7 crypto slang used to describe the different types of investors

Also, there are unique terms for almost everything in the crypto version.

The young, tech-savvy people who populate this space have coined terms to describe the different investment strategies, crypto projects, and even the different types of investors. Follow along as we quickly go through some of the terms used to describe crypto investors and what they mean.

No-coins

This one is pretty decent. It is a term used to describe someone who does not invest in crypto or is pessimistic about digital assets. They usually believe that cryptocurrencies have no use cases and therefore have no inventory, no crypto tokens and no coins. Hence the term “no-coiner”.

Weak hands

Weak hands is a term used to describe someone who sells their crypto holdings at the first sign of a market correction. These investors are either not fully convinced of their strategies or are easily spooked by negative news or price action on an asset. More often than not, weak hands are the ones that trigger a sell-off and cause prices to fall.

Diamond hands

Diamond hands is a slang term for investors who refrain from selling their crypto holdings despite downturns or losses. These people are the opposite of weak hands as they stay invested through thick and thin. This is a good strategy if your investments are backed by solid research and have some use cases that will help value recover after a bear run.

However, it is not always useful to have diamond hands, especially in the case of a dead-end cryptocurrency that is in a downward spiral and has no hope of regaining its value.

Bag holder

Bagholder is a term used to describe an investor who holds on to their crypto assets despite a continuous decline in value. They are extreme diamond hands that suffer when the price of a coin crashes to zero and they are left “holding the bag”. Their only hope is that the price of the cryptocurrency will somehow make a comeback and they will recover some of their losses, but this rarely happens. All those who chose to hold TerraUSD (UST) will be examples of bag holders. Even months after the crash, TerraUSD (now TerraClassicUSD or USTC) is still worth next to nothing.

The HODLer

A HODLer will see his coins double in value in a week or drop 30 percent in a month, but he will never even think about selling. These investors are in it for the long term and are unphased by market conditions. Despite sounding deceptively simple, HODLing is a challenging investment strategy. You have to have tremendous discipline to stay invested even though you can exit your position and book easy profits in the process. However, it is also one of the most effective crypto investment strategies and has produced many crypto millionaires.

The whale

Whale is a term used to describe large investors. When it comes to Bitcoin, anyone with over 1000 BTC is considered a Bitcoin whale. These investors have the power to manipulate the crypto market with their transactions. If they sell a large enough portion of their holdings, they can cause the price of a cryptocurrency to drop significantly. Conversely, if they start buying large amounts of a particular crypto, they can also cause a minor price spike. There are many other fish classifications as well. For example, a shrimp is an investor who has less than 1 BTC, a crab has 1 to 10 BTC, an octopus has 10 to 50 BTC, etc.

The Bitcoin Maximist

For Bitcoin maximalists, there is no better cryptocurrency than Bitcoin. Even while the cryptoverse is full of technological advancements and innovations, they will consider Bitcoin’s secure, sound concept as the most important. These investors were inspired by the brilliance of the blockchain and Satoshi’s invention. They were lured in by the technology and ended up being for the revolution.