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Every online community has its own jargon and slang, and the cryptocurrency world is no different. Members experience both FOMO and JOMO while they try to BUIDL their future and HODL. Read up on cryptocurrency slang terms that you might need when interacting with experienced users.
BUIDL – “Build” (purposeful misspelling for ironic meaning)
FOMO – Fear of Missing Out
HODL – Hold On for Dear Life (purposeful misspelling of “HOLD")
BTD or BTFD – Buy The Dip or Buy the F****** Dip
DYOR – Do Your Own Research
FUD – Fear, Uncertainty, Doubt
FUDster - A person who spreads Fear, Uncertainty, and Doubt
ELI5 - Explain It Like I’m 5
JOMO - Joy of Missing Out
KYC - Know Your Customer
Lambo - Lamborghini (cryptocurrency term for getting rich)
TLT - Think Long Term
OCO - One Cancels the Other
AMA - Ask Me Anything
REKT - “Wrecked” (meaning major losses)
TOR - The Onion Router (one who sends anonymous data)