Mar 27, · Investor A and investor B both want to buy $10, worth of Bitcoin and the current Bitcoin price is $5, However, investor A buys it all at once while investor B buys it in chunks of $2, over 5 months. Bitcoins to New Zealand Dollars Bitcoins to Russian Rubles Bitcoins to Singapore Dollars Bitcoins to Ukrainian Hryvnias Recently converted ZEC to HKD. Just Now. BTC to USD. Just Now. 1 DOPE to HDG. 1 seconds ago. PKR to BCH. How much are bitcoins worth? [duplicate] Ask Question Asked 7 years, 9 months ago. Active 2 years, 11 months ago. Viewed 1k times 2. This question already has answers here: Where can I find bitcoin price charts? (2 answers) Closed 7 years ago. I'm new to this bitcoin thing-I am trying to find out what is the conversion of bitcoins to US money?.
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While Bitcoin allows you to keep your identity concealed, the block chain acts as a public ledger of every Bitcoin transaction. Part of their appeal, Bitcoins can avoid centralized banking fees and international money wiring fees. There are a few different ways to acquire Bitcoins. You can mine a Bitcoin , but as the computing power people dedicate to mining Bitcoins increases, it becomes increasingly difficult to do so.
You can also set up a wallet via Blockchain. For a quick and easy way to determine the value of your Bitcoin in fiat money, check out this Bitcoin exchange calculator designed by TurboTax.
There's a long list of factors people may point to in an attempt to explain this. Regulators have taken a hands-off approach to bitcoin in certain markets. Dozens of new hedge funds have launched this year to trade cryptocurrencies like bitcoin. The Nasdaq and Chicago Mercantile Exchange plan to let investors trade bitcoin futures , which may attract more professional investors.
Yet a key reason the price of bitcoin keeps going up is, well, because it keeps going up. Small investors like yours truly have a fear of missing out on a chance to get rich quick. And when the value of your bitcoin doubles in a week, as it did for me, it's easy to think you're a genius.
But you can get burned assuming it will keep skyrocketing. Some investors have likened the bitcoin hype to the dot-com bubble. Others, like Dimon, have said it's even " worse " than the Dutch tulip mania from the s, considered one of the most famous bubbles ever. As Buffett put it back in , "the idea that [bitcoin] has some huge intrinsic value is just a joke in my view.
There's also no interest or dividends. Bitcoin serves as a new kind of currency for the digital era. It works across international borders and doesn't need to be backed by banks or governments.
Or at least that was the promise when it was created in The surge and volatility of bitcoin this year may be great for those who invested early, but it undermines bitcoin's viability as a currency. Related: Bitcoin boom may be a disaster for the environment. Then again, if bitcoin crashes, at least I'll always have the socks. Rather than a currency, bitcoin is being treated more like an asset, with the hope of reaping great returns in the future.
So is there anything truly valuable about bitcoin? Bitcoin is built on the blockchain , a public ledger containing all the transaction data from anyone who uses bitcoin. Transactions are added to "blocks" or the links of code that make up the chain, and each transaction must be recorded on a block.
Even bitcoin critics like Dimon have said they support the use of blockchain technology for tracking payments. Is there a legal and legitimate way to invest in bitcoin?
Bitcoin exchanges have a checkered history. Gox, once the largest exchange, shut down in after losing hundreds of millions of dollars worth of bitcoin after a hack. Square SQ , the payments service, is also rolling out a bitcoin product.
There are also bitcoin ATMs in scattered bodegas and convenience stores around the country, through companies like Coinsource.