Why are 's' and 'p' commonly used abbreviations in the cryptocurrency industry?
Kiran Kumar GattiDec 25, 2021 · 3 years ago3 answers
In the cryptocurrency industry, the abbreviations 's' and 'p' are frequently used. What is the reason behind their common usage and what do they represent?
3 answers
- Dec 25, 2021 · 3 years agoThe abbreviations 's' and 'p' are commonly used in the cryptocurrency industry to refer to 'satoshis' and 'pips' respectively. 'Satoshis' are the smallest unit of Bitcoin, named after its creator Satoshi Nakamoto. 'Pips' on the other hand, are used in trading to represent the smallest price movement in a currency pair. These abbreviations have become widely adopted due to their convenience and efficiency in communication within the industry.
- Dec 25, 2021 · 3 years agoIn the cryptocurrency industry, 's' stands for 'satoshi' and 'p' stands for 'pips'. Satoshis are the smallest unit of Bitcoin, named after its mysterious creator Satoshi Nakamoto. Pips, on the other hand, are used in trading to measure price movements in currency pairs. The usage of these abbreviations has become prevalent in the industry to facilitate quick and concise communication among traders and enthusiasts.
- Dec 25, 2021 · 3 years agoIn the cryptocurrency industry, 's' is commonly used as an abbreviation for 'satoshis' and 'p' is used for 'pips'. Satoshis are the smallest unit of Bitcoin, representing 0.00000001 BTC. Pips, on the other hand, are used to measure price movements in trading. These abbreviations have gained popularity due to their simplicity and ease of use, allowing traders and enthusiasts to communicate more efficiently.
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