Example phrases include “wen moon,” meaning, “when will value dramatically increase?” Or “Doge is mooning right now.” The word “moon” in crypto refers to the price of assets going up over a period of time. MOON - Dramatic increase in value (verb). For example, “The Cool Cats mint only cost 0.02 Ethereum!” Or, “I minted an Otherdeed NFT last week.” Phrase also can be used sarcastically or ironically, to refer to common or ugly NFTs. LOOKS RARE - Used to describe a rare NFT, which is one with rare traits. An excited phrase used to hype up and congratulate people, projects, or achievements. Since then, the intentional missing “HODL” has taken off and become a mantra of sorts for the crypto and NFT communities. HODL - This term originated from a BitcoinTalk forum post in 2013 titled, “I AM HODLING,” which was a typo for “holding.” (A common misconception is that HODL began as an acronym for “ Hold On for Dear Life ”-it did not.) The Bitcoin trader who wrote the post was referring to holding his position and not selling his Bitcoin. Used in NFT space to refer to “ Discord grinding ,” which is where, for some collections, users must frequently type or engage in a collection’s Discord server in order to get on said collection’s presale list. Used in gaming to refer to leveling up through mindless resource-farming. GRIND/GRINDING - Doing hard, tedious or boring work toward a goal. It’s often used as a signal the user is logging off for the night. It’s a term used to promote positivity, greet others, and build a sense of “community” among crypto and NFT traders in Discord servers, Telegram chats, and Twitter. Gas fees increase when there is more traffic. GAS - Transaction fees on Ethereum network. People critique others for “fudding” various coins and projects on the internet. Feelings of “FUD” are quite common in the volatile crypto and NFT market. This is an intentional, quirky misspelling of the word friend, but it's typically delivered with a warmer, youthful pronunciation and tone.įUD - Fear, uncertainty, and doubt. Floor prices can fluctuate wildly.įREN - Friend. Someone who is “diamond-handing” or has “diamond hands” has held-or hodled-their crypto or NFTs for a while.įP/FLOOR PRICE - The minimum “buy now” sale price for an NFT. NFT degens often prioritize buying and selling NFTs over other important life activities, such as school or work.ĭIAMOND HANDS - Holding onto an asset for a long time, through thick and thin.
DeFi degens and NFT degens typically live a “degenerate” lifestyle that involves high-risk trading, an obsession with crypto, and sometimes a lack of self-care habits. Example phrases include “My Bored Ape bags are holding strong,” “Don’t FUD my bags” or “I have a fat bag of DOGE.”ĭEGEN - A degenerate.
Degens love “apeing” into different projects.īAGS - Assets, typically in notable quantities. As a verb, it refers to “apeing” into something, which is buying a lot of something on a whim or without doing much research beforehand. Sincerely, me.”ĪPE - As a noun, it refers to Bored Ape Yacht Club NFTs. For example, “Dear anon, please don’t FUD my bags. The term is often used sarcastically and generally.
When someone uses “anon,” they're referring to a non-specific person. While Crypto Twitter (CT) has used many of these phrases for years, the decentralized finance ( DeFi ) and NFT communities have adopted many terms and created some more of their own.ĪNON - Anonymous person on the internet. It is typically accompanied by the emojisĭIAMOND HANDS contrasts with PAPER HANDS (an investor who sells as soon as the stock price starts to fall).The world of Web3 -a catch-all term referring to a next iteration of the internet that incorporates blockchain technology-has an overwhelming amount of slang, jargon, and acronyms. The term DIAMOND HANDS is in common use on the subreddit ( WallStreetBets WSB). (The implication being that someone with DIAMOND HANDS does not have to worry about being cut by the knife, because they are resilient enough to sustain the potential losses.)
DIAMOND HANDS investors are in it for the long haul and are not panicked by drops in their asset value or tempted to make quick gains when prices rise. Within the world of trading on the stock market and in cryptocurrency, DIAMOND HANDS is used to refer to investors who hold their position and refuse to sell. Search our site What Does DIAMOND HANDS Mean?ĭIAMOND HANDS means "someone who holds stocks adamantly."
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