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Check Your Vocab! 11 Popular Crypto Slangs
Let’s check if you are a no-coiner or have an obsessive crypto disorder. If you get confused encountering strange English words and abbreviations during your crypto journey, be sure you are not alone. NC Wallet is here to cast some light on these mysterious (and sometimes amusing) terms.
If someone wants to know your “addy”, don’t get scared. The person just needs your crypto wallet’s public address.
Sometimes crypto projects distribute free tokens among the community to promote them and boost adoption. This process is known as an airdrop. In exchange, participants should follow the project's account on social media, share posts, create an account, sign up for updates, or somehow get involved in spreading info.
Dust is a kind of leftover generated as a byproduct of transactions in your wallet. It’s a tiny amount of cryptocurrency, typically worth less than one cent. Dust cannot be exchanged or withdrawn because it’s lower in value than a transaction fee.
“Flippening” refers to the hypothetical moment of Ethereum overtaking Bitcoin as the biggest cryptocurrency. In other words, flip describes the theoretical situation when ETH market capitalisation exceeds those of BTC.
FOMO is the acronym for “fear of missing out”. In the crypto community, FOMO refers to the situation when someone experiences anxiety about missing out on the next great thing in the cryptoverse, and, as a result, the opportunity to make a profit.
Going to the Moon
This phrase is used to describe the spike in the price of a specific currency. For example, in 2021, the value of Ethereum “mooned”, increasing from $1,000 to $5,000 in 9 months.
Probably, the most popular example of crypto slang. HODL appeared as a typo in the word “hold”, but can also stand as an acronym for “hold on for dear life”. Initially, it occurred in the post in 2013. The term is used to refer to the strategy of not selling your digital assets, even if prices are changing drastically in the market.
A no-coiner is a name for a person who doesn’t have any crypto assets and believes that crypto is definitely going to fail. The term applies only to those who have a negative attitude toward new digital assets.
Obsessive Crypto Disorder
If you know someone who is constantly talking and reading about crypto and observing market prices, the chance is high that this person suffers from obsessive crypto disorder (OCD) or “cryptosis”. Don’t worry, this disease is painless and non-life-threatening.
Vaporware is a crypto project that is only a concept and does not yet have a working product. Typically, vaporware tends to give unrealistic promises and, in most cases, never goes beyond the concept stage.
Lamborghini has always been the symbol of high social position and wealth. So, “When Lambo?” is a synonym for the question of when a crypto investment is going to pay off so a person can become rich.