Bitcoin = $63,903
Bitcoin = $63,903
= $63,903
Bitcoin Price
BTC
Bitcoin
24hr change
1.53%
7d change
0.57%
Last Price
$63,903
Description
First digital currency.
What is Bitcoin
Bitcoin is the worlds
first digital cryptocurrency, released in 2009. It is stored, sent, received, used - all digitally.
Being the first and most popular digital currency it is often the first cryptocurrency people will own.
Key Features of Bitcoin
What makes Bitcoin so special?
Limited Supply
21 million bitcoin is the total amount that will ever exist. Most traditional currencys have a supply that is increased/decreased by governments. With bitcoin, no one can change the amount of bitcoin or create a fake bitcoin.
Divisible
Bitcoin is highly divisible, meaning you don't need to own a whole Bitcoin. You can own, purchase, or transfer fractions of a Bitcoin, with the smallest unit being one hundred millionth of a Bitcoin, known as a "Satoshi."
Turn it into Dollars Easily
You can instantly turn your Bitcoin into dollars in your bank account. There are 100s of websites where you can
buy Bitcoin or sell Bitcoin to receive cash instantly. You can even spend it with Crypto Debit Cards.
Getting Started with BitcoinBegin your Bitcoin journey:
-Learn How to Buy Bitcoin-Discover Every Free Bitcoin Sign Up Bonus-Explore ways to Earn Crypto Cash Back while shoppingBitcoin History
2009: Introduction of Bitcoin by an anonymous entity known as
Satoshi Nakamoto. The first block, known as the Genesis Block, was mined, marking the birth of the Bitcoin blockchain.
2010: The first real-world transaction occurs when
Laszlo Hanyecz buys two pizzas for 10,000 Bitcoins, now celebrated as Bitcoin Pizza Day. This year also saw the launch of the first Bitcoin exchange.
2013: Bitcoin's value surpasses
$1,000 for the first time, signaling its growing acceptance and speculative interest.
2014: Major businesses like Microsoft begin accepting Bitcoin, indicating its potential for mainstream adoption.
2017: Bitcoin experiences a meteoric rise, reaching nearly
$20,000 in December, followed by a significant crash, highlighting its volatile nature.
2020: The COVID-19 pandemic and global economic uncertainty lead to increased interest in Bitcoin as a "digital gold" and a hedge against inflation.
2021: Bitcoin hits new all-time highs,
crossing $60,000. Institutional adoption grows, with companies like Tesla and Square investing heavily in Bitcoin.
Common Bitcoin Questions
Is Bitcoin Legal?
The legality of Bitcoin varies by country. In many places, it's completely legal to buy, sell, and hold Bitcoin, but there are some exceptions. It’s important to check local regulations.
How Secure is Bitcoin?
Bitcoin's underlying technology, blockchain, is considered highly secure. However, risks exist in how individuals store and manage their Bitcoin, emphasizing the need for secure practices.
What Can I Buy with Bitcoin?
Initially limited to niche online purchases, Bitcoin is now accepted by a variety of merchants and services, including travel companies, online retailers, and even some brick-and-mortar stores.
How Does Bitcoin Mining Work?
Bitcoin mining involves validating transactions and adding them to the blockchain through a process that requires solving complex cryptographic puzzles. Miners are rewarded with new Bitcoins, but it requires significant computational power and energy.
Are Bitcoin Transactions Anonymous?
Bitcoin transactions are pseudonymous. While they don't directly reveal your identity, all transactions are public on the blockchain, and can potentially be traced back with enough information.
What Happens When All Bitcoins Are Mined?
The last Bitcoin is expected to be mined around the year 2140. After this, miners will no longer receive block rewards in new Bitcoins. Instead, they'll be compensated through transaction fees.
Can I Lose My Bitcoin?
Yes, if you lose access to your wallet (through loss of your private keys or sending Bitcoin to an incorrect address), your Bitcoin can become irretrievable.
How Do Bitcoin Taxes Work?
Taxation on Bitcoin varies by region. In many countries, Bitcoin is taxed as property, meaning that capital gains tax applies to any profits made on selling or trading Bitcoin.
Is Bitcoin a Good Investment?
Bitcoin has been a profitable investment for many, but it's also highly volatile. Potential investors should do their research and consider their risk tolerance before investing.
How many Bitcoin should you own?
You can never have enough Bitcoin! Some people believe Bitcoin is the future and its best to gather as much as you can from
buying bitcoin,
earning bitcoin, and taking advantage of all
free bitcoin offers. Other people think you only need 21, 6, 2.1, 1, .21, or even 0.01 Bitcoin!
The truth is no one knows what the future holds but Bitcoin is here to stay.
Can I buy $1 worth of Bitcoin?
Yes, you can!
You can purchase any amount of Bitcoin such as $1, $10, $100 worth or buy specific Bitcoin amounts like 0.01 or 0.001. You can buy a little or a lot. You can purchase Bitcoin on exchanges for as little as $1!