Bitcoin Forum

I am actually getting a grip on some of the terms used here. So far here are the terms I am familiar with:
1. Volatile - swinging of prices in extreme ends or prices suddenly change?
2. Fiat - usually refers to paper money
3. Altcoins - coins aside from bitcoin

Can you share some of the terms you know? It would be a very big help to widen each others bitcoin vocabulary.
Thank you very much!

1. PO (payout) = Payment of a mining / hyip / PTC site etc into our account
2. WD (withdraw) = bitcoin transfer process from mining / hyip / PTC account etc into bitcoin wallet
3. Scam = brief explanation of "Not Paying"
4. Ripper = in the bitcoin world Ripper is often interpreted Fraudsters
5. Mining = mined ... ie mined bitcoin, to do mining we usually required to buy mining tools on a web (cloudmining) there are 2 types of mining that is mining hardware and cloudmining
6. Trading = doing the buying and selling activity on bitcoin exchanger sites
7. Exchanger = exchange place bitcoin to Usd and other coin2
8.Wallet = wallet / storage bitcoin

that's all I remember. there is already a trhead that gives information about the term in bitcoin

HODL: verb, philosophy; to buy and hold your Bitcoin, especially when the value is dropping like a bikini clad vacationer jumping off a cliff. More recently been assigned the acronym meaning "hold on for dear life".

The term originated from this forum post. (https://bitcointalk.org/index.php?topic=375643.0)

If you see someone yelling "Sell! Sell! Sell!" there will be 10 of us lurking about to say "Hodl! Hodl! Hodl!"

#iamhodling

These all i know

1. ASIC(Application Specific Integrated Circuit) - a device used to mining bitcoin. Its usually installed to a computer.

2. Blockchain - the system used by bitcoin. This is a decentralized system that's why bitcoin is decentralized.

3. Mining - terminology for discovering and solving blocks. Mining bitcoin gives you rewards. It is called mining reward

4. Signature - it used to prove your ownership of your wallet. It consists of numbers and letters.

5. Wallet - used to store your bitcoin. It's either online, offline or hardware wallet and

6. Address - consists of alphanumeric characters. The only way to receive bitcoin from other wallets.

There are a lot of words or terminologies in bitcoin and on cryptocurrency world :). This is all I know.

Wallet- this is where you store all your bitcoins or wallet for any other cryptocurrency that exists.
Dump- This is where the price of a coin go down.
Pump- Opposition of dump. Where price of a coin go up.
Exchangers- This is where you wanted to make your btc into other coin.

And many more I'll edit this post once I know other terminologies.

This is an interesting topic.

1) Cryptocurrency - Refers to the digital currencies like Bitcoin itseslf.
2) coins.ph - The most commonly used Bitcoin wallet in the Philippines.
3) Cash out - Selling your Bitcoins by converting it to cash.
4) Signature campaign -  Participation to advertise an ICO or other cryptocurrency related brands.
5) Rank - Rank in the Bitcoin forum that determines the rate for signature campaign.

This is how I understand these words.
Escrow - a third party selected and trusted by two individuals to mediate to their transactions.
Bounty campaign - is a marketing strategy employs to promote a certain project.
Forking - it is a network split that will create another crypto currency.
Airdrop - it is a free crypto coin that is being dished out by a certain project to the wallets of the crypto community.

Thank you so much for sharing your bitcoin vocabulary. With that i really learned the terms they are using in bitcoin. Sometimes i really have a hard time in understanding what they are saying because of the terms they are using. So this is so helpful especially for us as a beginner.

This is a great thread for beginners and I will definately follow this thread.
I am new in the "scene" and can´t ad descriptions at the moment, but will do, if I hear something, which isn´t shown in here.

HODL : This one is quite easy but you will come across it quite often.

Coin  ( Bitcoin, Dash, Litecoin )  : An independent crypto currency, meaning it has its own blockchain ( = big decentralized ledger, you might want to google this one )
Token ( Golem, Status, Adex are tokens issued based on the Ethereum blockchain ) : A sub-coin, meaning that it was issued based on the blockchain of another coin.

HODLING/Holdingis the act of buying a coin or a token and just do nothing with it, in the hope that its value will increase.

Some Bitcointalk member started a thread years ago misspelling "holding" while he was drunk, last thing we know it quickly became a meme ( just google image HODL ) .

https://bitcointalk.org/index.php?topic=375643.0

You might want to avoid using that especially if you're new to this industry, since it's mostly used by kids and "low grade noobs" and can be quite annoying.



Welcome by the way

SigSpammer - One who keeps posting rubbish to raise post count to make money with signatures. Not very welcomed by some of the members.

Thank you for the post. Read share of you I know more are some of the terms. here are some words I know:
hodl: buy and hold your Bitcoin
dump: the price of a coin go down
pump: the price of a coin go up
trade: buy and sell
exchanger: exchange place bitcoin to Usd and altcoin
Wallet: storage bitcoin
bitcoin address:  address receive bitcoin...

Here's mine.

Bull trap - Trading terminology, set by investors in a stock who will buy large amount to cause an artificial movement of the price upward. In short false bull market.

Escrow - the person who's intermediate between two traders to secure the exchange. Also called middleman.

Exchange - it is the market where you can buy and sell cryptocurrencies to get some profits.

FUD - Fear, Uncertainty and Doubt. It's the way to scare people so they will be hesitant on buying cryptocurrencies. Also the cause why the price dump.

Pump and Dump - large group of investors who will buy large amount to drive the price upward and publicized it. Its deceiving people because many will fall to the bull trap. Then sell after the price pumped up.

This is very informative topic. This can be helpful for beginners in the world of bitcoin.  Maybe someone can compile all terms that will be posted here and lets named it BITCOINARY. What do you think guys and gals?

You should also explain "Cloudmining" for people to know the difference between normal Crypto currency mining and "Cloud

mining" -- Cloud mining or cloud hashing enables users to purchase mining capacity that of hardware in data centres. ...

Bitcoin cloud mining, sometimes called cloud hashing, enables users to buy the output of Bitcoin mining power from Bitcoin

mining hardware placed in remote data centres. So you do not own the hardware, but rather mine with hashing power

being generated by other people's hardware {In theory, but seldom what is happening... most of these sites are just Ponzi

scheme, pushing fake numbers and moving money around}

Normal mining is done with your own hardware {ASIC miners}  ;)

Exchange - somewhere to trade cryptocurrencies

Wallet - where you hold and send/request Bitcoin

Fork - when a copy of the blockchain is made and changes are also made to the code to create a new (and often improved) coin

Nice to see such interesting threads popping up in this section once in a while.Although most of those terms mentioned here aren't really use outside of the forum but may come handy if you're planning to contribute here.Can't really think of anything at the moment but
 
1.To The Moon - When bitcoin prices keep going higher.
2.ShitCoins - Almost half of the altcoin section,usually trashy coins.
3.TX - Refers to transaction id.

Okay, I thank you for this useful terms, but may I ask or clarify the meaning of the ff:
1. Escrow- are these synonymous to what we call moderators here in the forum? Or are they the ones on the coins exhanges field?
2. Airdrop - when does an airdrop actually happen? And who will determine which wallet or users will benefit from these? Are they unsold  cryptocoins from their previous pre selling?

Any clarifications on these ones are very much appreciated! :)

bitcointalk: a forum that talks about bitcoin.

stakes: rewards are commonly used in the signature campaign, which will be calculated with the coins followed by the project.

 ;D

I've seen FUD mentioned (Fear, uncertainty, doubt) but haven't seen:

FOMO - Fear of missing out

Bounty - A reward that is relevant to which is the first person who finish specific task or job, most payments are cryptocurrency based.
BT - Refers to this forum bitcointalk.
Scamcoin - An altcoin that is created for the sole purpose of scamming or stealing peoples money specially the one who is invested on it.
Faucet - A type of website that gives free bitcoins or any other type of coins to the newbies.
Genesis Block - The very first block in the blockchain that is released by satoshi nakamoto.

main words

BTC:  A common unit to describe one bitcoin, as USD represents one United States Dollar.
Bit:  There are 1,000,000 bits per bitcoin so 1 bit = 0.000001 BTC.   Cheaper items are denominated in bits.
Satoshi:  The penny of bitcoin.  1 Satoshi = 0.00000001 BTC  This is the smallest measurement of bitcoin.
Bitcoin:  Bitcoin with a capital ‘B’ is used to describe the the network or protocol that bitcoin runs on, bitcoin with a lowercase ‘b’ represent the digital token or money that that is used on the Bitcoin network.
Bitcoin Address:  Also known as a public key, is like an email address.  Give your bitcoin address to anyone who you want to receive a payment from.  It is best practice to use a new bitcoin address for each of your transactions.
Wallet:  Where you store your bitcoins. A bitcoin wallet is a program that manages all of your bitcoin addresses and allows you to save or spend your bitcoin.
Block:  A block is group of bitcoin transactions that are being processed & confirmed.  Roughly every 10 minutes a miner will find a new block, which will confirm any bitcoin transactions that were processed during that 10 minutes.
Confirmation:  A confirmation means your transaction was processed by bitcoin miners and added to a new block on the blockchain.  It is generally accepted that after 6 confirmations your transaction has been set in stone globally and cannot be reversed by anyone.
Blockchain:  A publicly shared record of every bitcoin transaction that has ever been processed.  The blockchain is in chronological order to easily navigate where your bitcoins came from and where they go after you send them to someone else.  Every ten minutes a new block is added to the blockchain through mining.
Double Spend:  When a malicious user tries to send their bitcoin to two different people at the same time to pay for several services with the same bitcoin.  It is up to miners to decide which of the transactions is accepted into the network.   One transaction will receive confirmations, the other will be rejected by the network.  Most users never have to worry about double spend attacks, they are rare and difficult to pull off.
Mining:  Bitcoin mining is making computers do complex mathematical calculations for the Bitcoin network to confirm users bitcoin transactions in a block.  Bitcoin miners greatly increase the security of the network and are rewarded with new bitcoins and transaction fees for their efforts.
Hash Rate: Is a measurement of computer processing power of bitcoin miners.  Miners earn bitcoin for their share of the network hash rate, so they are incentivized to have the highest hash rate possible.  This works out for everyone because the security of the Bitcoin network increases as the network hash rate grows.

Private key.  Every public key (bitcoin address) has a private key associated with it.  A private key is a secret piece of data that proves your right to spend bitcoins from your wallet.  Your private key(s) are stored in your computer if you use a software wallet; they are stored on some remote servers if you use a web wallet.  If you don’t encrypt your bitcoin wallet it makes it easier for someone to steal your private keys.  Anyone with access to your private keys can spend your bitcoin from any computer worldwide.

51% attack
A condition in which more than half the computing power on a cryptocurrency network is controlled by a single miner or group of miners. That amount of power theoretically makes them the authority on the network. This means that every client on the network believes the attacker’s hashed transaction block. This gives them control over the network, including the power to:

• Issue a transaction that conflicts with someone else's.
• Stop someone else's transaction from being confirmed.
• Spend the same coins multiple times.
• Prevent other miners from mining valid blocks.

Pool
A collection of mining clients which collectively mine a block, and then split the reward between them. Mining pools are a useful way to increase your probability of successfully mining a block as the difficulty rises.

Priority
A scoring mechanism to help ensure that expensive data storage isn't consumed by lower quality and spam. Low priority transactions will not get included by a miner if the limited space is already filled by higher priority transactions. A transaction fee will affect priority.

Transaction Fee
A voluntary fee which can be added to a transaction which is used as an incentive to add the bitcoin transaction to a block. The fee determines the likelihood of inclusion in any given block, where a high fee included with a transaction has a priority over transactions with a lower fee included or no fee at all.

Hard cap: The maximum projected amount during ICO token sale
soft cap: The minimum projected amount during ICO token  sale
ICO: initial coin offering
bounty hunters: freelancers that are always ready to advertise bounties
segwit: segwit is a process by which block size in blockchain is increased by removing signature data from transaction.
Token: Digital asset that have value equivalent to fiat currency

Interesting thread - bitcoin vocabulary could grow and expand as time goes on too. Could be good to reference this thread

If you are looking about bounty stake information. The payment for the campaigning will be distributed in the forum of tokens with the multiple percentage increment stakes. Some may paid via altcoins they are using.

General signature earnings will be paid in the form of bitcoin for weekly and monthly basis. If you wish to know about any concern project exactly what they are paying you have mention its name to get in detail.

Some of the bitcoin vocabularies that I know are these terms like cryptocurrency that refers to the digital currencies like Bitcoin itseslf, wallet is where you store all your bitcoins or wallet for any other cryptocurrency that exists and the term exchangers in which is where you wanted to make your bitcoin into other coins.

Thanks for sharing. This is very helpful for some bitcoin users who sometimes cannot understand what the term inside a thread (just like me). I find it hard to join a discussion here because of the terms used. I will stay updated in this.  Thank you very much.

heres some

 Shitcoin - coins with broken blockchain
 Shills - who promotes shitcoins
 Noobs - a seasoned crypto trader
 PoS- proof of stake
 PnD (Pump and Dump)
 FOMO - Fear Of Missing Out
 FUD - Fear, Uncertainty and Doubt
 Whale - big player in trading
 HODL - hold on to dear life , simply means dont sell

Thank you very much this post, its really helpful, specially for non native english readers
Acronyms and abbreviations sometimes are very confusing

can i contribute too
Satoshi- penny of bitcoin, the smallest measurement of bitcoin
POW - proof of work
POS  - proof of stake
Hash - used for confirming coins transaction
Bitcoin Address- Also known as a public key, is like an email address
Bitcoin Wallet - Where you store your bitcoins

I marked the nonsense in bold. Find out by yourself.

segwit = segregated witness
hf = hard fork.
i know these word by someone in this forum while talking about 1 august.

My question is, if mining can be done using a hardware usually, what hardware do you use? What are the specifications and how does it work. Second question will be, how is mining and faucet differ? I have seen a website that promises satoshis like every minute. Just by clicking. Is this fraudulent? Or should I go into it?

How do you determine a SCAMCOIN from the rest of the altcoins? It is quite disappointing that some people actually takes advantage of other peoples money to make money for their selfish ambitions. And I think it should be banned from trading sites like liqui or possibly banned from making campaigns as well.
On the other hand, Can you suggest a good faucet website? Planning to earn bitcoins even little by little.

I think FOMO is a term outside bitcoin. What do you think are the times when we use FOMO?

Faucets- are internet websites that give satoshis.
Altcoins- Alternative coins like ethereum, and others besides bitcoin.

I saw a post and I actually though hodl is just a mere  typo. It's fun knowing that it isn't xD

Can you also help me define the following?
Token sale
Crowd sale
 Are they the same?