The story of crypto in 10 words

1 min read

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

hodl


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

FOMO


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

jomo


DYOR

Do your own research

Often used when people FOMO. A lot of people buy “shitcoins”, other people warn them by saying DYOR!

do-your-own-research


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

fud


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!

moon


LAMBO

Referring to the sports car Lamborgini

People want to buy it when they get rich from crypto

lamborgini


BTD

Buy the dip

An indication to buy a coin when it has substantially decreased in price

buy_the_dip


ELI5

Explain to me like I’m 5

A simplified explanation that even a 5-year-old can understand

eli5


PUMP AND DUMP

Price manipulation by whales or collectives

pump_and_dump


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