Like stock traders, Bitcoin owners enjoy the risk and payoff of trading. See how technology and economics combine in a list of trading lingo and financial abbreviations. AML - Anti-Money Laundering. ATH - All-Time High. ATL - All-Time Low Miscellaneous terms SATS – Satoshis. A Satoshi is the smallest denomination of a Bitcoin, it’s a hundreth of a millionth, or 0.00000001 BTC. Tx – Trans A situation the price of a coin rapidly increases in value. Can also be used as: “I hope bitcoin goes to the moon” Node: Any computing device that connects to the blockchain network. Open source: The practice of sharing the source code for a piece of computer software, allowing it to be distributed and altered by anyone. OTC: Over the counter. Trading is done directly between parties. P2P ... A Glossary of all the Cryptocurrency Terms you need to know. 1. Bitcoin: When the B is capitalized, it represents the overarching concept of Bitcoin: The technology, the community, the protocol, and the software. 2. bitcoin: When the b is not capitalized, it is describing the unit of currency. 3. Altcoins: Alternative cryptocurrencies to Bitcoin. A Airdrop. Meaning: Airdrop is an ICO distribution method that occurs via a hard fork attempt, free of charge.Airdrops can come as a surprise or be announced beforehand. Term used in a sentence: I would never buy that cryptocurrency, it’s worthless.But hey, I got the units through an airdrop so no harm in that I guess. – I use the Bitcoin Core Client for my Bitcoin-transactions. ... #SAJ #CANDLE = Huge green candle#SHITCOIN = A coin with no potential value or use; The smallest unit of Bitcoin, named after the creator of Bitcoin, Satoshi Nakamoto. One Satoshi is worth 0.00000001 Bitcoin. A Bitcoin “cent”, the smallest form of Bitcoins. One Bitcoin is equal to 1 million Satoshis. the creator of Bitcoin a #Bitcoin_Fiat money is the currency that a government has declared to be legal tender, but it is not backed by a physical commodity. The value of #Bitcoin fiat money is derived from the relationship between supply and demand rather than the value of the material that the money is made of #Cryptocurrency_wallet. Miscellaneous terms SATS – Satoshis. A Satoshi is the smallest denomination of a Bitcoin, it’s a hundreth of a millionth, or 0.00000001 BTC. Tx – Transaction. TxID – Transaction Identification. TPS – Transactions Per Second. ZK – Zero Knowledge. P2P – Peer to Peer. ALT – Alternative Cryptocurrency, often used as a prefix to Altcoin It’s true that the value of one bitcoin has gone from around $300 in 2015 to above $8,000 in recent weeks. If you had invested $100 in bitcoin in 2011 that bitcoin would be worth over $2.5M today.As discussed, Bitcoin’s “blockchain” allows for the creation of a unique and scarce digital asset where everyone knows the history of each bitcoin. A single bitcoin is not just a string of ...
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