Crypto Life’s Guide to Crypto Slang — Part 3
Welcome to the third and final instalment of Crypto Life’s Guide to Crypto Slang!
That’s right — it’s time for more weird and wonderful terms from the crypto world. So, let’s get right into it!
If you need a quick refresher, you can find our past guides below:
Ape
No, we’re not referring to the thousands of Bored Ape Club NFTs you see floating around.
But the term itself does link to NFTs themselves. Specifically, Ape or “Apeing”, is when someone buys a token or NFT shortly after it launches without doing their homework. Not the wisest move to make, to say the least.
Bagholder
Do you remember last time, when we talked about “Diamond Hands” and “Weak Hands”?
To briefly refresh you, someone with “weak hands” is known to exit a trade at the first sign of bearish behaviour. On the other hand, someone with “diamond hands” will hold onto their investments, even during bearish conditions.
So where does bagholder come into this? Well, like someone with diamond hands, a bagholder will also continue to hold their investments for a long period of time. However, the key difference is that a bagholder will keep holding on to their assets, despite a continuous decrease in their value. Their investments could even drop to zero, yet they’ll hold on in the hopes that the price will eventually bounce back.
Cryptojacking
Does this sound a bit sus to you? Well, you’d be right to think that way, because Cryptojacking is just as bad as it sounds.
Put simply, Cryptojacking is a cybercrime that involves an online threat hiding in a computer or mobile device and using its resources to mine cryptocurrency.
These kinds of malicious miners often appear from web browser downloads or rogue mobile apps and can compromise many types of devices, including desktops, laptops, smartphones and even network servers.
Cryptosis
Don’t worry, there’s no fatal crypto-related disease on the rise.
Rather, someone with “Cryptosis” is known to be keen to absorb every bit of information about a cryptocurrency project — so much to the point where they don’t shut up about it. Think of it like the crazed fangirls or fanboys of the crypto space.
GOAT
A term that’s become popular in online slang, including outside of crypto. You might see someone say “That show/song is goated” or “He/she is the GOAT” and could be scratching your head as to why these things are being compared to a farm animal.
But the truth is, GOAT is actually an abbreviation for “Greatest Of All Time”, and people use it in crypto for their favourite projects or tokens.
IYKYK
Another abbreviation, which is simply short for “If you know, you know”. You’ve probably heard this term outside of the crypto space before and implies that a post or message will only make sense to a few people. You have to be in on it to get it.
In crypto, the term can also be used to mock someone for sharing obvious or commonly known information. It’s essential to be fluent in sarcasm in crypto.
No-coiner
This doesn’t refer to people who don’t hold any crypto tokens. Instead, “no-coiner” is a derogatory term used to describe people who are highly critical of cryptocurrencies and don’t believe in their potential.
The negativity can be compared to FUDDERS of the crypto world — the only difference being that no-coiners believe that all projects — no matter how good or bad — are doomed to fail.
Vaporwave
We don’t mean the music genre or trendy aesthetic of the 2010s. Rather, the term “Vaporwave” refers to a cryptocurrency project that is still a concept, and doesn’t yet have a working product.
A Vaporwave project may take months or even years to be fully developed and available to the public. In some cases, it may not ever get developed at all, making it nothing more than a mere dream filled with Greek statues, glitchy art, retro computer graphics and slowed hypnotic music.
