![]() ![]() On a memorable day in 2014 (October 5), he finally sold 30,000 BTC in a block! at a price of $300 over Bitstamp. He HODLed these Bitcoins for a long time until the discussion about reducing the blocksize shook his confidence and he decided to sell. According to his own account, a large part of his lifelong savings was invested at a price of about $8 per BTC. The exchange happens at a predetermined rate and does not require an→ exchangeīagholder - someone holding onto an altcoin that has dropped in price, with the intent of holding onto it until it increases in price, to where they originally purchased at.ī2B - B2B is an abbreviation for business to business, in contrast to →P2P or →Peer to Peerīearish - an expectation of when the price is set to decrease.īearWhale - The so-called BearWhale is a user unknown to date, who owned at least 36,000 Bitcoin in the years 2013 / 2014. When a cryptocurrency breaks its current record with regard to price.Ītomic swap - An atomic swap is a token exchange of two coins located on different → blockchains, which takes place → on-chain. Specialized silicon chips which process SHA-256 algorithms in order to mind cryptocurrency and validate transactions.ĪSIC Miners - the actual hardware which is used to house the ASIC silicon chip which is inherently connected to the Internet.Īsk - The price for which market participants are willing to sell their →Coins. Yes, I do mean ANY!Īntminer - An antminer is a popular mining hardware, produced by →Bitmain.Īrbitrage - taking advantage of the different cryptocurrency prices, of the same coin, from one exchange to the other.ĪSIC - stands for Application Specific Integrated Circuit. Sites like Airdropking are specialized in finding the latest Airdrops.Īltcoin - any cryptocurrency that isn’t bitcoin. For some Airdrops you have to actively do tasks to get them. New projects sometimes give away some of their coins to promote their product. ![]() It is often claimed that →Whales projects →fudden to accumulate as many coins as possible at a low price.Īirdrop - An Airdrop refers to the distribution of free → coins. It is important to note that for every transaction a different address should be used.Īccumulation - Accumulation means to buy as many coins as possible at the lowest possible price. This is the only information required to receive payment in Bitcoins. The most complete collection of Bitcoin & Crypto Vocabulary! The Crypto community has developed a vocabulary of its own and it can be a bit confusing in the beginning, but don't worry, after reading this you will most probably be a bit more fluent in the jargon of the Bitcoin lingo.Īddress or public key - Your Bitcoin address can be likened to your bank account number or e-mail. ![]()
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