Updated: Apr 29
As the cryptocurrency and blockchain space continues to grow rapidly, we thought that sharing some of these slangs can be helpful in introducing you to the industry:
ALPHA - early investment advice or information that puts you ahead of the game
APEING IN - buying into an NFT project, perhaps without due diligence
STABLECOIN - a cryptocurrency with extremely low volatility, that has its market value pegged to some external reference such as the USD
STAKING - putting your tokens in to serve as a validator to the blockchain and receive a reward
BTFD - buy the f'ing dip, when a crypto price is dropping hard, that's the time to buy in.
BUIDL - build useful stuff, when crypto is dipping, building useful stuff proves that it's still valuable.
DEGEN - degenerate/gambler, someone shooting at all chances, possibly taking extreme risks
DYOR - do your own research before you invest in cryptos, buy NFTs etc.
FOMO - fear of missing out
FREN - friend
FUD - fear, uncertainty and doubt
HODL - holding on for dear life
REKT - wrecked, refers to a crypto trader who is ruined due to losses from a price crash.
RUGGED - when developers market a project to generate sales and then abandon it, taking existing profits and the project value (and buyer's NFT) goes to zero.
SHILL – unsolicited endorsing in public, promoting an NFT you're dropping or a coin you’ve invested in.
SWEEP THE FLOOR - buying NFTs in bulk at the floor or base price.
WHALE - individuals, institutions or exchanges that hold significant amounts of tokens of a particular cryptocurrency.
Special thanks to Misha Davinci for inspiring this post @mishadavinci on twitter