👁👄👁Down bad rn, but bearing through it
Gm 1Walletoors
Inflation, stablecoin tragedies, the list goes on… We know the market has been extra spicy the past few weeks and especially the last few days, as we can all see (and very much.. feel). While the S&P 500 is down around 14% from all-time highs, crypto markets have bumped those rookie numbers up - losing $1 trillion in a single day on Monday. Times are tough for many rn - and there are only so many things that we can control. As one well-known entrepreneur recently expressed, “When the future is uncertain, build it”. So let’s take a deep breath, step back, and focus on building. In particular, building knowledge - by learning about some of the most commonly used web3 jargon that will be useful no matter what.
💰HODL (Hold On for Dear Life)
This is what we say when you want to become someone else’s exit liquidity during big price fluctuations. When someone says HODL, just know it’s about to be a very volatile ride, but they still have faith in the market, or token, in the long run. Many people in crypto communities right now are saying HODL, because they fear more price fluctuation if more sell.
🤺 NFA (Not Financial Advice)
What you hear from someone who is about to give their opinion about some aspect of the market. This has become a common disclaimer that is used so they make it clear they are not making a recommendation specifically for a financial win or loss. Individuals that post financial or trading content without saying “Not Financial Advice” are more likely to be held liable if someone takes their financial advice and it goes horribly wrong. This is why every crypto participant with an opinion makes a clear disclaimer before giving you “advice” that’s not “advice.”
🏎 Wen Lambo?
Code for “When is the $100 I put into Shiba Inu going to turn into a billion - or enough to buy me a lamborghini?” In due time….
😬 FUD (Fear Uncertainty Doubt)
Spreading FUD means you’re sharing your doubt, relating to a specific project or the market in general. This may influence potential buyers as well as HODLERs.
😃 WAGMI (We are all gonna make it), GMI (Gonna make it) vs NGMI (Not gonna make it):
Very common in the region of CT (crypto Twitter). “WAGMI” is what is said to show inclusivity of everyone’s hope to succeed, and means there’s good news and life is good. “GMI” is what you’ll tell someone who has made a good decision that will lead to their success, and “NGMI” is what you tell someone who makes a bad judgment call, or there is clear FUD about a project or token.
🐻 Bullish vs Bearish
These commonly describe crypto and stock market movement and come from the way the animals attack their opponents. When a bull attacks it strikes moving its head upwards (meaning STONKS go up), while the bear claws its paws downwards (meaning STONKS go down). Based on what we are seeing now, it’s pretty bearish.
Times are tough right now. And although the Lambo isn’t coming anytime soon for most, here are some things to think about (and please, remember, this is NFA).
Web3 is always building - regardless of a bull or bear market. Use this time to continue learning.
There are some things you can control and some things you can’t - one of those being the market. Focus on the things you can, like spending time with loved ones and ordering your favorite takeout on a bad day.
It’s ok to be confused, frustrated, and stressed. If you have any questions about anything, let us know on Twitter, or if you need a friend, drop how you’re feeling on Discord. The most important thing is your health - don’t forget to take care of yourself, and remember…. “This too shall pass.”
With love from Spain without the S,
1Walletees 🐶