CryptoCoinsInfoClub.com

How Much Is 1 Bit In Bitcoins?

If You Put $1,000 In Bitcoin In 2013, Heres How Much Youd Have Now

If You Put $1,000 In Bitcoin In 2013, Heres How Much Youd Have Now

If you took a chance on bitcoin early on , just a few years ago, your investment could have paid off in a big way. According to digital-currency website CoinDesk whose Bitcoin Price Index tracks prices from digital currency exchanges Bitfinex, Bitstamp, Coinbase and itBit the value of bitcoins was volatile in 2013, particularly toward the end of the year: In December alone, the price per bitcoin hit highs of around $1,000 and lows below $600. If you purchased $1,000 worth of bitcoin back then at a price of $600 per, you'd have a little over 1.6 bitcoins. If you purchased $1,000 worth of bitcoin at a price of $1,000 per, you'd have one bitcoin. The above chart shows CoinDesk's Bitcoin Price Index for Dec. 1, 2013 to Dec. 31, 2013 As of Thursday, bitcoin's value was just above $16,500, according to CoinDesk . Based on that value, one bitcoin would be worth a little over $16,500 and 1.6 bitcoins would be worth more than $26,400 today. This estimate does not include any additional fees or transactional costs. That's a tremendous profit in just a few years. If you were smart, or lucky, enough to invest even earlier, in 2010, you could be in the company of the Winklevoss twins, who are reported to be the first bitcoin billionaires . As bitcoin has gone more mainstream, some of the biggest names in finance are weighing in. Fundstrat's Tom Lee and value investor Bill Miller have embraced the trend. But even with many success stories surrounding bitcoin investments, seasoned investors are voicing caution. Billionaire entrepreneur Mark Cuban and "Oracle of Omaha" Warren Buffett warn of bitcoin's volatility. Legendary investor and index fund mogul Jack Bogle, at a recent Council on Foreign Relations event, told the audience, " Avoid bitcoin like the plague ." "Bitcoin has no unde Continue reading >>

Bitcoin Calculator - Convert Bitcoin Into Any World Currency

Bitcoin Calculator - Convert Bitcoin Into Any World Currency

The CoinDesk Bitcoin Calculator tool allows you to convert any amount to and from bitcoin (up to six decimal places) and your preferred world currencies, with conversion rates based on the live CoinDesk Bitcoin Price Index. Non-USD BPI prices are implied based on rates obtained via openexchangerates.org. Localbitcoins matches buyers and sellers online and in-person, locally worldwide. Coinbase operates oneof the most popular wallets and is an simple wayto buy bitcoin. $5 bonus on sign up. Bitbargain has a vast range of different payment options for UK buyers. BitQuick claims to be one of the fastest ways you can buy bitcoin. Apeer-to-peer platform for individuals to buy, sell or trade bitcoin and altcoins CoinCorner allow purchases with credit and debit cards for verified users. Xapo is Known for it's ease of use and bitcoincold-storage vault. Bitfinex is a trading platform for Bitcoin, Litecoin. It allows margin trading and margin funding. Users who sign up through us get a 10% fee discount for 1month. BitMEX claims to be Bitcoin's fastest derivatives exchange. Users who sign up through us get a10% fee discount for 6 months. 10% leverage available. As well as a trading platform, magnr offers a savings account for bitcoin. Up to 10x leverage. Uses multi-sig wallets. Etoro is a social trading network which allows you to invest in a bitcoin CFD. Etoro usually offer credits to new users upon their first deposit. Continue reading >>

Bitcoin Regrets: How Much $100 Would Be Worth Today If You Invested Earlier

Bitcoin Regrets: How Much $100 Would Be Worth Today If You Invested Earlier

Bitcoin seems to be the hottest investment trend these days. So hot, in fact, that some are mortgaging their homes to buy the cryptocurrency. Would-be investors are kicking themselves as they watch the price of Bitcoin continue to soar. But theres a lot of conflicting information out there to digest. Market analysts say Bitcoin is a scary bubble thats certain to burst. However, evangelists of the digital currency, like the Winklevoss twins (who have made over $1 billion on Bitcoin), say it will become a multitrillion-dollar asset . Youll have to make up your own mind on who to believe, but one things for sure. If youd put money into Bitcoin in the past (and held onto it), youd probably have a good chunk of money today. Heres a look at what a $100 investment in Bitcoin would be worth as of mid-morning Tuesday, when the value of a Bitcoin, per Coindesk, is $17,004.76. July 28, 2010 Early investors paid just six cents for a Bitcoin. A $100 investment seven years ago would be worth (you might want to sit down for this) $28,341,266 today. Dec.12, 2011 At $3.19, Bitcoin had already escalated a good-bit percentage wise. $100 would buy you a little more than 31 Bitcoin then, which would be worth $533,065 now. Dec. 10, 2012 One year later, the cryptocurrency was still going strong, with a rate of $13.54. Buying $100-worth then would have a current value of $125,589. Dec. 16, 2013 Things were off to the races by this point, or so we thought at the time. Bitcoin was worth $638, so a $100 investment might have seemed trivial. Nope. It would be worth $2,665 right now. Dec. 8, 2014 Well, it was a good run, right? Bitcoin had slumped to $350 in late 2014. A $100 investment would have a value of $4,859 today. Dec. 7, 2015 At $424, things were looking up a bit, though most of the world Continue reading >>

One Bitcoin Is Now Worth $10,000

One Bitcoin Is Now Worth $10,000

Canadian hacker pleads guilty in huge Yahoo hackcase It happened. One bitcoin is now worth $10,000. The milestone was hit on international exchanges earlier in the day (where prices are normally a few percent higher) and was just crossed on U.S exchanges like Coinbase and Gemini a few minutes ago. This comes two days after bitcoin hit $9k , and eight days after it crossed $8k . This $10,000 marks a bull rally essentially never before seen in modern financial markets. For perspective, bitcoin is now up 1,258% over the past year, with the cumulative value of all cryptocurrencies up 2,174% to a total of $316B. Bitcoin alone currently represents about 54% of this total market cap. BTC 1y price graph, from coinmarketcap.com Its a strange time in bitcoin land. Theres never been an asset, with the exception possibly being Tulips , thats risen so much in such a short amount of time. So without any precedent or way to assign a book value to the currency, no one really knows what to think or do. Some say this is the nascent start of a trillion dollar industry and the biggest thing to happen in technology since the internet was invented. Somethink that bitcoin will replace gold and U.S dollars and every monetary instrument in between. Yet others say that this is the biggest speculatory bubble the world has ever seen, and that bitcoin will crash to zero tomorrow. And of course theres the majority of us who think something in between, or really just dont know what to think. Its hard enough to predict how technology will develop, and even harder when you add the emotions attached with trying to independently value and assess a tradable, liquid asset like bitcoin. So the question likely on your mind right nowwhats next? No one knows.Even the most passionate cryptocurrency believers a Continue reading >>

The Bitcoin Is Dead, Long Live Bitcoin

The Bitcoin Is Dead, Long Live Bitcoin

It's time to stop talking about Bitcoin as if "one bitcoin" is a normal thing that anyone uses or even owns. It's bullshit. One bitcoin, indicated as "1.0" in the system, is worth more than $4,000 USD right now. What you may not know, though, is that "one bitcoin" can actually be divided into one million bits and sent one bit at a time, if you want. In fact, "one bitcoin" doesn't really exist. What does exist are granular entries on a digital ledger that can be bundled together until they add up to whatever amount of bits that you want to sendusually something like .0035, which is equal to $15 USD. Think of it this way. If Bitcoin were ever used as a normal currency (and this is seeming more and more like a long shot ), you'd go to your coffee shop and say, "One coffee, please," and the barista would say, "That'll be .00057." If you buy a domain name using Bitcoin today, the service will ask you to pay .00274, give or take a decimal place. A pair of Yeezys costs .0568 BTC. Even if you paid your rent in Bitcoin, which is most people's largest lump sum expense in a month, it would still be just .3 bitcoin. If you really want to pay a whole bitcoin for something, you'd have to buy a used car. Practically speaking, with Bitcoin's present value it just doesn't make sense to treat a whole coin as the basic denomination and break it down from there. There was a time when you could talk about whole coins as something people own and use. Specifically, around 2012 when one bitcoin was worth between $1 and $5 USD. That was a base denomination that made sense. But now, that same denomination"one bitcoin"is equivalent to more money than many of us see in a month. Estimates for how many Bitcoin addresses actually hold a whole coin illustrate what this means in practice: around 95 pe Continue reading >>

History Of Bitcoin - Wikipedia

History Of Bitcoin - Wikipedia

Number of bitcoin transactions per month (logarithmic scale) Bitcoin is a cryptocurrency , a digital asset designed to work as a medium of exchange that uses cryptography to control its creation and management, rather than relying on central authorities . [1] The presumed pseudonymous Satoshi Nakamoto integrated many existing ideas from the cypherpunk community when creating bitcoin. Prior to the release of bitcoin there were a number of digital cash technologies starting with the issuer based ecash protocols of David Chaum [2] and Stefan Brands . Adam Back developed hashcash , a proof-of-work scheme for spam control. The first proposals for distributed digital scarcity based cryptocurrencies were Wei Dai 's b-money [3] and Nick Szabo 's bit gold . [4] [5] Hal Finney developed reusable proof of work (RPOW) using hashcash as its proof of work algorithm. [6] In the bit gold proposal which proposed a collectible market based mechanism for inflation control, Nick Szabo also investigated some additional enabling aspects including a Byzantine fault-tolerant asset registry to store and transfer the chained proof-of-work solutions. [5] There has been much speculation as to the identity of Satoshi Nakamoto with suspects including Wei Dai , Hal Finney and accompanying denials. [7] [8] The possibility that Satoshi Nakamoto was a computer collective in the European financial sector has also been discussed. [9] On 18 August 2008, the domain name bitcoin.org was registered. [10] Later that year on October 31st, a link to a paper authored by Satoshi Nakamoto titled Bitcoin: A Peer-to-Peer Electronic Cash System [11] was posted to a cryptography mailing list. [10] This paper detailed methods of using a peer-to-peer network to generate what was described as "a system for electronic tra Continue reading >>

How Much Is Bitcoin Really Worth?

How Much Is Bitcoin Really Worth?

I write about building wealth and achieving financial freedom. Opinions expressed by Forbes Contributors are their own. I'm sitting at my kitchen table at 6:31 p.m. ET on Friday, December 1, 2017. The price of Bitcoin is $10,790.58. PARIS, FRANCE - DECEMBER 05: In this photo illustration a man holds a visual representation of the digital Cryptocurrency Bitcoin. (Photo by Chesnot/Getty Images) It's here that I'm reminded of something Warren Buffett's often said. Price is what you pay, value is what you get. So what value does a Bitcoin buyer get in exchange for $10,790.58 ofhis or herhard earned U.S. dollars? That's what I'm going to attempt to answer in this article. Before we can attempt to value Bitcoin, we first must agree on what it is. That turns out not to be so easy. Describing Bitcoin as a currency seems like a natural place to begin. After all, I'm told some retailers accept Bitcoin as a method of payment. On closer inspection, however, comparing Bitcoin to a currency is like comparing lightening to a lightening bug (apologies to Mr. Clemens). As the WSJ has noted , Bitcoin is the hottest currency that nobody is using. As Jeffrey Dorfman here at Forbes pointed out, there are two problems with Bitcoin as a currency. First, it's too unstable. Who wants to accept something for payment that could drop in value by 25% before you have time to pour a cup of coffee? Put another way, would you accept Bitcoin as payment for a car you were selling if you had to wait 60 days to convert it to dollars? I doubt it. Continue reading >>

Bitcoin.com Charts

Bitcoin.com Charts

Bitcoin makes it easy to send real money quickly to anywhere in the world! Bitcoin can also be used to make purchases with a variety of online retailers. Bitcoin Games is a provably fair gaming site. You can play any of our games with free test credits or actual Bitcoins. Bitcoin is one of the most important inventions in all of human history. For the first time ever, anyone can send or receive any amount of money with anyone else, anywhere on the planet, conveniently and without restriction. It's the dawn of a better, more free world. Continue reading >>

Bitcoin Converter (btc/bits) Into Dollar (usd) And Information - Gobitcoin.io

Bitcoin Converter (btc/bits) Into Dollar (usd) And Information - Gobitcoin.io

Bitcoin is an innovative payment network and a new kind of money GoBitcoin.io is an online converter and a source of information about this Cryptocurrency. New! Add a Bitcoin chart or current price to your website with our Bitcoin Widgets . You can convert into Bitcoin (BTC) or Bits, the two most popular scales of the moment. You can get the Bitcoin price in Euro or Dollar. (but also Real, Yuan, Pound, Rupee) It is possible to know the balance of an address by entering it in one of the fields. Continue reading >>

I Got A Tip Of 100 Bits. How Much Is That In Usd? : Bitcoin

I Got A Tip Of 100 Bits. How Much Is That In Usd? : Bitcoin

Do not use URL shortening services: always submit the real link. Begging/asking for bitcoins is absolutely not allowed, no matter how badly you need the bitcoins. Only requests for donations to large, recognized charities are allowed, and only if there is good reason to believe that the person accepting bitcoins on behalf of the charity is trustworthy. News articles that do not contain the word "Bitcoin" are usually off-topic. This subreddit is not about general financial news. Submissions that are mostly about some other cryptocurrency belong elsewhere. For example, /r/CryptoCurrency is a good place to discuss all cryptocurrencies. Promotion of client software which attempts to alter the Bitcoin protocol without overwhelming consensus is not permitted. Trades should usually not be advertised here. For example, submissions like "Buying 100 BTC" or "Selling my computer for bitcoins" do not belong here. /r/Bitcoin is primarily for news and discussion. Please avoid repetition /r/bitcoin is a subreddit devoted to new information and discussion about Bitcoin and its ecosystem. New merchants are welcome to announce their services for Bitcoin, but after those have been announced they are no longer news and should not be re-posted. Aside from new merchant announcements, those interested in advertising to our audience should consider Reddit's self-serve advertising system . Do not post your Bitcoin address unless someone explicitly asks you to. Be aware that Twitter, etc. is full of impersonation. Continue reading >>

What Is Bitcoin, Whats The Price In Gbp And Usd Today And How Can You Buy The Cryptocurrency?

What Is Bitcoin, Whats The Price In Gbp And Usd Today And How Can You Buy The Cryptocurrency?

What is Bitcoin, whats the price in GBP and USD today and how can you buy the cryptocurrency? Bitcoin has been hailed by some as the future of currency but its volatile price and questionable safety is something to keep in mind BITCOIN is the hot topic in the world of amateur and professional currency investment currently. Its meteoric rise in value over the last year punctuated by some dramatic falls has made hundreds of early investors extremely wealthy, meaning that everyone suddenly wants a slice of the action. But what is it worth today? The value of Bitcoin surged at the beginning of 2017 Bitcoin is a virtual currency that was created in 2009 by an unknown computer whizz using the alias Satoshi Nakamoto. Individual Bitcoins are created by computer code. The total value of all Bitcoin in existence is now more than 185billion. Transactions are made without middlemen, so there are no transaction fees and no need to give your real name. More businesses are beginning to accept them and in some parts of the world you can even buy pizzawith Bitcoins. You can set up a virtual wallet websites like Blockchain to store, keep track and spend your digital money. You are also able to purchase Bitcoin through an online exchange or Bitcoin ATM. To find merchants that accept Bitcoin in the UKclick here . Bitcoins arent printed, like pounds, dollars or euros theyre produced by people, and increasingly businesses, running computers all around the world. Its the first example of a growing category of money known as cryptocurrency. Bitcoin is attractive to some users because of its anonymity, as well as its lack of government control. The website Silk Road was closed in 2013 following raids by the FBI and other agencies amid allegations of drug dealing with authorities seizing millio Continue reading >>

Bitcoin: How Rich You'd Be If You Invested A Year Ago | Money

Bitcoin: How Rich You'd Be If You Invested A Year Ago | Money

Here's How Rich You Would Be If You Bought $1000 Worth of Bitcoin a Year Ago A souvenir coin of the bitcoin cryptocurrency at MaRSe Bitcoin Center in Moscow. For an asset often named in tandem with drug trafficking and the dark web just a few years ago, its hard to imagine that optimism surrounding Bitcoins potential legitimacy could take the asset to more than $11,000 in value as of Wednesday. And yet, here we are, with the price of Bitcoin up more than 900% in the past 12 months. Bitcoins early use as a way to buy and sell illegal goods via the now defunct online black market Silk Road was once a defining feature of the cryptocurrency. Now its just a rebellious phase of the Bitcoins growth story. Recent interest in Bitcoin from institutional investors has certainly given its narrative a different tinge. Earlier this year, the worlds largest futures exchange, the Chicago Mercantile Exchange, said it would offer Bitcoin futures due to demand from its clients. Bitcoin investors took it as a good sign. The introduction of futures would in theory increase the number of institutional investors in the Bitcoin world thereby increasing the markets liquidity and stability. Meanwhile, the Nasdaq and Cantor Fitzgerald are also reportedly planning their own Bitcoin futures exchanges . So what if an investor had gotten in on the Bitcoin bet before the CME decided to offer Bitcoin futures? Well, if you had decided to go onto a Bitcoin exchange and buy some $100 worth of Bitcoin a year ago, it would be worth about $1,382 today, with Bitcoin prices resting at about $10,255 (Bitcoin exchanges such as Coinbase allow users to buy a fraction of a Bitcoin). Continue reading >>

Bitcoin Price: How Much Is A Single Bitcoin Worth? Bitcoin Dips To $7,200

Bitcoin Price: How Much Is A Single Bitcoin Worth? Bitcoin Dips To $7,200

Bitcoin price: Bitcoin down to $7,200 Is it a good time to invest in Bitcoin is a digital currency token, created around 2009 by an obscure software engineer or a coding collective, operating under the name Satoshi Nakamoto. Unlike fiat currencies, bitcoin is a decentralised monetary system, without any ties to banks or governments. Bitcoins do not have a physical token and are collectively owned through a public ledger known as the blockchain. Tokens are obtained through mining a power intensive process that utilises multiple computer GPU's to solve millions of lines of code. Each bitcoin is comprised of smaller units known as satoshis, and the token's software limits it 21 billion tokens at any given time. Bitcoin price: Bitcoin's price has skyrocketed in 2017 The first ever bitcoin transaction was recorded on May 22 2010, by Hungarian Laszlo Hanyech, who spent a staggering 10,000 tokens to buy two pizzas. An investment that would have equalled over 53 million ($70 million today) Without a stable value bitcoin cannot truly be a currency Professor Jeffrey Dorfman, The University of Georgia In 2014, he posted on the Bitcoin Talk forum, saying: "Three to four years ago there were less than 100 people frequenting this forum, and I was pretty happy to trade 10,000 coins for pizza. "I mean people can say I'm stupid, but it was a great deal at the time. "I don't think anyone could have known it would take off like this." Everything you need to know about bitcoin Bitcoin is a new kind of money [Getty Images] The main driver behind bitcoin's price is the demand, supply and the usefulness it provides. Because bitcoin is not valued against the gold standard, like most global currencies, some have argued that the token is a commodity and not real money. Jeffrey Dorfman, professo Continue reading >>

Bitcoin Needs To Be Worth $1,000,000 To Be A Legitimate Currency

Bitcoin Needs To Be Worth $1,000,000 To Be A Legitimate Currency

Bitcoin needs to be worth $1,000,000 to be a legitimate currency A single bitcoin is equal to 100,000,000 Satoshi Think bitcoin is in bubble territory? You aint seen nothing yet, says one cryptocurrency expert, who believes its value needs to surge by about 300 times over the next several years to be considered a legitimate currency or risk retreating into obscurity and obsolescence. Bitcoin, the No. 1 cryptocurrency, has drawn outsize attention over its parabolic riseand the recent, brutal plunge it has been enduring in recent trade. Read: Why bitcoin may be worth only a third of its value Some market participants, however, make the case that despite its roughly 260% year-to-date rise BTCUSD, +2.58% it has to clear a far more stratospheric value hurdle to evolve into a practical form of money alongside fiat units like the U.S. dollar DXY, -0.37% Europes euro EURUSD, +0.4226% or British pound GBPUSD, +0.2625% Also read: Bitcoin faithful rage against Jamie Dimon A single bitcoin was worth about $3,900 in recent trade on Monday, off lows of the past few days, according to data site Coindesk.com , amid regulatory headwinds in China and critical comments from Wall Street pros like J.P. Morgan Chase & Co.s CEO Jamie Dimon . Still, a bitcoin would need to be worth a stunning $1,000,000 to be a bona fide monetary unit, says Iqbal Gandham, U.K managing director at eToro, a trading platform. Check out: Bitcoin at crossroads after shedding billion in value In other words, the digital currency would need to see a 300 fold run-up from its current level. To be sure, Gandham isnt making a prediction; though he believes the currency has the ability to scale such lofty levels, Gandham thinks that bitcoin needs to climb to such a level to be truly viable as a monetary unit. To understa Continue reading >>

If You Had Purchased $100 Of Bitcoin In 2011

If You Had Purchased $100 Of Bitcoin In 2011

If You Had Purchased $100 of Bitcoin in 2011 By Damian Davila | Updated November 29, 2017 10:31 AM EST Robert Arnott said it best, "In investing, what is comfortable is rarely profitable." The decentralized, peer-to-peer cryptocurrency system called bitcoin puts this claim to the test. The following is how you would have fared throughout the years if you had bought $100 worth of bitcoinback in 2011. For purposes of this comparison over time, the bitcoin market value prices from the CoinDesk Bitcoin Price Index are used, and no fees or additional transactions are assumed, for the sake of simplicity. By buying $100 in bitcoins on Jan. 1, 2011, you would have benefited from a low market value of 30 cents per bitcoin and received a total of 333.33 bitcoins for your initial purchase. Since bitcoin traded at 6 cents for most of 2010, you would have timed your initial purchase right. In this first year, you would have had your first taste of the cryptocurrency's high volatility. For a brief moment on June 8, 2011, bitcoin hit a high of $31.91, making the paper value of your investment a cool $10,636.56. By December 31, 2011, bitcoin was trading at $4.72, so you would have turned your $100 into $1,573.32. The first day of 2012 would have welcomed you with a closing price of $5.27, bumping up your investment to $1,756.65. Throughout the first quarter of 2012, the price of bitcoin dipped below the $5 mark. It started appreciating again in May 2012, and closed at $13.51 on December 31, 2012. Your current investment would have stood at $4,503.29. In 2012, few businesses accepted bitcoin as a form of payment. For example, bitcoin payment processor BitPay only had 1,000 businesses using its platform. One of those businesses was Utah-based Bees Brothers, so you could have purchased 4 Continue reading >>

More in litecoin