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Bitcoin

Bitcoin

35 5.3
Digital money used online for payments and investment
  • noun
  • /ˈbɪtˌkɔɪn/
  • Texting
translation icon : bitcoin
  • Anybody can set up a server and participate in the bitcoin network.
  • the Bitcoin price
  • buy Bitcoin
  • a Bitcoin exchange

We save gold, silver, and now Bitcoin and that's what we do.

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Examples

  • After researching digital currencies, she decided to invest in bitcoin because of its potential for growth.

  • But yes, it's easy to store your Bitcoin relative to gold.

  • When it goes down, Bitcoin tends to go down.

  • Currently, the utility of bitcoin comes from providing an alternative medium of exchange that no other currency provides.

    Blog text (22)
  • Thus, each user's Bitcoins are protected from theft as long as they keep their private key safe.

    Academic text (2018)
  • I don't think holding Bitcoin or Ethereum is a bad idea.

  • Bitcoins cannot be artificially inflated and require real resources (electricity and time) to produce.

    Blog text (24)
  • Many online merchants now accept bitcoin as a valid payment method for their products.

  • Investors are increasingly using bitcoin to diversify their portfolios and hedge against inflation.

How Risky

to farm
  • Jargon
2 7.7
Bitcoin
  • Texting
35 5.3
money market
  • Jargon
5.5
loan participation
  • Specialized
6.4

Surface Forms

Bitcoin singular
Bitcoins plural

Morphology

Bitcoin = bit + coin (transparent) = bit + coin

The compound 'bit' + 'coin' transparently signals a digital form of money: 'coin' (currency) modified by 'bit' (digital unit).

Etymology

Bitcoin comes from bit meaning 'a small unit of digital information' and coin meaning 'money'. So, think of it as a 'coin' made of 'bits' to remember that Bitcoin is digital money used for online payments and investment.