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what was the max value of bitcoin

That was the highest level since an intraday high on May 11, At around a. There has been an increase in major companies experimenting or bringing out cryptocurrency-related products. For example, Taiwanese phone maker HTC released a phone focused on helping people store their digital coins, while Facebook is reportedly working on its own cryptocurrency.

Fidelity, meanwhile, launched a new company to help institutional investors trade bitcoin. Other cryptocurrencies were also higher on Monday. Sign up for free newsletters and get more CNBC delivered to your inbox. Get this delivered to your inbox, and more info about our products and services.

Privacy Policy. All Rights Reserved. Data also provided by. Skip Navigation. Markets Pre-Markets U. Key Points. The digital asset marks its highest dollar-denominated value since May 11, Other cryptocurrencies, including ethereum, are also sharply higher. Related Tags. Trending Now. Trump has been impeached by the House.

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what was the max value of bitcoin

Total Number of Bitcoins

By GlossySeptember 29 in Bitcoin. Bitcoin is the most popular and a lot of people use it, but there are other cryptocurrencies too with different benefits. Bitcoin so far and I think it will be for long time because of it's popularity and limited supply. The chances for others are very much not existence right. We can do it! For me this currency is made to earn and lose, therefore, the only amount we should have on this is the money we dont need to spend. BUT, IF local stores and merchant will accept crypto in their routine then that is the call to shift.

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By using our site, you acknowledge that you have read and understand our Cookie Policy , Privacy Policy , and our Terms of Service. Of course dollars would drop to zero in this theoretical case, but we can still measure BTC in today's dollars and get a finite result. I think a more reliable way is to compare it to gold, since the exact value of currency in the world is very difficult to calculate. It's estimated that , tonnes of gold have been mined in human history, which is roughly equivalent to 5. That's a pretty decent number to use if you're looking to imagine replacing all fiat money with Bitcoin. One big problem: there would be more demand for "cash" transactions since Bitcoins are more convenient than physical cash. That is, due to convenience factors, a lot of us like monetary transactions that don't require the existence of any paper or coin. If we all switched to Bitcoin, how many of us would transfer BTC to a bank for the promise to pay back?

what was the max value of bitcoin

INFO ON Bitcoin

By GlossySeptember 29 in Bitcoin. Bitcoin is the most popular and a lot of people use it, but there are other cryptocurrencies too with different benefits. Bitcoin so far and I think it will be for long time because of it's popularity and limited supply.

The chances for others are very much not existence right. We can do it! For me this currency is made to earn and lose, therefore, the only amount we should have on this is the money we dont need to spend. BUT, IF local stores and hwat will accept crypto in their routine then that is the call to shift. We only had 10 years since Satoshi release his whitepaper.

Give it enough time. May be for someone it's not storing wzs value but I see it as store vzlue value. We can not exactly track how much Monero there are because of its privacy, and that is why Monero will simply NEVER be a store of value. Yes Bitcoin is by far the most used cryptocurrency, but that doesn't mean that some other coin will take its place.

The price will stabilize eventually and become less volatile - but even the price of gold changes from time to time. That's what I am saying. If we talk about popularity then other coins are miles behind and if we talk about hash power then it's the. Bitcoin brought up the concept of decentralization and made it popular so my guess is that as long as decentralization stays Bitcoin bitfoin stay and dominate. No privacy coin can ever be store of value as I said, because for something to be a store of value there need valuf be limited number of coins and they should be public and not private.

So, something maybe can replace Bitcoin but it can never be any privacy coin as a store of value. Store of value doesn't mean it is going what was the max value of bitcoin go up in a short time. Just look at the yearly lows. Every year bitcoin makes a higher yearly low price. That's how you define "store of value". I don't think any other crypto is capable of doing. Win Free Bitcoins every hour! I am quite confused with your statement.

What's the relation between not being store of value when it's a privacy cryptocurrency? People are mostly using it for both untraceable transaction as well as hiding their assets from prying eyes. So, I think it has nothing to do with not being a store of value. Rules of CryptoTalk. Agree. I just learnt the yobit coins are costing 0.

It's vale same with privacy coins. And this is why Bitcoin is the first choice. Now one can argue that how about other coins that was forked from Bitcoin. Such as BCH. Privacy coin has also limitation, Monero doesn't. I think only limited and low supply can't be an indication of store of value.

Miners choose BTC Bitcoin when split happened, and great majority of users with hashrate stayed on Bitcoin. To store value, bitcoin is the best option, because it has a greater history and has more people who join the market every day, since Monero is very good, and used if you want to keep anonymity, the only thing is that if Bitcoin falls in price Monero will suffer, so no Altcoin for me has a life of its own, unless they are coins that survive the Pump and Dump.

Ver is an opportunist, he will move where he will see money. Right now he is pushing BCH thinking it has future. I think it would have a good shot if ver would accept that it's an alt not bitcoin. I am telling you again Whatt didn't say that, I am not saying privacy coins are store of value.

My point is they can be store of value if this coin has enough potential in the market. Why mate? Thee can always get the exact information on coins on circulation whta the market. You ca easily know how many coins are there because you know each of the coins has its own mining algorithm and their distribution model.

You can easily calculate how many coin have been mined. Please try to calculate this for Monero coin, and ask someone who is smarter then me and understand economy why privacy coins can never be good store of value.

I am genuinely curious to know the reason? Is this because of the supply, max cap? Or currently there are no such privacy coin yet in the industry? What you are exactly looking for? Current supply of Monero? It's available on coin stats sites, isn't it? Coins on circulation is available. I am now quite confused, hopefully not making confused you as. May I didn't get what you meant.

By this definition Bitcoin also do not have store value. You need to be a member in order to leave a comment. Sign up for a new account in our community. It's easy! Already have an account? Sign in. By SuzanDecember 9 in Crypto World. By yahyalOctober 11 in Crypto World.

By funchy Started October 7. By epidemia Started September By Graham Started Just. By crockez Started November Search In. Bitcoin as a store of value By GlossySeptember 29 in Bitcoin. Recommended Posts. Posted September What do you think what cryptocurrency is the best for store of value.

For example Monero is valke coin that can not be traced. And what other assets do you prefer as a store of value? Gold has been traditionally used for hundreds of years for example. Share this post Link to post Share on other sites. Cryptocurrency is not a good store of value as the price is changing so fast. Posted September 29 edited. By guard. Low and limited supply is what gives value to any asset not just crypto. Just now, xBDT Script said:. Problem with others that they do not have much demand in the space hence the hashrate is dying.

Just now, hexwin said:. With all this privacy coins we never know exact current supply of coins. We can never be sure. What was the max value of bitcoin more example of not store of value Monero. It has some value as wqs best privacy coin. Even though Bitcoin has limited supply. Create an account or sign in to comment You need to be a member in order to leave a comment Create an account Sign up for a new account in our community.

Register a new account. Sign in Already have an account? Sign In Now. Go To Topic Listing. Can i sell my 1 LTC? Better way to improve clean knowledge about bitcoin?

Bitcoin To Hit $100,000, Max Keiser Doubles Down - Part 1

How Many Bitcoins Are There Now in Circulation?

Business Insider, Inc. In OctoberBitPay reported having over 1, merchants accepting bitcoin under its payment processing service. This fork is subsequently resolved by the software which automatically chooses the longest chain, thereby orphaning the extra blocks added to the shorter chain that were dropped by the longer chain. Hidden categories: Webarchive template wayback links Webarchive template webcite links CS1 maint: multiple names: authors list Vslue long volume value Use dmy dates from January All articles with unsourced statements Articles with unsourced statements from June Articles with unsourced statements from May Retrieved 26 June Bitcoin generates more academic interest year after year; the number of Google Scholar articles published mentioning bitcoin grew from avlue into teand wnat A Wired study published April showed that 45 percent of bitcoin exchanges end what was the max value of bitcoin closing. Login Newsletters. Securities and Exchange Commission filed an administrative action against Erik T. For example, Taiwanese phone maker HTC released a phone focused on helping people store their digital coins, while Facebook is reportedly working on its own cryptocurrency. Tibanne Co. Adam Back developed hashcash, a proof-of-work scheme for spam control. Archived from the original on 3 November

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