Crypto Slangs you should know

Cosmos - Crypto Slangs

If you are new to the world of cryptocurrency, you may be feeling a little bit overwhelmed by the different terms and jargons that is used. You are not alone. A lot of people feel this way, and it should not put you off from getting involved. In fact, to give you a helping hand, we are going to take you through some of the most common crypto slang terms below. 

  • Pump and dump – This is a tactic that big investors may use to get money from innocent investors by encouraging them to purchase a certain crypto coin, and then manipulating it. 
  • BTD – If you have never heard of BTD before, this means buy the dip, and it is a term that is regularly used in monetary markets. It means that you will enter a long position when there is a suspected brief drop in the price of an asset. This approach is more often utilized in bull markets, supporting the increasing prices and bullish sentiment. However, it can also be utilized to purchase in a crypto bear market for impressive historical value for a long-term investment. 
  • Cryptosis – Have you caught cryptosis yet? Cryptosis is a term used to describe a situation whereby someone has the crypto bug. They have become obsessed with cryptocurrency and they cannot stop talking about it. It consumes everything that they do. 
  • Bagholder – Another term that you may see used a lot online, especially on chat forums, is a bagholder. A bagholder is someone who has purchased into a position at a price that is too high, and so they end up seeing the value of their holdings decrease. 
  • Whale – No, we’re not talking about the killer variety that lives in the ocean. In cryptocurrency terms, a whale is an entity that has a huge position with regard to a certain cryptocurrency. This person or business will hold such a significant amount of a coin whereby any move they make can have an impact on the price of the coin. 
  • Sats – Another term that you should know is ‘sats’ and this is an abbreviation of the word satoshis, which is the smallest Bitcoin unit. To be precise, this represents 0.00000001 BTC. 
  • Shill – Shilling is a term that is used to describe the use of propaganda or exaggerated or fake narratives to promote an investment or service, especially if the quality is low. Of course, the aim of shilling is for monetary gain. 
  • HODL – Last but not least, we have HODL, which means hold on for dear life. This is a popular misspelling of the word ‘hold’ and a well-used crypto meme. The term is widely used during a price rally whereby investors HODL when price volatility is steep. 

So there you have it: some of the most common and popular crypto slang terms that are used today. Hopefully, this helps you to feel more confident and prepared when reading a textbook or having a conversation with someone about cryptocurrency.

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Author: Heath Donald

Founder of No Names Digital, Heath is a dynamic and innovative business strategist with the talent, experience and drive to recognise good ideas across a range of industries and transform them into market-busting offerings. With 25 years’ experience, Heath has a deep understanding of what it takes for a digital-age business to thrive, and a rare ability to energise the teams propelling those businesses into the future. Heath’s passion for creating and developing new ventures unlocks potential and yields high returns.