Every important Bitcoin term explained.
A bag holder is someone holding a large quantity of a given cryptocurrency which has been purchased as a part of an investor’s portfolio that has not been sold.
Bitcoin Improvement Proposals (BIPs) are formal documents that propose changes, enhancements, or additions to the Bitcoin protocol or related processes.
Block height is a position in a blockchain, counted by the number of confirmed blocks before it.
The Bitcoin block subsidy refers to the part of the Bitcoin block reward that is given by the Bitcoin network.
Bitcoin Carnivores are a small group of Bitcoiners that eat only meat.
Bitcoin Dominance is a metric used to define the share of Bitcoin’s market cap compared to the rest of the crypto market.
Instead of Trusting someone who said they sent you crypto, you can Verify whetner or not the transaction was completed
DYOR stands for Do Your Own Research.
FUD is a form of psychological manipulation based on planting seeds of Fear, Uncertainty, and Doubt in the minds of potential investors.
The Bitcoin Halving, often referred to as the "Halvening," is a crucial event in the world of Bitcoin.
HODL became a meme after a user on the Bitcointalk.org forums wrote HODL instead of HOLD.
NGU (Number Go Up) refers to a fundamental characteristic of Bitcoin: that the price is almost always trending up.
Nocoiners don't hold or invest in crypto. They also spread and promote hate speech about Bitcoin and cryptocurrency.
When you have the private key you are responsible for and have complete control over the crypto contained in your wallet. By storing your coins on an exchange, you have to go through them for every transaction.
Precoiners are always on the verge making their first Bitcoin purchase. They'll always have an excuse as to why they haven't bought yet.
A seed phrases consists of a sequence of 12 to 24 words, generated using cryptographic algorithms.
Stablecoins are cryptocurrencies that are backed by government currencies, like the US dollar or euro.
Virgin Bitcoin are Bitcoins that are purchased directly from miners.