Cryptocurrency Lingo

credits: Pixabay

“All slang is metaphor, and all metaphor is poetry”.Gilbert K. Chesterton

  1. Bag: This refers to a specific quantity of a cryptocurrency. For example, I have bags of Litecoin, etc.
  2. Bag holder: This is a trader who holds large quantities of crypto.
  3. Shilling: This is the act of promoting a cryptocurrency or an ICO to encourage more people to buy to maximize your profits. Usually known as shilling your bags.
  4. REKT: This is derived from the word wrecked, and it refers to a bad loss in trade due to a sudden fall in price.
  5. Sh*t coins: This refers to useless coins which have entirely lost their value.
  6. Noobs: These are new crypto traders who have limited knowledge in crypto trading.
  7. DYOR: This stands for Do Your Own Research. This refers to due diligence before investing your money in crypto.

If you are a noob please DYOR. Otherwise, you will end up buying Sh*t coins and getting REKT.

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Blockchain software developer, crypto analyst, bubble chaser founder@ www.defianalytica.com

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Chris Kilonzo

Chris Kilonzo

Blockchain software developer, crypto analyst, bubble chaser founder@ www.defianalytica.com

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