Crypto Dictionary Staging

@2024 9GAG

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Good with words?

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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@2024 9GAG

Initial Dex Offering

An Initial Dex Offering is like going to a potluck dinner, but instead of bringing a dish, you're bringing your crypto. And instead of getting a plate of food in return, you're getting a chance to make some money. It's like, "Hey, I brought some Bitcoin to the party, now let's see if this decentralized feast is gonna make me rich or give me food poisoning!"

Example

"I participated in an Initial Dex Offering last month, and now I'm constantly checking my wallet like a paranoid squirrel. Is this what PTSD feels like?" "My buddy keeps telling me to join this Initial Dex Offering, but I'm like, 'Nah, man, I like my crypto like I like my relationships – stable and predictable.'"

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20 May 2024

Initial Coin Offering (ICO)

An ICO is like going on a blind date with a crypto project – you don't really know what you're getting into, but you're hoping for the best. It's like, "Hey, I just met you, and this is crazy, but here's some money, so launch your mainnet maybe?" And then you wait, and wait, and wait some more, until one day you wake up and realize you've been ghosted by a blockchain.

Example

"I put all my savings into this ICO because the founder had a cool beard and promised to change the world. Now I'm eating ramen every night and crying myself to sleep." "My cousin told me to invest in this ICO, but I'm pretty sure he just wanted the referral bonus. Family, am I right?"

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20 May 2024

Index

A crypto index is like going to a buffet – you get a little taste of everything without committing to just one dish. It's perfect for indecisive investors who wanna be like, "I'm into Bitcoin, but I also like Ethereum, and ooh, Ripple looks good too!" A crypto index lets you have it all, baby!

Example

"I invested in a crypto index because I'm too lazy to research individual coins. It's like letting someone else pick your outfit – it might not be perfect, but at least you don't have to think about it." "My financial advisor told me to buy a crypto index, but I'm pretty sure he just wants to get paid for doing less work. It's like when your personal trainer tells you to just do cardio – like, what am I paying you for, bro?"

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20 May 2024

Immutability

It's like the blockchain's way of saying, "What's done is done, son!" You can't go back and change it, even if you wake up the next morning like, "What the hell was I thinking?!" It's the ultimate accountability tool – no more blaming your mistakes on someone else. You did it, it's on the blockchain, and now you gotta live with it.

Example

"I accidentally sent my crypto to the wrong address, but thanks to immutability, I can't do anything about it. Guess I'll just cry myself to sleep tonight." "Immutability is great for keeping politicians honest. Can't go back and change those campaign promises once they're on the blockchain!"

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20 May 2024

Iceberg Order

It's like when you're trying to buy a whole bunch of crypto without letting everyone know you're a baller. You break it down into smaller orders, so it's like, "Oh, I'm just a regular guy, buying a little bit here and there." But in reality, you're sitting on a mountain of digital cash, just waiting to make your move. It's the crypto version of "fake it 'til you make it."

Example

"I bet Elon Musk places iceberg orders all the time. That's why he's always tweeting about Dogecoin – to throw us off the scent of his real investments." "I tried placing an iceberg order once, but I got too excited and ended up buying all the crypto at once. So much for being a stealth investor."

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20 May 2024

Fear, Uncertainty and Doubt (FUD)

noun | feer uhn·sur·tuhn·tee and dout FUD is like when your grandma sees a news article about Bitcoin being used for illegal activities and tells you that you're gonna lose all your money and go to jail - it's the spreading of negative and often false information about a crypto project, in order to drive down the price. It's the weapon of choice for bitter noobs and paid shills alike.

Example

"Every time Bitcoin dips, the mainstream media starts spreading FUD about how it's a bubble and it's going to zero. Meanwhile, the same people who told you not to buy BTC at $1 are now telling you not to buy it at $50k. Fuck outta here with that noise." "FUD is like kryptonite for bagholders - it's what makes them weak in the knees and quick to hit the sell button. But real OGs know that FUD is just an opportunity to buy more and HODL harder. We eat FUD for breakfast and shit out gains."

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03 May 2024

Fear of Missing Out (FOMO)

noun | feer uhv mis·sing out FOMO is like when you see your friend post about their sick gains on social media and you think "Fuck, I gotta get in on that before it's too late!" - it's the fear of missing out on a good investment opportunity, and it's what drives people to buy the top and sell the bottom. It's the enemy of rational decision making.

Example

"I FOMOed into Dogecoin when I saw Elon Musk tweeting about it, thinking I was gonna get rich quick. Now I'm holding bags heavier than my ex-wife's alimony payments. Lesson learned: never take financial advice from a memelord billionaire." "FOMO is the silent killer of noobs - it's what makes you chase pumps and dumps like a crackhead chasing the dragon. The only cure is to delete your Blockfolio, go outside, and touch some grass. Your mental health (and your wallet) will thank you."

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03 May 2024