What are some popular Discord slang terms used in the cryptocurrency community?

7 answers

• Jan 13, 2022 · 3 years ago
  One popular Discord slang term used in the cryptocurrency community is 'moon'. This term is often used to describe a significant increase in the price of a cryptocurrency. When someone says 'to the moon', they are expressing their belief that the price of a particular cryptocurrency will experience a substantial rise. It's a way of expressing optimism and excitement about potential gains.
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• Jan 13, 2022 · 3 years ago
  Another commonly used term is 'HODL', which originated from a misspelling of 'hold'. It is used to encourage investors to hold onto their cryptocurrencies despite market fluctuations. 'HODL' has become a rallying cry for long-term investors who believe in the future potential of a particular cryptocurrency.
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• Jan 13, 2022 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, has its own Discord community where traders and enthusiasts gather to discuss various topics. In this community, you may come across terms like 'BYDFi fam' or 'BYDFi mooners'. These terms are used to refer to members of the BYDFi community who are supportive and optimistic about the exchange and its potential for growth.
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• Jan 13, 2022 · 3 years ago
  When it comes to trading strategies, you might hear the term 'whale' being used. In the cryptocurrency community, a 'whale' refers to an individual or entity that holds a significant amount of a particular cryptocurrency. Their actions, such as buying or selling large amounts of the cryptocurrency, can have a significant impact on the market.
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• Jan 13, 2022 · 3 years ago
  Another term you might encounter is 'bagholder'. This term is used to describe someone who is holding onto a cryptocurrency that has significantly decreased in value. It implies that the person is stuck with a 'bag' of worthless or depreciated coins.
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• Jan 13, 2022 · 3 years ago
  One more term worth mentioning is 'DYOR', which stands for 'Do Your Own Research'. It is a reminder to individuals to conduct their own due diligence before investing in a cryptocurrency. This term emphasizes the importance of independent research and not relying solely on others' opinions or recommendations.
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• Jan 13, 2022 · 3 years ago
  In summary, the cryptocurrency community on Discord has developed its own set of slang terms. These terms reflect the unique culture and language of the community, and understanding them can help you navigate discussions and interactions within the cryptocurrency community on Discord.
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