Bitcoin is a digital currency (also called crypto-currency) that is not backed by any country's central bank or government. Bitcoins can be traded for goods or services with vendors who accept Bitcoins as payment.
New bitcoins are generated by a competitive and decentralized process called "mining". This process involves that individuals are rewarded by the network for their services. Bitcoin miners are processing transactions and securing the netw
Bitcoin has no such safety net. If your Bitcoins are lost or stolen, there's no intermediary with the power to make you whole. There are two basic ways to hold Bitcoins. You can participate in the Bitcoin network yourself, storing the keys to your Bitcoins in a wallet stored on your hard drive.Apr 3, 2013
Get bitcoins. You can get bitcoins by accepting them as a payment for goods and services or by buying them from a friend or someone near you. You can also buy them directly from an exchange with your bank account.
That doesn't make the FBI the world's largest bitcoin holder. This honor is thought to belong to bitcoin's shadowy inventor Satoshi Nakamoto, who is estimated to have mined 1 million bitcoins in the currency's early days. His stash is spread across many wallets.
Bitcoin is of interest to law enforcement agencies, tax authorities, and legal regulators, all of which are trying to understand how the cryptocurrency fits into existing frameworks. The legality of your bitcoin activities will depend on who you are, where you live, and what you are doing with it.
There is a total of 20999999.9769 BTC, or in simple terms, there are nearly 21 mln Bitcoins. Over the coming 10 years, if Bitcoin demand increases by only four percent...you take away away four percent that global demand value (world market capitalization value = $72.3 tln + professionally managed global real estate market = 7.4 tln + global debt = $199 tln + MSCI All Country World Index Market Cap = $50.025 tln), it gives you the price for each Bitcoin at $619,047. However, if the Bitcoin supply goes unlimited, which is feasible - because in August we also had a forking event which gave birth to Bitcoin cash - things would change substantially. The value of new Bitcoin Cash for now is approximately $5 bln. If the supply is not limited, the core foundation of cryptocurrency would shift and a number of elements would come on par with the central bank’s currencies