What’s up CryptoPeeps It’s your girl Ysa, here to deliver your daily dose of Bitcoin talk!
Do you ever find yourself lost in conversation when two people are talking about bitcoins?
They toss around so many terms that sometimes it feels like they’re speaking another language!
Today I’ll give you the Top 10 Crypto Slangs You Need to Know
so the next time you hear your friends talking you can join in on the conversation!
Sats is short for “Satoshis” which was derived from Bitcoin’s mysterious creator, Satoshi Nakamoto.
Satoshi is actually the smallest amount of bitcoin that can be sent.
This one is actually my favorite.
The term first appeared when someone accidentally posted “hodl” instead of “hold” in a bitcoin forum.
People thought it to be an acronym for “Hold On For Dear Life” and now it has actually become a meme of sorts.
People have even started using an altered version of the term saying how they are called “HODLERS”.
Whales are the individuals who own a LOT of bitcoins.
If a “whale” sells a lot of their stake, it can actually cause the price of a cryptocurrency to dip.
FOMO is actually an abbreviation of “Fear Of Missing Out”.
People often associate this to people who just get into bitcoin for the fear of missing out on something great.
5. Pump and Dump
This is when a group of people all decide to buy a certain coin
and therefore create a sudden demand in the market, hence “pump”
and then they decide to sell all of it at once, hence “dump”.
This is a person that has HODL-ed for too long and is left with no gains.
Shilling is normally done by scammers so people will buy their coin.
This one is pretty self-explanatory.
It’s basically a coin that nobody one sees the potential in, and therefore, it’s a sh*tcoin.
Faucets are websites that reward you with bitcoins for completing a certain task.
Buy the F****ing dip!
So what was your favorite crypto lingo?
Let us know in the comment section down below.
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Once more, this is Ysa from We The Cryptos, and I’ll see you guys next time! Bye!