Quote from: Slimzeee on August 13, 2025, 11:36:08 AM

So my naija people, The purpose of this thread na to bring out some specific terms that are re occurring on this forum for enlightenment. Wheather you be newbie or frequent user. You go learn 1 or 2 from this thread.
Bitcointalk forum has been designed to ensure the proper tranfer of knowledge of bitcoin to the general public so while you dy navigate the forum, you go come across some of this terms.

DYOR: Do your own research: This one na mainly advice and e mean say make you first checkmate everything before you put hand, be it buying, trading, holding etc. Make you ensure say you no dy take decision just anyhow or maybe out of watin you just read for few seconds. Try dy grounded first and no allow any rushing. When you do reserch first before you make decision, e go save you alot of "had i known"
If you want understand why your own reseach dy important, see some threads here
https://bitcointalk.org/index.php?topic=5546657.0

P2P: This one means PEER TO PEER: You go see this term mostly for transaction topics, E be like buying or trade by batter. Na just system wy be say them go match you with person wey wn sell the coins you wan buy. So instead of you to buy from exchanges, you fit buy directly from them like how you dy do for market but the thing be say you gats shine you eye well well make them no run you street.
To see the common ways them go wan job you if you no wise see this threads
https://bitcointalk.org/index.php?topic=5551154.0
https://bitcointalk.org/index.php?topic=5551405.0

Seed Phrase: If you don watch movies well well, you go see say when 1 senior man get better money inside ihm house or office, e get 1 lock like that wy be say na only him get the pattern to open am, Na so seed phrase just be. They are usally 12, 18 or 24 words wy you fit use access or recover your wallets where you keep your assets. No forget say if anybody get access to that senior man lock pattern, them fit access am come do anything them want. Same as your seed phrase. If somebody else get am then them fit use your assets do anything, if you loss am then your own don be be that so try dy protect am by any means necessary.
To know how to protect your seed phrase, see some of this threads:
https://bitcointalk.org/index.php?topic=5552830.0
https://bitcointalk.org/index.php?topic=5552729.0
https://bitcointalk.org/index.php?topic=5551875.0

HODL: This one originally mean HOLDING. And e mean say make you continue to dy hold your bitcoin and make you no really sell am. Observe say them spell am as HODL instead of HOLD because of 1 post wey 1 of the earliest bitcointalk users been make that mistake. So now them dn convert am to "Hold on for Deal Life" and e still mean same thing which is continue to hold your bitcoin
See the link to the original post here; https://bitcointalk.org/index.php?topic=375643.0

Wallet: Just like your regular wallet where you keep your personal money, I.D cards etc. A wallet is a tool that helps you to store, send and receive cryptocurrencies like Bitcoin eg Trust wallet, Meta Mask

Exchange: Exchange are usually confused most times with Wallets, The thing about seed phrase be say them dy give you platfrom to fit buy or trade your Bitcoin or any other coins.
See this: https://bitcointalk.org/index.php?topic=5551444.0

Moderator (MOD): Moderator for this forum na people wey dy help organize each section of forum to ensure say topics dy for their right position mae people fit easly find them. If moderators no dy them different post go just scatter everywhere. If you mess up self them fit Ban or suspend you if you go againts the rules of the forum.

FOMO: The full meaning na "Fear of Missing Out" This na exactly your outcome or when you never do proper reearch and you just want invest. Na that fear say if you no rush do things you no go fit meet up or you go miss out on good chance.

Merit:This one be like token of appreciation if you make better post wy fit help people for the forum

Make i hold on for this point
Other people una fit add more make people learn

Nice one bro you really break things down well make I just add small join the thread because some important terms still remain wey go help newbie’s understand crypto and this forum better.

Airdrop
Satoshi
Whale
Gas fee

Airdrop free token giveaway wey project dey use promote their new platform but shine eye many fake ones dey.
Satoshi this na the smallest unit of bitcoin 1bitcoin = 100 millions Satoshi sometimes people Dey use sats instead of saying small bitcoin.
Whale this na person group wey hold largest amount of a coin if them make move market fit shake.
Gas fee na transaction fee wey you go pay any time you dey send crypto especially for ethereum and similar networks sometimes e high sometimes e low