Glossary Archive - D-Central

Wick

When looking at Bitcoin price charts in “candle view,” you will see red candles and green candles, which represent the price movement of Bitcoin in a given time frame. ou

November 11, 2022

Weak Hands

Weak hands is a term used to describe people who capitulated and sold their Bitcoin at the first sign of trouble. Usually, people with weak hands will be badly affected

November 11, 2022

WAGMI

As more and more people on Bitcoin Twitter get excited about raising the price of Bitcoin or even dispelling baseless FUDs, one acronym that pops up is WAGMI. It means,

November 11, 2022

UTXHOE

A UTXHOE is a play on the bitcoin technical term a UTXO, which in Bitcoin refers to an unspent transaction output. While a UTXO refers to the coins currently in

November 11, 2022

Spook

Like ghosts in the mind, a “spook” is anything that a group of people, society, mainstream media, or influencers will lead you to believe is real, but it’s not –

November 11, 2022

Soft Fork

You can think of soft forks as upgrades to the existing Bitcoin blockchain. These upgrades go through extensive testing, discussion, and approvals by the entire network of nodes and miners

November 11, 2022

Smash Buy

To smash buy or smash that buy button is to take advantage of the Bitcoin spot price for that day or hour and pick up Satoshis for what is considered

November 11, 2022

Shitcoin

A shitcoin is a coin that provides absolutely no value. Value is of course subjective, but you can often tell that a part has just been made to make a

November 11, 2022

Shill

A “shill” is a snake oil salesman who tries to trick you into buying their shitcoin by relentlessly promoting their “potentially huge payouts”. There is, of course, no chance of

November 11, 2022

Satoshi

Satoshi is the smallest unit of Bitcoin. 1 Satoshi = 0.00000001 Bitcoin. It’s like a penny in USD. Since Bitcoin is superior to fiat currency, its divisibility is much greater,

November 11, 2022

SAFU

SAFU is more commonly used by shitcoin exchanges and projects that have suffered some kind of hack resulting in loss of funds. SAFU stands for “Safe As FUck“. It is

November 11, 2022

Rug Pull

Rug Pull is used by scammers who want to steal money from anyone stupid enough to fall for the pointless shitcoin hype. The scammers will quickly create a token on

November 11, 2022

Rekt

“Rekt” is an endearing slang term for “wrecked,” which is the emotion you feel due to a bad investment decision, like losing all your FOMO money in a shitcoin or

November 11, 2022

Red Candle

When you look at Bitcoin price charts (probably every two minutes if you’re like us), you’ll see red and green candles on the price charts. These candles show the price

November 11, 2022

Pleb

“Pleb” is short for plebian and is a slang term for a common, ordinary person. The kind of ordinary people like us who created TBM, trying to get by in

November 11, 2022

No-Coiner

A no-coiner has never heard of bitcoin or is someone who believes that bitcoin has minimal value and is doomed to fail. They do not hold bitcoin or are against

November 11, 2022

NGU

The term has been around since the beginning of 2017 as Bitcoin entered its third cycle of growth and the price started to reach absurd amounts in fiat unit prices.

November 11, 2022

NGMI

NGMI is just one of many terms that Bitcoiners use to communicate their displeasure with the particular behaviour of investors or those who have taken a stand against Bitcoin. NGMI

November 11, 2022

Moonboys

You will recognize a moonboy or a moongirl when you see one. You can casually scroll through a social media thread when out of nowhere you see a comment from

November 11, 2022

Mempool

All bitcoin transactions throughout history need to be recorded and secured on its blockchain-based ledger. As some call it, the blockchain or time chain is a database that records all

November 11, 2022

Ledger

A ledger is a record of all transactions that have taken place between different wallets on the Bitcoin blockchain. The Bitcoin ledger is publicly verifiable by anyone and is distributed

November 11, 2022

Laser Eyes

Laser Eyes Bitcoin Trend refers to a February 2021 social media trend among Bitcoin holding participants on Twitter, but has gradually turned into a battle cry for all Bitcoiners on

November 11, 2022

LARPer

LARP is an acronym that stands for “Live Action Role Play”. The main concept of real LARP is that you wear a costume and create a character in a fantasy

November 11, 2022

KYC

KYC stands for “Know Your Customer” and is an acronym often seen when using centralized services such as exchanges or lending platforms. The KYC process refers to registering a new

November 11, 2022

Hyperbitcoinization

The concept of hyperbitcoinization is that there will be a time when Bitcoin becomes the medium of exchange on planet Earth and replaces current fiat monetary policies, with everything we

November 11, 2022

Hopium

A marriage of the words ‘hope’ and ‘opium’, hopium is an imaginary drug that keeps you hopeful when things aren’t going your way or times are a little stressful in

November 11, 2022

Hodl

The term “HODL” comes from a 2013 post on the Bitcointalk cryptocurrency forum shortly after a Chinese government decision caused the price of Bitcoin to drop drastically in one day.

November 11, 2022

HFSP

When a Bitcoiner encounters a no-coiner, FUD spreader, or shitcoiner trying to delete Bitcoin on social media, the acronym HFSP is a popular rejoinder. HFSP stands for “Have Fun Staying

November 11, 2022

Hashrate

Hashrate is a way to measure the processing power of the Bitcoin network. Hashes are essential for secure transactions on the Bitcoin blockchain and as more ASICs come online to

November 11, 2022

Hash

You actually use hashes when you send emails and browse the internet – they are a key part of encrypting your online activity and keeping it safe. An example is

November 11, 2022

Wick

Weak Hands

WAGMI

UTXHOE

Spook

Soft Fork

Smash Buy

Shitcoin

Shill

Satoshi

SAFU

Rug Pull

Rekt

Red Candle

Pleb

No-Coiner

NGU

NGMI

Moonboys

Mempool

Ledger

Laser Eyes

LARPer

KYC

Hyperbitcoinization

Hopium

Hodl

HFSP

Hashrate

Hash

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