Can you explain the meaning of stonk in relation to cryptocurrencies?

3 answers

• bryan joresSep 21, 2020 · 5 years ago
  Stonk is a slang term used to describe a strong and positive movement in the price of a cryptocurrency. It is often used to express excitement or enthusiasm about a particular cryptocurrency's price going up. For example, if someone says 'Bitcoin is stonking!', it means that the price of Bitcoin is experiencing a significant increase. This term is derived from the word 'stock' and is used humorously in the crypto community to refer to the price movement of cryptocurrencies.
  478

  239
• Timo PatekJul 17, 2020 · 5 years ago
  Stonk, in relation to cryptocurrencies, refers to a situation where the price of a cryptocurrency is rapidly increasing. It is similar to the term 'stock' in the traditional financial market, where a stock that is performing well is said to be 'stonking'. In the crypto market, stonk is often used to describe a bullish trend, where investors are optimistic about the future price movement of a particular cryptocurrency. It is important to note that stonk is a slang term and should not be confused with a technical or official term used in the cryptocurrency industry.
  570

  190
• Landon MossOct 19, 2020 · 5 years ago
  As an expert in the cryptocurrency industry, I can tell you that stonk is a term commonly used by traders and enthusiasts to describe a significant increase in the price of a cryptocurrency. It is often used in a humorous or informal context to express excitement about a cryptocurrency's price going up. However, it is important to approach the term with caution as it is not a technical or official term used in the industry. It is more of a slang term that has gained popularity within the crypto community. So, if you hear someone saying 'Bitcoin is stonking!', they are simply expressing their enthusiasm about Bitcoin's price increase.
  641

  161