Crypto Lingo: BTFD, dApp, FUD and more

Cryptocurrency Terms to Know

Want a crash course on crypto culture? We’ve got you covered. Crypto is quickly climbing its way from the fringes to the mainstream. Celebrities like Reese Witherspoon, Tom Brady, Steph Curry and countless others are taking part in the crypto craze. Mayors of New York and Miami are declaring their cities as crypto capitals. Professional athletes like Greenbay Packers QB Aaron Rogers and PSG superstar Lionel Messi are asking for crypto compensation, and landmark stadiums are being renamed for their crypto sponsors. But it’s not only the bigwigs who are taking part in crypto mania.

In the last year, crypto-related job postings have skyrocketed nearly 400%, far faster than the 98% of run-of-the-mill tech jobs over the same time period. Additionally, 7 out of 10 crypto investors started in just the last year, marking a massive leap of regular armchair investors into the crypto space.

But when it comes to really understanding crypto culture, it’s important to decode DeFi (“decentralized finance”) slang. Where to start with crypto lingo? Here are the hottest crypto terms you need to know now.

Learn the Crypto Lingo

Bitcoin Maximalism (noun) - Belief that Bitcoin is the singular cryptocurrency of the future and superior to all other cryptocurrencies.

“Buy the f***ing dip” or BTFD (verb) - Cheer for crypto loyalists that encourages fellow investors to purchase more crypto when the price plunges.

dApp (noun) - Abbreviation of “decentralized app,” or any application of blockchain and/or cryptocurrency in the form of communication platforms, mobile games, social media sites or more.

Diamond hands (noun) - Slang expression for when someone holds on to an investment in the face of risk and volatility; or an investor who refuses to sell despite the likelihood of losing value.

FUD (noun) - Crypto speak for “fear, uncertainty, doubt,” or bad news that can potentially depreciate the value of an asset.

HODL (verb) - Purposely misspelled internet slang for “hold and do not sell.” Derived from internet lore when an early Bitcoin trader mistakenly wrote “hodl” in a chat forum, meaning “hold” and not sell. Bitcoin enthusiasts have adopted the term when the cryptocurrency falls in value, encouraging each other to show their bitcoin loyalty and hang on to their coins despite volatility.

Rekt (adjective) - Crypto-speak for “wrecked,” or when a trader suffers substantial losses.

“To the moon!” 🚀 (expression) - Popular crypto excitement indicating that the price of a certain cryptocurrency is likely to skyrocket, often denoted with a rocket emoji or moon meme.

Like cryptocurrency itself, the culture around DeFi is constantly evolving. Everyone from die-hard crypto investors to those still watching from the sidelines are following along for the wild ride. While your kids may be young now, it's good to be “in the know” as crypto is here to stay. With an understanding of how crypto is rolling into the mainstream and a primer on crypto lingo, anyone with an interest in digital currency can get a handle on crypto culture.

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