#Wallstreetbets lingo guide bloomberg how to#

Now in the vortex engulfing GameStop Corp., they have a new name: the establishment. Part 1: Short sellers have been called a lot of things.

This article originally appeared on GOBankingRates.The Bloomberg article that explains it all:

#Wallstreetbets lingo guide bloomberg how to#

How To Keep Your Financial Planning On Track in 2021 Housing Breaks That Are Available to Military Members and Their FamiliesĮverything You Need To Know About Taxes This YearĤ Tips for Saving Money While in the Military The Musk Effect – This newly coined phrase describes billionaire Elon Musk’s ability to move the market with a single tweet, as he did Wednesday implying that Tesla would not sell its stake in Bitcoin, which helped the cryptocurrency regain some earlier losses. Previously relegated to small cap stocks, which are easy to manipulate, investors have begun doing it with crypto, too.īuy the dip – When a stock expected to rise suddenly drops in price, some investors advise people to “buy the dip.” Wednesday’s crypto crash led to a flurry of “buy the dip” memes. Pump and dump – Pump and dump refers to investors who try to illegally drive up the value of a stock or crypto only to sell when it reaches a high point. See: Elon Musk Asks: Should Tesla Accept Dogecoin? How Much Would You Need?įind: How To Invest In Cryptocurrency: What You Should Know Before Investing Of course, those who HODL could get caught losing money if they decide to sell in the future, but those who sell at the high point could “land a Lambo on the moon.”īagholder – If crypto or a meme-stock goes in the opposite direction, though, anyone left holding after the sell point is considered a “bagholder,” standing to lose money should they sell their assets. Mooning – When a stock or crypto is declared to be “mooning,” experts believe it has hit its peak. When Lambo – Similar to “To the Moon,” Lambo (short for the luxury car Lambhorghini) comes up when investors ask when a cryptocurrency will be highly profitable for investors, allowing them to cash it in for their dream car. Just as landing astronauts on the moon in 1969 (and even today…) was a questionable proposition with high stakes for success, a stock or crypto that goes “to the moon” just means its price will rise to make investors untold profits. To the Moon – It’s difficult to trace the origins of the phrase “to the moon,” but the meaning is self-explanatory. See: 4 Best Places To Buy and Sell Cryptocurrencyįind: 10 Cheap Cryptocurrencies To Check Out It seems to be Musk’s tweets alone that move crypto value. Surprisingly, Tesla is just on the cusp of being considered a whale, and the electric vehicle manufacturer doesn’t even own the most shares of any publicly held company, according to Fortune. When these companies choose to sell coin, it can affect the market more than the singular actions of most investors. Investopedia writes that the top 20% of bitcoin holders own more than 80% of bitcoin. Whale - A whale describes someone who holds a large percentage of a specific crypto. The term originated in a Bitcoin forum in 2013 when someone misspelled the word “hold,” declaring “I AM HODLING.” The word also applies to meme-stocks. HODL – Pronounced Ha-dill (rhymes with model), HODL means someone who doesn’t intend to sell their crypto or stock.

The analogy comes from poker, where someone may “fold,” or exit the game, if they believe they aren’t going to win. Paper hands – On the other hand, someone with paper hands may sell stock or coin too early, losing out on unrealized profits. On March 19, amidst Bitcoin plummeting from over $45,500 per coin to under $40,000, Tesla TechnoKing Elon Musk tweeted “Tesla has” with emoji for “diamond” and “hands.” He credited the statement to Tesla’s “Master of Coin.” Here’s your guide to crypto jargon, so that whether you choose to invest or not, you’ll know what Elon Musk means when he pumps his fist to the sky on “Saturday Night Live” and declares, “To the moon!”ĭiamond hands – When a crypto or stock investor has “diamond hands” it means they will hold onto their coins or shares even as the value drops.