What Does Hopium Mean?
The term “Hopium” merges the words “Hope” and “Opium”, a drug. Used among online communities, “Hopium” is an internet slang term that is used to mock blind hope or optimism.
The word “Hopium” can sometimes describe a fictional drug that one would take when in need of hope.
What Does Hopium in Crypto Mean?
In crypto, “Hopium” describes an investor who holds false, unwarranted hope in their investments. For example, “Hopium” describes an investor who believes a dead coin still has potential and will moon. The term suggests that the investor is blinded by denial.
The term “Hopium” is also related to “Copium”, which is used in a situation where an investor might not be able to “cope” with hard truths. While both terms share similarities in their usage, they are not related as they are used in different contexts.
In essence, “Copium” refers to the coping mechanisms used to deal with an unfavorable situation. While “Hopium” is used to describe unfounded hope.
Connotation
The term carries a negative connotation as it is used to mock individuals with unrealistic hopes. Sometimes, the term is used to describe themselves in a self-mocking manner.
Examples
Here are some ways “Hopium” can be used:
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Some Hopium for the degens
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Here’s a bit of hopium for us all
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Wen BTC 100k #Hopium
5x for #BTC will be $150,000 & $6Tr MC.
— Crypto Coach 🐒📈💰 (@WisdomMatic) July 10, 2023
Not impossible but Easy on the hopium Dawg. https://t.co/mgpry4ROYz
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