• rtxn@lemmy.world
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    23 hours ago

    Insane NFT potential, 100x overnight ROI guaranteed for hodlers, bearproof investment #tothemoon #diamondhands #linegoup

    (I genuinely feel sick after writing that)

      • rtxn@lemmy.world
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        13 hours ago

        It’s the vocabulary of utterly deranged sociopaths. Your life will not be improved by this knowledge.

        • ROI: return on investment.
        • “hodlers”: some cryptobro once mis-spelled “hold” as “hodl”. Because cryptobros can’t ever be wrong or make mistakes, it was retroactively turned into an acronym for “Hold On for Dear Life”. Outside the circus tent, people use it to mock them.
        • “bearproof”: “bull market” and “bear market” are terms from stock trading for circumstances where the valuation of something rises or falls respectively (because a bull attacks upwards and a bear attacks downwards – again, sociopaths). Therefore, a “bearproof” investment promises to resist bear markets and only ever rise in value, inevitably followed by the value crashing to effectively zero.
        • “To the Moon”: a common catchphrase, used by crypto scammers, to indicate that a shitcoin will have an extremely high value SoonTM (spoiler alert: it never happens).
        • “Diamond hands”: someone who holds onto their investments even if the market is unfavorable. The opposite is “paper hands”: someone who sells an investment as soon as the value falls even a little. Used by cryptobros to manipulate their audience.
        • “Line go up”: infinite growth mentality. Stonks.
        • NFT: oh boy.
        • craftrabbit@lemmy.zip
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          11 hours ago

          Knowing about bearproof and hodl really did make my day worse…

          (But thank you nonetheless, this is all very morbidly interesting)

    • Zagorath@quokk.au
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      18 hours ago

      Apparently nobody can agree what that’s worth. It could be anywhere from $40 million to £1.5 billion.

      Screenshot of a web search for "prince william net worth" showing a number of results with snippets including a number of different values.