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
. What do you think guys and gals?