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Author Topic: A beginner guide to crypto slang words ("hodl', "to the moon", "bearwhale", etc)  (Read 64 times)
bumjae1
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February 13, 2020, 11:09:48 PM
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The Bitcoin community has developed its own set of slangs on the chats where it meets––such as r/bitcoin, BitcoinTalk, Telegram chat rooms, and more. Log on, and you’ll see mass misspelling: “hodl” instead of “hold” or “Reckt” instead of “wrecked.” You’ll hear of bagholders and BearWhales.



Hodl
The word “Hodl” came to fruition during the bitcoin price collapse in 2013, when,. A post on BitcoinTalk read “I AM HODLING”, a cri de couer.

No coiner
A no coiner is the opposite of a hodler. A no coiner has no cryptocurrency assets; of course, particularly Bitcoin.


Sats
Short for satoshi, A Sat is the smallest unit of Bitcoin recorded on the Bitcoin Blockchain. It is like bitcoin’s version of the penny. It carries a value of 0.00000001 BTC, one-hundred-millionth of a single Bitcoin.


FoMo
Fomo is anxiety that an exciting or interesting event may currently be happening elsewhere, often aroused by posts seen on a social media website. Sufferers of FOMO might buy crypto based on emotion.

Shill
An individual promoting altcoins for their own benefit, taking payment. A shill is a one who discreetly advertises a project without specific merit by spreading ‘buzz’, when in fact they are potentially being paid for their services.

Bear
The term Bear stems from traditional trading lingo. A bear is a person who thinks, in any market, that the price will fall.

BearWhale
A “BearWhale” is a big-time trader who is bearish on the Bitcoin price. A BearWhale is prone to making large sells which could hamper the overall bitcoin market.

Goxxed
Goxed means you’ve lost money at the hands of someone else. This term references the MtGox (bitcoin exchange) bankruptcy back in 2011, when many people lost their money. If you’ve been goxed, your coins were being held on a third party exchange that was either hacked or scammed its users, and now you’re a no-coiner. Spelled “Goxxed” or “goxed”.

Sh-tcoin
A sh*tcoin is a token based on vaporware, which refers to non-existent technology promoted through marketing and communication efforts. A shitcoin doesn’t have to be worthless, in terms of price, but just needs to have zero applications. Oftentimes, shitcoins are pump-and-dump schemes with value based on speculation.

Bagholder
A Bagholder is a person who purchases Bitcoin at the top of the market. It also refers to altcoins, many of which are pump-and-dump schemes.

An investor who has been hodling for too long, and is left to face the consequences. Also refers to the many pump-and-dump schemes involving thinly traded “altcoins” (cryptocurrencies that aren’t bitcoin, which function more like penny stocks) on the scene. Bagholder is often referred in the macro to people who don’t hold crypto, but only fiat-based assets.

Rekt
Rekt comes from “wrecked”. It denotes someone who made a bad investment, mostly due to buying or selling at the wrong time. For instance, a Bitcoiner sells his bitcoin holder, rendering him a no coiner, before the coins started going “to the moon”. That investor just got rekt. The term hails from online gaming, and means to utterly be destroyed or ruined.

Buy Wall
A buy wall results from a single huge buy order or multiple large buy orders made at the same price in the order book of a particular market. Buy walls can be created by a wealthy individual, group of traders or institutions.

To the moon!
This rallying cry refers to the sky-high price expectations by Bitcoin bulls. A derivative, “To mars!”, highlights even loftier expectations for the Bitcoin price. You can say, mooning, and common related questions, include “When Moon?” and  “When Lambo?”

Choyna
Bitcoin slang for China, a country that is in many ways an epicenter of Bitcoin activity due to its active trading and mining industries. Prominent bitcoin trader Flibbr credits “Choyna”. Choyna is an imitation of Donald Trump saying “China”.


source/ learn for some practical examples of these words: https://changeoutput.com/what-is-hodl-a-guide-to-crypto-slang-like-to-the-moon-wreckt-bearwhale-and-more/
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February 13, 2020, 11:15:39 PM
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You can see this thread, Cryptocurrency Lingo/Slang or Terminology for Beginners.

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February 14, 2020, 03:49:59 AM
 #3

This is probably one of the most redundant topics(besides topics concerning BTC price) that I've seen here on Bitcointalk.

https://bitcointalk.org/index.php?topic=2353534.0
https://bitcointalk.org/index.php?topic=4802831.0
https://bitcointalk.org/index.php?topic=2905959.0
https://bitcointalk.org/index.php?topic=126798.0
https://bitcointalk.org/index.php?topic=3250658
https://bitcointalk.org/index.php?topic=3321001.0

..and a lot more

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February 14, 2020, 04:05:57 AM
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FoMo
Fomo is anxiety that an exciting or interesting event may currently be happening elsewhere, often aroused by posts seen on a social media website. Sufferers of FOMO might buy crypto based on emotion.
haha, it is not an "anxiety" or... FOMO (all caps) is simply an abbreviation of the term "fear of missing out". it usually refers to those who perform panic buying after the price starts going up instead of before.

Quote
Bagholder
A Bagholder is a person who purchases Bitcoin at the top of the market. It also refers to altcoins, many of which are pump-and-dump schemes.
the "bag" in "bagholder" refers to "garbage" otherwise it is simply a "holder" or "a long term investor" for example when you buy real estate, stocks, gold,... and don't sell it for years they can't call you a "bagholder" but when you buy garbage and hold it (such as altcoins) then you become a bagholder.

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February 14, 2020, 04:07:15 AM
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I appreciate your effort. But there are so many thread like this was disscuss here before. Before creating a thread it is better to search here in this forum whereas this type of thread is existing or not.
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February 14, 2020, 11:23:23 AM
 #6

Add this to the crypto list.

SPAM - an attitude of most individual to post off topic or redundant ideas that has been discuss over and over again. Some mostly doing this for signature post count qouta.

I'm not considering your post as spam. Provided your still a newbie and we understand that your not familiar or maybe aware yet some function here such as search button. Its on the top left of the forum between HELP and PROFILE. You can use it to know if this post already been posted. Thanks for the effort.

Just lock the thread and thats it. Its on the lower left beside the move topic. Just continue to share here, just make sure your topic is just new.

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February 14, 2020, 06:34:40 PM
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Nice work. This article is really helpful for Beginners to understand some important words.
Thanks for sharing two more useful thread.
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