A Hodling State of Mind: Crypto Slang & Speak

Crypto vernacular is becoming more common. Once only for insiders on coin forums and chatrooms, crypto terms and phrases are now openly used on such popular mediums as CNN and popular programs.

HODLING

What is hodling? Basically it means to invest in a coin and hold on to it in the hopes it will grow in value. A drunk guy coined the term in 2013 while ranting on a crypto forum one night. He meant to type holding but even though the drunk mind speaks the sober heart, the drunk fingers do not a correct word spell.

In this case, however, his inebriated digits clicked their way through the viral interwebz and the rest is, well, history. Hodl, and it's variations- hodling, hodler, hodlor, hodl-ahy-hee-hoo, are now common and used thousands of times a day across the web.

MOON

To the moon, Alice! Mooning is when the price of a coin is experiencing a sharp spike. In December when SBD shot up, it was "going to the moon." "STEEM will go to the moon in 2018" means the value will rise.

SATS

You can score with these SATS even if you cannot spell your own name correctly. In cryptospeak, Sats are Satoshi-
or the smallest fraction of a bitcoin. One Satoshi is 0.00000001. They are named after Satoshi Nakamoto, the creator of Bitcoin.

Whale

A whale is a person who owns a large amount of cryptocurrency. Like hundreds of thousands or more. A whale on Steemit is the user you hope swims by your post and invests one second of their time to click Upvote. A single whale vote is worth hundreds of dollars or more.

FUD

FUD is simply Fear, Uncertainty and Doubt. Crypto coins can fill noobs with FUD, which is completely understandable as with fear of anything unknown.

ATH

All Time High

FOMO

Fear Of Missing Out

Bagholder

A bagholder is the one left holding a large amount of cryptocurrency after a dip. Usually they invested during a spike, and when the price of that coin suddenly dipped they must hold or risk losing a large investment.

This is by no means an exhaustive list of terms. As cryptocurrency becomes more mainstream, expect more words and terms to describe this amazing frontier!

Have you heard any new phrases or terms that should become mainstream? Share in the comments!

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