HODL may be the most popular crypto term, but there are several slangs you should know; I have curated 10 here.
Do you think Harry Potter fans calling you a ‘muggle’ is bad? Wait until you start hearing some terms that only crypto enthusiasts understand, and you feel like an outsider.
Every industry has a couple of jargon that people use to communicate. While these terms are not coined specifically to exclude other people, it still does that. You will agree that most crypto users are either cool or nerdy, and to roll with them, you must understand the following 10 slangs that they use to avoid being a No Coiner.
10 crypto slangs to know today!
10. No Coiner
This one might be self-explanatory. It is the muggle equivalent of crypto outsiders and refers to people who don’t own any Bitcoin. Also, classed under this term are people who don’t believe in digital money and try to convince others that bstash.io can guide you on what’s suitable for you. In pop culture, you can say No Coiners are ‘haters.’
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9. Shill
Another term used to refer to a group of people is ‘Shill.’ However, Shillers are crypto owners, and some are even expert traders and investors. They earn their name for trying to deceive others into buying a particular coin that is not good by hyping it. Unsurprisingly, some do this because they own the coins and want to quickly bump the price, sell theirs for profit, and pull out. They have even used celebrities to do their dirty works on several occasions.
8. Vaporware
An offshoot of the above term, vaporware, is a coin advertised as the next BTC or ETH but never completed. Before its success, Dogecoin used to be seen as one of such but gratefully, it launched and stayed competitive.
7. Bagholder
These are the most faithful crypto owners. A bagholder will keep holding on to their coin and refuse to sell despite the price going down like the Titanic. There is some sense in this because the crypto market fluctuates, and prices could go back up any time, yet, there is no point sticking around until water completely submerges you. If you get a lifeboat, you should take your chance to get out.
6. Whale
A whale is an investor that owns five percent or more of any digital currency. For example, Dogecoin’s market cap was $31.9 billion in October 2021, according to Investopedia. If you owned up to $1.6 billion in Dogecoin at that time, you would be considered a Dogecoin whale.
