While diamond hands is a trading ethos commonly identified in long-term market participants, paper hands is an ethos more apparent amongst swing traders and day traders.ĭiamond hands was an Easter Egg in our first film. Traders with paper hands typically have a low-risk tolerance for high-volatility tokens and tend to exit their positions early in order to prevent losses In contrast, a trader with paper hands will sell their position at the first sign of trouble.
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Traders with diamond hands don’t cave in and sell their tokens until the tokens have reached their full potential in the trader’s eyes The term signifies a high appetite for risk. A trader with diamond hands will hold on until the bitter end - regardless of market conditions.💎🙌 Diamond Hands/Paper Handsĭiamond hands and paper hands are terms used to describe the risk appetite of traders.
CryptosisĬryptosis refers to someone who strives to absorb every bit of information about crypto and won’t stop talking about it. Also referred to as ‘malicious cryptomining’, cryptojacking became a widespread problem during the 2017 crypto boom when Bitcoin and other cryptocurrencies’ prices skyrocketed. CryptojackingĬryptojacking is a type of cybercrime whereby a hacker co-opts an unsuspecting victim’s computing power to secretly mine cryptocurrency on the hacker’s behalf.
The idea is that the price will eventually bounce back and more than likely increase in value. The acronym stands for ‘buy the dip’, meaning to take advantage of the opportunity to lock in more crypto at a discounted price. BTDīTD is a phrase used to encourage buying an asset at a low market price. Bitcoin MaximalistĪs the name suggests, Bitcoin Maximalists believe that Bitcoin is the only cryptocurrency of value and the only digital asset worth supporting.
They may hold their position even when an asset’s value crashes to essentially zero, usually out of hope that its price will eventually bounce back (or simply out of fear of losing). Bagholderīagholder describes a person who holds onto their assets despite a continuous decrease in their value. WAGMI! (You’ll understand soon.) 28 Popular Crypto Slang Terms ApeĪpe or apeing is when someone buys a token or NFT shortly after it launches without previously conducting proper research. Keep reading as we round up some of the most common and bizarre crypto slang terms to help you keep up. If you’ve ever asked yourself, “What is a rug pull?” or are perplexed by acronyms like NGMI, IYKYK, and BTD - you’re not alone.
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