What is one bitcoin worth

History of Bitcoin

Dec. 16, 2013: This is the year that Bitcoin began its real climb. By December, it was selling for $638, which (at the time) seemed unthinkable. You’d have only gotten a portion of a Bitcoin for your $100, but it would still be worth $6,856. How much money is one bitcoin worth The actual total volume should be lower since it is unlikely that all markets are completely efficient and received the same magnitude of above average volume like Gdax did during that 1-minute in question — But we will continue with this estimation for simplicity.

How much money is 1 bitcoin

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If an entity with $825 billion decided to attempt to buy the entire supply of bitcoin, they could place an order to buy $825 billion worth of bitcoin at the current price of $43,000. All orders to sell bitcoin for $43,000 would be executed. After that, the buyer would be forced to raise their price and buy out all holders willing to sell at $43,001. This process would continue at an accelerating pace, and the price of Bitcoin would skyrocket. Each bitcoin purchased by the buyer would come at a higher price, until their $825 billion was exhausted. Bitcoin Mining Profitability When Bitcoin started out there wasn’t really a price for it since no one was willing to buy it. The first time Bitcoin actually gained value was on October 12, 2009 when Martti Malmi, a Finnish developer that helped Satoshi work on Bitcoin, sold 5050 Bitcoins for $5.02. This gave 1 Bitcoin the value of $0.0009.

How much money is a bitcoin worth