If you have come across funny abbreviations and memes you couldn’t get your head around, this piece on crypto lingo is for you!
HODL
Hodl (/ˈhɒdəl/ HOD-əl; often written HODL) is slang in the cryptocurrency community for holding the cryptocurrency rather than selling it. It originated in a December 2013 post on the Bitcoin Forum message board by an apparently inebriated user who posted with a typo in the subject, “I AM HODLING.”
You are hodling holding a coin even though the price is going down a lot
Some people say, though, that the abbreviation means Hold On for Dear Life
FOMO
Fear of missing out
You see a coin go up a lot, you want to make money on it as well, and you buy without doing research because you fear to miss out on big money
JOMO
Joy of missing out
If you wanted to buy a coin, but did not have time or decided not to do it. And now that you see the coin crash, you are happy you missed out
DYOR
Do your own research
Often used when people FOMO. A lot of people buy “shitcoins”, other people warn them by saying DYOR!
FUD
Fear, uncertainty and doubt.
Used when fake news appears surrounding a coin. Like “China bans bitcoin!” – even though it’s not true. People spread fake news and rumours about coins to push down the price
TO THE MOON
Speaks for itself
People use it when they are excited and want to see the coin price go to the new heights!
LAMBO
Referring to the sports car Lamborgini
People want to buy it when they get rich from crypto
BTD
Buy the dip
An indication to buy a coin when it has substantially decreased in price
ELI5
Explain to me like I’m 5
A simplified explanation that even a 5-year-old can understand
PUMP AND DUMP
Price manipulation by whales or collectives
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