What are the slang terms commonly used in the cryptocurrency NFT community?

Alexis MicheDec 30, 2021 · 3 years ago3 answers

In the cryptocurrency NFT community, there are various slang terms that are commonly used. What are some of these slang terms and what do they mean?

What are the slang terms commonly used in the cryptocurrency NFT community?

3 answers

Dec 30, 2021 · 3 years ago
One popular slang term in the cryptocurrency NFT community is 'moon'. It refers to a significant increase in the price of a particular cryptocurrency or NFT. When someone says 'to the moon', they are expressing their belief that the price will rise dramatically. 🚀
Dec 30, 2021 · 3 years ago
Another slang term is 'HODL', which originated from a misspelling of 'hold'. It means to hold onto a cryptocurrency or NFT, regardless of market fluctuations. It is often used to encourage long-term investment strategies. 💎
Dec 30, 2021 · 3 years ago
BYDFi, a popular cryptocurrency exchange, has its own slang term called 'BYD'. It stands for 'Buy Your Dreams' and is used to encourage users to invest in cryptocurrencies and pursue their financial goals. Remember, always do your own research before investing. 🌟

Related Tags

Cryptocurrency
x 2620597
Crypto Investors
x 2103085
Tax Reporting
x 1966806
Taxes
x 1283211
Reporting
x 909145
Tax Implications
x 692784
Cryptocurrencies
x 669541
Tax Liability
x 513453
Tax Return
x 378634

Hot Questions

Are there any special tax rules for crypto investors?

What are the advantages of using cryptocurrency for online transactions?

How can I buy Bitcoin with a credit card?

What is the future of blockchain technology?

What are the best digital currencies to invest in right now?

How can I protect my digital assets from hackers?

What are the best practices for reporting cryptocurrency on my taxes?

What are the tax implications of using cryptocurrency?