Bitcoin is the first and most popular digital currency - a cryptocurrency. It powers a peer-to-peer network for the exchange of value through the use of a decentralized protocol. The idea behind Bitcoin is to have a system where there is no middleman or central authority. The live Bitcoin to USD conversion is $ 97,369.44.
Bitcoin refers to both the software protocol as well as to the digital asset, which goes by the ticker symbol BTC. At its most basic level, Bitcoin is useful for transacting value outside the traditional financial system. You can buy and sell BTC for other cryptos alongside more traditional currencies at crypto exchanges like Binance, Kraken and Bitstamp.
Satoshi Nakamoto, a mysterious person (or group of people), launched Bitcoin in 2009. What sets it apart is that it's completely decentralized, meaning no single entity controls it. Instead, a network of computers, known as miners, maintains and validates transactions.
Bitcoin mining creates new bitcoins in the form of block rewards. The process verifies transactions on the blockchain. Miners earn Bitcoin as a reward for completing "blocks" of verified transactions and adding them to the blockchain.
It has a maximum total supply of 21 million, which means that there can only be 21 million in circulation. However, the number of issued Bitcoins will likely never reach 21 million. That is because of the use of rounding operators in the codebase.
You can break a single Bitcoin down into 100 million tiny pieces called "satoshis." You can store them in a digital wallet. The current price of 1 BTC in USD is $ 97,369.44. But you do not need to buy a whole Bitcoin; you can buy a very small fraction of it.
You can send parts of a Bitcoin to pay for things. You can also trade it for other crypto assets. But when you dig into the technicalities, it's like peeling an onion—layer after layer of complexity.
All Bitcoin transactions happen on a blockchain. Think of it as a public digital ledger that everyone can see but no one can tamper with. Miners are the ones who validate and secure these transactions. They validate transactions by solving complex math problems and receive new bitcoins as a reward for their efforts.
Key Points to Remember
The fastest, most convenient way to purchase Bitcoin is to purchase it on ICONOMI. We check Bitcoin live prices on 10+ crypto exchanges and buy it at the best market price.
You can buy Bitcoin by adding it to your private Crypto Strategy (crypto portfolio). You can also use our recurring buy feature that tends to level out cryptocurrency price volatility effects. You can find out more about how to benefit from smaller investments at regular intervals on our blog article.
We recommend you do your own research and cryptocurrency analysis. Experienced crypto traders use fundamental and technical analysis to evaluate if Bitcoin is a good buy/sell. Fundamental and technical analyses are the two most common types of analysis used in trading traditional assets (e.g. stocks and bonds).
If you are unfamiliar with analyzing cryptocurrency prices and want to buy Bitcoin, we recommend you read the next section, as copying might be a better approach.
If you are not skilled at these, consider a different approach to investing in cryptocurrencies. You can learn from and copy seasoned crypto traders on ICONOMI who regularly share their insights and manage their public Crypto Strategies. Go to the strategies page and use the “ticker” filter to find out which public Crypto Strategies have Bitcoin in their structure.
Here you can read and comment on all posts made by Strategists about Bitcoin BTC. See all Bitcoin price predictions in real time and make the best use of their crypto knowledge.
🖼️ NFTs are more lucrative sector after it’s first debut and this sector is developing quite rapid after, even in morbid bear market.
🕵️♂️ Deep development meanwhile, delivered much more use cases, which makes NFT Sector more speculative for higher yields.
📖 DeFi usually is “after $BTC rise” first affected, but recently looks like NFT is gaining that momentum.
💊 Stack sats
🚀 The start of Altseason is here!🚀
We're excited to announce that the eagerly awaited altseason has begun! Over the next few months to half a year, we anticipate that smaller projects will yield higher returns than $BTC.
The chart shows Bitcoin dominance (the percentage of the crypto market occupied by Bitcoin), which has taken a sharp turn downward in the last two weeks. The lower it goes in the coming months, the better it will be for investors in Dream Crypto Strategy! We'll be taking profits during significant upward jumps in individual tokens, aiming to keep a level head and cashing in profits sooner rather than waiting too long.
Let's keep our fingers crossed for a prosperous altseason! 💪
#CryptoStrategy #Altseason #BitcoinDominance #Investments #CryptoReturns
@CryptoEchein i really feel like an Ape to follow your ApeCapital strategy. Few months ago you switched structure each now and then, incurring in 0.04% fee affecting greatly the performance of your strategy. Now that everything is booming and over performing $BTC you stick to $SOL without mentioning why if not for a dogmatic " $SOL /$BTC chart looks good so we'll trade it first". You probably have no idea on fundamentals as there are much better chains than $SOL. What concerns me the most is that you write you all have 150yr in total experience as professional traders, while just to read your articles on bitcoin.live you got to pay, meanwhile you are dead on @ICONOMI and never answer nor explain your strategy. You know what? If @ICONOMI does not account for death strategists (not to shut them down but for verifying them) it looses credibility of the platform, which is their choice, but in the meantime you won't see my money anymore as you are yet to demonstrate that your previous bull run was luck. I may be wrong and you'll be outperforming @Diversitas and Alpha Digital Group, time will tell, but by now this is my opinion...
your last post was on 15 Mar, 2023 🤔 why shit on his strategy while there are dozens on Iconomi deserted after LUNA disaster and there are strats here just hodling one coin and asking a copy fee for it... he is actually performing strat changes
📊 DeFi is undervalued. Based on previous Bitcoin $BTC bullish sentiment, AltSeason pops up delayed.
📚 Usually among altcoins, DeFi sector gains greater momentum.
💊 Stack sata
📢📢📢📢📢📢📢📢📢📢📢📢📢
Let me explain you a simple thing💁♂️
🟢 TOTAL Market Cap already booked a breakout and charting in the price discovery (mainly driven by $BTC)
🟢 TOTAL3 is one step away to go into price discovery.
🟢 TOTAL2 is lagging but breakout is also on the way (mainly driven by $ETH)
- With TOTAL2 & TOTAL3 will also pump its ecosystem's #alts that's why I am telling it's still a good time to accumulate😉
🟢 OTHERS is altcoins market cap with top10 coins excluded (will follow the whole market).
Accumulate as breakout are on the way! Do not miss such chance🚀
My strategy here: https://www.iconomi.com/asset/CRYPTOALLIEN
My strategy is private. The public strategy is Top 15 Index which is completely automated and tracks the best 15 strategies. So is Bidirectional LSTM 14d, which post automatically at each rebalance. I have never said I am an experienced trader, nor I have written dodgy descriptions to attract pp money. You can see the comments I wrote on his posts and see that are weeks without even answer. Worst of all, the dude rebalanced 300 times like in a month and it came out of the blue when mentioning the 0.04% rebalance cost, which makes me wonder, do you know what you are doing? Also I said this is my opinion, feel free to keep your money there if you have any...