BITCOIN PRICE NOW

$ 7,199.66
bitcoin

Bitcoin (BTC)
1h0.75%
24h6.09%
USD
EUR
GBP

Bitcoin Price Chart

Current Bitcoin Price

Bitcoin Market Cap

Bitcoin Price Worldwide

Bitcoin News

About Bitcoin

According to its white paper, Bitcoin (BTC) is a peer-to-peer electronic cash, which enables online transactions directly from one party to another.

The world’s first Bitcoin transaction occurred on 12 January 2009. However, before that, the Bitcoin whitepaper had been published on 31 October 2008, by Satoshi Nakamoto.

After December 2010, it appeared that Bitcoin founder Satoshi wasn’t involved in Bitcoin anymore.

To this day, the real identity of cryptocurrency’s father isn’t known. Although through the years numerous people appeared claiming to be Satoshi none of the speculations were proven right.

Even though there are many mysteries surrounding Satoshi Nakamoto, one thing remains certain. He left a great legacy behind and was the catalyst to a new era in technology.

Reasons to Buy Bitcoin

  • Fast money transfer with low fees.

Cryptocurrencies such as Bitcoin offer higher speed than any bank transfer when dealing with international transactions. Such transactions with traditional currencies take 24-48 hours, on the other hand, crypto-asset transactions are near instant, which is a great advantage.

Also, contrary to fiat currencies, crypto asset transaction fees are only a couple of cents making them far less inexpensive.

  • Security.

Another great benefit of Bitcoin is its safety. Bitcoin can’t be duplicated, it doesn’t cause an inflation and it can’t be as easily stolen as fiat currencies. This makes the probability of you losing your Bitcoins very low.

  • Financial Independence.

Since Bitcoin is a peer-to-peer cash system with no third party involvement, it provides its users to independently manage their own funds. It doesn’t depend on government decisions or banks.

Bitcoin Price Forecast

Bitcoin Price Forecast

Bitcoin Price History

At first, Bitcoin didn’t have any value. Its initial price was $0.03, which was established in March 2010. Currently, .

Only three years later the value of 1 BTC reached $100 in April 2013. That year was successful for the first crypto-asset as the price reached $1000 in December.

But, this success was short-lived, seeing that after China banned the use of cryptocurrency, after the Bitcoin price drop it reached around $210 in 2015.

For many, it seemed that Bitcoin wouldn’t be able to bounce back. It also must be noted that despite the Bitcoin price drop, in 2014 Microsoft started accepting Bitcoin.

There were various factors that contributed to this price jump. The most notable factor was the speculation that Bitcoin was becoming mainstream. This resulted in many people jumping onto the Bitcoin bandwagon.

As the price began rising, the market responded and more people took interest in buying and trading the new currency with great potential. As a result Bitcoin experienced 1,950% growth in 2017.

However, the bubble burst and the price fell shortly after South Korea’s Bitcoin regulation announcement. The next year was rough for Bitcoin, as in February the price dropped 50% in a span of only 16 days later hitting $3,200.

This year the Bitcoin value has experienced large growth. Compared to the year’s beginning the price has increased more than X2, it reached from the beginning of the year ($3,746) and currently .

However, 2016 was another successful year for Bitcoin. Companies increasingly started accepting Bitcoin payments and the interest in the new currency continued to rise. The Bitcoin highest price in 2016 was $949.

2017 is considered the best year for BTC. The Bitcoin value skyrocketed from $941 (Jen 1) to $20,089 (Dec 17) and this is the Bitcoin highest price ever.

BTC to USD Converter

Bitcoin FAQ

Is Bitcoin a real money and what is the real value of Bitcoin?

Bitcoin can be considered money as you can use it to buy certain goods and services, or trade it for fiat currencies. The value of Bitcoin is determined by what the free market thinks it’s worth.

Comments

0 comments

Who Controls the Bitcoin Network?

Bitcoin is decentralized, meaning that it does not have a centralized control, so no one has access to manipulate or control it.

Comments

0 comments

Comments

0 comments