Why are 's' and 'p' commonly used abbreviations in the cryptocurrency industry?

3 answers

• SAHIL KASANANov 16, 2022 · 3 years ago
  The 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.
  445

  223
• Mr BumblebeeMar 17, 2024 · a year ago
  In 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.
  417

  139
• Rahul JindalNov 15, 2023 · 2 years ago
  In 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.
  409

  103