Skip to main content
bitcoin

bitcoin

22 5.1
Digital money you use online that works without a bank or government
  • noun
  • /ˈbɪtˌkoɪn/
  • Texting
: bitcoin
  • They can store your Bitcoin in cold storage.
  • bitcoins now

It was the only way to buy and sell bitcoins for years.

Autoplay Next

Examples

  • And now my Bitcoin is on the way to my Ledger Nano S.

  • The price went down and so maybe the price of Bitcoin goes down when people sell it.

  • So anyone who had their Bitcoin at Mount Gox, they basically lost it all.

  • This is the chart of bitcoins performance.

  • We could buy if we go halves on it and take out five loans and invest in Bitcoin, we could do it.

  • Today, that changes: you can now buy WordPress.com upgrades with bitcoins.

    Blog text (27)
  • If you're new to Bitcoin, you'll need to get your hands on some bitcoins (BTC) first, which is currently the hardest part of using Bitcoin.

    Blog text (27)
  • Many people invest in Bitcoin as a way to diversify their portfolios.

  • The growing popularity of Bitcoin has led to increased interest in digital currencies.

  • You can use Bitcoin to buy goods and services online without involving banks.

Synonyms

cryptocurrency
vsbitcoin
  • Texting
7 7.4

A type of digital money kept and checked by many computers, not a bank

is a single currency used without a central authority for online transactions and investment
crypto
vsbitcoin
  • Slang
5 6.7

Digital money that uses codes, like Bitcoin and Ethereum

is a single specific digital currency used without a central authority

Surface Forms

bitcoin singular
bitcoins plural

Morphology

bitcoin = bit + coin (semi-transparent) = bit + coin

The components 'bit' + 'coin' clearly suggest a digital or unitary form of money, but the full meaning (a decentralized cryptocurrency and its technical properties) is specialized and not fully inferable from the parts alone.

Etymology

Bitcoin is a modern mix of bit and coin, where bit is a 'small piece of computer data' and coin is 'money'. So, bitcoin is like a coin made of bits, a kind of digital money used online without a central bank.