Sign up to join this community. The best answers are voted up and rise to the top. Stack Overflow for Teams — Collaborate and share knowledge with a private group. Create a free Team What is Teams? Learn more. How do I calculate the value of some amount of bitcoins in my native currency?
United States dollar to Bitcoin (USD to BTC)
Ask Question. Asked 7 years, 11 months ago. Active 12 months ago. Viewed 65k times. Improve this question. Sarmen B. I didn't know this was the grade school math SE — dchapes Apr 10 '13 at DaveC There's no need to be rude to him. Dave, i just wasnt sure and i dont know why i got negatives for this, it was an honest question. Apr 10 '13 at While it is baffling to me that someone would have to ask about that, it's just been asked again for the n-th time , so I am proposing to create a lightning rod question here.
Brazilian Real (BRL) and Bitcoin (BTC) Currency Exchange Rate Conversion Calculator
Add a comment. Active Oldest Votes. Improve this answer. Sure it would. Well yes. Since I wrote the answer the question was changed 18 months later to remove the values that were in the original question and to which my answer referred. There are three figures involved in this calculation: The value in USD. The amount of bitcoins. Example: We have 0. The issue of scalability has been a particular pain point.
The number of transactions that can be processed depends on the size of blocks, and bitcoin software is currently only able to process approximately three transactions per second. The community is divided over the best way to increase the number of transactions. Past bitcoin hard forks have included bitcoin cash and bitcoin gold. Bitcoin's value is largely dependent on its supply and the market's demand for it. Its value is also attributed to other factors, such as alternative digital currencies— including their supply and price—availability, and rewards for mining.
As bitcoin nears its maximum limit, demand for it increases. The increased demand and limited supply push the price per bitcoin upward. Also, more institutions are investing in bitcoin and accepting it as a form of payment, thereby increasing its utility and making it a preferred medium of exchange among consumers. Bitcoin is relatively safe due to cryptography and robust protocols and readily available through several exchanges.
Also, you need not purchase a full bitcoin to have ownership of it. Fractional shares are available, increasing its attractiveness and value. Unlike stock, bitcoin does not represent ownership in a company or entity. Bitcoin miners earn rewards for completing blocks of verified transactions, and owners of bitcoin make money as the price per coin increases.
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The demand for bitcoin is increasing, whereas its available supply is shrinking. This results in increased prices. Consumers, companies, and investors favor bitcoin for its profitability and its ability to hedge inflation. The resulting popularity contributes to increased demand, and thus an increased price. Bitcoin's price fluctuates for various reasons, including media coverage, speculation, and availability. With negative press, some bitcoin owners panic and sell their shares, driving down the price. Vice versa with positive press.
Also, when the volume of bitcoin sold on the market increases, the price decreases. As more institutions adopt bitcoin as an investment and medium of exchange, its price increases. Also, many people have eroded confidence in their fiat currency and seek alternative sources to store their money. Because bitcoin is decentralized and unregulated, it is a favorable alternative, thus driving up its price. Since each individual's situation is unique, a qualified professional should always be consulted before making any financial decisions.
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Bitcoin Advantages and Disadvantages. Bitcoin vs. Other Cryptocurrencies. Bitcoin Value and Price. Cryptocurrency Bitcoin. Table of Contents Expand. What Determines Bitcoin's Price? Understanding What Determines Bitcoin's Price.
What Determines the Price of 1 Bitcoin?
Supply and Demand. Cost of Production. Availability on Currency Exchanges. Regulations and Legal Matters.
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Forks and Governance Stability. Key Takeaways Purchasing stocks grants you ownership in a company, whereas purchasing bitcoin grants you ownership of that cryptocurrency. Bitcoin is neither issued nor regulated by a central government and therefore is not subject to governmental monetary policies. Bitcoin prices are primarily affected by its supply, the market's demand for it, availability, and competing cryptocurrencies. As of December , approximately Article Sources.
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