10 Crypto Slangs everyone should know

image-10 Crypto Slangs everyone should know
user-profile-photoMary O

January 18, 2023

Are you new to cryptocurrency investing? Here are 10 crypto slangs you should know.

A lot of people are taking the plunge when it comes to cryptocurrency investing every day. But to be a good investor, you should be familiar with a number of terms in the industry. Here are some of the slang words every new crypto investor should know.

Vaporware: A blockchain or software project that is still an idea and does not yet have a working product is known as vaporware. A vaporware project may be promoted for months or even years before it becomes public. In some cases, it may never be developed at all.

Bearish: “bearish” means a downward trend.

Bullish: “bulliish” is the opposite of bearish. It is an upward trend in the market.

BFFD: This means “buy the fu**ing dip.” When the market has a downward trend and everyone is selling their coins out of fear, it may be a good time to buy.

BYOB: “Be your own bank.” This has to do with the fact that holders of cryptocurrency can be their own banks, capable of storing, transacting, and even investing their funds.

FOLE: This simply means “fear of losing everything.” Remember that when investing, your actions should not be backed by fear but by adequate research.

Genesis block: This is the first block of the blockchain.

ICO: “ICO” means “initial coin offering.” This happens when a new blockchain project comes on board. It is a “crowd sale” or “public sale” and an opportunity to buy new coins.

Private key: your personal key to your wallet just as the name implies.

Diamond Hands: This refers to how well a trader holds onto his crypto assets especially in the midst of a downward trend when a lot of people have FOLE and start selling.

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