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Cryptocurrency is full of technical terms, acronyms and slang that can be hard to decipher. In this article, we’ll discuss some common crypto terminology so you can get up to speed on what’s been happening in the digital asset arena over the last decade. Whether it’s describing movements or adding additional meaning, find out how cryptocurrency enthusiasts have found ways to connect through their shared vocabulary. If you are into Bitcoin investment, you must visit a reliable trading platform such as https://immediatetradepro.org/.
Important Crypto Slang Words
Moonboy
Moonboy is a term used to describe someone who gets incredibly enthusiastic about an upcoming project or news announcement, often going so far as to make overly-ambitious predictions regarding its price.
Hyperbitcoinization
Hyperbitcoinization, also known as H-Theory, is a theory predicting that one-day Bitcoin will supplant other world currencies and become the sole currency of choice on an international scale. This concept has been gaining traction in recent years, leading many to consider the implications it would have on economies around the world.
Ticker Symbols
It is not a lot of slang, however, it’s crucial to understand crypto generally. These trading symbols are individual to every cryptocurrency available on the market.
DYOR
DYOR stands for “Do Your Own Research”, which is a reminder to conduct your own investigations and form your own opinions when it comes to investing in the markets. In online forums dealing with cryptocurrency, people often ask questions regarding buying, selling or trading to get advice – usually, this ‘DYOR’ response will be given in reply.
Whale
Whales are referred to as big investors who influence the marketplace. They have a lot of investment in crypto in an assortment of coins.
AFI
AFI stands for “all fucking in” and is used when participating in cryptocurrency transactions – such as buying, selling, or trading crypto.
FOMO
FOMO stands for the “Fear of Missing Out”, and it is an especially prevalent feeling in the crypto world. Individuals who are afraid to miss out on a potentially lucrative investment may experience this acronym; therefore, understanding FOMO can help you make more informed decisions when investing your hard-earned money.
CWGMI/WAGMI
CWGMI/WAGMI is an expression used in online trading spaces to signify major good news related to their investments. It stands for “We’re Going To Make It” or “We Are Going To Make It”, showing a sense of optimism and excitement around the investment.
Bitshaming
Bitshaming occurs when individuals mock those who have invested in Bitcoin – often over a long period of time – and have yet to see immense wealth accumulated. It is similar to the idea of kink-shaming but specifically for digital cryptocurrencies.
Maximalist
A maximalist would be yet another crypto-slang term for somebody who’s all in love with something. They possess extreme viewpoints and also are often stubborn with their perspective.
OG
OG stands for “original gangster” and is used to refer to individuals who have been around since the start of a trend or culture and are given respect accordingly.
Rekt
The term “Rekt” is often used to describe a situation where someone has had bad luck or the stock market takes a downward turn. In other words, it’s when you’ve been “wrecked”.
Cope
Unlike FOMO (Fear Of Missing Out), Cope is the feeling of acceptance if you are unable to take advantage of an opportunity. For instance, it could be a sense of contentment after deciding not to purchase at a lower price (“buying at the dip”).
Maxi
A maxi, short for a maximalist, is someone who holds an extremely firm opinion and position on something. They are very unwavering in their beliefs and can be difficult to sway when it comes to matters of opinion.
