Crypto Slang. Part 5 Blum Code 18-19 December: Shilling, Normies, NGMI & WAGMI Explained

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Crypto Slang. Part 5 Blum Code 18-19 December: Shilling, Normies, NGMI & WAGMI Explained

Crypto Slang. Part 5 Blum Code December 19

On December 18, Blum Academy unveiled the video “Crypto Slang You Need to Know #5: Shilling, Normies, NGMI & WAGMI Explained”. Crypto Slang. Part 5 Blum video back with Crypto Slang Part, and dive into some of the most commonly used terms in the crypto community: Shilling, Normies, NGMI, and WAGMI. In the previous crypto slang series, we have discussed a lot of common crypto terms, such as: Blum Crypto Slang Part 1: Key Crypto Terms You Should Know, Crypto Slang Part 1 Blum: An Ultimate Guide to Crypto Slang 2024, and Crypto Slang Part 2 Blum Code: Key Crypto Slang You Need to Know, etc.

Crypto Slang. Part 5 Blum Code Task:

🎬Video: Crypto Slang. Part 5 Blum Code

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Contents

1 Crypto Slang. Part 5 Blum Code: What is Shilling?
2 Crypto Slang. Part 5 Blum Code: What is Normies?
3 Crypto Slang. Part 5 Blum Code: What is NGMI?
4 Crypto Slang. Part 5 Blum Code: What is WAGMI?
5 Crypto Slang. Part 5 Blum Code on WEEX
6 Staying Informed: Crypto Slang. Part 5 Blum Code Updates on WEEX

Crypto Slang. Part 5 Blum Code: What is Shilling?

Shilling in the crypto world refers to the act of aggressively promoting a cryptocurrency or project, often with the intent to manipulate others into buying or investing. Shillers may hype up a coin, token, or platform to inflate its value, typically without disclosing potential conflicts of interest. This practice can be misleading, and in some cases, it is done with little regard for the risks to unsuspecting investors. While shilling can sometimes be a sign of genuine enthusiasm, it is often viewed skeptically as a tactic for short-term gains at the expense of others.

Crypto Slang. Part 5 Blum Code: What is Normies?

“Normies” is a term used in the crypto community to refer to people who are not yet involved in the world of cryptocurrency. These individuals typically lack the knowledge or interest in blockchain, digital assets, and related technologies. “Normies” are often seen as outsiders, and many in the crypto community believe that once they become familiar with cryptocurrencies, they will embrace them as part of the financial revolution. However, the term can sometimes be used in a derogatory way, highlighting the divide between crypto enthusiasts and the broader public.

Crypto Slang. Part 5 Blum Code: What is NGMI?

NGMI stands for “Not Gonna Make It.” It is a popular phrase in the crypto community used to describe someone or something that is perceived as unlikely to succeed, especially in the volatile world of cryptocurrency. This can refer to projects that lack solid fundamentals, people who make poor investment choices, or those who fail to understand the intricacies of crypto markets. The phrase is often used in a playful or dismissive manner, but it underscores the risks and the high stakes involved in the crypto space.

Crypto Slang. Part 5 Blum Code: What is WAGMI?

WAGMI stands for “We’re All Gonna Make It.” It is a phrase used in the crypto community to express optimism and unity, particularly in the face of market volatility. WAGMI reflects the belief that, despite the ups and downs, the collective effort of the community will lead to success and prosperity for everyone involved. It’s a rallying cry for crypto enthusiasts, symbolizing hope, perseverance, and the idea that the financial revolution brought on by blockchain technology is achievable for all participants, not just a select few.

Crypto Slang. Part 5 Blum Code on WEEX

WEEX is gaining recognition as an excellent crypto exchange for beginners due to its user-friendly platform, security measures, and extensive educational resources. Whether you’re a beginner or a seasoned trader, WEEX offers a seamless trading experience with support for various cryptocurrencies, including BTCUSDT, ETH/USDT, DOGE/USDT, XRP/USDT, WXT/USDT SOL/USDT and other numerous altcoins. Beyond trading, WEEX is dedicated to educating its users, making it a trusted resource for those looking to stay informed in the fast-paced world of crypto.