What’s the meaning behind all these crypto terms?
But don’t worry: this is the crypto slang you oughta follow crypto-dense conversations!
Context: “Don’t worry, WAGMI, this project will bounce back.”
Image Credit: freepik/freepik
NGMI (Not Gonna Make It)
The pessimistic counter to WAGMI.
This is what crypto skeptics say to poke fun at crypto investors when prices are tanking.
It’s the pessimistic view that certain coins or the overall crypto market are doomed.
Image Credit: Dominguero Youtube/Wikimedia Commons
Context: “That meme coin is not gonna make it; it is headed to zero.”
Lambo is short for Lamborghini, the dream luxury car of most crypto investors.
or skyrocket so they can afford insane luxury purchases.
It’s usually asked jokingly when looking at charts and waiting for that major pump.
Context: “Can’t wait for Bitcoin to break through 68k again!
Bullish
Bullish refers to when you feel optimistic about crypto, expecting prices to increase.
Bulls push the market higher.
Bearish
The opposite of bullish.
When you are bearish, you feel negative about crypto, expecting prices to go down further.
Bears drive the crypto market lower.
Not Financial Advice (NFA)
NFA is used to disclaim crypto opinions as not being licensed financial advice.
Context: “Buy Shiba Inu now, NFA!”
Crypto exchanges can be hacked, go bankrupt, freeze your account, etc.
Store your crypto on a hardware wallet where you control the keys.
They have weak “paper” hands and can’t stomach volatility.
The moment they see red, they dump their crypto.
Context: “When Bitcoin dipped 30%, those paper hands dumped it all!”
Their hands are hardened like diamonds and unshaken by volatility.
Context: “Just got to have diamond hands and HODL through the dips.”
Chad
A slang term for someone confident, powerful, or successful in crypto.
Context: “That dude who called the Bitcoin peak is such a chad.”
Copium/Hopium
Copium refers to unrealistic consolation or rationalization when crypto is down.
Hopium is excessive optimism despite negatives.
Meanwhile, the hopium is strong with Bitcoin!”
Jeet
Jeet is slang for “did you eat?”
but used in crypto to ask if someone made significant profits.
Context: “So many gains from that NFT drop.
No-Coiner
A no-coiner doesn’t own any cryptocurrency or is skeptical of crypto.
Context: “Don’t worry, bro, storing your coins on a hardware wallet is SAFU.”
Context: “There are rumors a whale is about to dump 1,000 BTC onto the market.”
Shill
Crypto shilling means to promote or hype a crypto asset aggressively, often in a dishonest way.
Context: “Don’t listen to crypto influencers paid to shill meme coins.”
Context: “I can’t believe I didn’t sell when I was up 10x.
Now I’m stuck holding these heavy bags until the next bull run.”
They think every crypto will go up 1,000x and make them rich despite any contrary evidence.
Context: “Don’t listen to those moonboys on Twitter who think Dogecoin will hit $10.”
They refuse to invest in anything besides their most preferred.
Context: “Those XRP maxis can’t stop hating on every other altcoin project.”
The crypto’s liquidity is suddenly “pulled” like a rug from under investors.
it’s possible for you to Now Speak Crypto Lingo!
And there you have it!
A quick rundown of the most common crypto slang terms floating around to help you get into any conversation.
As the space continues to evolve, more unique terms are bound to emerge.
But for now, this glossary provides a solid foundation for decrypting crypto conversations.
