hey-hey! Recently, I heard that many friends have entered the world of cryptocurrency, but they asked with a confused look: “What is GM? Why do people in the currency circle say ‘to the moon’?” Don’t worry, this article will take you there. Get immersed in cryptocurrency insider culture and familiarize yourself with the confusing terminology. I will explain it in the simplest and most understandable way, so that even if you are a newbie in the currency circle, you can easily chat with the masters in the currency circle.
Revealing the secrets of cryptocurrency culture: Understand these terms and you will be able to integrate into this wonderful world
When you first step into the currency circle, you will find that what everyone speaks is like a brand new language - yes, this is the culture of the currency circle. People in the currency circle have their own unique style of speaking, and even a unique way of greeting, such as “gm”, which is actually the abbreviation of “good morning” and is a friendly daily greeting among people in the currency circle.
When you delve further into the currency circle, you will find that the word “hodl” is frequently mentioned by everyone. Its original meaning is “hold”, but once someone in the forum made a typo and wrote “hodl”, and this misspelling turned out to be It has become a cultural symbol that represents insisting on holding one’s own assets no matter how the market fluctuates. Many people also say “LFG”, which means “Let’s f***ing go!” to express excitement and enthusiasm for a certain encryption project.
In the currency circle, you must often hear some descriptions of market sentiment, such as “moon” or “rekt”. When the price of a certain currency skyrockets, people in the currency circle will shout “to the moon”, which means that the price has soared to incredible heights. “rekt” comes from the English “wrecked”, which means suffering huge losses and describes the tragic situation of a person losing money due to improper operations. These terms all show the unique and personalized culture in the currency circle, and also make the entire cryptocurrency world full of drama and tension.
A collection of common terms in the currency circle: explain these terms to help you easily enter the crypto circle
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GM: It means “Good Morning” and is a greeting among people in the currency circle. The word reflects the friendly atmosphere in the crypto community and is often used to express support and positive energy.
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DYOR: means “Do Your Own Research”, do your own research. This is an important concept in the currency circle. Investors are reminded not to blindly follow the trend, but to do their own research before making a decision.
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FOMO: It means “Fear Of Missing Out”, that is, the fear of missing out on an opportunity, especially when the price of a certain currency is seen rising, it can easily arouse investors’ desire to buy.
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HODL: Originally a misspelling of “hold”, it means holding for a long time and not selling the cryptocurrency in your hand no matter how the market fluctuates. It is a belief in the face of fluctuations.
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BTD/BTFD: These two terms are the abbreviation of “Buy The Dip”, which means that when the market price drops, it is a good opportunity to buy. For many people, this is a common strategy for growing wealth.
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Ape: This word in the currency circle refers to a kind of behavior without thinking, which refers to investors buying based on impulse. This is also a specific manifestation of FOMO.
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Rekt: This is a slang term derived from “wrecked”, which means losing money miserably. It usually describes someone’s mistakes in market operations that lead to serious losses.
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KYC: This is the abbreviation of “Know Your Customer”, which means the verification of user identity, which is usually required when opening an account on an exchange. This is a regulatory requirement to prevent illegal activities such as money laundering.
These are just some of the common terms in the currency circle. There are many other terms, such as “FUD” (Fear, Uncertainty, and Doubt) to describe negative emotions in the market, “DAO” (Decentralized Autonomous Organization), which stands for decentralized autonomous organization. These terms are an integral part of the cryptocurrency world, and understanding them can help you better integrate into this rapidly changing market.
The end of regaining currency culture
The currency circle is a place full of innovation and challenges. With the development of technology, not only new technologies, but also new terminology are constantly emerging. By understanding these terms, you will find that the cryptocurrency world is not that difficult to understand. As long as you take the time to familiarize yourself with the culture and keep an open mind, you can find your own role in this world.
Moreover, in the cryptocurrency community, understanding these terms will not only help you master information, but also make it easier to interact and communicate with the cryptocurrency community. You’ll no longer be confused when others type a bunch of abbreviations in a group chat, and you’ll be able to easily join their discussion. This kind of familiarity with the language can not only help you get more information, but can even make you more confident in investing.
The world of cryptocurrency is like a sea, and these terms are like a compass to help you navigate it with more peace of mind. Whether you are new to the cryptocurrency industry or want to understand the world more deeply, as long as you keep these terms firmly in mind, you will be able to gain a firm foothold and move forward with the trend of the cryptocurrency industry. LFG! (Let’s F***ing Go!)
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About LayerPixel：
LayerPixel is an all-in-one DeFi protocol designed specifically for the TON blockchain and seamlessly integrated with Telegram Mini Apps. Leveraging a modular architecture, LayerPixel overcomes the asynchronous limitations of TON while harnessing its sharding benefits.
At the core of the LayerPixel ecosystem are several innovative components:
- PixelWallet - An SMC wallet with Account Abstraction (AA) features, enabling users to interact with dApps and the LayerPixel ecosystem with ease.
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- Pixacle - A decentralized oracle solution delivering fast and accurate price data to dApps and smart contracts.
LayerPixel’s future plans include becoming a cross-chain solution to power DeFi experiences across all Telegram Mini Apps. By providing an all-in-one platform, LayerPixel aims to make blockchain-powered finance accessible to everyone within the TON ecosystem.
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