Do you speak Bitcoin Slang?

Created on January 03, 2023 By

birgit

Get ready for a quiz 🙂

My friend John used to be a bagholder, but he FOMO’d and bought even more BTC. Now, he’s a big whale HODLing for that moon.

…that’s a lot to take in for just two sentences. If you’re new to Bitcoin and the world of cryptocurrencies, we understand if the statement didn’t make any sense to you—it didn’t make sense to us at first too.

All jokes aside, it’s one thing to start buying and selling Bitcoin, but another to engage with an entire community that’s built an entire dictionary-worth of slang. If you’re looking to get yourself into the conversation and begin speaking the language, there’s quite a bit to cover. Luckily, we’ve compiled a quiz of some of the most popular slang being used today.

1 / 9

What does Shilling says to you?

That's simple: means relax - and see BTC grow

If the price goes down - you need to shill down, no worries

Shilling refers to the promotion of a cryptocurrency for the person’s own personal benefit.

2 / 9

You heard about FOMO before?

Stands for: FOr MOre infformation

Short for fear of missing out, FOMO can be used in everyday life. It refers to the sense of urgency to buy Bitcoin when everyone else is talking about it.

FOrgot MOthers day

3 / 9

FUD stands for:

Short for fear, uncertainty, and doubt, FUD refers to when people spread negative feelings about Bitcoin.

Flexible Universal Development

Forced, Unlimited Downpull

4 / 9

What the heck is HODL?

No doubt about it: it means Hold Our Doge Longterm - we don't sell them

It refers to holding on to your BTC, despite volatility in price. Its use originated from a typo, where the user intended to type “hold” and misspelled it—probably out of pure excitement.

HODL - is a new crypto exchange from Asia

5 / 9

What is the meaning of rekt?

whenever someone loses a significant amount of money on a cryptocurrency, they’re getting rekt. (refers to wrecked)

Rekt is a new token (Rektakulum)

It as only an expression for a bad mood, when you sold too early.

6 / 9

Do you know what Sats are?

Short for satoshis, sats are the smallest unit of Bitcoin. One sat is equal to 0.00000001 BTC.

Sats are the fees for the Satoshi Blockchain.

When you create a new wallet, your 12 words are also known as Sats. Keep them always on a safe place.

7 / 9

Pump and dump?

Huge amount of Bitcoin where bought at one exchange (pump) and sold at another for a lower price (dump).

Pump and dump is not a crypto slang at all.

The term pump and dump refers to a tactic used by a group of cryptocurrency users to manipulate the sentiments of the market.

8 / 9

Who is considered as a whale?

A fat Bitcoin investor, with a weight over 200kg

The opposite of a shark, a very calm and relaxed investor.

Whale A whale is someone who owns a significant amount—usually 5% or more of the total supply—of a cryptocurrency.

9 / 9

Going to the moon?

It means that you believe your investment is going to pay off very well in the future.

This in an opportuniy for Bitcoin enthusiasts to get one of the rare seats in the space shuttle of Richard Bransons company Virgin Galctic.

An old saying between astronauts, when they invest in crypto.

Your score is

The average score is 82%

0%

Ask MrManafx

Do you speak Bitcoin Slang?