Definition
An investment strategy where you buy a fixed amount of Bitcoin on a regular schedule, regardless of price. Reduces the impact of volatility over time.
Related Terms
Custodial Wallet
A wallet where a third party (like an exchange) holds your private keys on your behalf. Convenient but means you don't have full control of your Bitcoin.
Difficulty Adjustment
An automatic recalibration of Bitcoin's mining difficulty that occurs every 2,016 blocks (roughly two weeks). Ensures blocks are mined approximately every 10 minutes.
Confirmation
When a Bitcoin transaction is included in a block, it receives one confirmation. Each subsequent block adds another confirmation, increasing certainty that the transaction is final.
DYOR
"Do Your Own Research." A common reminder in the Bitcoin community encouraging individuals to independently verify information before making decisions.
Cold Storage
A method of storing Bitcoin offline, away from internet-connected devices. Hardware wallets and paper wallets are common forms of cold storage.