Popular Crypto Slang Terms. Part 6

Imagine the market is soaring like Jackie Chan on steroids, and you've just bet on its decline. Now would be the perfect time to exclaim: "Holy shit, bears are fucked!" or to casually type "HSBAF" on your favorite social media platform.  

This acronym can either be a cry of despair from short traders (the bears) or a mocking taunt from the bulls, who are reveling in the price rise.

Indeed, the market often charges ahead without pause, leaving bears with significant losses. However, for all other investors, "HSBAF" is a chant celebrating a surging market and one of the most sought-after phrases in crypto forums. It represents a scene where jubilant bulls dance around, flaunting their gains, while the bears, dejected, shuffle home to tally their losses.  

This acronym stands for "Have Fun Staying Poor" and is typically used condescendingly towards nocoiners. Crypto enthusiasts often deploy "HFSP" to express their superiority over those who don't believe in the potential of cryptocurrencies, particularly Bitcoin, or those hesitant to invest or quick to sell their holdings. It usually serves to end any debate with a final dramatic flair.

This phrase appears in crypto forums under three scenarios:

1. When the Market Defies Expectations: Traders use it either when the market unexpectedly turns against them or when they miss out on buying at the bottom. It's laced with irony, as if to say, "I'm not here for the money, I champion decentralization and free markets!"
2. When Critiquing Overhyped Tokens: It's used to highlight that a promoted token has no real utility and is purely speculative. Here, "In It for the Tech" takes a sarcastic tone, roughly translating to "Leave me alone!"
3. When Calling Out Hypocrisy: It's used to expose someone who pursues self-serving goals under the guise of community benefit. In this context, it's entirely sarcastic.

Wagecuck is a mocking nickname given to small-time crypto enthusiasts who work a 9 to 5 job with modest pay but dream of getting rich off their 0.001 BTC to retire early and live comfortably.  

Traders who don’t mind poking fun at themselves sometimes adopt this slang term as their online nickname (it’s already taken on X). 

For those in service jobs, there's a prevailing joke: “If I don't wagecuck at McDonalds I can't buy more crypto,” accompanied by a set of memes featuring tired waitstaff and the giggling Pepe the Frog.