Most Frequently Used Crypto Slang - YouTube

Hey man!

Look what I bought...

A friend of mine, a real „OG“, says it's going „TO THE MOON“.

Wait, you... you bought Dogecoin?

At an ALL TIME HIGH?

After it went 10x?

Next time, please, just throw your money in the trash!

Whatever man, this time it's different and I'm „HODLing“.

It's going to 1k...

At least...

$1000 Dogecoin?

Do you even...

That kind of a market cap...

You're getting „REKT“.

Why are you so „BEARISH“?

Elon tweeted that he's gonna bring Doge to Mars.

To actual Mars!

It ain't „WHEN LAMBO“ anymore, it's „WHEN TESLA“.

Listen... it's called „FOMO“.

It'll probably „DUMP“ soon enough, the chart is full of „PUMP&DUMPS“, and no,

those are not „CORRECTIONS“.

You should just be „STACKING SATS“ instead.

Or maybe... you're just spreading „FUD“...

Okay, man, just don't invest more than you can afford to lose...

I've got „BAGS“ so big I'm almost a „WHALE“ now.

Oh...

Well...

Good luck with your „gains“.

Hi, Ante here!

If you're new to the crypto space, chances are you didn't quite catch some of the lingo

in this conversation.

And if that's the case, it changes today as I bring you explanations of most frequently

used Crypto Slang out there.

Let's begin with everybody's favorite thing...

All-Time High, abbreviated ATH.

Although not really used in the crypto space exclusively, it indicates the moment when

an asset reaches its highest price point ever.

So, fairly straightforward.

Now, very closely related to all-time high is the phrase „To the Moon“ which represents

an extremely bullish movement in an asset.

It can also be used in different forms, like for example „Bitcoin is mooning“

Examples of that can be found all over the place and it usually follows a period of high

exuberance in the markets.

Next, another important term everybody should be aware of is the one we've just mentioned,

and that is „bullish“.

It also comes with its counterpart - „bearish“.

Bullish and bearish describe market sentiment at any given moment and they're derived from

Bull and Bear markets.

Bull market represents market or economy conditions which are generally favorable, whereas bear

market represents the opposite.

So, when we say that something's bullish, we want to say that the prices are expected

to rise in the future, or if we say that we are bearish on something else, that means

that we think they'll drop.

Arguably my favorite one is „HODL“.

This misspelled word is actually an abbreviation for „Hold On for Dear Life“.

It's been in use ever since a trader used it on a forum post in 2013.

In fact, that first use was a simple typo by a drunken trader, basically explaining how buying and holding BTC

outperforms trading. And even though it is a widely accepted definition today,

it was only later given the "Hold On for Dear Life" addition.

People use it during harsh market movements as some sort of mantra that helps them endure

gut wrenching bear markets, but also it sometimes describes a never-sell mentality even during

extreme bull markets.

Nevertheless, always make sure to take at least some profits along the way.

Moving on...

Getting „REKT“ means to suffer losses from a failed investment.

It's derived from the word „wrecked“, which is used in gaming when someone gets

annihilated during a game.

Losing money is unpleasant however you put it, but especially so in the crypto space,

where altcoins tend to experience dumps of even 90+% during bear markets.

So, keep in mind to manage your risk accordingly.

That brings me to another pair which is „Pump&Dump“.

"Pump" is, same as "To the Moon", an extremely bullish movement,

whereas "Dump" is an extremely bearish one.

But they can also be used in combination, or "Pump&Dump", which is used when a certain

coin pumps, but immediately afterwards dumps to around the same level.

Do you know any such coins?

And "Corrections" are slight drops in the market value of an asset after a pump, so not every

pump is followed by a dump.

„Whales“ are people or institutions that hold a large amount of coins or tokens of a

certain cryptocrrency, which makes them a powerful entity as they are able to manipulate

its market value by selling and buying and thus take advantage of the market's reaction.

In case of Bitcoin, a person holding over 1000 BTC is considered a whale.

One of the most dangerous emotions to encounter while trading or investing is „FOMO“,

which means "Fear Of Missing Out.

In most cases, it occurs when a certain coin or an asset pumps, and then, one starts to

invest way too agressively in order to not miss out on the opportunity, but the reality

is that the opportunity has probably already passed, it's just too difficult to realize that.

Many, and probably all new investors, have at some point experienced FOMO and, because

of it, lost some money.

But the good thing is that the FOMO effect tapers off with experience.

Next in line is „FUD“, meaning "Fear-Uncertainty-and-Doubt".

It's used in the crypto space to discredit the intentional spread of misinformation.

So, when someone is saying that a coin is going to zero based on something someone else

tweeted last month, which has no base in facts whatsoever, we say that they're spreading FUD.

And a person spreading FUD is a "FUDder" or a "FUDster".

„Stacking sats“ simply means acquiring more bitcoin, or its division – satoshis,

or sats for short.

Another funny one is „When Lambo“, which is a substitute for „when are we going to

get rich“.

In the past, a Lamborghini has been a crypto millionaire's trademark, so when you get some

real cash out of the crypto space, you should always buy a Lambo first...

Just kidding, you should be wiser with your investiments, but if you do have extra money,

what the heck...

However, you might even consider a Tesla, because ever since Tesla bought Bitcoin back

in February of 2021., that phrase started to change to - you guessed it: „When Tesla“.

And a few quick ones to wrap it up: holding „Bags“ means owning some coins or tokens

of a certain cryptocurrency, and if you do, that makes you a „Bagholder“.

Making „Gains“ means that your investment is turning some profits, and if you are an

„OG“, you probably already have a Lambo, as it means you are an "Original Gangsta", and

that you've entered the space a long time ago.

Basically, if you've gone through an entire Bitcoin 4-year cycle, you're officially an OG.

Now that we've covered that, feel free to watch the intro again, listen to it with

a new pair of ears and see what you make of it.

Thanks for watching and see you in the Next Block.