Common Crypto Lingo Explained

We know that joining something new can be overwhelming, especially when the community seems to speak a different language.

If you're new to Crypto and want to participate in the social communities, this information might help!

Airdrop: 

Marketing campaign that distributes cryptocurrency through a population of wallets/people. Free tokens in exchange for simple tasks like sharing news of the coin with friends. Also a favorite tool of scammers, promising free tokens to obtain wallet info 

Bitcoin was the first. All the other coins are grouped as altcoins. 

ATH:  

All Time High for a token, opposite of ATL. 

Bag: 

Cypto you own. As in, “I’m going to add to my bag” 

369-3695233_woman-pointing-transparent-p

Bear/Bearish: 

If the price of a cryptocurrency has a negative price movement 

The first cryptocurrency. Created in 2008 by an individual or group of individuals operating under the name Satoshi Nakamoto. It was intended to be a peer-to-peer, decentralized electronic cash system

BNB (Binance): 

Coin, typically used to swap for alt coins or investment 

Bull/Bullish:

If the price of a cryptocurrency has a positive price movement 

Burn: 

If a coin is removed from circulation, it’s “burned”. This is done by sending the coin to a dead wallet, thereby reducing available amount and can sometimes increase price  

DApp:

Decentralized application 

DeFi: 

Decentralized Finance 

Dip:

Price is currently down, many expected it to come back up. As in, buy the dip 

Dump: 

The term used to describe selling all (or a lot) of your cryptocurrency 

Do Your Own Research 

Exchange: 

Platform through which cryptocurrencies are exchanged with each other 

Fiat: 

Refers to money recognized as legal tender by governments, such as the US dollar, British pound, Euro and Australian dollar. 

FOMO: 

Fear Of Missing Out 

FUD:

Fear, Uncertainty and Doubt. Typically spread by an unseasoned investor or an emotionally charged person that that is down in their investment. 

Gas:

The fee you pay for a transaction on an exchange when buying or selling. Not to be confused with Tokenomics (see definition) 

HODL:

(Hold On for Dear Life) To Hold a coin through highs and lows, expecting it to increase more over time. Comes from a drunk person in the early days of Bitcoin, that mistyped; Hodling 

ICO: 

Initial Coin Offering of a new token 

Metric used to measure the size of an asset. 
Market Cap = Amount of Shares X Share Price 

Moon:

A term used to describe a major price movement upwards. 

Moon Boi:

Someone that buys tokens wanting it to rise quickly, and may create FUD (see FUD) if it does not 

Pre-Sale:

A period before an Initial Coin Offering goes public when private investors or community members are able to buy the cryptocurrency 

Practice of buying a large amount of Crypto, to drive up its price, then selling the lot when there is a suitable margin and price drops 

REKT:

Used to describe a bad loss or situation. Wrecked 

Satoshi: 

The individual, or group of individuals – it has never been confirmed – who created bitcoin 

Shit Coin: 

Used to describe a cryptocurrency not expected to have a positive future 

Token:

The “coin” of a cryptocurrency is a token. Digital code defining each fraction, which can be owned, bought and sold 

Tokenomics:

How a token is distributed (typically as a percentage of a buy or sell) and how they are being used to incentivize positive behaviour in the network 

Whale:

A term used to describe investors or traders who have a large sum of a token 

Whitelist:

Prior to an ICO, interested parties can sign up/register with intent to purchase. 

Detailed explanation of a cryptocurrency, designed to offer technical information, explain the purpose of the coin and set out a roadmap for success 

When Lambo:

Asking when will price be so high that they can afford expensive items 

That's it for now!

Hopefully this helps you a little with figuring out the lingo in the crypto communities!