Cryptocurrencies are not just charts and tokens, but also a unique language. If you are just starting your journey, the jargon of the crypto community may seem mysterious. But don't worry, this dictionary will make you a true crypto enthusiast! 🌕
1. Shill (Shill) 🤷♂️
Active promotion of a token for personal gain.
Example: "He's been shilling some sketchy coin all day."
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2. HODL (HODL) 💎
A misspelling of 'hold', meaning to stubbornly hold an asset despite declines.
Example: "The market is falling, but I keep hodling!"
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3. Dump (Dump) 📉
Sharp price drop due to mass selling.
Example: "Whales started dumping, and the market crashed."
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4. Pump (Pump) 🔥
Artificial price increase through mass buying.
Example: "They are pumping this coin, be careful."
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5. FUD (FUD) 🤔
Disinformation and panic (Fear, Uncertainty, Doubt).
Example: "Don't believe the FUD, it's just rumors."
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6. Rekt (Rekt) 💀
Complete failure or significant losses (wrecked).
Example: "I leveraged x20, now I'm rekt."
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7. Moon (Moon) 🌕
Explosive price growth.
Example: "This coin went to the moon!"
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8. Bear Market (Bear Market) 🐻
Prolonged price decline in the market.
Example: "In a bear market, it's better to learn than to panic."
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9. Bull Market (Bull Market) 🐂
Period of price growth in the market.
Example: "In a bull market, even meme coins soar!"
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10. Degen (Degen) 🤪
An investor willing to risk everything for profit.
Example: "Only a degen could invest in this project, but he made x100!"
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11. Sats (Sats) 💰
Satoshis are the smallest unit of Bitcoin.
Example: "The price increased by 200 sats in a day."
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12. Bagholder (Bagholder) 🛍️
Someone who is stuck with an asset whose price has dropped.
Example: "Now I'm a bagholder of this coin after the dump."
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13. Whales (Whales) 🐋
Large market players capable of moving prices.
Example: "Whales started buying, waiting for growth."
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14. Rocket (Rocket) 🚀
Symbol of rapid price growth.
Example: "This coin soared like a rocket!"
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15. Grind (Grind) 📈
Slow but steady price growth.
Example: "The token started grinding up, that's a good sign."
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16. Flipping (Flipping) 🔄
Change of market leader.
Example: "If Ethereum surpasses Bitcoin, it will be flipping!"
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17. Diamond Hands (Diamond Hands) 💎🙌
Those who hold assets despite any declines.
Example: "I'm in Diamond Hands, I will only sell at the peak!"
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18. Reversal (Reversal) 🔄
Trend reversal in the market.
Example: "After the drop, Bitcoin showed a reversal."
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19. Pump and Dump Groups (Pump and Dump) 👥
Groups that manipulate token prices.
Example: "This coin fell victim to a pump and dump."
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20. Scam (Scam) ⚠️
Fraudulent project.
Example: "Be careful, this project is a scam!"
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Why is jargon important?
Imagine you bought a token after reading that it’s 'going to the moon', but you didn’t realize it was a 'shill'. As a result, the coin 'dumped', and you became a 'bagholder'. Understanding the jargon will save you from mistakes!
What terms have you heard but do not know their meanings? Write in the comments, and we will discuss them together! 💬
