There are many unique terms in the Bitcoin and cryptocurrency community. From common slang like HODL, FUD, FOMO to advanced concepts like Rekt, Whale, Pump and dump, understanding these terms is the first step to truly grasping the cryptocurrency market. This guide systematically explains over 20 of the most frequently used slang terms in the Bitcoin and cryptocurrency community.
Bitcoin slang reflecting investment psychology
FOMO (Fear of Missing Out)
FOMO is the fear of missing out on potential gains or opportunities, which often drives investors to buy into a rising market out of fear of missing the chance to profit.