21 C
Saturday, September 26, 2020

What Is HODL, FUD or FOMO in Cryptocurrency? The Beginners Guide to Crypto Slang

- Advertisement - data-full-width-responsive="false">

The blockchain and cryptocurrency frenzy is here to stay people! So if you’ve been watching it from a distance waiting for the high crypto fever to go down, then you might end up waiting forever. In fact, expecting the cryptocurrency bubble to burst is like expecting unicorns to flood your backyard.

- Advertisement -

In other words, that is not happening anytime soon. If anything, more and more cryptocurrencies are now joining the market and more investors including celebrities like Jaimie Foxx continue to join this world.

Thanks to its growing popularity, this world is also developing some of its unique vocabularies such as DILDO, HODL, and SHITCOIN and many other terms which if you are an outsider might seem like Greek to you. Fortunately, you don’t have to float because we got you with our list of crypto terms and slangs below.


This is one of the most popular crypto slangs around and there’s no doubt you’ve come across it more times than you can recall. Chances are that you thought it’s a typo for HOLD but it is really a word on its own. It’s a popular crypto slang which means hold on for dear life. Most crypto holders use it when the coins they have in their possession are at their all-time lows.

They use it to say that despite the low value, they believe that soon if not today or tomorrow it will rise above the ranks again and become profitable and only then will they sell it. Tricky, huh? If you think so then prepare to be amazed by weird slangs which follow below.


You are probably thinking that this one has a bad or nasty meaning behind it but that’s not the case. It only refers to a coin which is of no value. A coin becomes worthless when it launches and becomes successful till it reaches a certain point and the price remains constant. Then suddenly its price skyrockets over a short period attracting hordes of investors and this again spell trouble because it plummets when they try to sell it. Thus becomes worthless.


No! It’s not related to food in any manner. In fact, this crypto slang refers to something entirely different. It’s a simple abbreviation for fear, uncertainty, and doubt. It is often used to refer to people who are afraid of investing in cryptocurrency because they are concerned that it might crash causing them losses. For instance, you might hear someone say HODL your coins even though there is plenty of FUD moving around. That simply means, hold on to your coins, despite the fear, uncertainty, and doubt that other investors are having.


This crypto slang refers to someone who owns a lot of cryptocurrencies. For instance, a person who has a lot of bitcoins or Ethereum in their possession. Such people often play a significant role in the patterns of cryptocurrencies because if they sell many coins from their possession they often cause the prices to plummet by flooding the market with an excess supply. On the other hand, if they fail to sell their stakes then the price goes up because the demand increases.


This simply refers to long red or green candles

Pump and dump

The pattern of this coin appears as if it has been pump and dump. This is another statement you will hear more often. Pump and dump mean the same just as they sound. It refers to a situation in which a group of crypto holders come together and purchase many cryptocurrencies causing their market value to go up and then dump at the same time which means they all sell it causing it to hit low prices and lose value.


These are schemes that are often carried out through phone applications when someone is scheming to bring a certain coin down. Therefore, you should be careful when you notice a sudden surge in a certain coin as it might be one of these schemes.


This is a bitcoin alternative. With the increasing trend of cryptocurrency and ICO’s, there are myriads of altcoins in the market currently.

Dead cat bounce

This refers to a temporary recovery in prices or in the value of a coin after a massive nosedive

Bag holder

This is an investor who happens to find him/herself holding a particular crypto coin for a prolonged period and now they have to deal with the mess they’ve put themselves in. At times an investor can find him/herself a bag holder due to pump and dump.


This refers to ordinary currency or in other words money that is backed up by the government because crypto coins are not backed with any legal entity and the government has no power over them.


This refers to a market trend in which the coins are rising in value increasing the demand and encouraging other traders to buy them.


Not a favorite word to most people but don’t get it twisted. It simply means that the coin is experiencing a spike in prices.

Noobs means predictable



A shared ledger in which all the transactions carried out are permanently recorded and cannot be interfered with.



It’s an acronym for fear of missing out. It simply refers to the fear of missing out on great profit which comes as a result of an investment choice.


This is simply Do Your Own Research. This term is quite familiar to the novices as they ask for the solutions instead of advice.


It is more like a typo of the word wrecked. It is often used to refer to an investor who is undergoing massive losses when the coin they had invested in hits massive lows.

In a nutshell

Learning the ropes of the complex cryptocurrency world can be quite an exhilarating task thanks to the technical words and jargon that it packs. Even though we may not have listed all of them, you are now aware of the most popular and common ones to get you going.

- Advertisement -
Kingsley Felixhttps://kraftysprouts.media
Based in Port Harcourt, Nigeria. I am the founder of Krafty Sprouts Media, LLC (US), i make sure thing run smoothly and well organized in our organization. Follow me on my social media platforms.
- Advertisement -

Trending Now

Understanding the Technology Behind Drones

Over the past years, drones have become very popular. They became relevant to the functions of various businesses, as well as government organisations. Their mass...
- Advertisement -

Startimes Subscription Prices, Packages and Channels List in 2020

StarTimes Nigeria is one of the popular cable TV providers in Nigeria. This service is a subsidiary of a Chinese based company...

10 Best Places to Download Bollywood Movies

Do you spend hours watching Bollywood movies as I do? Have you been in search of the perfect sites to download the...

Big Brother Naija 2020: How to Vote Using MyDStv, MyGOtv App?

Big Brother Naija pepper dem has been everything hot and spicy since it started, and Big brother keeps serving us the viewers...

7 Best Offline Racing Games for Android Users in 2020

Are you a real gamer? If you are one, then you will know how exciting it can be to experience the adrenaline rush that...

GB WhatsApp, WhatsApp Plus and OG WhatsApp Tips and Tricks

Checkout the new GB WhatsApp Tutorial. Hello, welcome to WhatsApp Plus, OG WhatsApp and GB WhatsApp tips and tricks. For the sake of this article,...

9+ Infinix Phones With Best Camera in 2020

People purchase smartphones for different reasons, and it is no brainer that the camera specifications is one of the features they look out for...

Best Low Size PC Action Games For Your Old PC/Laptop With Low Specs

Gaming time is one our favorite time and nothing beats the ability to play high-quality games on our PCs but like some of our...

How to Recover Lost Snapchat Account?

Losing a Snapchat account can be disastrous as many of us use the Social for private purposes and its privacy oriented features. Forgetting passwords...

DStv Channels List, Packages and Prices in 2020

Thousands of people in Nigeria have put their trust in DStv to provide them with the very best of television shows and programs. DStv (Digital...

22 Smartphones With the Highest Screen to Body Ratio in 2020

Screen to body ratio on a smartphone screen recently turned into an important thing to consider when comparing smartphones. It became more...
- Advertisement -

Related Posts

How to use iPhone as a Webcam with various Easy-to-use Apps?

We are in the 21st and regardless of how we try to deny it, the advanced technology is at its best and surprisingly, it's...

Full Emojis List and Their Meaning in 2020

In 2020, it has become increasingly difficult for people to express themselves online without using an emoji. Well, using an emoji is a much...

How to Appear Offline on Instagram?

If you're the type of person who loves to stay off the radar when surfing the internet especially the social media, then you will...

Introduction to Data Plans (Mobile Data and Subscriptions)

All the time, people whine about their data plan being exhausted and the cost of internet data bundle. Those who operate in the postpaid...

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.