What Does HFSP Mean?
"HFSP" is an abbreviation for “Have Fun Staying Poor”. The term is used particularly among crypto communities, mocking others that do not have investments in cryptocurrencies.
The term is used to dismiss skeptics who doubt the legitimacy and value of cryptocurrency investments. This is founded on the belief that individuals who are not holding said investments will miss out on significant gains.
Connotation
The term carries a negative connotation as it has an arrogant undertone and is generally used to dismiss or mock someone. The term “HFSP” is also loosely related to “NGMI”, an abbreviation for “Not gonna make it”.
Examples
Here are some ways “HFSP” can be used:
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If you sold your bag, you're NGMI. HFSP
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Did you buy it, Anon? Or HFSP
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Missed this one. Guess I’m going to HFSP
First they laugh at you
— Balaji (@balajis) September 27, 2021
Then they hfsp because they ngmi
Hwee Yan has been involved in the cryptocurrency space since 2021. Currently pursuing a degree in Linguistics and Multilingual studies at Nanyang Technological University, she is a writer who is mainly interested in NFTs, crypto trends and memecoins. Follow the author on Twitter @cryptohy8