Bitcoin review details (BTC)



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Bitcoin has been a hot topic generating a significant amount of coverage and discussion for years now. You may have heard about it on the news, but what is it really? What's the hype all about? How to buy Bitcoin? In this article, we will answer those questions and more as we delve into the world of BTC and cover some of the pros and cons of using this cryptocurrency.
BTCUSDT (-0.45%)
$23,507.49
August 18, 2022, 2:30 pm [UTC]


›› Buy/Sell the Bitcoin here

 

Unless living inside a cave for 10 years, you probably heard about Bitcoin (BTC). The world's most famous cryptocurrency is based on proof of work and is seen as a store of value for many investors.

 

Briefly about Bitcoin

Bitcoin is a cryptocurrency and an online payment system that was invented in 2009 by an unknown person or group known as Satoshi Nakamoto. It was designed to replace traditional currencies and overcome some of the shortcomings of other currencies like cash, such as no transaction limits and lower fees. At the time, there were no smartphones, and there wasn't widespread Internet usage which would be one of the reasons technology allowed for this virtual currency to exist. The following is a list of the advantages and disadvantages of BTCs.

An easy to transact at a low cost & a digital store of value.CryptoLists.com
 

How Does Bitcoin Mining Work? BTC mining is the method of verifying and adding transactions to the blockchain, which is a public record. While computers are running BTC software to do this work, any processing power that views or executes a transaction will be rewarded with newly created BTCs. This incentive system helps keep the process secure by encouraging distributed verification among network participants rather than requiring trust in central management. The method of mining BTCs is purposefully designed to be resource-intensive and challenging for miners to find the same number of blocks every day. To be considered valid, each block must have proof of work. When additional BTC nodes receive a block, they verify this proof of work. The hashcash proof-of-work function is used by Bitcoin.

 

Utility of Bitcoin?

It's the worlds most popular cryptocurrency, with the highest volume. BTC is also seen as an alternative store of value, so it can be good to have a little in your portfolio to hedge against inflation.

Bitcoin Price details




Very speculative and theoretical potential data
Last updated: August 18, 2022, 2:18 pm
›› BTC tokenomics and social media
 

Advantages at Bitcoin

+ The worlds most reputable cryptocurrency.
+ Popular as store of value.
+ Ease of Use.
+ Privacy and Anonymity
 

Disadvantages

- Could have way quicker transaction time.
- Storage of BTC is not very safe without a hardware wallet.
- Bitcoin's value can be rather volatile.
- It's still not that widely accepted.
 

Costs

▪ Rated at 9/10

While the costs are not among the lowest for Bitcoin transactions, it's mainly the time that is the main negative factor.

 

Reputation and Buzz

▪ Reputation rated at 10/10
▪ Buzz rated at 10/10

It's the most well-known cryptocurrency in the world, so buzz is not an issue. The reputation is solid and Bitcoin's brand name is super strong.

 

Some of the developers involved in Bitcoin

▪ Rated at 8/10
The logos below represent some of the developers who have been involved in Bitcoin. Check out the developer about page, by clicking the logo. There you can see what coins they have developed and at what exchanges, brokers and trading platforms their coins are available.
Satoshi Nakamoto logo 

FAQ

How do you evaluate if you are buying BTC at the right time?

There is no way of knowing when to buy Bitcoin or when its price is at its peak or near a downfall. While you can follow some analysts and opinionated posts on the internet, the only reasonable way to determine when to buy is with real-time data from reliable sources such as BTC charts. You can check the current price and how it has changed in the last month, the current price and how it has changed in the last 24 hours (updated every 1 minute), or the number of Bitcoin purchase per day. Look for information from as many sources as possible to determine if the time is right for you to follow the general trend.

What is a Bitcoin maximalist?

True Bitcoin maximalists believe that BTC is the only digital asset that will be needed. They don't think you should waste your time with other cryptocurrencies, the so called alt coins such as ETH and BNB. It's worth to note that Bitcoin maximalism is not what Satoshi Nakamoto though when creating BTC. Bitcoin maximalists find that owning you don't need any other currency.

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Screenshots from Bitcoin

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More sites where to buy/sell/trade Bitcoin

Below you can see some other platforms, exchanges and/or brokers where you can buy, sell or trade this token. Click on the logo to read our review.
BTC/USD, BTC/EUR, BTC/GBP, BTC/AUD, BTC/NZD, BTC/CAD, BTC/JPY, BTC/CHF, BTC/ZAR, BTC/HKD, BTC/SGD, BTC/NOK, BTC/SEK, BTC
BTC/USD, ETH/BTC, BTC/GUSD, LTC/BTC, OXT/BTC, LINK/BTC, BCH/BTC, DOGE/BTC, BTC/DAI
BTC/EUR CFDs, BTC/USD CFDs, BTCmini/USD CFDs
BTC, WBTC, BTC/EUR, BTC/EUR, ETH/BTC, BTC/USDT, BTC/USD, CRO/BTC, SHIB/BTC, ADA/BTC, XRP/BTC
ACM/BTC, AUDIO/BTC, BNB/BTC, BTC, BTC/BUSD, BTC/BUSD, BTC/LUNA, BTCST, ETH/BTC, ETH/BTC, LOKA/BTC, SBTC, WBTC
BTC/EUR, ETH/BTC, BCH/BTC, ZEC/BTC, GNT/BTC
BCH/BTC, LTC/BTC, TRX/BTC, COMP/BTC, CHZ/BTC, MATIC/BTC, BAT/BTC, BTC, WBTC
BTC/USD, BTC/EUR, BTC/GBP, EHT/BTC
1INCH/BTC, 1ST/BTC, AAB/BTC, AAVE/BTC, ABA/BTC, ABBC/BTC, ABYSS/BTC, ACD/BTC, ACH/BTC, ACM/BTC, ACO/BTC, ACT/BTC, ADA/BTC, ADK/BTC, ADXN/BTC, AE/BTC, AERGO/BTC, AGLD/BTC, AKRO/BTC, ALCX/BTC, ALGO/BTC, ALICE/BTC, ALPACA/BTC, ALPHA/BTC, AMB/BTC, AMP/BTC, ANKR/BTC, ANT/BTC, APPC/BTC, ARCT/BTC, AENX/BTC, ARPA/BTC, ART/BTC, ASI/BTC, ATA/BTC, ATM/BTC, ATS/BTC, BSV/BTC, BTC/ETH, BTC/ADA, BTC/LTC, BTCA/BTC, BTCA/USDT, BTG/BTC, CAKE/BTC, BUSD/BTC, CEL/BTC, CELO/BTC, CHR/BTC, COMP/BTC, DASH/BTC, DICE/BTC, DNT/BTC, DOGE/BTC, DOT/BTC, DRG/BTC, EMC/BTC, ENJ/BTC, ENS/BTC, EPS/BTC, EQX/BTC, EURS/BTC, EVER/BTC, FARM/BTC, FET/BTC, FIL/BTC, FREE/BTC, FTM/BTC, FTT/BTC, FTX/BTC, GALA/BTC, GMT/BTC, GOLD/BTC, GRT/BTC, GST/BTC, GT/BTC, IHF/BTC, IMX/BTC, INDI/BTC, INJ/BTC, INK/BTC, IOTA/BTC, IPL/BTC, ITS/BTC, IVY/BTC, JAM/BTC, JBS/BTC, JOT/BTC, JUV/BTC, KBC/BTC, KMD/BTC, KRL/BTC, LA/BTC, LAMB/BTC, LAT/BTC, LCC/BTC, LEO/BTC, LIFE/BTC, LINK/BTC, LNC/BTC, LOAN/BTC, MFT/BTC, MOPS/BTC, MIR/BTC, MLD/BTC, MO/BTC, MRK/BTC, MTX/BTC, NEAR/BTC, NEO/BTC, NEXO/BTC, NIM/BTC, NOAH/BTC, NPX/BTC, NTO/BTC, NU/BTC, NXC/BTC, OAK/BTC, OCC/BTC, OCEAN/BTC, OCN/BTC, OCN/BTC, OM/BTC, OMG/BTC, ONE/BTC, PNT/BTC, POLL/BTC, POLS/BTC, PORTO/BTC, POST/BTC, PPC/BTC, PPT/BTC, PRE/BTC, /BTC, PROS/BTC, PSG/BTC, QTUM/BTC, QTUM/BTC, RAISE/BTC, RARE/BTC, REX/BTC, RIK/BTC, ROX/BTC, RPM/BTC, RUNE/BTC, RVN/BTC, SHIP/BTC, SISA/BTC, SKP/BTC, SLV/BTC, SMART/BTC, SMT/BTC, SNC/BTC, SNX/BTC, SOL/BTC, SOLO/BTC, SPICE/BTC, SPICE/BTC, STAR/BTC, STQ/BTC, SUB/BTC, SUN/BTC, SUPER/BTC, SUSHI/BTC, TAAS/BTC, TAU/BTC, TBAR/BTC, TEL/BTC, TIO/BTC, TOMO/BTC, TON/BTC, TORN/BTC, TRU/BTC, TRUE/BTC, TRV/BTC, TUSD/BTC, UBT/BTC, UMA/BTC, UMT/BTC, UOS/BTC, USC/BTC, USDC/BTC, USDP/BTC, USDT/BTC, UST/BTC, VALUE/BTC, VIB/BTC, VIO/BTC
CRO/BTC, ETH/BTC, LTC/BTC, XRP/BTC, EOS/BTC, ATOM/BTC, XLM/BTC, LINK/BTC
BTC, BTC/BNB, BTC/ETH, BTC/EUR, BTC/USDT
DOGE/BTC, BTC/USDT, BTC/ETH, LTC/BTC, ETH/BTC, BTC/DAI, BTC, BTC/PAX
BTC/USD, ETH/BTC, NEO/BTC, ADA/BTC, ATOM/BTC, AUDIO/BTC, AVAX/BTC, BNB/BTC, BTC, MANA/BTC, MATIC/BTC, WBTC
ADA/BTC, AE/BTC, BLY/BTC, DASH/BTC, DBC/BTC, DCR/BTC, DDD/BTC, LTC/BTC
BCH/BTC,CRYPTO, BNB/BTC,CRYPTO, BTC/EUR,CRYPTO, BTC/LINK, BTC/LTC, BTC/USD,CRYPTO, BTC/USDT,CRYPTO, DOT/BTC,CRYPTO, ETH/BTC,CRYPTO, FTT/BTC,CRYPTO, LINK/BTC,CRYPTO, LTC/BTC,CRYPTO, MATIC/BTC,CRYPTO, SOL/BTC,CRYPTO, SUSHI/BTC,CRYPTO, UNI/BTC,CRYPTO, WBTC/BTC,CRYPTO, WBTC/USD,CRYPTO
BAG/HBTC, BTCMT, ETH/HBTC, ETH/JBTC, HBTC, HBTC/USDT, HBTC/USDT, MDX/HBTC, NHBTC, WHT/HBTC
ADA/BTC, AED/BTC, AOA/BTC, AUD/BTC, BCH/BTC, CAD/BTC, CHF/BTC, CNH/BTC, CNY/BTC, CZK/BTC, DASH/BTC, DKK/BTC, EUR/BTC, GBP/BTC, HKD/BTC, HUF/BTC, IDR/BTC, INR/BTC, JPY/BTC, JPY/BTC, KRW/BTC, MXN/BTC, NZD/BTC, PHP/BTC, PLN/BTC, RUB/BTC, SEK/BTC, SEK/BTC, THB/BTC, USD/BTC, USDC/BTC, USDT/BTC, XLM/BTC, XRP/BTC
BTC/USDT, ETH/BTC, BTC
USD/BTC, GBP/BTC, BTC/ETH, BTC/USDT
BTC/USD, BTC/ETH, BTC/DASH, BTC/LTC, BTC/BCH
 

Bitcoin details and tokenomics

Bitcoin Ticker: BTC
Contract address: n/a
Type of crypto: bitcoin-token
Launch/ICO Date: November 1, 2011
Resources & Social media
Blockchain URL: https://etherscan.io
Bitcoin Newsflash
    Tesla Reveals: Sold BTC for $936M in Q2Tesla Reveals: Sold BTC for $936M in Q2
    Thursday, 21 Jul 2022 3:07 pm
    In Tesla織s shareholder letter, Elon Musk reveals that the company sold 75% - equivalent to 936 million USD - of their Bitcoin holdings. Musk told the audience in a conference call that the Bitcoin sale should not be seen as a verdict on BTC. Tesla was simply concerned about their liquidity in China, due to covid shutdowns, he claims. Do you want to buy or sell Bitcoin right now? Try Paxful that offer BTC futures trading where you can both go long and short


    SwissBorg Burn 3.45 million CHSB tokensSwissBorg Burn 3.45 million CHSB tokens
    Thursday, 14 Jul 2022 11:43 am
    Swissborg has been doing their biggest token burn ever, 3 450 000 tokens, following a vote by the community members. Since the price of CHSB was falling against BTC, Swissborg used available funds to buy back CHSB. In June alone, Swissborg bought back 5.8 million CHSB tokens, for an average price of around 0.42 per CHSB. The top tier Swissborg members called Genesis, was the ones that voted mostly for a 100% burn of remaining tokens from the ones put aside. Keen on trading CHSB or simply want to join a simple, user friendly and affordable crypto platform? Try Swissborg now!


    BTC price in EURO or USD? Both cost the same amountBTC price in EURO or USD? Both cost the same amount
    Wednesday, 13 Jul 2022 7:03 pm
    Today, the price of Bitcoin (BTC) cost the same in both euros and dollars, around 19300 euro or usd. It's the first time in 20 years, that the dollar is this strong against the EUR. One crypto site where you can trade both EUR/USD and BTC against USD and EUR is eToro (review). You can Read the full newsflash


    Downtrend continues - BTC below 20k, ETH -7%Downtrend continues - BTC below 20k, ETH -7%
    Tuesday, 12 Jul 2022 3:23 pm
    The cryptocurrency downtrend continue, after the European stock markets is in red and DOJ, S&P500 & Nasdaq seems to open down as well. Bitcoin (BTC) is now below $20k again, while ETH is down around 7% and can be traded for $1073. Polygon (MATIC) is the only winners among the top 35 coins by market and you can see Stanko's price analysis for MATIC here. Do you want to trade? Check out...
    Read the full newsflash


    Volatile day for crypto - SHIB up, ETH & BTC downVolatile day for crypto - SHIB up, ETH & BTC down
    Thursday, 30 Jun 2022 5:48 pm
    It's been a volatile day for cryptocurrencies and before the U.S market opened, it was down even more. Bitcoin (BTC) is trading at $19200 at the moment, while ETH is priced around 1035 USD. One of few winners today is Shiba Inu (SHIB). Keen on getting some action today? Sign-up for eToro, the leading copy trading platform where you can follow traders such as Mario Paladini...
    Read the full newsflash

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