Skip to main content

Bitcon Scheme 

term to describe the Ponzi-like schemes of the cryptocurrency world, especially in terms of bitcoin; gets its name from "bit" as in "digital", and "con" as a twist on "coin", and to describe the type of scheme (so "digital coin" -> "digital con").

Used as an alternative to "Ponzi" because cryptocurrency adherants argue that only fiat currency is used as the ROI for early investors in Ponzi schemes, contrary to the imagined value of cryptocurrencies being used as the ROI in the cryptocurrency world.
"Mark lost all his crypto investments because it was all a Bitcon Scheme."
Bitcon Scheme by JuliusCesarus June 27, 2021
Related Words

Bitconnect 

A cryptocurrency that was largely determined to operate as a Ponzi scheme, reaching a high of about $435 in value during its peak, and hitting a low of $0.89 as of today. Bitconnect has a lending platform with promises of returns that are generally regarded as unsustainable, causing people to argue that the returns are merely based on new funding put into the platform rather than the actual generation of profit. Suspiciously, the founders of this platform are anonymous. The SEC and possibly other U.S. government agencies are investigating this cryptocurrency.
Carlos: "It's a scam!"

"Biiiiiiiiiiiiiiittttcoooooooonnnnneeeeeeeeeeeccccctttttttt!"

John: "I just lost my life savings in Bitconnect."
Bitconnect by Prankster May 18, 2018

bitchnotism 

Being hypnotised by the workings and doings of a female who you are sexually attracted to, to the point of accepting the same crappy outcomes of her senselessness.

Alternate form: Bitchnotic
"Joe will never have any lasting happiness with Julie, as long as she uses that bitchnotism on him."

Alternative:
"Julie keeps Joe on her hook through her bitchnotic mind games."
bitchnotism by SpitItOut August 13, 2018

bitchnugget 

When someone is acting like a bitch, and you don't really want to call them a bitch- instead, you call them a bitchnugget. Bitchnugget will catch them off guard, and they will engage in vomiting.
*Martha is being a bitch*

"Martha, you're being a bitchnugget!"

*Martha begins to projectile vomit*
bitchnugget by Temple University September 8, 2006
The most wonderful person you'll ever meet and also has the sexiest body you'll ever see
She's one of a kind but is often taked for granted

And she's most likely habesha
I've never had a friend like Bitanya, she's something really special

Her ass is almost as smoking as her doro wet!
bitanya by Habeshinjera December 12, 2016
Better translated as (Bethany) Bitania's are typically very beautiful. They are quiet, yet love to talk. Full if compassion, and creativity. They think ALOT. They seem to have a great fashion taste, and have perfectionist tendancies. Great girl, with a very good heart and sense of humor. Also, very witty, and full of curiosity.
Bitania is so mysterious, I can't exactly pin-point what I love about her but I do.
bitania by BummbleBee November 7, 2013