Over the last few months, the world of cryptocurrency has heated up significantly: The volatile price of bitcoin, ethereum, and other digital tokens has created and wiped out millionaires and billionaires from all over the world. Still, even for seasoned investors, there’s a lot of slang you have to know if you want to sound like an expert.
There’s a lot of jargon and some acronyms that are very particular to cryptocurrency enthusiasts and their communities. We’ve scrounged together all the cryptocurency slang we could find into digestable explanations, with the help of Urban Dictionary and other sources, so that the next time you see or hear someone say “DYOR and hodl lest you get rekt,” you might actually know what they’re talking about.
Or at least, you won’t come off like such a nocoiner. HODL, sometimes spelled out hodl or Hodl, started as a joke at a bitcoin fan’s expense.
In December 2013, a member of the official bitcoin message board made an apparently inebriated post with a typo in the subject line: “I AM HODLING.” He was trying to say that he’s “holding,” as in, hanging on to his coins for the long term, regardless of any short-term price changes.
The post became a meme, as bitcoin fans retroactively made it so HODL stands for “hold on for dear life.” The term is used to discourage selling when bitcoin prices fall, and to ride it out until they return to growth.. Read more from sciencealert.com…
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