Bitcoin Glossary

Bitcoin Glossary

Every important Bitcoin term explained.

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Bag Holder

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.

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Don't Trust, Verify

Instead of Trusting someone who said they sent you crypto, you can Verify whetner or not the transaction was completed

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HODL

HODL became a meme after a user on the Bitcointalk.org forums wrote HODL instead of HOLD.

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Not Your Keys, Not Your Coins

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.

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Virgin Bitcoin

Virgin Bitcoin are Bitcoins that are purchased directly from miners.

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