CORE BITCOIN
HODL
Hold On for Dear Life - never selling your bitcoin.
SATS
Satoshis - the smallest unit of bitcoin (0.00000001 BTC).
WHALE
An individual or entity holding a massive amount of bitcoin.
FOMO
Fear Of Missing Out - buying bitcoin because the price is rising.
FUD
Fear, Uncertainty, and Doubt - negative misinformation spread about bitcoin.
TO THE MOON
The belief that bitcoin's price will rise exponentially.
NOCOINER
Someone who does not own any bitcoin.
ATH
All Time High. The moment bitcoin reaches its maximum historical price.
BITCOINER
Someone who understands and is dedicated to bitcoin.
MAXIMALIST / MAXI
Someone who believes bitcoin is the only viable digital asset.
FIAT
Legacy government currency backed by decree, not proof of work.
GENESIS BLOCK
The very first block of the bitcoin blockchain mined by Satoshi.
WHITE PAPER
The original document detailing bitcoin's technical design.
COLD STORAGE
Storing bitcoin private keys offline for maximum security.
HOT WALLET
A bitcoin wallet connected to the internet.
NOT YOUR KEYS, NOT YOUR COINS
If you don't control private keys, you don't own the bitcoin.
ORANGE PILL
The process of helping someone understand the value of bitcoin.
STACKING SATS
The practice of regularly buying small amounts of bitcoin.
FIAT MINE
Your regular job.
HALVING
The event every 4 years where the supply of new bitcoin is cut in half.
BLOCK HEIGHT
The number of blocks connected together in the blockchain.
CONFIRMATION
When a transaction is included in a block on the blockchain.
PRIVATE KEY
A secret code that allows you to spend your bitcoin.
PUBLIC / wallet ADDRESS
The destination where people can send you bitcoin.
SEED PHRASE
A list of words used to recover a bitcoin wallet. (Which you never give to anyone. EVER.)
LIGHTNING NETWORK
A second layer protocol for instant, cheap bitcoin payments.
MINING
The process of securing the network and issuing new bitcoin.
HASH RATE
The total computational power securing the bitcoin network.
PROOF OF WORK
The consensus mechanism that makes bitcoin secure and scarce.
DECENTRALIZED
No central authority or middleman controls the network.
IMMUTABLE
Once a transaction is confirmed, it cannot be changed or reversed.
SCARCITY
There will only ever be 21 million bitcoin.
SOVEREIGNTY
Absolute control over your own wealth and data.
SELF-CUSTODY
Holding your own keys or seed phrase.
DIAMOND HANDS
Bitcoiner who refuses to sell their bitcoin. A symbol of strong conviction.
BITCOIN COMMUNITY CODE
WEN LAMBO
Asking when someone will be rich enough to buy a lamborghini.
FEW UNDERSTAND
Bitcoin is difficult for most people to fully grasp.
WEN MOON
Asking when the price will massively increase.
Send it
The act of going all in.
NGMI
Not gonna make it, finncially or mentally.
WAGMI
We are all going to make it, financially or mentally.
MOONBAG
Bitcoins held hoping for massive future gains.
SER
Deliberate spelling for 'Sir'.
CITADEL
Imaginary wealthy bitcoiner fortress future.
SHRIMP
Small bitcoin holder.
Someone who is destroyed financially.
REKT
BULLISH
Positive outlook on bitcoin.
BEARISH
Negative outlook on bitcoin.
SIGNAL
Valuable information given or received.
ANON
Anonymous user of bitcoin.
BASED
Strongly approve.
DEAD CAT BOUNCE
Temporary recovery before prices fall again.
HOPIUM
Optimism during bad markets.
COPIUM
Fake confidence during bad markets.
FACE MELTER
Extremely powerful price rally.
DIP
When the price of bitcoin is falling.
BTD / BTFD
Buy the Dip. Buy the Fffffin dip. Telling someone to buy bitcoin because price is low.
PROBABLY NOTHING
Used sarcastically when something clearly important is happening.
TOUCH GRASS
Telling someone to log off and go outside for a while.
SPEND AND REPLACE
Spending bitcoin and re-buying immediately.
MAGIC INTERNET MONEY
Old joke term for bitcoin.
21M
Bitcoin's 21 million supply cap.
LASER EYES
Someone who has really opened their eyes to bitcoin.
HYPERBITCONIZATION
Bitcoin becoming dominant global money.
PUMP
Rapid price increase.
DUMp
Sharp sell-off.
PUMP AND DUMP
Artificial hype followed by mass-selling.
BAG
Someone's holdings.
DYOR
Do Your Own Research. Don't trust, verify.
HFSP
Have Fun Staying Poor - often said to bitcoin critics.
THIS PAGE EXISTS TO EDUCATE AND DECODE BITCOIN CULTURE • ANYTHING CONTAINED HERE SHOULD NOT BE TREATED AS FINANCIAL OR INVESTMENT ADVICE •