Popular Crypto Slang Terms. Part 6
Let’s continue to decode the crypto slang found across trading forums, Telegram channels, and social media platforms.
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Our crypto slang dictionary is ever-expanding: we've already released five parts, and today’s sixth installment is here to enrich your crypto vocabulary even further.
Part 1
HSBAF
Imagine the market is soaring like Jackie Chan on steroids, and you've just bet on its decline. Now would be the perfect time to exclaim: “Holy shit, bears are fucked!” or to casually type “HSBAF” on your favorite social media platform.
This acronym can either be a cry of despair from short traders (the bears) or a mocking taunt from the bulls, who are reveling in the price rise.
Indeed, the market often charges ahead without pause, leaving bears with significant losses. However, for all other investors, “HSBAF” is a chant celebrating a surging market and one of the most sought-after phrases in crypto forums. It represents a scene where jubilant bulls dance around, flaunting their gains, while the bears, dejected, shuffle home to tally their losses.
HSBAF-based NFT. Source: nft.coinbase
But if you are that bear—don't lose heart! HSBAF isn't a death knell but rather a reminder that the market is always full of surprises and opportunities for a turnaround.
HFSP
This acronym stands for “Have Fun Staying Poor” and is typically used condescendingly towards nocoiners. Crypto enthusiasts often deploy “HFSP” to express their superiority over those who don't believe in the potential of cryptocurrencies, particularly Bitcoin, or those hesitant to invest or quick to sell their holdings. It usually serves to end any debate with a final dramatic flair.
HFSP may sound offensive. Source: luchopoletti
It's advisable to use it judiciously, considering the feelings of others. Not everyone is required to share your enthusiasm for the future of digital assets or the trading strategies you advocate. Plus, presuming someone will definitely remain poor for not heeding your advice can backfire. The market is a complex field that often punishes the overconfident and the bold.
In It for the Tech
This phrase appears in crypto forums under three scenarios:
- When the Market Defies Expectations: Traders use it either when the market unexpectedly turns against them or when they miss out on buying at the bottom. It's laced with irony, as if to say, “I'm not here for the money, I champion decentralization and free markets!”
- When Critiquing Overhyped Tokens: It's used to highlight that a promoted token has no real utility and is purely speculative. Here, “In It for the Tech” takes a sarcastic tone, roughly translating to “Leave me alone!”
- When Calling Out Hypocrisy: It's used to expose someone who pursues self-serving goals under the guise of community benefit. In this context, it's entirely sarcastic.
SBF became a focal point for such sarcastic remarks. Source: Х
Remember, “In It for the Tech” is a versatile phrase. However, caution is advised: if used carelessly, especially in professional settings, it might lead to unintended consequences.
Wagecuck
Wagecuck is a mocking nickname given to small-time crypto enthusiasts who work a 9 to 5 job with modest pay but dream of getting rich off their 0.001 BTC to retire early and live comfortably.
Traders who don’t mind poking fun at themselves sometimes adopt this slang term as their online nickname (it’s already taken on X).
For those in service jobs, there's a prevailing joke: “If I don't wagecuck at McDonalds I can't buy more crypto,” accompanied by a set of memes featuring tired waitstaff and the giggling Pepe the Frog.
Wagecuck is often a target for jokes in the crypto community. Source: Reddit
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