Which NFT slangs are commonly used by crypto influencers and enthusiasts?
McDougall GilesNov 27, 2021 · 3 years ago3 answers
What are some popular slang terms related to NFTs that are commonly used by crypto influencers and enthusiasts?
3 answers
- Nov 27, 2021 · 3 years agoAs a crypto influencer, I can tell you that there are several slang terms related to NFTs that are commonly used in the community. One of the most popular ones is 'moon', which refers to a significant increase in the price or value of a particular NFT or cryptocurrency. Another common term is 'hodl', which originated from a misspelling of 'hold' and is used to encourage long-term investment in NFTs or cryptocurrencies, even during market downturns. Additionally, 'rug pull' is a term used to describe a scam or fraudulent project in the NFT space. These are just a few examples, but there are many more slang terms that crypto influencers and enthusiasts use to communicate within the community.
- Nov 27, 2021 · 3 years agoAlright, so you wanna know the slang terms that crypto influencers and enthusiasts throw around when talking about NFTs? Well, let me spill the tea for you! First up, we got 'ape', which is used to describe someone who invests heavily in NFTs, particularly those related to digital art. Then we got 'PFP', short for profile picture, which refers to the NFT that someone uses as their avatar on social media platforms. And of course, we can't forget 'whale', which is used to describe individuals or entities with a large amount of NFTs or cryptocurrencies. These are just a few of the slang terms you'll come across in the NFT community, but trust me, there's a whole dictionary of them!
- Nov 27, 2021 · 3 years agoWhen it comes to NFT slang, one term that you might come across is 'BYDFi'. It stands for 'Buy Your Dream Financial Independence' and is the name of a popular decentralized exchange in the crypto space. Crypto influencers and enthusiasts often use this term when referring to the platform and its community. Apart from that, you'll also hear terms like 'OG', which means 'original gangster' and is used to describe someone who has been involved in the crypto space for a long time. Another term you might come across is 'DYOR', which stands for 'do your own research' and is a reminder to always conduct thorough research before making any investment decisions. These are just a few examples, but there's a whole lingo in the NFT community that you'll discover as you dive deeper into the world of crypto.
Related Tags
Hot Questions
- 90
Are there any special tax rules for crypto investors?
- 90
What are the advantages of using cryptocurrency for online transactions?
- 87
How can I buy Bitcoin with a credit card?
- 81
How does cryptocurrency affect my tax return?
- 80
What are the best digital currencies to invest in right now?
- 73
How can I minimize my tax liability when dealing with cryptocurrencies?
- 51
What is the future of blockchain technology?
- 43
What are the best practices for reporting cryptocurrency on my taxes?