Definition
"Do Your Own Research." A common reminder in the Bitcoin community encouraging individuals to independently verify information before making decisions.
Related Terms
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.
Fee
A small payment included with a Bitcoin transaction to incentivize miners to include it in a block. Fees vary based on network demand and transaction size.
DCA (Dollar-Cost Averaging)
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.
Fiat Currency
Government-issued currency that is not backed by a physical commodity (e.g., US Dollar, Euro). Bitcoin is often compared to fiat as an alternative monetary system.
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.