The smallest unit of Bitcoin, equal to 0.00000001 BTC.
The underlying technology of Bitcoin, a decentralized ledger that records all transactions across a network of computers.
A digital tool that allows users to make electronic transactions with Bitcoin.
Private and Public Keys
Cryptographic keys that are central to Bitcoin security, with the private key used to sign transactions and access one’s funds, and the public key used as an address to receive funds.
Cryptographic Hash Functions
Particularly SHA-256 in Bitcoin, used for mining and the creation of addresses.
The process of validating transactions and adding them to the blockchain while earning new bitcoins as a reward.
Proof of Work (PoW)
A consensus algorithm used in Bitcoin to prevent double-spending and maintain trustless consensus.
The reward miners receive for solving the cryptographic puzzle related to a block.
An event occurring approximately every four years, where the block reward for miners is halved, reducing the rate at which new bitcoins are created.
Platforms where people can buy, sell, or trade Bitcoin and other cryptocurrencies.
An order to buy or sell Bitcoin immediately at the current market price.
An order to buy or sell Bitcoin at a specific price or better, which can help manage trading strategies.
An order that becomes a market order once the price of Bitcoin reaches a specified level.
The ease with which an asset, like Bitcoin, can be bought or sold in the market without affecting its price.
The degree of variation in Bitcoin’s price over time, often considered high compared to traditional assets.
FOMO (Fear of Missing Out) and FUD (Fear, Uncertainty, Doubt)
Common emotional drivers in the crypto trading community that can significantly impact market behavior.
A misspelling of “hold” that has become a mantra in the crypto community for long-term investing.
The practice of taking advantage of a price difference between two or more markets, a common strategy in crypto trading.