Have Fun Staying Poor

Have Fun Staying Poor is a slang catchphrase you’ll most likely encounter on Twitter, Discord, or another social media platform after you’ve sold Bitcoin or any altcoin for that matter before you should have actually sold.

It’s an insult. You’re getting insulted for making the wrong decision or even thinking about doing something that others don’t agree with is a good idea.

Bitcoiners were thought to originate the phrase toward anyone thinking about selling Bitcoin (BTC) or to those who actually sold.

It’s a bit trash-talk, a bit “open your mind to the possibilities of XYZ”, a bit of advice that you should consider your financial situation before doing anything that will undoubtedly make you poorer than you are today if you go ahead with it, a bit pat on the back for hanging in there through all of the volatility.

Have Fun Staying Poor means many things, but in the end, it’s what you make of it.

Related Terms

Bitcoin (BTC)

Bitcoin (BTC) is most well known as a digital decentralized cryptocurrency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer Bitcoin network without the need for intermediaries, such as payment gateways or banks or routing services. Think of bitcoin as Internet money, that you can send and receive directly, to and from anyone, and you can use it to pay for stuff.

Bitcoin ATM (BTM)

A Bitcoin ATM (BTM) is an ATM machine that lets you buy and sell Bitcoin (BTC), transfer Bitcoin (BTC) to someone else, and some even let you sell Bitcoin (BTC) and withdraw cash. Surprise! A Bitcoin ATM is very similar to a traditional bank ATM, in that you can deposit and withdraw fiat money. To […]

Hard Fork

A Hard Fork is a permanent split of a blockchain into two separate networks that will coexist simultaneously, running in parallel, but not affecting one another.

Halving

The halving reduces the rate at which new bitcoin is created, specifically reducing block rewards, and in effect, reducing the incentive for miners to continue their work of securing the network.

Changpeng Zhao (CZ)

Changpeng Zhao, also known simply as CZ, is a Chinese-Canadian entrepreneur most well known as the founder and CEO of Binance, the world’s largest cryptocurrency exchange. After the collapse of FTX, and after committing $2b BUSD to a recovery fund to help distressed crypto assets, CZ is seen by some as the new savior or white knight of rypto.