# Slang

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**Good to know:** Not encouraging anyone to try to "Hello fellow kids" outside their comfort zone, but no one wants to be the last to know.&#x20;
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[A](#a) [B](#b) [C](#c) [D](#d) [E](#e) [F](#f) [G](#g) [H](#h) [I](#i) [J](#j) [K](#k) [L](#l) [M](#m) [N](#n) [O](#o) [P](#p) [Q](#q) [R](#r) [S](#s) [T](#t) [U](#u) [V](#v) [W](#w) [X](#x) [Y](#y) [Z](#z) [#](#undefined)&#x20;

## A

**Airdrop** - When coins or tokens are distributed en masse to a group of wallets

**Alpha** - Insider information.

**Altcoin** - Pretty much any crypto that isn't Bitcoin.&#x20;

**Anon** - You, anonymous community member.&#x20;

**ATH** - All-time high, in reference to price.

## B

**Bag** - A cryptocurrency you own. *"I've got a bag of Polkadot and a bag of Kusama."*

**BTD / Buy the dip** - when prices plummet and others panic, buying the dip is the act of buying despite the prevailing fear to take advantage of the low prices.

**Bearish** - Pessimistic about the future of something. The market can be bearish when tanking, and you may be bearish on the future of a specific project.&#x20;

**Bullish** - Confident about the future of something. The market can be bullish when performing well, but you may also be bullish on the concept of decentralization.&#x20;

## C

**CT** - Shorthand for Crypto Twitter

## D

**DeFi** - Decentralized Finance, a general term for a number of financial services based around cryptocurrency and the lack of a centralized authority that controls your funds.&#x20;

**Degen** - Degenerate gambler, someone that invests heavily in DeFi, taking large risks for the potential of even larger rewards.

**Diamond Hands** - Someone that holds their coins through thick and thin, market conditions be damned.&#x20;

**Dotsama** - The collective Polkadot and Kusama ecosystems, created by combining the two words. Polka**DOT**+Ku**SAMA**. See also: *Paraverse*.

**Dust** - Tiny amounts of crypto

**DYOR** - Do your own research. Crypto's version of "buyer beware." There are a lot of scams out there, unfortunately you've got no one to blame but yourself if you fall for one.&#x20;

## E

**ED** - Existential Deposit. This is the minimum required to keep your wallet "alive." When your balance drops below the ED, the remaining balance is [reaped](#r) automatically. (1 DOT, 0.00003333 KSM)&#x20;

## F

**FOMO** - Fear of missing out. Often causes people to buy a coin that has already gone up, wanting to be a part of all the profits being made. Alas, by this point, it's too late, and FOMO buys often result in losses.&#x20;

**FUD** - Fear, uncertainty, and doubt. Can refer to baseless trash talking projects or coins, or can be used to dismiss legitimate criticism by evangelists.&#x20;

## G

**GM** - Good Morning. Standard greeting, say it back.

**GN** - Good Night. See above.

## H

**HODL** - Hold On for Dear Life. See: *Diamond Hands.* Can also describe crypto holders that don't do anything with their coins, eschewing defi, staking, and trading in favor of simply putting them into storage and waiting.

## I

## J

## K

## L

**Lambo** - Lamborghini, an expensive car. As in "wen lambo?" aka when will this make me rich enough to buy an extravagant car.&#x20;

## M

**Moon** - Rapid price increase, "to the moon."&#x20;

## N

**NGMI** - Not gonna make it. If you've made a poor choice or support a bad project, you're NGMI. (see *WAGMI*)

**Not your keys, not your coins** - The sentiment that when you are not the custodian of your crypto, anything can happen to it. Sharing your keys (your private key / seed phrase) will grant the user access to your funds, and they can take them at will. Also applies to keeping your assets on exchanges, in custodial DeFi protocols, etc. – anywhere someone else has the ability to *not* return your coins to you.

## O

## P

**Paper Hands** - Someone who can't hold their coins and sells at the slightest sign of panic.

**Paraverse** - The entire universe of parachains; a way to collectively reference all of Polkadot and Kusama. See also: *Dotsama*.&#x20;

**Ponzi** - A type of pyramid scam where profitability is dependent on constant new influx of funds. As soon as the influx slows or stops, the whole system collapses.

## Q

## R

**Reaping** - When the dust in your wallet is automatically destroyed for falling below the Existential Deposit.&#x20;

**Rug** - As in "pull the rug out from under you." A project that gets you to invest, then disappears with your money. People are too quick to call anything they don't like a rug, but they do happen often.

## S

**Seed / Seed Phrase** - a 12 or 24 word unique phrase used to access your crypto wallet. Anyone with this phrase can access it, and there's nothing you can do to stop them.

**Shill** - Hard-sell a particular coin. Often can't be trusted, because the shiller is paid and acting only in their own interest.&#x20;

## T

## U

## V

## W

**WAGMI** - We're all gonna make it. Confidence builder, sentiment shared by compatriots in specific projects, or within crypto at large.&#x20;

**Whale** - Big fish, large crypto holder.&#x20;

## X

## Y

## Z

## \#
