Crypto Dictionary Staging

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DIC stands for Definitions in Crypto. It is a dictionary for everything crypto and memecoins. And it is written by Degens like you.

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All or None Order (AON)

noun | all or nun or·der A bossy type of stock market order that says "I want to buy X number of shares, but only if I can get them all in one go." It's like when you're buying concert tickets for your squad - it's all or nothing, baby! AON orders are often used by big-shot investors who don't want to mess around with partial fills.

Example

"I placed an AON order for 1000 shares of GameStop, because I'm all in on this meme stock revolution!" "The hedge fund's AON order for 100,000 shares of Tesla just went through, so expect the price to skyrocket." "I tried to be a baller and put in an AON order for 500 shares of Apple, but my broke ass couldn't afford it."

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29 Apr 2024

Airdrop

noun | air·drop In crypto, a freebie marketing stunt where tokens or coins are dumped in your digital wallet, often for doing diddly squat. Airdrops rain from the virtual skies to create buzz and pump token prices. Catch them while you can - these "free" coins could be worth millions someday! (Or not.)

Example

"Yo, did you see that new DEX is airdropping 1000 tokens to the first 500 users?" "I just checked my wallet and holy crap, I got an airdrop from that random memecoin I forgot about!" "Airdrops are like finding loose change in your couch cushions, but in the Matrix."

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29 Apr 2024

AMM

Automated Market Maker (AMM), sometimes referred to as a Constant Function Market Maker, in place of an order book. At a very high level, an AMM replaces the buy and sell orders in an order book market with a liquidity pool of two assets, both valued relative to each other. As one asset is traded for the other, the relative prices of the two assets shift, and a new market rate for both is determined. In this dynamic, a buyer or seller trades directly with the pool, rather than with specific orders left by other parties. The advantages and disadvantages of Automated Market Makers versus their traditional order book counterparts are under active research by a growing number of parties.

Example

AMM is like a unmanned supermarket but except it has intelligence where the price of each item can be coupled with other item and therefore adjusted dynamically based on demand and supply between those items, thus purely market-driven. In other words you can offer your Fanta in exchange for a Kitkat if the current price allows, instead of buying with fiat, you are able to do all this while not a single cashier, staff or security guard is needed.

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29 Apr 2024

Altcoin

If Bitcoin is like the most popular kid's scooter in the park, then altcoins are all the other different scooters you see around. They might look a bit different and work a bit differently, but you can ride them just like the popular one.

Example

I have a scooter that's not the usual one everyone has; it's an altcoin scooter!

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29 Apr 2024

All Time High (ATH)

Imagine you've built the tallest tower ever with your blocks. You've never built one so high before. In the money game adults play, when the price of money (like a game score) goes higher than it has ever gone before, that's called an "all-time high."

Example

"My piggy bank is so full, it's like it's at an all-time high!"

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29 Apr 2024

Difficulty

noun | dif·i·kul·tee Difficulty is like the final boss of Bitcoin mining - it's a measure of how hard it is to find a new block on the blockchain, based on the total computing power of the network. It's like trying to solve a Rubik's Cube, but every time you get close, someone comes and scrambles it up again.

Example

"I tried mining Bitcoin on my laptop back in the day, but the difficulty got so high that I was barely making enough to cover my electricity bill. Now I just buy it on Coinbase like a normie and cry myself to sleep every night." "The difficulty adjustment is like the blockchain's way of saying 'fuck you' to miners who try to game the system. It's like a built-in cheat code that ensures fair play and prevents 51% attacks. Satoshi was playing 4D chess while y'all were still playing checkers."

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30 Apr 2024

Diamond Hands

noun | dahy·muhnd handz Diamond hands are like the iron fist of HODLing - it's when you refuse to sell your crypto no matter how much the market dips, because you have unshakeable faith in the long-term value of your bags. It's like being a monk who took a vow of poverty, but instead of renouncing worldly possessions, you renounce taking profits.

Example

"I bought BTC at the top of the 2017 bull run and held through the bear market with diamond hands. Now I'm riding a Lambo to the moon while y'all are still waiting for alt season. Stay strong, my fellow HODLers!" "Having diamond hands is easy when you're up 1000%, but the true test comes when you're down 90% and your mom is telling you to sell before you lose the house. That's when you find out if you're a true believer or just a filthy casual. HODL gang for life, bitch!"

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30 Apr 2024