Popular Crypto Slangs that Every Investor Should Know

• The crypto community has some popular slang that they often use during conversations.
• Understanding these slangs make understanding of crypto easier.
• We have compiled popular slangs with  their detailed meaning.

In our daily lives, we use slangs to express our feelings in a special form. Which sounds more interesting than normal language. The same is the purpose that slangs serve in the crypto space. Slang may be appealing to experienced investors. But at the same time, newbies may feel frustrated with slangs. They find it confusing when they are not able to grasp its meaning. So if you are a newbie or even an experienced investor wanting to understand the crypto world better.

We are here to have your back. This article is a compilation of popular slang that is often used by the crypto community.

NGMI

NGMI simply stands for “Not going to Make It”. This term is pessimistic and hence used to denote that the future of that cryptocurrency or project is not bright. When investors use this term what they mean is that they have lost all hope in the project.

WAGMI

WAGMI stands for “We are all gonna make it”. This term is a pessimistic term used by the community to express their belief and enthusiasm about a cryptocurrency and project. Investors use this term when they see high potential in an asset shortly.

HODL

This slang originated from a very popular financial market term – HOLD.

It is simply a misspelling of the term hold and means “Hold on for dear life”. Market fluctuation might tempt an investor into selling a currency. This slang is used at such times to encourage traders to hold their assets even when there are fluctuations.

SHILL

This slang means creating hype for an asset. This hype is often created by the asset holder to raise the value of the asset to gain high profits. This process is often called shilling and the people who do this are called shills.

FOMO

We all know the meaning of the slang FOMO which is “Fear of Missing Out”. We often use it in our lives to express our concerns regarding missing out on something important. This word has the same usage in the crypto space. It is more often used when there is a bullish or bearish trend in the market. At this time there are a lot of activities taking place in the market. Some investors who are not active in the market may feel the fear of missing out on something important. FOMO is used to denote exactly that situation.

WHALE

Considering crypto space is an ocean, there might be many smaller fishes swimming in the ocean but the biggest of all is called “Whale”. The same applies to the crypto market. Whale is a term that is used to denote those entities that hold a significant amount of cryptocurrency. Since they hold a large amount of the currency they sometimes even influence that currency.

Understand this term – Top 100 Bitcoin holding wallets hold 15% of the total cryptocurrency. These holders can be considered whales of the Bitcoin currency.