Crypto Slangs: 45 Terminologies You NEED to Know 2023


Oracles are typically used in decentralised networks where there is no central authority to validate transactions. An oracle can be either an individual or a group of individuals. In some cases, an Oracle may be a software program that is designed to provide validation for transactions. It is similar to a notary public in the traditional financial system.

Web three-dot-zero is being built by companies and projects such as Ethereum, IPFS, and ENS. “Halving” is a term used to describe when the block reward for miners is cut in half. This happens every four years and can have a big impact on the price of Bitcoin. “Wrapped Bitcoin” is a term used to describe when a person takes their Bitcoin and “wraps” it in Ethereum. This can be done for a variety of reasons but is often done to take advantage of the benefits of both networks. A hard fork is when the new blockchain is not compatible with the old blockchain, and a soft fork is when the new blockchain is compatible with the old blockchain.

SAFU: A Binance initiative to protect investors that turned into a crypto slang – CNBCTV18

SAFU: A Binance initiative to protect investors that turned into a crypto slang.

Posted: Fri, 30 Sep 2022 07:00:00 GMT [source]

A trader who missed the opportunity to sell and is left holding onto coins with little to no value. A whale is someone who holds an extremely large amount of a particular coin or token. Unlike diamond hands, the paper hands emoji refers to someone who panic sells as soon as they sense any potential trouble. For example, when someone makes a bad decision or doesn’t understand basic crypto concepts.

Cryptocurrency Money Laundering

Here are some of the most commonly used slang terms in the cryptocurrency world, so you can understand the conversation and stay up to date on the latest trends. NFTs have been gaining in popularity lately, due in part to the launch of the Ethereum-based game CryptoKitties. In CryptoKitties, players can buy, sell, and breed digital cats. These digital cats are stored on the Ethereum blockchain as NFTs. A CEX is a type of cryptocurrency exchange that is centralised.


But unlike other Crypto slangcurrencies, they are designed to maintain a stable value against the real-world asset they track. Popular stablecoins like USD Coin and Tether tend to be linked—or "pegged"—to the US dollar, but can be pegged to any government-issued currency. It’s important to note that “stable” is a relative term, and stablecoins should not be confused with legal tender. A spot market is a public financial market where assets can be traded upfront for immediate delivery. So, if you purchase a coin for $60, a spot market means that's exactly what you'll pay for your asset and what the seller will receive.

On-Ledger Currency

Cryptocurrencies can often cycle between Bitcoin and altcoin season. For example, if the market is bearish, you might say that “it’s not Bitcoin SZN right now”. If prices are generally rising, then it is said to be a bull market, whereas if prices are falling, it can be said to be a bear market. Some of the more popular altcoins include Ethereum, Litecoin, and Monero.

  • Anonymous founders and developers, as well as questionable NFT/crypto platforms can be the first red flags.
  • They are often considered to be gamblers rather than investors.
  • China's Crypto Crackdown Jeremy Cogan If you've been following the price of Bitcoin and other cryptocurrencies, you probably couldn't help but notice the recent significant…
  • Being a bag holder can be one of the most painful experiences a Degen can have.

For example, a person might say they are “getting paid 10 satoshi an hour” to indicate a very low-paid job. A no-coiner is typically a crypto pessimist who believes that Bitcoin and other digital currencies are fraught with risk and volatility. FUD stands for “fear, uncertainty and doubt.” FUD relies on emotion, not reason, to make a sale — or prevent one. FUD is a psychological method of inspiring negative sentiment about a particular asset to prevent further buying or to spur massive selling or short-selling. A crypto whale refers to any person or entity with a large amount of cryptocurrency.

Private Blockchain

POW is a type of algorithm that is used to verify transactions on the Bitcoin blockchain. “Double spend” is a term used to describe when someone tries to spend the same cryptocurrency coin twice. This can happen if someone has two different wallets and tries to send the same coin to both wallets at the same time. A “hot wallet” is a type of cryptocurrency wallet that is connected to the internet.

Dogecoin was the first memecoin and was based on the popular doge meme. Some cryptocurrencies are based on new technologies or ways to utilize the blockchain. Diamond hands refers to the hands of people who currently own crypto.


The Bitcoin world is mysterious, and when its prices go down, many HODLers blame the whales, which may be true since they can dramatically influence the crypto market. One thing’s for sure; these whales are incredibly rich and can get a Lambo whenever they want. Because of this, you sell other coins you currently have to get on the bandwagon.

Blog Cover – Crypto Slang

People who stand to lose from this want to damage crypto to prevent it from ever taking off. To do so, they use whatever means they can to cast fear, uncertainty, and doubt on the entire industry. Looks rare is an ironic way of saying that an NFT may be valuable . Since the value of most NFTs is determined by their rarity, one that looks rare and is rare will net you a profit. So you may take to social media and show off your NFT with a "looks rare" comment in the hope that is true. But learning the "crypto language" is important because otherwise, you may end up feeling like a guest in a private member's club.

No matter if profits come from extremely volatile token trading, or from using a lot of leverage on a life-defining trade, the Lambo is the ultimate status purchase. Who wouldn't want the good ol' sports car crafted by the generational Lamborghini brand! A Lambo is the symbol of one's greatest, best-recognised achievement in the markets.

Oracles are an important part of the cryptocurrency ecosystem because they help to ensure the validity of transactions. Without them, there would be no way to know if a transaction is valid or not. “Fork” is a term used to describe when a blockchain splits into two. This can happen for a variety of reasons but often happens because the community cannot agree on a particular update or change. MultiSig wallets are often seen as more secure than single-signature wallets, as they require multiple people to agree to a transaction.

Derivatives Market

For a transaction to be considered valid, it must be approved by an oracle. It’s important to be aware of halvings when considering investing in Bitcoin, as it could impact the value of your investment. Halvings are often seen as positive, as they help to keep the network secure and running smoothly.

Crypto Slang: WAGMI and NGMI – Coinspeaker

Crypto Slang: WAGMI and NGMI.

Posted: Sun, 04 Dec 2022 08:00:00 GMT [source]

Chain Debrief aims to inform, educate, and connect the global investment community through our crypto guides, news, analyses, and opinion pieces. With all the attention, jargon that was once just used for inside jokes in early cryptocurrency chat rooms and on Reddit threads has now become a part of the dialogue. You may also hear this term used to describe when other smaller coins overtake their larger competitors. FUD is another acronym that stands for “fear, uncertainty, and doubt.” This is a tactic used by opponents of crypto to damage it.

Accepting Risk (Acceptance)

People that are overenthusiastic about a coin's prospects are labeled as moonbois. Going to "the moon" refers to a surge in price, either through marketing efforts or a fundamental increase in value. It refers to the prisoner’s dilemma, where both parties are better off cooperating instead of defecting and receiving a (-3,-3) payout. The meme was popularized by Olympus DAO to visualize the benefits of staking the OHM token.

Instead, hodlers will hold their positions regardless of price out of confidence in the long-term value of crypto. An abbreviation for ‘hold on for dear life,’ the term HODL actually derived from a misspelling of ‘hold’, which has stuck around and now means ‘keep’. As such, a crypto trader who buys a coin and does not plan on selling it in the foreseeable future is called a ‘hodler’ of the coin. DYOR stands for ‘do your own research.’ In crypto, it’s commonly used to remind investors to vet a project before investing. While diamond hands is a trading ethos commonly identified in long-term market participants, paper hands is an ethos more apparent amongst swing traders and day traders.


Boomer are typically coins or tokens with low circulating supply, high fees and lots of hype. They are often focused on marketing rather than actual development, and in some cases can contain false or misleading information. K (pronounced “kay”) is a slang term that has become popular in the crypto world.

  • It’s important to be aware of gas fees when considering investing in Ethereum, as they can impact the amount of money you make from a transaction.
  • Smart contracts use simple “if … then …” statements written in code.
  • Unlike diamond hands, the paper hands emoji refers to someone who panic sells as soon as they sense any potential trouble.
  • It refers to someone buying all the NFTs in bulk at their floor price.
  • Oracles are an important part of the cryptocurrency ecosystem because they help to ensure the validity of transactions.

To prevent this, you hastily invest in the same cryptocurrency. “Funds are safu” presumably originated through Binance's Secure Asset Fund for Users, an insurance for its traders. The meme may have also predated the fund since it refers to safety of funds in any project. Boomer refers to Baby Boomer and is used in a mocking way for people or concepts that are considered old and outdated. As the crypto space moves at breakneck speed, sometimes even fairly new concepts are considered "boomer." For instance, Bitcoin is sometimes mockingly referred to as Boomercoin . Moonbois often tend to ask a project's leadership "when Lambo. " In other words, they are overly concerned with profiting from a substantial price increase to be available to afford a Lamborghini.

The objective is to suppress an asset’s price so the FUDer or group of FUDers can purchase that asset at a significantly lower price. Of course, the FUDers can then turn around, drive the price up, and sell in order to make a profit. In finance, portfolios are the mechanisms that make it possible for you to manage your investments, such as stocks, bonds, and—more recently—cryptocurrencies. Portfolios can be hosted by management software, which provides analysis tools and allows you to make purchases or sales and track earnings and losses. Simply put, fiat money is currency issued and printed by a government.

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