Crypto Slang 101
Crypto Slang 101
Cryptocurrency could be daunting for many as the new digital currency wave continues to come. As the crypto community grows, you will notice they have created their own unique language revolving around these digital assets.
From wen moon, to toilet token, and whale, do you find yourself being a no-coiner and lost in these words? If you’re puzzled by the many peculiar terms used continue reading to get the ideal Crypto Slang glossary and we know you’ll be speaking our language in no time!
Bagholder - what a trader is considered a Bagholder when crypto is bought at a relatively higher price than its current value; when the value of the purchased crypto falls.
Crab - a unit of measurement to represent Crypto holders (typically in Bitcoin) owning or trading between 1-10 BTC.
Cryptosis - this is a state that can describe someone when they become completely obsessed with all things crypto. It can be used by saying, “This trader has a serious case of cryptosis”.
Diamond Hands - refers to a trader who is head-strong and holds onto a particular crypto when there is high volatility and even outside pressure to sell.
Dolphin - a unit of measurement to represent crypto holders (typically in Bitcoin) owning or trading between 100-500 BTC.
ELI5 - an abbreviation for, “explain like I’m five”. Traders use this term when asking for a particular concept to be explained easily, or more understandably.
Fish - a unit of measurement to represent crypto holders who buy and sell in smaller quantities, (typically in Bitcoin) owning or trading between 50-100 BTC.
Flippening - a hypothetical event that crypto enthusiasts use when Ethereum’s market cap is more than Bitcoin’s.
FOMO - an abbreviation for, “fear of missing out”.
FUD - stands for “fear of uncertainty and doubt”. This is typically used to describe someone who is frantic or doubtful about a particular coin. For example, “Joe is spreading FUD again”.
HODL - translates direction to, “hold on for dear life”. Most often used when the price of a particular crypto drops or spikes.
Hodler - a trader is a holder if he or she believes in a particular coin.
Hopium - when a trader is holding onto a large amount of faith and hope without backing it up with solid facts and statistics. Hopium essentially is an addiction to false hopes.
JOMO - an abbreviation for, “joy of missing out”. Typically used when traders miss a particular event that saved them wealth.
Laser Eyes - first came to the forefront in February of 2021, Laser Eyes is a viral term that is used by Bitcoin lovers to describe a trader who attempts to push the price of BTC to all-time highs.
Mooning - a state that occurs when a crypto trader is doing well because the value of their crypto assets has gone up.
No-Coiner - someone who does not own any cryptocurrency at all.
Octopus - a unit of measurement to represent crypto holders (typically in Bitcoin) owning or trading between 10-50 BTC.
Paper Hands - a crypto trader who tends to sell early right at the first sign of volatility or trouble.
REKT - when something negative happens to a crypto trader, typically when a trader loses money due to the value of the asset going down. This term could be used as an adjective or verb.
Sats - stands for Satoshi (Bitcoins anonymous founder) and is used to refer to the smallest unit of Bitcoin.
Shark - a unit of measurement to represent crypto holders (typically in Bitcoin) owning or trading between 500-1000 BTC.
Shill - is the act when traders use exaggerated narratives to promote a particular investment (crypto). Typically shilling occurs for personal gain and is promoted on social media often for low-quality tokens and coins.
Shrimp - a unit of measurement to represent crypto holders (typically in Bitcoin) owning or trading less than 1 BTC.
Toilet Token (aka sh*t token) - traders use this term when describing a coin they do not believe in.
Weak Hands - traders or investors who let go of their cryptos quickly. People who cannot handle large upswings or downswings and sell.
Wen - first came from the Dogecoin community. This term could pose as a question or future inference. Essentially, it means, “when”.
Wen Lambo - this could pose as a question asking when one is going to get rich from cryptos or NFTs.
Wen Moon - this could pose as a question or statement. In statement form, it means when the price of Bitcoin or other crypto soars (to the moon). It’s a question that a trader could ask, “wen moon?” when crypto has been in a slump for some time and the person is asking when will crypto soar again.
Whale - a crypto trader that is prominent; large investor, big gainer, etc. In a unit of measurement, this is over 1000 BTC.
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