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The crypto world is one interesting space you never get tired or bored with, since its inception this space has been buzzing with lots and lots of activities, new ideas, etc. While glancing through Twitter, Reddit, or even Instagram, there's a 100 percent chance that you were potentially baffled by a dense thicket of acronyms, funny memes, and just more and more.
With the ever-increasing rise of the popularity of web3, a whole new jargon has emerged. Below are some of the most commonly used slang terms in the cryptocurrency space, at least this will boost your knowledge and keep you up to date.
- FOMO:
This four-lettered phrase refers to 'Fear Of Missing Out'. This makes reference to investors and traders who fear that they might miss out on an exponential investment opportunity. Most times, they end up investing based on the community's reactions.
- Diamond Hands:
This slang came into stardom when a lot of Reddit users made a popular meme about it and since then crypto lovers have just fallen in love with that slang. It is described as a hardcore adherence to holding a large amount of a particular coin for as long as the project thrives.
- HODL:
This slang is the most famous one used in the crypto space or the most prevalent piece of crypto slang. It came out in 2013 from a tipsy typo of a Bitcoin forum post: "I AM HOLDING". It basically acts as a proof that one is holding on to a particular coin.
FUD:
This stands for, "fear, uncertainty, and doubt." The concept behind this is to warp public perception about a certain project, ecosystem, or candidate by strategically putting to the public some misinformation in an attempt to spark up a negative emotional response from the masses.DYOR
This stands for - Do Your Own Research. DYOR stands for a strict caution given to investors before they buy huge shares of a particular coin, NFTs, or otherwise. The whole idealogy behind DYOR is to alert investors that there are high risks associated with the particular project they are allocating their hard-earned funds.