As the adoption of cryptocurrencies is growing at an almost unfathomable rate; over 800% in the last 12 months, many people are jumping in headfirst. Cryptocurrency now represents the fastest adoption of any technology in human history, currently at a rate almost double the adoption of the internet itself. As new investors and people just learning about it, are joining the pack, I wanted to summarize some of the crypto slang, so you can understand all of the funny acronyms that keep showing up on social media feeds and in the news.
- For Example:
Are U APEing into this FOMO, or HODLing thru the FUD; me? Just SHILLin to the Whales so I don't get REKT with a Bag. The Flippening is almost here so I'm picking out my Lambo and Hopefully WAGMI !! ---- Say What? 🤔
Here's a list of some basic terms you need to know in the "CryptoVerse:"
Bulls- A Bull market is a market moving green. Bullish means an investor is hopeful about positive price action. Bears/Bearish - the opposite of Bullish, plainly said.
APE - investing in something with out doing your research first.
FOMO – Fear of missing out, in Investments no one wants to miss an opportunity to grab something cheap as it's value increases. FOMO is the fear of missing those opportunities
HODL – Hold on for Dear Life – refers to holding on to assets for the long term, hoping value will increase exponentially over time
SHILL – Shilling refers to basic marketing and explanation of a project or cryptocurrency, sometimes having a negative connotation tied to aggressive marketing strategies. "Here's my favorite cryptocurrency. You HAVE to buy it!
Whales Whales are individuals or companies with liquidity/money that buy and sell assets/crypto, including exchanges themselves.
FUD: standing for fear uncertainty and doubt, often fuel for negative opinions, valid or not, about an asset or market momentum.
REKT - Short for Wrecked, basically meaning loosing large amounts of money in an investment.
BAG - Holding a bag refers to a case where you bought a crypto at a high place and the price dropped significantly. “Buying the top”.
Flippening: The flippening the hypothetical point at which Ethereum overtakes Bitcoin in value/market capitalization, but I personally use it sometimes in relation to how crypto, in general, may “flip” certain modern financial asset values.
Lambo – Just a joke about looking to the future and dreaming of buying a Lamborghini or other luxurious items. It's often asked “Wen Lambo” (When Lambo) meaning how much longer until I’m Rich!
WAGMI - a popular acronym meaning We're All going to Make It
Now read this again: Are U APEing into this FOMO, or HODLing thru the FUD; me? Just SHILLin to the Whales so I dont get REKT with a Bag. The Flippening is almost here so I'm picking out my Lambo and Hopefully WAGMI !!
Did it make more sense?
As cryptocurrencies gain traction, it's very important to keep up with the slang, to keep from getting REKT! Lol
I would love to hear some feedback.
Good luck and Remember, #WAGMI
-CryptoRick ✌️
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