Crypto Slang Terms and Words | Cryptoverse Guidance | Crypto Hotel

Crypto slang & words

YOLO of course means “You Only Live Once.” On WallStreetBets, investors use this acronym in reference to speculative investing when putting money in an investment that they hope to increase in price.

IRL means „In Real Life.“ The abbreviation IRL is used with the meaning „In Real Life“ to differentiate between the virtual world (i.e., the internet) and reality. IRL is used to differentiate between the online world and reality

Blockchain is an online list containing information that can be used and shared within a large network open to the public. The technology permits pieces of information to be checked and stored safely. An NFT can be attached to a piece of digital artwork or other things existing in digital form. The NFT can be used to provide proof that the pieces are authentic. This is what permits digital artwork to be bought and sold. While anyone can view the work, the buyer has official ownership rights over the objects.

Decentralized Applications (DApps)
Decentralized applications—also known as „dApps“ or „dapps“—are digital applications that run on a blockchain network of computers instead of relying on a single computer. Because dApps are decentralized, they are free from the control and interference of a single authority. DApps can run on a P2P network or a blockchain network.

HODL is short for “hold on for dear life” and it’s a popular term among crypto investors. HODL is anchored in the traditional buy-and-hold investment strategy. ‚Hodl‘ is the most iconic meme that exists in Bitcoin today. It is both timeless, beloved and demands appreciation from all crypto lovers. If you own something with value, you hodl it – and don´t give up on it.

NFT = Non-fungible Token
NFT stands for a non-fungible token. An NFT is like a unique digital certificate tied to a unique digital asset. It is something that only exists in the digital world. It is based on a technology called blockchain, which is also used with digital currency systems known as cryptocurrency.

Crypto stands for Cryptocurrency. Cryptocurrency is digital money. That means there’s no physical coin or bill — it’s all online. You can buy cryptocurrency with a credit card or, in some cases, get it through a process called “mining”. Cryptocurrency is stored in a digital wallet either online, on your computer, or other hardware.

Private Key
A private key is an extremely large number that is used in cryptography, similar to a password. Private keys are used to create digital signatures that can easily be verified, without revealing the private key. Private keys are also used in cryptocurrency transactions in order to show ownership of a blockchain address.

Diamond Hands
diamond hands refers to someone who has a high-risk tolerance for high volatility stocks or assets that they own. Holders of the stock or crypto continue holding until the stock becomes valuable, like a diamond. We believe in diamond hands. Diamond hands is a term that has been popularized by the cryptocurrency community. When you have “diamond hands” it means that you hold onto an investment no matter what. You don’t cave under pressure and sell stocks, essentially.

In the cryptocurrency world, airdrops are a common marketing stunt that involves sending free crypto tokens or coins to people with the goal of promoting a new virtual currency. It’s similar to receiving a coupon from a new shop or getting a free drink from a new restaurant. Specifically, a crypto airdrop is a small amount of a new virtual currency that’s sent to cryptocurrency traders’ wallets. Small amounts of the new virtual currency are sent to the wallets of active members of the blockchain community for free or in return for a small service, such as retweeting a post sent by the company issuing the currency.

Mooning means going to the moon. So when it comes to crypto, “mooning” basically means that a cryptocurrency’s valuation is “going to the moon” — experiencing a significant spike in price and volume. If you were to look at crypto charts, it would appear that the mooning asset’s value has taken a sharp turn up and to the right. When users say a stock is going „to the moon“ or „mooning,“ it’s often accompanied by rocket ship emojis. They’re referring to a stock rising in price or their belief that a stock will rise in price.

Mooners means people going to the moon. When users say a stock is going „to the moon“ or „mooning,“ it’s often accompanied by rocket ship emojis. They’re referring to a stock rising in price or their belief that a stock will rise in price.

Stands for Fear of missing out. When FOMO is used in the cryptocurrency world, it means an obsessive phobia of missing a profitable opportunity. The slang, surprising to know, has been added to the Oxford English Dictionary.

FUD (Fear, Uncertainty, and Doubt)
This term is used in the cryptocurrency world to describe a psychological trick used to spread doubt and fear, which could cause a certain coin, or the entire cryptocurrency space to drop in price

“Whale” is used to describe an investor who owns five percent or more of a particular cryptocurrency’s coin in circulation. For instance, a whale in Bitcoin will be someone who owns 5% or more of Bitcoin’s 18,713,700 circulating supply. This whale would be someone who owns at least 935,685 units of bitcoin.

This is short for “Satoshi,” the pseudonym used by the bitcoin creator. It refers to the smallest unit of bitcoin stored on the blockchain. Satoshi refers to one hundred millionth bitcoin (0.00000001 BTC).

Proof of work
Proof of work (PoW) is a decentralized consensus mechanism that requires members of a network to expend effort solving an arbitrary mathematical puzzle to prevent anybody from gaming the system. Proof of work is used widely in cryptocurrency mining, for validating transactions and mining new tokens.

To suffer losses from coins that have dropped in value.

Someone holding onto a coin that has plummeted in price. A bag holder is an informal term used to describe an investor who holds a position in a security that decreases in value until it descends into worthlessness. In most cases, the bag holder stubbornly retains their holding for an extended period, during which time the value of the investment goes to zero. Don’t be a bagholder.

White Paper
A white paper is a report or guide that informs readers concisely about a complex issue and presents the issuing body’s philosophy on the matter. It is meant to help readers understand an issue, solve a problem, or make a decision. White papers are also content designed to promote the products or services from a specific company. As a marketing tool, these papers use selected facts and logical arguments to build a case favorable to the company sponsoring the document. B2B (business-to-business) white papers are often used to generate sales leads, establish thought leadership, make a business case, grow email lists, grow audiences, increase sales, or inform and persuade readers. The audiences for a B2B white paper can include prospective customers, channel partners, journalists, analysts, investors, or any other stakeholders.

Guidance of Cryptoverse, Crypto Slang Terms, and Words

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