Bitcoin vocabulary

[Pumapipa]

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!

[1714674898]

1714674898

[1714674898]

1714674898

[tukiMiN]

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

[HabBear]

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.

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

#iamhodling

[Immakillya]

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.

[shimbark123]

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.

[franco123]

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

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.

[Cloud27]

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.

[Prettyme]

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

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.

[Hachijuusan]

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.

[californiaquail]

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

[AGD]

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

[jackhdt]

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...

[Immakillya]

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.

[francesyrus]

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

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 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?

[Kprawn]

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

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} 

[UsernameBitcoin]

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!

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

[Joel_Jantsen]

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.

[Pumapipa]

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.

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!

[xiboothrezi]

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.

 

[AngelDeveloper]

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

FOMO - Fear of missing out