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Learning crypto terminology
2022-02-09 20:31:35

Crypto rookies must feel the scenario very familiar: you try to google every hashtag that you don’t understand and finally find the # is a silly inside joke out of nowhere. If you want to be part of the crypto community, you should know those jokes but not everyone of them are silly.


Crypto rookies must feel the scenario very familiar: you try to google every hashtag that you don’t understand and finally find the # is a silly inside joke out of nowhere. If you want to be part of the crypto community, you should know those jokes but not everyone of them are silly.


Facing dozens of new blockchain projects being born every week. You do feel the prevalence of #FOMO vibes. Wait, here comes the first term.



FOMO, acronym of the “fear of missing out” is often used under the context that you heard someone’s getting rich overnight because of investing the right  NFT or those people who simply #HODL the right crypto.


Hold means you hold a cup or something literally but hodl is a slang used in the crypto community only. The term HODL emerged back in late 2013 when a netizen posted a passage on the Bitcoin Forum with a typo...apparently! 


The forum user GameKyuubi posted a message with the subject “I AM HODLING” and the following was more like a bunch of incoherent and typo-laden nagging by a drunker. GameKyuubi confessed that his trading skill was lame but he decided to HODL his Bitcoin anyway. Then there he/she went on the reasons why to HODL the crypto king. From then on, HODL has become a crypto term that people adopt to use in holding cryptocurrencies specifically.


Speaking of Bitcoin, it is now undergoing a period of correction right after it soared to #ATH last week. 




ATH goes with the word “soar” so you probably understand now that it means all-time high. As Bitcoin is plummeting, you would see the hashtag trending on twitter #BTFD. Bitcoin supporters are hollering to “buy the f-word dip.” 




If you’re a crypto believer, then you will consider that the dip is just a process, not the end! After all, #WAGMI ! It means we’re all gonna make it or we are gonna make it. And the opposite, #NGMI is adopted by those doomsayers.


To build your social circle with crypto fellows online, other relative easier but relevant terms that you should know are:



#GM=Good Morning

#GN=Good Night

#IYKYK=If You Know, You Know 

#Ser=Sir

#Fren=Friend


As for the last term, hopefully none of you will ever use it.


#McDonalds 


Yes, the chain fast food restaurant McDonalds!


It is used when the doomsayers are sadly correct and the backup job plan for those who’re NGMI. 


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