Terminologies

  • GM: Good Morning.
  • GN: Good Night.
  • NGMI: Not going to make it.
  • GMI: Going to make it.
  • WAGMI: We're all going to make it.
  • DYOR: Do your own research.
  • FOMO: Fear of missing out.
  • FUD: Fear, uncertainty, and doubt.
  • HODL: Hold on to dear life (Keep your NFT and not sell it).
  • Rekt: Someone who lost a lot of money from a bad trade.
  • PFP: Profile Picture.
  • Paper Hands: People who quickly sell their NFT(s) asset.
  • Diamond Hands: People who hold NFT(s) for a project long term through its up and down prices.
  • Whale: Someone who has a lot of ETH and purchasing a large number of assets.
  • Bag: NFT assets a person holds.
  • Bagholder: An investor who holds for too long that the asset's value dropped. huge loss
  • Shitcoin: A crypto currency with no value or purpose.
  • Memecoin: Cryptocurrency based on a meme.
  • Apeing In: Spending a lot of ETH for a project.
  • Pumping: Raising an NFT asset price quickly.
  • Pump and dump: Buying a large amount of NFTs from a project to inflate its price, then resell them at peak to make quick money.
  • Alpha: The intel someone posesses that no one has found out yet.
  • Floor: Lowest price available in a project.
  • Sweep the floor: Buy all the NFTs at floor price to raise the project's price immediately.
  • Flex: Show off.
  • Wen: When.
  • DAO: Decentralized autonomous organization = a community with a shared bank account.
  • Ser: Sir.
  • Probably Nothing: The phrase is used sarcastically.
  • Fren: Friend.
  • McDonalds: Backup plan for when we NGMI.
  • Generative Art: Art created algorithmically on the blockchain when minted using a specific set of assets.
  • Looks Rare: Rarity is important in NFT, this phrase is used sarcastically.
  • IRL: In Real Life.
  • Liquidity: Available ETH to buy NFTs.
  • Lambo: Become rich.
  • Wen Lambo?: When are we going to get rich?
  • No-coiner: People who are skeptical of crypto or don't have any coin.
  • Noob/Newb: Inexperienced people.
  • LFG: Let's f*cking go.
  • Gas wars: Large number of people minting same project causing gas to increase significantly.
  • Ded: Dead.
  • Rug: Creators running away from a project.
  • Derivative: Fanart.
  • OG: Original gangster People who are early.
  • Seems legit: Has excellent prospects.
  • NFA: Not financial advice.
  • Airdrop: Owner sends free NFT to someone.