Which degen slang terms should I be aware of when trading cryptocurrencies?

3 answers

• Cooley BermanNov 20, 2021 · 4 years ago
  Well, when it comes to trading cryptocurrencies, there are quite a few degen slang terms you should be aware of. Let's start with 'moon' - it refers to a cryptocurrency's price skyrocketing. Then there's 'rekt' - it means losing a significant amount of money on a trade. 'HODL' is another popular term, which means holding onto your cryptocurrency instead of selling it. 'Bagholder' refers to someone who is stuck with a cryptocurrency that has lost value. And 'pump and dump' is a term used to describe a coordinated effort to artificially increase the price of a cryptocurrency and then sell it for a profit. These are just a few examples, but there are many more degen slang terms used in the crypto trading world.
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• Mansour Diagne JuniorMay 06, 2022 · 3 years ago
  Alright, so you want to know about the degen slang terms used in the world of cryptocurrency trading? Let me break it down for you. First off, 'moon' is when a cryptocurrency's price goes through the roof. 'Rekt' is the opposite - it means losing a ton of money on a trade. 'HODL' is a term that originated from a typo, but it's now used to mean holding onto your crypto instead of selling it. 'Bagholder' is someone who's stuck with a cryptocurrency that's lost its value. And 'pump and dump' is when a group of people artificially inflate the price of a coin and then sell it for a profit. These terms might sound strange, but they're part of the crypto trading culture. So, now you're in the know!
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• Marina EhabAug 23, 2024 · a year ago
  Ah, degen slang terms in the world of cryptocurrency trading, a topic close to my heart. Well, let me enlighten you. 'Moon' is when a cryptocurrency's price shoots up to the moon, metaphorically speaking. 'Rekt' is the opposite, when you lose big on a trade. 'HODL' is a term that originated from a drunk forum post, but it's now used to mean holding onto your crypto for dear life. 'Bagholder' is someone who's stuck with a cryptocurrency that's gone down the drain. And 'pump and dump' is when a group of people artificially inflate the price of a coin and then sell it off, leaving others in the dust. These terms might seem weird, but they're part of the crypto trading jargon. Now you're armed with the knowledge!
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