What Are The Commonly Used Terms And Jargon In The Cryptocurrency Industry?

What are the commonly used terms and jargon in the cryptocurrency industry?

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πŸ•’ 2:01 AM

πŸ“… Feb 22, 2025

✍️ By patil

Cryptocurrency has its own slang, often used by traders and enthusiasts. Here are some common terms:


Trading & Market Terms

HODL – "Hold On for Dear Life," meaning to keep holding crypto instead of selling.

FOMO – "Fear of Missing Out," the anxiety of missing a big opportunity.

FUD – "Fear, Uncertainty, and Doubt," negative news or rumors that cause panic selling.

MOON – When a cryptocurrency's price skyrockets. ("This coin is going to the moon!")

REKT – "Wrecked," meaning a big financial loss due to a bad trade.

Whale – A person or entity holding a large amount of cryptocurrency, capable of influencing prices.

Pump and Dump – Artificially inflating the price of a coin and then selling it off quickly.

Bagholder – Someone stuck holding a coin that has lost significant value.

Ape In – Buying a crypto asset impulsively without research.

Exit Liquidity – When late buyers unknowingly help early investors cash out.

Buy Wall / Sell Wall – A large buy/sell order that can influence market movements.

Rug Pull – A scam where developers abandon a project after taking investors' money.

Dead Cat Bounce – A temporary price recovery before further decline.

Crab Market – When prices move sideways with little volatility.

Community & Culture

Sats (Satoshis) – The smallest unit of Bitcoin (1 sat = 0.00000001 BTC).

Diamond Hands – Holding onto crypto despite market volatility.

Paper Hands – Selling too quickly due to fear.

BTFD – "Buy The F***ing Dip," meaning to buy when prices drop.

WAGMI – "We’re All Gonna Make It," expressing optimism about crypto investments.

NGMI – "Not Gonna Make It," referring to poor investment decisions.

Shill – Promoting a coin aggressively, often for personal gain.

GM / GN – "Good Morning" / "Good Night," used in crypto communities.

Ser – Crypto slang for "sir," often used humorously.

LFG – "Let’s F***ing Go!" expressing excitement about a project.

CT – "Crypto Twitter," where many discussions about crypto happen.

Gwei – A small unit of Ethereum used for transaction fees (1 Gwei = 0.000000001 ETH).

Technology & Coin Types

Altcoin – Any cryptocurrency that is not Bitcoin.

Shitcoin – A coin with no real value or utility.

DeFi – "Decentralized Finance," financial services on blockchain without banks.

NFT – "Non-Fungible Token," a unique digital asset, often artwork or collectibles.

Smart Contract – Self-executing agreements coded on a blockchain.

Meme & Joke Terms

When Lambo? – A phrase used to ask when a coin will make someone rich enough to buy a Lamborghini.

McDonald's – A joke that traders who lose money will end up working at McDonald's.

Pepega – A meme term for bad trading decisions.

Wen Moon? – Asking when a coin will "moon" (rapidly increase in value).

Jeet – Someone who sells too early, missing out on potential gains.

Blockchain & Coin Types

Layer 1 / Layer 2 – Layer 1 is the base blockchain (e.g., Ethereum, Bitcoin), and Layer 2 solutions improve speed and scalability (e.g., Polygon, Arbitrum).

Gas Fees – Transaction fees required to process operations on blockchains like Ethereum.

Bridging – Moving assets between different blockchains.

Fork – A blockchain split, creating a new version (e.g., Bitcoin vs. Bitcoin Cash).

Maximalist (Maxi) – Someone who believes only one cryptocurrency (e.g., Bitcoin) has true value.


Crypto slang keeps evolving, so there’s always something new popping up!