🚀 Crypto Watch · Understanding is the mark of a true veteran.
The top-tier jargon in the crypto world is neither 'rise' nor 'fall', nor is it 'retail investors' or 'pump',
but rather terms that sound like advanced financial jargon, but are actually insults created within the crypto community.
Selected advanced jargon
1. FOMO
Fear Of Missing Out
Seeing others make money, unable to control the urge to jump in.
Example: "Don’t FOMO, be rational, you might be jumping at the top this time."
2. FUD
Fear, Uncertainty, Doubt
Spreading negative news to create panic.
Example: "Someone is spreading FUD about this project, don’t get scared away."
3. GM
Good Morning (common greeting in the crypto community)
No matter what time zone you're in, it's always GM.
Example: "gm, have you been yield farming today?"
4. NGMI
Not Gonna Make It (you definitely won’t make a profit)
The crypto community's hierarchy of disdain, used to mock players who don't understand the market.
Example: "You FOMO'd at the top and went all in, bro, NGMI."
5. WAGMI
We’re All Gonna Make It (we will definitely make a profit)
A self-comforting slogan in the crypto community, used to boost morale during setbacks.
Example: "Don’t be afraid, WAGMI, bottom fishing relies on faith."
6. REKT
wrecked (exploded, liquidated, crushed)
A term used for a severe defeat in the crypto community.
Example: "I got liquidated last night, I was directly REKT."
7. DeFi
Decentralized Finance
One of the hottest tracks in the crypto world, involving yield farming, staking, and lending all within DeFi.
Example: "The DeFi yield farming army is about to rush into new projects again."
8. Degen
Degenerate (heavy speculators in the crypto community)
Jumping into anything, gambling on everything, usually not looking at the project but just the charts.
Example: "I’m a Degen, I don’t care about fundamentals, I just go for it."
9. Ponzinomics
Ponzi Economics (Ponzi structure in the crypto space)
Crypto projects rely on those behind to support those in front; without sustained funding, they collapse.
Example: "This project is clearly Ponzinomics, don’t go and warm it up."
10. Rug
Carpet Pull (instant zero and run)
Liquidity is drained, and the project suddenly disappears.
Example: "Be careful not to get Rugged, this kind of project is too dangerous."
11. Farm
Mining, liquidity mining, yield farming.
Earning coins through on-chain staking, exchanging liquidity for rewards, collectively referred to as Farming.
Example: "This platform has a good APY, we can go Farm for a bit."
12. VC Dump
Venture Capital Dump (institutional sell-off after the project goes live)
Quick sell-off and arbitrage after big capital investment.
Example: "We are now in the VC Dump phase, don’t jump in to catch falling knives."
13. TVL
Total Value Locked
An important metric for measuring the scale of DeFi projects.
Example: "The project's TVL has surged, it’s starting to look promising."
14. FDV
Fully Diluted Valuation
The theoretical market value after all tokens of the project are released.
Example: "FDV is too high, over-issuance later can easily crash it."
15. On-chain
On-chain (native interaction on the blockchain)
On-chain data, on-chain transactions, on-chain users collectively referred to as On-chain.
Example: "The project's on-chain data is explosive, there are many real players."
16. Paper Hands
Paper Hands (soft hands, sells as soon as the price drops)
Players who panic sell easily.
Example: "Don’t be a Paper Hands, be more mindful."
17. Diamond Hands
Diamond Hands (holding without selling, firmly believing until the end)
The ultimate image of a believer in the crypto community.
Example: "I'm ALL IN Diamond Hands, let's WAGMI together!"
18. Flip
Short-term speculation (buying and selling very quickly)
Quickly buying in and quickly selling to make a profit.
Example: "This coin is suitable for flipping, not for the long term."
19. Bagholder
Stuck at a high price, those who hold on without selling.
Example: "I became a Bagholder at the mountaintop and am still waiting to break even."
20. DAO
Decentralized Autonomous Organization
A new form of community governance in the crypto space.
Example: "This project is managed by DAO, community voting decides everything."
Crypto Watch Summary:
In the crypto world, a single NGMI might be enough to insult you.
In the crypto world, a single WAGMI might make someone trust you for life.
✅ Understanding the jargon is the first step into the community.
✅ Don’t just say gm, don’t just go all in,
✅ Whether NGMI or WAGMI depends on whether you understand.
Thanks to the project team, thanks to the audience, thank you all for following 'Crypto Watch', we'll continue to dig deep into the crypto community's hierarchy in the next issue.
🎤 Crypto Watch Regards.#大而美法案