Bitcoin (BTC) Price
- Bitcoin(BTC)$3,301.9+3.5900(+0.1088%)09:10:44(GMT)|Real-Time Data, Currency in USD
- Open$3,298.3Day's Range$3,236.5- $3,323.8
- Market Cap$57.54 BVolume$161.42 M
- Current Supply17.43 MBTCMax Supply21.00 MBTC
- Proof TypePoW
- Market Cap$57.54 B
- Volume$161.42 M
- Current Supply17.43 MBTC
- Max Supply21.00 MBTC
- Day's Range$3236.5- $3323.8
Bitcoin is a virtual currency, more commonly referred to as a cryptocurrency that was created with the principal of removing intermediary control as enjoyed by banks, central banks, and governments. Bitcoin was created in order to compete or replace fiat currencies as an alternative instant payment mechanism.
Unlike fiat money, there are no physical Bitcoins, just balances of Bitcoins that are recorded on Bitcoin’s blockchain which is a decentralized, public ledger.
Bitcoin was invented in 2009, by Satoshi Nakamoto, whose true identity had yet to be released. Bitcoin.org was registered on 18th August 2008, shortly prior to the first Bitcoin block being mined on 3rd January 2009.
There is a finite number of Bitcoins, the total number being 21 million, a concept that does not exist in the world of fiat currencies, where governments and central banks are able to print more fiat money to sustain false economies that motivated the creation of Bitcoin.
Founder Satoshi Nakamoto is reported to own in excess of 4% of total Bitcoins that can ever hit circulation.
The creation of each individual Bitcoin comes from mining, which stems from a reward mechanism for miners verifying transactions on Bitcoin’s blockchain.
Bitcoin blockchain is a key driver behind Bitcoin. A decentralized ledger that is updated instantaneously across all users, with transaction times and fees depending upon the speed which miners are able to verify transactions. The Blockchain technology is unique as it has no centralized control or the ability to manipulate its content.
Some distinct differences and characteristics of Bitcoin include:
- There are no physical Bitcoins, only virtual.
- Unlike fiat currencies, where governments and central banks are able to print more money, there is a finite number of Bitcoins.
- The very nature of Bitcoin’s decentralized blockchain means that the payment system runs 24-hours a day, with no downtime and has no restrictions on where and to whom Bitcoin can be sent.
- Users of Bitcoin are anonymous
- Colin First
Bitcoin And Ethereum Daily Price Forecast – Legacy Crypto’s Trade Positive But Still Under Critical Resistsnace
Many cryptocurrencies saw range bound price action in early Asian market hours following reports that Hong Kong would tighten regulations on digital coins. Citing the Securities and Futures Commission’s guidelines, South China Morning Post (SCMP) reported that the regulator would soon require local investment funds to obtain a license if
- Bob Mason
Bitcoin Cash – ABC, Litecoin and Ripple Daily Analysis – 17/12/18
Bitcoin Cash – ABC Up, But Gives up $80Bitcoin Cash ABC gained 3.58% on Sunday, reversing a 2.89% fall on Saturday, to end the week down 25.7% to $79.00.A bullish start to the day saw Bitcoin Cash ABC rally to a mid-morning intraday high $81.31, breaking through the first major
- Bob Mason
Bitcoin Cash – ABC, Litecoin and Ripple Daily Analysis – 16/12/18
Bitcoin Cash – ABC On the MoveBitcoin Cash ABC fell by 2.89% on Saturday, following on from an 8.02% slide on Friday, to end the day at $76.37.A bearish first half of the day saw Bitcoin Cash ABC fall from an early morning intraday high $80.44 to an early afternoon
- Bob Mason
Bitcoin Cash – ABC, Litecoin and Ripple Daily Analysis – 15/12/18
Bitcoin Cash – ABC Hits New Lows Again…Bitcoin Cash ABC tumbled by 8.02% on Friday, following on from a 9.91% slide on Thursday, to end the day at $79.09. A 4th day in the red for the current week left Bitcoin Cash ABC down 25.62% Monday through Friday.An early morning
- Colin First
Bitcoin And Ethereum Daily Price Forecast – Weak Recovery Indicates Further Downtrend Play Likely In Near Future
Bitcoin enjoyed a recovery of sorts during the weekend, reaching $3,600, but it began a gradual decline from that point onwards. The failure to stage a meaningful recovery is not a good sign. As the dust settles, that recovery looks like yet another dead-cat bounce. By the end of the
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- Moving AveragesBUY(15)
|Williams %R (14)||-30.912|
|Stochastic RSI (14)||67.6893|
|Ultimate oscillator (7,14,28)||57.7698|
|Stochastic Fast (14)||69.088|