3 Well-Known Cryptocurrency Slangs Everyone Should Know
Along with the popularity of cryptocurrency world over, there are popular slang terms, which have become famous among crypto users. We represent the 3 prominent slang terms with their explanation.
HODl is a slang term used in Bitcoin community, when referring to holding the cryptocurrency rather than selling it. On a Bitcoin Forum in December 2013 a cryptocurrency user posted a typo “I AM HODLING.” In 2017 this expression was listed by Quartz as one of the essential slang terms in Bitcoin culture, and described it as a stance, “to stay invested in bitcoin and not to capitulate in the face of plunging prices.
Sats is short for ‘santoshis’, a term derived from the first name of bitcoin’s mysterious creator named Satoshi Nakamoto. It refers to the smallest fraction of a bitcoin that can be sent, which is 0.00000001 of bitcoin.
This slang is mainly used for describing the big money players in Bitcoin area. A whale is someone who owns a big amount of digital currencies. It could also be large institutions, such as Hedge Funds and Bitcoin Investment Funds.