10 Crypto Slangs everyone should know

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.