You probably encounter slang in everyday life, messages from friends, or just someone's conversation on the street. Now imagine that the crypto space is also filled with abbreviations and unusual terms. Upon seeing "LFG" or "FUD," you might wonder: "What does this mean?" Today we will introduce you to frequently used digital acronyms that will help you seamlessly integrate into the world of traders and enthusiasts. $BTC

Features of the crypto community

The crypto community is distinguished by its unique language and strong sense of unity among its members. Digital enthusiasts are full of energy, as evidenced by the vast amount of memes, slang terminology, and abbreviations they create. To feel comfortable in this area, one must understand its language, whether it be trading, investing, or simply exploring the industry. Now, let's dive into the most popular digital words.

FOMO

The most popular crypto slang is "FOMO," which means "Fear Of Missing Out." This term reflects the risk of missing an opportunity related to a coin. Often, fear leads traders to make a common mistake: becoming impulsive and allowing emotions to drive their actions. This results in irrational decisions and financial losses. The sharp rise and fall of Bitcoin in 2021 perfectly illustrates FOMO in action.

LFG

The second commonly used term in the crypto world is "LFG," short for "Let’s F* ing Go!" The community typically uses this phrase to express excitement. It is heard when the market shows a bullish trend and prices are rising. In such moments, you will see media and social platforms filled with this abbreviation.

FUD

In the crypto community, FUD stands for "Fear, Uncertainty, and Doubt." This term often describes a psychological tactic used to create a negative perception of a coin, market situation, or DeFi project. Bloggers, social media pages, and even rumors actively spread FUD, and this negativity directly affects market prices.

Interestingly, FUD is the opposite of FOMO, although both terms are based on fear. When markets rise, people can fall victim to FOMO, driven by the fear of missing out on profits. On the other hand, when prices fall, the atmosphere fills with FUD, and the fear of losses becomes dominant.$BNB

DEGEN

In crypto, "DEGEN" refers to "degenerate," describing high-risk traders who act impulsively and recklessly. This includes speculative behavior without proper research. In the crypto community, "#DEGEN " is both a badge of honor and a term of self-deprecation.

HODL

Did someone misspell the word "#HOLD "? Almost. In the crypto community, "HODL" means "Hold On Dear Life." This term originated about 10 years ago on a forum when an investor made a typo, which started as a meme and quickly became a staple of the crypto vocabulary.

Let's explain the application of this term. Imagine a trader who follows a buy-and-hold strategy. This means that they do not plan to sell their assets anytime soon, even if the markets crash. The trader firmly believes in the long-term value of the fund and becomes a "HODLer" of the coin.

PnD

In the crypto space, PnD represents "Pump and Dump," which refers to deliberately inflating the price of a digital currency to create artificial demand. Such schemes are illegal but still occur in less regulated markets.

10X or 100X

10X or 100X in crypto means multiplying your investment by 10 or 100. These terms are usually used to describe the potential growth of a coin or token. Many traders dream of finding a "#100x gem" that will yield huge profits.$TRB

CT

CT in crypto means "Crypto Twitter". This refers to the active community of crypto enthusiasts, influencers, and traders who share news, opinions, and memes on Twitter. CT is one of the main hubs for digital discussions.

Jeet

In cryptocurrencies, it means "Jeet" (derived from "Jit," which means "loser" or someone who sells their assets too early). It is a derogatory term for a participant who sells in panic or at a loss, missing out on potential profits.

DYOR

The next term in the crypto space is DYOR, which means "Do Your Own Research." This term emerged a few years ago, and users now actively use it to remind each other of the necessity to thoroughly research a coin or project before making any investment decisions.


WAGMI/NGMI

In the crypto world, #NGMI means "Not Gonna Make It." This phrase signifies a future failure due to a bad decision, such as selling an asset at the market peak. People often use NGMI to mock those who do not understand the unwritten rules of the crypto game.

On the other hand, WAGMI means "We’re All Gonna Make It," and users often use it to inspire positivity and confidence in the project. It is also intended to instill hope in the community, encouraging collective support.

SAFU

SAFU in crypto means "Funds Are Safe." This term originated from a tweet by Binance CEO Changpeng Zhao during an exchange outage and has since become a meme to reassure users that their assets are safe.

GM

For crypto traders, the abbreviation GM means the cheerful greeting "good morning." This simple term fosters a positive atmosphere and camaraderie within the community. You may especially notice this on Twitter, where members of the crypto society often start their day with a tweet saying GM.

OG

In crypto slang, OG translates to "Original Gangster." This term refers to early adopters of cryptocurrencies who became interested in the space "before it became mainstream." These individuals are typically held in high regard on forums for their foresight and experience.

PA

PA in crypto means "Price Action." This term describes how the price of a cryptocurrency changes over time, and traders analyze it to make informed decisions.

REKT

In the world of cryptocurrencies, REKT has a negative connotation and means "wrecked." This slang describes significant financial losses resulting from a failed trade or investment. Traders who find themselves REKT make impulsive decisions that lead to their downfall.

PVP VS PPP

PVP in crypto means "Player VS Player," while PPP stands for "Player VS Protocol." PVP refers to competitive trading where individuals profit at the expense of each other. PPP, on the other hand, involves interacting with protocols or decentralized systems to earn rewards.

BTD

In crypto slang, BTD means "Buy The Dip." This phrase implies buying more digital coins after their market price has fallen. The strategy is based on the hope that the asset's price will return to its original value.

IYKYK

Although it may sound familiar, in the crypto world, IYKYK means "if you know, you know." This expression implies that the text or post will resonate only with a certain group of people, the chosen ones. Traders use it ironically when someone "reinvents the wheel" by sharing obvious information.

WL

WL in crypto means "Whitelist". This term refers to a list of approved users who receive early access to participate in token sales or special events, usually as a reward for supporting a specific project.
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