Bitcoin (BTC) Review (9.5/10⭐)



Click to see screenshots
Bitcoin has been a hot topic for years now, generating an enormous amount of coverage and discussion. You may have heard about it on the news, but what is it really? What's the hype all about? Is it a good time to buy Bitcoin? And what about the current price estimates for 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 owning and using this cryptocurrency.
BTCUSDT (-0.66%)
$27,965.1
March 20, 2023, 2:36 pm [UTC]


Visitor Consensus on Bitcoin Today
Positive: 53.13%Negative: 46.87%
What's your view on Bitcoin today?
 
›› Buy/Sell Bitcoin here

 

Unless you've been living inside a cave for 10 years, you've likely 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.

 

A Bit 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, with 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 this virtual currency to exist.

Bitcoin is the world's most well-known cryptocurrency; easy to transact at a low cost & often seen as a digital store of value.CryptoLists.com
 

Like a digital form of gold, Bitcoins must be mined. But, 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. Many people see it as a digital version of gold.

Bitcoin Price details




Very speculative and theoretical potential data
Last updated: January 25, 2023, 11:16 am
›› BTC tokenomics and social media
 

Advantages of Bitcoin

+ The worlds most reputable cryptocurrency.
+ Popular as store of value.
+ Ease of Use.
+ Privacy and Anonymity
+ Currently, BTC trades at a lower price then end of last year.
 

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.
- Other coins perhaps have better utility.
 

Costs

▪ Rated at 9/10

While Bitcoin transactions aren't necessarily the cheapest, it's mainly the time that represents the main negative factor. Many people prefer to use a scaling solution such as the Lightning network for faster and even cheaper transactions. Bitcoin might be the most famous of the cryptos, but others have come along since that are a lot faster and cheaper in terms of day-to-day utility.

 

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

What is the price estimates for Bitcoin?

Below are some of the most recent price predictions for BTC.

Date: 9/2, 2022: Research Firm: Fsinsight. Who? Tom Lee. Price target: $200 000.
Date: 25/5, 2022. Bank: JP Morgan. Price target: $48 640, 2023.
Date: 15/10, 2021. Fund: Ark Funds. Person: Cathie Wood. Price target: $500 000 in 2026.
Date: Beginning of 2022. Who: Bloomberg Intelligence. Price target: 100 000 USD for 2025.
Date: January, 2022. Who: Bill Miller. Price target: 100 000 by 2025.

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 it’s 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.

 

History of Bitcoin

2008 (18 August) - Bitcoin.org was registered.
2008 (31 October) - Whitepaper for Bitcoin was first shared with the public.
2009 (January) - The founder Satoshi Nakamoto released the open source code and started the Bitcoin Network.
2010 - The first known commercial transaction made with Bitcoin when two pizzas were bought for 10,000 BTC.

›› Trade Bitcoin here›› Buy/Sell Bitcoin here

Screenshots from Bitcoin

Click for larger image
 

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, BTC/USD, BTC/EUR, BTC/JPY
BTC/DAI, BTC/GUSD, BTC/USD
BTC/EUR, BTC/GBP, BTC/USD, BTC/USDT
BTC/USDT, BTC/AUD, BTC/BIDR, BTC/BRL, BTC/BUSD, BTC/DAI, BTC/EUR, BTC/GBP, BTC/RUB, BTC/TRY, BTC/UAH, BTC/ZAR, BTC/PLN
BTC/AUD CFDs, BTC/BYN CFDs, BTC/BYN CFDs, BTC/CAD CFDs, BTC/CHF CFDs, BTC/CHF CFDs, BTC/CZK CFDs, BTC/DKK CFDs, BTC/EUR CFDs, BTC/GBP CFDs, BTC/HUF CFDs, BTC/HUF CFDs, BTC/ILS CFDs, BTC/JPY CFDs, BTC/JPY CFDs, BTC/MXN CFDs, BTC/NOK CFDs, BTC/NZD CFDs, BTC/RON CFDs, BTC/SEK CFDs, BTC/SGD CFDs, BTC/TRY CFDs, BTC/USD CFDs, BTC/ZAR CFDs
BTC/USD, BTC/EUR, BTC/GBP
BTC/BRL, BTC/EUR, BTC/GBP, BTC/HUSD, BTC/RUB, BTC/TRY, BTC/USDC
BTC/ETH, BTC/ADA, BTC/LTC, VIO/BTC
BTC, BTC/EUR, BTC/EUR, BTC/USDT, BTC/USD, XRP/BTC
BTC, BTC/BNB, BTC/ETH, BTC/EUR, BTC/USDT
BTC/USDT, BTC/ETH, BTC/DAI, BTC, BTC/PAX
BTC/TUSD, BTC/USDT, BTC/DAI, BTC/USDC, BTC/BRL, NRFB/BTC
BTC/ETH, BTC/USD
BTC/EUR, BTC/LINK, BTC/LTC, BTC/USD, BTC/USDT
BTC/USDT, BTC
BTC/ETH, BTC/USDT
BTC/AUD, BTC/BCH, BTC/BNB, BTC/BUSD, BTC/CAD, BTC/DASH, BTC/DOGE, BTC/ETC, BTC/ETH, BTC/EUR, BTC/LTC, BTC/SOL, BTC/USD, BTC/USDC, BTC/USDT, BTC/XLM, BTC/XRP
BTC/USD, BTC/USDT, BTC/BUSD, BTC/USDC, BTC/UST
BTC/EUR, BTC/LINK, BTC/LTC, BTC/USD, BTC/USDT
BTC/DAI, BTC/EURT, BTC/USDC, BTC/USDK, BTC/USDT
BTC/USDC, BTC/USDT
BTC/USDT, BTC/EUR, BTC/GBP, BTC/JPY, BTC/XAUT, BTC/EUT, BTC/MXNT, BTC/MIM
BTC/USDT, BTC/BUSD, BTC/USD
BTC/USDT, BTC/USDC
BTC/USDT, BTC/DAI
BTC/EUR CFDs, BTC/USD CFDs
BTC/USDT, BTC/USDT
BTC/USD, BTC/ETH, BTC/DASH, BTC/LTC, BTC/BCH
BTC/USD, BTC/AUD, BTC/AED, BTC/CAD, BTC/CHF, BTC/EUR, BTC/GBP, BTC/JPY
BTC/USD, BTC/KRW, BTC/EUR, BTC/JPY, BTC/TRY, BTC/CAD, BTC/AUD, BTC/BNB, BTC/BUSD, BTC/BCH, BTC/DASH, BTC/DOGE, BTC/ETC, BTC/ETH, BTC/LTC, BTC/SOL, BTC/USDT, BTC/XRP, BTC/XLM
BTC/USDT
BTC/SEK, BTC/ETH, BTC/DOT, BTC/MATIC, BTC/LINK
 

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
 

Other tokens or coins to check out

Since you are interested in Bitcoin, you may also want to check out the coin(s) or token(s) below?
Bitcoin Newsflash
    As BTC falls on Friday, will Bitcoin casino activity spike?As BTC falls on Friday, will Bitcoin casino activity spike?
    Saturday, 11 Feb 2023 9:38 am
    In the cryptosphere it's a well observed fact that during bearish periods there's an uptick in the use of crypto coins on casinos. This is because people are eager to put their Bitcoin and altcoins to good use instead of waiting for the market to have another leg upwards. And, with crypto casinos on the rise across the iGaming space, it's a perfect time to put that theory to the test! Want to bet on this weekends sports with BTC? Sign up for Sportsbet Casino now!


    Bet with Bitcoin on big time sports at Sportsbet Casino!Bet with Bitcoin on big time sports at Sportsbet Casino!
    Tuesday, 7 Feb 2023 8:20 am
    Wanna play with Bitcoin (BTC) or perhaps wager with : Litecoin (LTC)? At Sportsbet Casino it's more than possible since they have support for lots of major cryptos as well as fiat options too. With decentralized sign up when you use Metamask it's also great for anonymity. Sportsbet has tons of fun casino games to complement their selection of sports betting options. If that sounds like a ton of fun, you'd be right. Sign up for Sportsbet Casino now!


    Is a BTC and ETH breakout on the cards this weekend?Is a BTC and ETH breakout on the cards this weekend?
    Saturday, 28 Jan 2023 9:44 am
    This past seven days has seen a relatively mild market, without many big ups or downs. Yesterday saw some small volatility, but nothing to write home about. Bitcoin (BTC) is hovering between $22,300 and $23,400 and Ether (ETH) between $1,550 to $1,650. However, many analysts on social media believe various factors are coalescing to produce either a sharp move up, or sharp move down over the next few days. If you'd like to test your market expertise, open a free account on Skilling today!


    Top analyst reveals his price target for Bitcoin in 2023...Top analyst reveals his price target for Bitcoin in 2023...
    Thursday, 19 Jan 2023 8:29 am
    An analyst who made his name correctly predicting the 2021 crash - you know, the one that begun the bear market - says that the top target for this year is $42,000. 'Dave the Wave' says this is a good estimate as the BTC market matures and possibly moves to more irregular patterns. If Bitcoin (BTC) follows its usual cycle then the halving event will occur in about 15 months from now, which means it should soar in 2024 with more in store in '25...
    Read the full newsflash


    Is the bear market proper finally over? History suggests soIs the bear market proper finally over? History suggests so
    Saturday, 14 Jan 2023 7:56 am
    The bear market may have bottomed out in the wake of the FTX's bankruptcy, if various online analyses are to be believed. In a similar pattern to that of 2019 - the year prior to the last Bitcoin halving event - the leading crypto coin has shattered bearish patterns. By touching $21,000 BTC has broken a very significant line of resistance, a line that many 'permabears' online were expecting it not to pass. Money is now flowing into altcoins, which is only good for the market as a whole. Want to buy Bitcoin? Sign up for Coinbase now, one of the most reputable and regulated crypto plaforms

New crypto casinos
Recent crypto sites
Recent crypto coins
CryptoLists.com
Copyright © 2019-2022, by Crypto Lists Ltd (CryptoLists.com). Company name: Crypto Lists Limited. Address: 5 Upper Montagu Street, LONDON W1H 2AG, England.
Jump to top