The coin will go up in value, then everyone dumps the coin and sells it for a profit. It means people buy a coin and create demand in the market. WhaleĪ person who owns a large precentage of a certain cryptocurrency. It refers to the smallest fraction of a bitcoin that can be sent. It is short for “satoshis,” derived from the first name of Satoshi Nakamoto, the person who is presumed to have developed bitcoin. Someone on Reddit posted a message that spelled the word “hold” wrong, and readers interpreted it as the acronym.
STONKSĪn intentional misspelling of the word “stocks” originated from a meme. Keith Gill, a financial adviser whose Reddit posts and YouTube videos helped drive interest in GameStop’s stock back in January. Here is a breakdown of what they all mean.
#WALLSTREETBETS LINGO FULL#
So we will break down all the WallStreetBets, and Dogecoin / Crypto lingo is one full list. Terms like To The Moon, HODL, and Paper Hands can be seen all throughout the Dogecoin Reddit page and on Twitter. This lingo has also been used in the Dogecoin community for quite some time, actually since its inception. For those who may lose a little, F it YOLO and this is epic history in the making.Reddit’s WallStreetBets trading lingo has filtered its way onto the mainstream media this week due to Thursday’s Robinhood hearings in Washington DC. One Redditor said, “For those making large bank on this I congratulate you. But it’s got special meaning in WallStreetBets, where it’s sometimes used as a verb, to describe the act of gambling big, wagering like there’s no tomorrow. Standing for “you only live once,” this acronym is already out there. One Redditor who used the diamond and hand emojis in talking about GameStop wrote, “I’m either going to the moon or losing my” - and then inserted a moneybag emoji. Like rocketships pointing up, up, up, there are a lot of diamond emojis all over WallStreetBets.
#WALLSTREETBETS LINGO SERIES#
Learn to master your money: Sign up for MarketWatch’s free live series to boost your financial IQ If you’ve got paper hands, you exit a position, or fold, early on because the heat of the situation might be too much. If you’ve got “diamond hands,” you’re ready to hold a position for the end goal, despite the potential risk, headwinds and losses. While we’re on the topic of holding, these two phrase refer to people’s hands - but it’s really about what they can stomach. “I rather be bagholding a tech company than retail stock,” a Redditor observed.
There’s someone who makes a savvy play to sell high, but then there’s someone who holds stock that’s fallen in value and keeps holding, thinking the shares will recover. (There are a lot of those on the forum, too, signaling a stock’s upward trajectory.) ‘Bagholding’ or ‘Bagholder’ As one Redditor wrote, “LEVERAGE YOUR HOUSE!!!! LETS GET THESE TENDIES!!!!” - followed by nine icons of a rocket blasting off. Loosely speaking, that’s chicken tenders, shorthand for gains, profits or money. Redditors - as Reddit users are known - in the forum casually throw around some of the standard internet fare like “newbie,” meant for rookie retail investors, and “ boomer,” for the older crowd and the Wall Street establishment.īut here’s a look at some of the specific WallStreetBets The WallStreetBets forum had 3.3 million members as of midafternoon Wednesday the number appeared to be climbing throughout the day. Read also: Opinion: Stop laughing about GameStop’s stock mania - no, really Is up less than half a percentage point in that same year-to-date span. Was off less than a percentage point and the S&P 500 But major brokerage firms TD Ameritrade and its owner Charles Schwab on Wednesday started putting guardrails in place to control the buying spree, and the Biden administration said it was “monitoring the situation” with GameStop’s stock. These are some of (printable) terms flying across Reddit’s WallStreetBets, a salty forum peppered with its own arcane language, now at the center of a frenzied stretch of trading in GameStop’s stockĪs of midday on Wednesday, GameStop’s stock was up more than 1,500% in 2021.
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