Cryptocurrency Slangs: Common Ones and What They Mean

• The cryptocurrency world can be very technical due to the use of many complicated slangs

• Many newcomers find it difficult to understand a statement when it includes some of this cryptocurrency slangs

• In this article, we’ll be stating the meanings of many crypto slangs that are commonly used

Have you ever come across a crypto conversation in the online space? They are often filled with random acronyms and cryptocurrency slangs that will get you confused.

Luckily for you, this article contains a list of crypto slangs that are commonly used.

AirDrop

An AirDrop is a distribution of tokens at no cost. These tokens are used to popularize a new coin.

ATH (All-time high)

A cryptocurrency ATH or All-time high is the highest value that a cryptocurrency has ever attained.

Cryptosis

Cryptosis is an obsessive need to know more about cryptocurrencies and the crypto market. You find  yourself wanting to know more.

DYOR (Do your own research)

DYOR is one of the cryptocurrency slangs in the crypto-verse and it simply means; Do Your Own Research.

FOMO (Fear of missing out)

“FOMO” is a common crypto slang that is used in instances where a person is worried about missing a good opportunity.

FUD (Fear, Uncertainty, and Doubt)

This is the term for trick used by a group of people to spread doubt and cause people to sell their coin.

Gas

This is the fee that is paid when completing a transaction.

HODL (Hold on for dear life)

HODL became popular after a crypto enthusiast misspells hold during a discussion on Reddit.

It is simply advice to a trader to hold a coin even when it crashes, with hopes of it coming back up.

Shitcoin

Shitcoins are coins that have no meaningful use apart from being used as a means of exchange.

Shitcoins are considered bad investments and they often end up crashing.

Sats (Satoshi)

This is an alias used by the Bitcoin creator and it is used to describe the smallest unit of the crypto (0.00000001 BTC).

Read also: Crypto Project DeFi 100 Scams Investors, $32 Million Stolen

Rekt

This is the term for suffering a loss in the crypto world by selling too fast or too slow.

Pump and Dump

Pump and dump is a scheme that is used in the crypto world to manipulate the market and cause the rise and drop of coins.

To the Moon
This is a term Ithat describes when the value of a cryptocurrency goes up drastically

Whale

A whale is a person who owns a large portion of a coin in circulation(usually 5% or more).

Follow Naija.fm on our social media handles Facebook, Instagram, and Twitter to keep up with trending news, breaking news, entertainment news.