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  1. Home
  2. /Glossary
  3. /Based
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cryptocurrency

Based

An approval term meaning authentic, bold, or worthy of respect.

Definition

An approval term meaning authentic, bold, or worthy of respect. A based take is an opinion that goes against the mainstream but is seen as correct or admirable. 'That's based' is a compliment. Building in a bear market is based. Panic selling during a dip is not based.

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Related Terms

Chad

In crypto culture, someone who makes bold, confident moves that pay off.

Degen

Short for 'degenerate gambler,' now used affectionately in crypto for someone who takes high-risk bets on new coins, yield farms, or NFTs.

Diamond Hands

Holding an investment through extreme volatility without selling.

Address Poisoning

A scam where attackers send tiny transactions from addresses that look similar to ones you've interacted with, hoping you'll accidentally copy the wrong address from your transaction history.

AI x Crypto

The intersection of artificial intelligence and blockchain technology.

Airdrop

A marketing strategy where crypto projects distribute free tokens to wallet addresses.

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