Traduction of crypto/nfts specific terms.
Bullish: sentiment/conviction that the price of an asset will gain value.
Bearish: sentiment/conviction that the price of an asset will lose value.
Pump: mid/high price increase
Dump: mid/high price decrease
Dip: A dip is when a cryptocurrency/nft experiences a price decline. Dips are visually identified as a “valley” on a price chart. Let’s say an NFT you’re looking for is worth 100$, it goes down to 75$, you buy it here, and then it goes up to 100$ again, you bought the dip.
ATH: An All Time High is the highest price the said asset ever reached.
ATL: An All Time Low is the lowest price the said asset ever reached.
Bottom: A point where it will be very difficult to go under, the lowest level of support. If a project you believe into reaches this point, it might be your best opportunity to invest in, but be careful because if it goes under this point, things will become very hard.
FOMO: Fear Of Missing Out, either to buy a hyped asset or to sell a fudded one.
FUD: Fear, Uncertainty, Doubt. Bad news scaring investors.
DYOR: Do Your Own Research. While connections are key, you MUST dig by yourself.
NFA: Not a Financial Advice.
Whale: Refers to a wallet or a person with very high financial resources.
Airdrop: Giving away an asset and/or a currency for free to a specific address(es).
AMA: Ask Me Anything, a format where investors can ask questions to devs. (in voice chat generally)
P2E: Play to earn. Blockchain-based games that use tokens to reward players.
Ape in: To buy an asset quickly without solid research/without respecting proper risk management.
DAO: Decentralized Autonomous Organization. DAOs are not governed by one single person or entity. Rules and actions are taken by votes. Pure democracy.
CEX: Centralized Exchange, in a centralized exchange, the ownership of the coins is held by the exchange completely.
DEX: Decentralized Exchange, a decentralized exchange is a peer-to-peer marketplace where transactions happen directly between crypto traders without the need for a middleman.
DeFi: Decentralized Finance, unlike TradFi (traditional finance) or CeFi (centralized finance), where a bank or company has control over your money. In DeFi, no one but you has access to it.
dApp: Decentralized Application, a software application that partially runs on a distributed network (i.e. blockchain) instead of a centralized server.
Mint price: The original price of the NFT bought from CandyMachine.
Floor price: The lowest price available on a Marketplace on said collection.
Average price: The average price on a said collection related to a timeframe. (It could be the average price of the last 3 months for example, but it’s mostly the average price of the last 24 hours.)
Volume: The total amount of currency spent on a said collection.
Listing: The total amount of NFTs of a said collection listed on a specific Marketplace. (Being listed means being available to be bought.)
CandyMachine: Candy Machine is a tool that allows you to set up your own Solana NFT “shop”.
Mint: To buy an NFT directly from a CandyMachine, meaning you’re the first owner of this specific NFT. (In fact, it’s more complicated than that but here I help you to become a Trader/Investor, not a developer)
Secondary Market: Once an NFT has been minted it can be traded on a secondary market.
Diamond Hands: Refers to someone who has high-risk tolerance for high volatility assets.
Undercutting: Listing below the floor price of a collection.
Paper Hands: Refers to someone who has low-risk tolerance for high-volatility assets.
Derivative: Copy of successful/well-known NFT projects.
Bluechip: Really good collection, well known and successful.
Flipping: Buying and selling an NFT for a quick profit.
Shilling: To promote a collection in a good way.
WAGMI: We Are Gonna Make It.
Degen: Stands for ‘degenerate’ and refers to someone who is frequently taking HIGH risks.
Alpha: An alpha is an early call, private most of the time, that should be profitable.
HODL: “Hold on for dear life” means to hold an asset for a very long time, regardless of the price.
NGMI: Never Gonna Make It.
LFG: Let’s fucking go!
PFP: Profile Picture.
OG: Short for “original gangster”. Refers to the earliest members of the space/project.
WL: Short for “whitelist”. List of members/wallets that generally provides priority mints.
Rug / Rugpull: Something you will hear a lot, a rug pull refers to when a team behind a crypto/NFT project abandons the project and run away with investors’ funds. Unfortunately, it happens quite a lot as it has pretty loose regulations in the crypto world.
Soft rug: When the team doesn’t clearly run away but when the amount/quality of work provided is slowly decreasing, up to a point where devs are still in the discord but act dead.
Red flags: Assembly of actions, message, proof, behavior, etc… that are typical signs of a rug.