Wagmi, Fud, GM and Other Crypto and Nft Buzzwords

Did crypto lingo and non-fungible talk give you a headache lately? Then this blog will give you a pill to remove that headache.

List of NFT and Crypto Buzzwords

GM and GN: This just a simple means good morning and good night.

PFP: Profile picture – This simply describes your profile picture in one of your social media accounts, as now integrating Twitter to open-sea, which means that in some countries they allow Twitter to link one of your collections in NFT and make it your profile picture.

BUIDL: Whether it's NFT or crypto there's someone like you who wants to build and contribute. Alpha: It was divided into two definitions. In NFT it means an exclusive project that is widely known and in crypto, it refers to a very early-stage production process of a blockchain open for testing.

P2P: This is a way to exchange your crypto token for funds, to buy or sell it directly to another user.

HODL: This means that you will risk holding an NFT or crypto asset for a certain period.

FUD: Fear, uncertainty, and doubt – This is a common strategy to influence negatively by spreading false information.

Shiller/Promoter: It refers to who's promoting a crypto pr NFT project in communities like Discord or Twitter. The best example is someone on Twitter with a huge following saying that they can promote your project.

WAGMI: We're all gonna make it – It’s bullish behavior to commonly use in the NFT community like a discord server.

GAS: This is a transaction or processing fee that you will pay for every conversion or transfer you do.

Paper Hands: It's someone who buys and sell assets within a shorter period, either in minutes, hour, week, or months. They sell and buy with less to no pressure at all.

TA: Technical analysis – This is a common term for someone who’s a nerd at analyzing crypto charts.

Pump and Dump: Pump means that a specific crypto token increases the value while the dump is the opposite.

Bear Market: This means that most crypto tokens are decreasing their value.

Bull Market: This means that most crypto tokens are increasing their value, including the market cap.

Bag Holders: These guys are the one who buys and holds a large volume of crypto tokens.

FOMO: Fear of missing out – This is a feeling of being afraid to sell or buy a crypto asset because of false info you've heard.

JOMO: Joy of missing out – When you're happy when you didn’t buy a specific coin because the price of it drops.

Whale: This is a most respected crypto holder and trader. Maybe are in bitcoin holders 5 years ago.

Fish: Someone who has a small crypto asset.

DYOR: Do your research - Whether it’s for NFT or crypto projects you must do your research.

NFA: Not financial advice.

ICO: Initial coin offering – If you decide to launch a token this is what you will be doing.

Mint: It's making your NFT live and public for a very cheap price. Most of the time mint prices will be revealed days before the mint date.

FP: Floor Price - It’s the lowest or average NFT price on sale.

Moon: It's a prediction that the price of that NFT or crypto project will reach its highest peak.

RSI: Relative Strength Index – This shows if a crypto token is being oversold or overbought.

Rug Pull: This means that there’s someone who maneuvers a token and steals it. For example, crypto developers may abandon a project and run away with investors’ funds.

Dip: It means that the crypto asset has just price dropped.

Short and long: It's a trading option where you can get a huge profit if you correct your prediction that the value of a specific crypto will drop. On the other hand, long is just the opposite you'll get profit when you're right on your prediction that a specific crypto price will rise.

REKT: You get a huge loss from a trade.

Futures: This is a crypto trading option where there’s no limit on profits or losses. Either you win or you lose your investment.

Swing: This means that the price movement is moving upwards and downwards like a zig-zag.

Memecoins: These are the cryptocurrencies that are way far behind the traditional token, it has no utility, mostly inspired by memes and internet jokes.

Weak Hand: A coin holder who's prone to sell at the first sign of a dip in price, mostly happening for a newbie trader.

Reverse Indicator: Someone who always has a wrong move in predicting the price movements.

MCAP: Market capitalization - This is the total of the calculated value of a single cryptocurrency.

Altcoins: Alternative crypto token aside from Bitcoin and Ethereum.

Smart contracts: It's a code run into a blockchain that mostly runs on Ethereum network solidity. An agreement between buyers and sellers is written into lines of code.