7 Crypto Slangs You Need To Know In 2023
Adekunle Joshua
1. FOMO
FOMO stands for “fear of missing out”. It depicts the anxiety or excitement level of people when they feel others are getting good opportunities.
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2. BTD
BTD means to “buy the dip”. It suggests buying a cryptocurrency when its price drops, in the hopes of profiting in future.
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3. Cryptojacking
Cryptojacking is a crypto crime which involves stealing a computer for mining cryptocurrency.
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4. Bitcoin Maximalist
A Bitcoin maximalist is someone who thinks Bitcoin is best than all other cryptocurrencies.
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5. DYOR
DYOR is an abbreviation used for “do your own research”. It is a reminder for crypto investors to conduct their own due diligence and investigate the potential risks of crypto investments.
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6. Mooning
Mooning describes a sudden and significant increase in the price of a cryptocurrency, along with high trading volume.
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7. Whale
A person who holds a very large quantity of particular crypto is known as a whale.
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