Crypto slang that I hadn't heard before: Hopium, Pumpamentals and other nonsense

Crypto slang is a whole subculture with its silly vocabulary that traders invented to seem smarter than they are. In just a few pitiful years, this “industry” has created its own crowd with its own language. And I must admit, sometimes I find myself shaking my head at the nonsense they spout.

This specific dictionary, full of technical terms and silly words, spreads like a disease. And the funniest thing is that even experienced players often do not understand half of what other “crypto geniuses” are saying. Let's break down this nonsense!

Hopium and Copium

“What the hell?” - that's my honest reaction to these terms. But in reality, they accurately describe the madness that occurs in the mind of every crypto trader.

Hopiump is a little word from “hope” and “opium”. This silly pun means unrealistic optimism about some token, although all the facts say that it's complete nonsense.

Typical example: “I can really feel that this unknown shitcoin will become the next Bitcoin!” This is said by an investor who is so detached from reality that he is ready to pour his money into yet another scam.

When the moment of truth arrives and the investor, high on hopium, sees his money going down the drain, he switches to copium: “Damn, I wish I had just bought Bitcoin!”

Copium – a blend of the words “cope” and “opium”, it is a made-up excuse for those who cannot admit they messed up with investments.

Diamond Hands vs Paper Hands: Who is Dumber?

In this crazy world of crypto, some react to losses with hysteria, while others act as if they are invincible.

“Even if this coin doesn't take off right now, I will hold it until I turn blue.”

This is an example of the so-called “diamond hands” – stubborn investors who hold onto assets no matter what. They are often seen with empty pockets but a proud expression on their face.

Their opposite are traders with “paper hands” who sell everything at the slightest hint of a decline. They panic like children at the first red candle on the chart.

BTFD (Buy The F***ing Dip)

This is one of my “favorites”. It means “Buy this damn dip” – a cry from traders who believe that you should buy when the price drops. As if there will definitely be a rise after every fall!

Example: Bitcoin drops by 10%, and the crowd starts shouting “BTFD! This is the last chance!” And a day later, the price drops another 15%.

Eternal Bulls vs Eternal Bears

The essence of all this nonsense is to always have a “perspective”. And some have just gotten stuck in one position.

Eternal bulls are those who see a “bull market” in any scenario. Prices are falling? “It's a correction before the rise!” The market is stagnating for months? “Accumulation before the explosion!”

On the other hand, the perpetual bears constantly predict a crash. Bitcoin at $100000? “This is the last gasp before the collapse!”

Both types demonstrate how emotions and biases prevail over logic in crypto trading.

WAGMI (We're All Gonna Make It)

After all this nonsense, let's add something “motivating”. WAGMI or “We are all gonna make it” is a statement of solidarity among crypto investors. It is used to encourage those who are almost ready to admit that their investment was a mistake.

“It's okay that your altcoin has dropped by 80%. Hang in there! After all, you'll make money for a Ferrari. WAGMI!” And then the coin drops another 80%.

Pumpamentals

How many assets have you seen that grew just because someone was “pumping” them? Meme coins with no real utility that only flash in hyped tweets.

Such things are called “Pumpamentals” – a mix of “pump” and “fundamentals” – an ironic term for assets that have only hype and speculation instead of fundamental metrics.

“This coin is not a new Bitcoin. It is pure pumpamentals, although the creators swear that everything is safu.”

Safu

Safu – a distorted “safe” (safe). This little word is used by projects to calm investors: “Your funds are safe.” It is often heard right before another project disappears with all the money.

All of this is just the tip of the iceberg of nonsense that exists in the crypto world. The vocabulary is constantly being replenished with new terms, some dumber than others.

Be careful and remember: always check the information yourself, and don't believe those screamers with their WAGMI!