|Brief||How to describe bitcoin in plain English? It's the first and currently most popular decentralized digital currency, which was created in 2008. The technology behind it is blockchain.|
|Last updated:||Monday, October 14, 2019 5:56:32AM UTC|
|Current price, USD:||8 353.681|
|Current price, BTC:||1.0000000|
|Market capitalization, USD:||150 292 330 350|
|Available supply:||17 991 150 BTC|
|Volume 24 hours, USD:||14 422 232 882|
General BTC facts, technical details and general information about Bitcoin crypto currency
How to describe bitcoin in plain English? It’s the first and currently most popular decentralized digital currency, which was created in 2008. The technology behind it is blockchain, a public ledger payment technology which takes intermediaries (such as banks and other service providers) out of the financial equation. Bitcoin’s emission is not controlled by anybody, the currency issue occurs through “mining” – the work of powerful computer processors around the globe using a program for calculating mathematical algorithms. This decentralization, i.e. absence of controlling institution, makes bitcoin independent from state regulators, banking and finance institutions and that is both an advantage and a drawback for the coin. As most financial regulators are still forming their position on this and other cryptocurrencies this year’s price rally has resulted in Wall Street gurus calling bitcoin a “fraud” and “bubble”. However, investors’ interest in bitcoin is seemingly unstoppable as more and more brokers and hedge funds are offering investment opportunities for crypto fans. If you want to add bitcoin in your investment portfolio, there are plenty of options for you: mining, trading bitcoin on one of cryptocurrency exchanges, accepting payment for your services in bitcoin, trading cryptocurrency using CFDs and event getting paid in bitcoin.
We list daily Bitcoin historical data for the past 10 days
|Date||Open, $||Min, $||Max, $||Market cap, $|
|Oct 05||8 184.732||8089.496||8198.121||146 500 043 414|
|Oct 06||8 149.871||7980.378||8149.871||143 548 080 955|
|Oct 07||7 935.294||7915.436||8285.965||148 252 589 805|
|Oct 08||8 256.591||8189.123||8311.878||147 966 069 982|
|Oct 09||8 221.688||8174.611||8611.996||154 495 700 058|
|Oct 10||8 578.310||8492.528||8610.306||154 404 222 422|
|Oct 11||8 543.213||8319.93||8683.459||149 652 754 618|
|Oct 12||8 333.316||8333.316||8407.904||149 982 470 746|
|Oct 13||8 349.860||8287.623||8460.288||149 700 817 939|
|Oct 14||8 307.056||8307.056||8353.681||150 292 330 350|
|BTC price change 24 hours||0.05%|
|BTC price change 7 days||4.98%|
BTC is holding above 5600 which is a bullish sign. All indicators are pointing to a further push to levels such as 6k-7k. It’s more than likely we see these levels because many have accumulated within the 5k range ever since we bounced off the 3k low. It’s important to remember that the halvening is now less than a year away, and historically BTC has shown increased valuation to the lead up. We’ve only seen two halvenings in the past, and this will be BTCs most significant milestone now that it has a global awareness.
Ok, BTC has maintained over 5k for the last two weeks. This is a bullish indicator and I hope everyone here is holding the majority of their crypto in BTC. BTC just did a minor shakeout from 5,600 to 5,100 due to the usual Tether FUD, and it’s already back to it’s stable levels of 5,300. All indicators are pointing towards 6k, 8k, and 10k. T may seem unlikely at first, but when you filter out all the noise that crypto kids put out on social media it becomes far easier. BTC is on the rise again, and besides all the positive news surrounding it, the halvening IS happening is exactly one year. It’s no longer crazy to estimate that one btc will be worth over 100k within the next few years. I hope you’re loading your BTC bags.
Here we go, BTC is hovering above 5k which is exactly what the market needs to see to regain their long-lost confidence in the crypto market. It’s important for these moments that BTC remains strong in the eyes of skeptics. Currently, The overall trend has been incredibly positive for the whole crypto market because of adoption. The big money has finally showed its face and proved to everyone that we are in the midst of a major uptrend in the coming months. Once retail investors even catch a whiff of profits, they’ll come back like lemmings.
This is the most important last few days since early 2018. We finally broke out of the downtrend that's been strangling us since the major crash post 2017. BTC breached 5k and this wasn't the work of retail investors. It needs to be understood that a daily volume of 26 billion dollars is not the work of regular buyers. Even at the height of the bull run in 2017, BTC's volume barely scraped this level. What does this mean? It means the herd is finally here. Institutional buyers are alive and well, and they are buying BTC. If you don't believe me, then sit on the sidelines and buy back in when BTC is creeping up to 10k. The halvening is on it's way, and like clockwork the BTC market is starting its engines.
Bitcoin is King. This is the real deal. The one and only. This is the coin that will outlast them all- feel free to mark my words. BTC is the only digital currency with a true use case. It's currency. We use it to pay for things and to store value. It's value is derived from the endless work performed by the miner armies of the world. Bitcoin has breached 4k. What's your plan when it blows through 6k? The whales are accumulating and they aren't waiting around to see what happens around the corner. Get in or rip.
We publish the most accurate Bitcoin Forecasts and News including crypto industry experts' opinion on a daily basis
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