The Most Popular Crypto Terms

You probably encounter slang in your daily life, whether it’s in ads, messages from friends, or just overhearing someone’s conversation in the street. Now imagine that the crypto space is also flooded with abbreviations and unusual terms. When you see "LFG" or "FUD", you might find yourself wondering, "What does that mean?". Today, we’ll introduce you to the most commonly used digital acronyms that help you blend seamlessly into the world of traders and enthusiasts.

Specifics Of Crypto Community

The crypto community stands out for its unique language and strong sense of unity among its members. The main platforms for communication and idea exchange are social networks such as Twitter, Reddit, and Discord. Don’t forget that Cryptomus also has its own social media channels, and we’d be delighted to have you join us there!

Digital enthusiasts are brimming with energy, as you can see from the vast number of memes, slang terminology, and abbreviations they create. To feel at ease in this field, you need to understand its language, whether you’re trading, investing, or simply exploring the industry. Now, let’s dive into the most popular digital words.

FOMO

The top crypto slang is "FOMO", which stands for "Fear Of Missing Out". The term reflects the risk of passing up a potential coin-related opportunity. Often, the fear of missing out pushes traders into making a common mistake: becoming impulsive and letting emotions drive their actions. This leads to irrational decisions and financial losses. The rise and fall of Bitcoin in 2021 perfectly illustrates FOMO in effect.

LFG

The second frequently used term in the crypto world is "LFG", a shortened form of "Let’s F* * * ing Go"! The community typically utilizes this phrase to express excitement. It’s thrown around when the market shows a bullish trend and prices are climbing. In moments like these, you'll see the 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 influences market prices.

Interestingly, FUD contrasts with FOMO, even though both stem from fear. When markets are on the rise, people may fall victim to FOMO, driven by the fear of missing out on gains. On the other hand, when prices drop, the atmosphere becomes filled with FUD, and the fear of losses dominates.

DEGEN

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

HODL

Did someone misspell the word "HOLD"? Well, almost. In the crypto community, "HODL" stands for "Hold On Dear Life". The term originated about 10 years ago on a forum when an investor made a typo that started as a meme and quickly became a staple in crypto vocabulary.

Let's explain the application of the term. Imagine a trader following a buy-and-hold strategy. This means they don’t 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 the deliberate inflation of a digital currency’s price 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 commonly used to describe the potential growth of a coin or token. Many traders dream of finding a "100X gem" that will bring massive profits.

CT

CT in crypto means "Crypto Twitter". It 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

Jeet in cryptocurrencies means "Jeet" (derived from "Jit", meaning "loser" or someone who sells their assets too early). It’s a derogatory term for a member who sells in a panic or at a loss, missing out on potential gains.

DYOR

The next unit in the crypto space is DYOR, which stands for "Do Your Own Research". The term appeared a few years ago, and users now actively utilize it to remind each other to thoroughly research a coin or project before making any investments.

WAGMI/NGMI

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

On the other hand, WAGMI stands for "We’re All Gonna Make It", and users commonly use it to inspire positivity and confidence in a project. It’s also meant to instill hope in the community, encouraging collective support.

SAFU

SAFU in crypto means "Funds Are Safe". It 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 secure.

GM

For crypto traders, the abbreviation GM stands for the cheerful greeting "good morning". This simple term fosters a positive atmosphere and camaraderie within the community. You can particularly notice this on Twitter, where members of the crypto society frequently kick off their day with a tweet saying GM.

OG

In crypto slang, OG translates to "Original Gangster". This term refers to early adopters of cryptocurrency who became interested in the space "before it went mainstream". These individuals usually command great respect in the forums for their foresight and experience.

PA

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

REKT

In the world of cryptocurrency, REKT carries a negative connotation and means "wrecked". This slang paints massive 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 is "Player VS Protocol". PVP refers to competitive trading where individuals profit from each other’s damages. PPP, on the other hand, involves engaging with protocols or decentralized systems for rewards.

BTD

In crypto slang, BTD stands for "Buy The Dip". This phrase involves buying more digital coins after a drop in their market price. The strategy carries hope that the asset's price will rebound to its original value.

IYKYK

Although it may seem familiar, in the crypto realm, IYKYK means "if you know, you know". This expression implies that the text or post will resonate only with a select group of individuals, the chosen few. 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.

Well, today we’ve discussed important slang terms in the crypto space. These terms shape the culture of the community and its vibe. By understanding the meanings of these abbreviations, you’ll feel more confident when discussing any topic with traders.

What expressions do you use most? Share in the comments!