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Stock market-listed companies have fundamental terminology such as price-to-earnings ratio (P/E), debt-to-equity (D/E), return on equity (RoE), Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA), etc. The cryptocurrency market, however, does not have such on fundamentals, it has its own sentimental slangs to stay confident amid volatile trends.
Here are some crypto slangs that you should know before entering the blockchain-powered market:
1. HODL
Crypto analysts sometimes holler out “hold on for dear life” or ‘HODL’, even when crypto prices are plunging.
The word has been derived from the English “HOLD” – a common recommendation bellowed out by stock market analysts in general. Some crypto enthusiasts call themselves “HODLER” or “a long-term HODLER of Bitcoin”.
2. FUD
When market analysts call cryptocurrency a bubble, investors have FUD (Fear, Uncertainty, and Doubt). How to use this slang while posting a tweet or a social media status – Dogecoin HODLERS see Doge growing to the moon despite the ongoing FUD around the crypto market.
3. Mooning
Ethereum is mooning or Ethereum is going to the moon. That means Ether price is rising on crypto exchanges. In the crypto world, mooning is a term to describe sharp and rapid rise in price.
4. Whale
Crypto whales are MVP-like characters with access to large sum of funds who wield a significant impact on the market.
Tesla is a whale in the crypto market. If Elon Musk sells bitcoins, the crypto market will tumble, and if the EV maker adds more virtual coins to its kitty, the bitcoin price will surge.
One more example, Tesla is one of the whales behind the ongoing crypto frenzy.
5. OCD
Obsessive Cryptocurrency Disorder (OCD) refers to a fixation on watching crypto coin prices from day to night. These OCD traders are also known as crypto watchers.
6. Bagholder
Bagholders are those crypto traders who want to sell their holdings at higher prices but fail to do so due to the fast and volatile nature of the market.
For example, Jack bought 10 bitcoins at US$ 50,000 per token, and later, he wanted to sell at US$ 60,000 each coin. But overnight, bitcoin price breached US$ 60,000 per unit, and he missed selling it. Now, he holds a 10 bitcoins at C$ 40,000 per piece, and he does not want to sell at the current price. In crypto slang, Jack is a Bagholder.
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7. Pump and Dump
This is just like Reddit-based investors and traders, who pump a particular stock rally to a targeted share price, and after achieving the same, they dump (sell) it all together.
On the same lines, crypto traders have social media-based communities. They also fuel up a particular crypto coin rally and sell it later at a target price, which is called “Pump and Dump”.
8. Rekt
This slang mostly comes from the gaming world, which stands for a massive loss. It has been derived from “wrecked”.
If someone buys bitcoin at its all-time high and after few hours, it tumbles. Thus, this guy gets “Rekt”.
9. When Lambo?
This slang stands for getting rich enough to own Lamborghini. And crypto enthusiasts believe that investing in bitcoin can make one rich quickly.
10. No coiner
If you do not own bitcoin or any other crypto coins, you are no coiner. Because of FUD, most mainstream investors prefer to be “no coiner”.
