Crypto lingo3/9/2023 ![]() ![]() So it’s no surprise that a fair amount of cryptocurrency slang comes from the gaming world – including #rekt, the hashtag that describes when investors get blown out of the water by a catastrophic coin collapse. The worlds of cryptocurrency and gaming are inextricably linked, due in part to them both being online communities with unique language and social rules. Though ‘noobs’ (newbies) might be scared into selling their positions, seasoned investors are often keen to use FUD-induced price drops as a buying opportunity. There’s nothing quite so tiresome for established cryptocurrency stalwarts as FUD – otherwise known as fear, uncertainty and doubt not grounded in reality – being spread through the media. ‘Holding’ is even spelled correctly in this one, such is the gravity of the situation. Those who wait too long will be forever derided by cryptocurrency experts as bag holders – the ones left holding the (empty) bag. When the going gets so tough that the value of your investment is plummeting, you must know when to let go. When the going gets tough, the tough HODL.īut HODL-ing isn’t always the right move when it comes to investing, and that includes cryptocurrencies. Coincidentally, it turned out to be an acronym for ‘hold on for dear life,’ and a legend was born. The story goes that in 2013 on a Bitcoin forum, someone tried to advise someone else to HOLD – that is, not panic and sell your coins – but instead wrote HODL. HODL manages to be both at the same time. Some of the most popular internet memes are acronyms or phrases borne out somebody’s mistake or typo. But one thing is for certain: the whales have enormous influence in the cryptocurrency market. They might be well-established investors or just incredibly rich. The crypto world is full of mystery and intrigue, and whales often take the blame when currency prices go south. Those who own more than 5% of any cryptocurrency coin are considered whales – and potentially dangerous ones, at that. So, if you’re new to the world of cryptocurrency, here’s an illustrated glossary to some of the most common terms you’ll need to understand if you’ve got any hope of being a whale instead of a bag holder. But as with any community that’s sprung up from the internet, the cryptocurrency world is full of slang and memes that can be both bewildering and off-putting to outsiders. Cryptocurrency slang – An illustrated glossaryĬryptocurrencies are all over the news right now – and the more coverage they get, the more people are tempted to check out their investment potential. ![]()
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