Bitcoin addresses, excluding Miners and Exchanges, that have received 2+ non-dust Bitcoin transactions and have NEVER spent the Bitcoin. They simulate real-world scenarios but in a test environment where mistakes or bugs are a part of the testing before the mainnet is released. ’ (also often spelled as ‘Wen Lambo?’) translates to ‘When will you buy a Lamborghini? ’ It’s often used ironically to mock people focusing only on a coin’s price. The crypto community uses the acronym to inspire positivity and confidence in a project. It also encourages the community to support each other and not lose hope.
Fiat Currency
An API is used to connect two applications through computer programming and let them talk to each other and send information. For example, every time you send a message, post an image, or download a new app, an API is used to make that possible. An API is connected to the internet and sends data to a specific server. This server then performs an action that sends the data through the API and creates a readable format for us humans to understand.
- Saylor highlighted that MicroStrategy’s strategy involves consistent, quarterly acquisitions of Bitcoin, independent of short-term price movements.
- The meme became so popular that it inspired the creation of Dogecoin, a cryptocurrency that started as a joke but has since gained serious traction.
- Jeet is slang for “did you eat?” but used in crypto to ask if someone made significant profits.
- “Anon” has become a popular way of addressing readers in crypto since most are anonymous.
other crypto slang terms to know
Sometimes shill accounts are revealed to use their followers as exit liquidity for tokens they promoted. Lambo is short for a Lamborghini, which quickly became a status symbol of success in the community. In the early days, many who made easy money in crypto purchased lambos to show off their newly acquired wealth. ” to ask when an investment will finally pay off or be worth enough to buy a lambo. This way, if you have diamond hands, you have a high appetite for risk and are willing to HODL until the bitter end, no matter the market. Conversely, if you have paper hands, you have a low-risk tolerance and will sell your position at the first sign of trouble.
Moon
Otherwise, it can be used ironically to describe someone who either doesn’t understand anything in crypto or has taken a negative stance on something crypto-related. WAGMI, on the other hand, promotes optimism and is often used to inspire a fellow trader. NFA, or “not financial advice,” is a phrase used as a disclaimer by individuals who don’t want to be liable for any consequence of their advice.
EVM stands for “Ethereum Virtual Machine,” the core and backbone of the Ethereum blockchain. EVM consists of hundreds of thousands of individual nodes that create a run-time environment for all Ethereum accounts and smart contracts. A bear market is a falling market that makes the majority want to sell. Bearish investors are typically pessimistic as they think prices will fall shortly. An address (addy) is a string of alphanumeric characters identifying a wallet. You use your address along with your private key to make transactions.
Player Payout
A type of crypto scam that starts with the scammers creating and promoting a new scamcoin. Once they’ve collected investors’ money, they pull the rug and walk away—leaving investors with little or nothing https://investmentsanalysis.info/ (in other words, the people getting scammed are bag holders). Before investing in cryptocurrency, you should do your own research (DYOR) and make sure you understand where you’re sending your money.
A P2P network connects nodes together like a spiderweb to ensure that there is no single point of failure preventing data transfer between network participants. Miners solve complex math problems to earn rewards and in turn ensure the Blockchain networks are kept verified and secure. A hash function produces a deterministic, non-invertible, and collision-resistent cryptographic digest to make mining more efficient and difficult to reverse engineer. Downside risk calculation measured by Bitcoin’s realized price minus the life-to-date moving average. Bubbles can pop and cause the price of a crypto to burst and come down rapidly when the price is higher than the value.
Early users who sign up for the project are given free cryptocurrencies through so-called airdrops. To receive an airdrop you need a cryptocurrency wallet and sign up for a new cryptocurrency project that issues an airdrop event. Once the airdrop event has received enough signups, the airdrop is issued and all new members will receive their tokens. In some cases, the company behind the airdrop will ask for a small service in exchange for the tokens but usually, it’s free. “Pump and dump” is both slang (in bitcoin and in stocks) and a serious issue.
This post is meant to be an educative read for those of you who are new to cryptocurrencies and blockchain. These crypto terms are commonly used in everyday crypto talk and you should know at least a few of them to keep up with discussions on forums or with friends. Take Crypto slang your time to read a couple of them to get familiar with the crypto jargon and find out what the blockchain experts are talking about. We use this crypto lingo every day in the office so it’s time for you to start studying to pick up some new vocabulary and crypto words.