I just realized that there are quite a few friends in the crypto community who still do not fully understand the slang terms commonly used here. For example, what is hopium – an informal vocabulary but very frequently appearing in online discussions.

In fact, the world of cryptocurrency has developed its own quite unique dictionary. It includes both technical terms and colloquial slang that traders and investors use daily. These words, although unofficial, accurately reflect the community's psychology and actions.

Starting with what is hopium – it is a combination of hope and opium. This phrase symbolizes the unfounded optimism of an investor about a certain token or project, even though everyone around is warning against it. Like someone firmly believing an anonymous altcoin will be the next Bitcoin – that is hopium.

When hopium doesn’t come true, copium appears. Copium is a blend of cope and opium, referring to the self-soothing reasons people come up with when experiencing losses. Instead of admitting mistakes, they might say something like I will buy Bitcoin or Ethereum instead.

Then there are diamond hands and paper hands. Diamond hands are investors who hold assets steadfastly, regardless of market volatility. Conversely, paper hands are those who sell off immediately when prices drop a little, out of fear and without a long-term strategy.

BTFD is another interesting phrase – short for Buy The Freaking Dip. When Bitcoin or any asset’s price drops sharply, that’s the time for BTFD – an opportunity to buy more at a lower price.

There is a group called permabulls – those who are always optimistic about the market regardless of what happens. Opposite them are permabears, who always expect the market to decline. Both are biased traders.

WAGMI is another popular term – short for We're All Going to Make It. It expresses solidarity and belief that ultimately everyone in the crypto community will succeed. It’s used to encourage each other during tough market times.

Pumpamentals refers to when an asset’s price surges significantly without any technical reason – just hype and speculation. Meme coins often fall into this category.

Finally, SAFU – a term referring to safe. Projects often use this word to assure investors that their funds are secure. You’ll often hear the phrase The funds are safu.

Overall, crypto vocabulary reflects the real psychology of traders – from irrational hope to fear, from steadfastness to retreat. It’s a lively dictionary of the community. Understanding these terms will help you better grasp market sentiment. WAGMI!