Facts
CoinXca.com Facts from The Internet
Digital Crypto Currency is volatile and highly speculative.
Total Cryptocurrencies on Sept 2020 is 6,955 (CoinMarket or 4621 by Coinlore)
2011 - If you invested $1,000 in Bitcoin on 1st January 2011, you would now have made $11,165,667 in profit.
Currencies like Bitcoin are resistant to inflation, real estate bubbles, and stock market crisis.
Bitcoin is attractive because it is the largest currency, anonymous & has no government involvement
Buying Bitcoin gives you an encyrpted code to send to send to someone
Bitcoin Miners verify your transaction and receive a small fraction for auditing
Bitcoin purchases are stored in a crypto currency wallet stored online & verified by miners
There are Bitcoin ATM's to convert your Bitcoin to US Dollars or https://changelly.com/
Of Top Global Bitcoin Exchanges they show different Bitcoin Prices but not exactly the same
There are 1600 Crypto Currency Coins valued at USD $312 Billion ( coinmarketcap.com )
Mining uses specialized software to find & analysis Bitcoin finalized transactions & verify for a commission.
Backup your Bitcoins with an online & Offline"Digital Wallet" offline wallet for added security
There are 25 new bitcoins produced by mining every 10 minutes
Bitcoin Miners can earn USD$7 Million per day by verifying / auditing transactions
There are roughly 16.5 Million Bitcoins in existence valued at USD$66 billion https://goo.gl/iWb1uD
Bitcoin was valued in 2010 at $0.003 and today at over $4000 + or -
Bitcoin in 2040 will only allow 21 Million Bitcoins and could exceed USD$50,000 per coin
Bitcoin can be / is divided into up to 8 decimal places. So the smallest amount of bitcoin one can possess, a 'satoshi' would be 0.00000001 BTC. CoinXca.com
Tracking a Bitcoin Transaction
Creating Smart Contract Technology - Solidity is an object-oriented programming language for writing smart contracts.
Blockchain Developer = https://www.bitdegree.org/tutorials/how-to-become-a-blockchain-developer/
Books Worth Reading
Nov 2017 Combining Bitcoin with Gold
2014 Mastering Bitcoin (Antonopoulos 2014) pdf format
Oct 2017 A Bitcoin Beginner’s Guide to Surviving the Bgold and SegWit2x Forks
Oct 2017 Philakone Bitcointalk description of How to Trade Bitcoin Online = https://goo.gl/pDhThV
https://www.cryptocoinsnews.com/prominent-bitcoin-trader-price-is-heading-towards-100000-in-2018/
Jens Nordvig Poking the Crypto Hornet's Nest Letter
Articles Worth Reading
2019 Forbes - Facebook's Libra: Potential To Increase Demand For Bitcoin
Video's Worth Watching
2019 The Bitcoin Standard | Saifedean Ammous
2018 A Fifth of All Bitcoin Is Missing
2019 To Understand Cryptocurrencies, the Wall Street Journal created WSJCoin
2018 Inside a Washington State Bitcoin mine that earns $70K a day (5 Min)
2016 TED How the blockchain is changing money and business (10K comments)
2016 Smart Contract Demo using Ethereum Demo
2013 How The Economic Machine Works
Bitcoin 101 - Quindecillions & The Amazing Math Of Bitcoin's Private Keys
How Bitcoin Works in 5 Minutes Written & Video
Bitcoin Documentary by Discovery Channel *****
How to store your Ethereum safely offline in a Cold Storage Wallet (7 min)
The US Government Clamps Down on Ability of Americans To Purchase Bitcoin (9 Min)
The Buy - Sell Process Buying a Bitcoin creates an entry in a public blockchain ledger where the transaction is verified by computer "miners" who find, validate & verify that the transfer of one Bitcoin in and one Bitcoin out. The Miner can work alone, in a Mining Pool with other team-mates or with infinite mining hardware and software server farms who work day and night finding transactions. For their efforts, these miners are paid a small transaction percent for each transaction they verify. Process enough transactions and the miner could earn USD $7,000,000.00 per day x 7 days per week x 52 weeks per year and you have USD $2,548,000,000 ($2 Billion, 548 Million) and the reason the server farms are so large. (see Photos Tab)
As Crypto Currencies become more popular, the mining potential increases and new miners are entering the industry daily. Even as the number of transactions increases, the actual value of each Bitcoin rises and miners become richer by number of transactions and the value of each coin. Bitcoin is the largest of 1172 different crypto-currencies https://goo.gl/AmgICC and mining takes place with each currency. Cryptocurrencies are becoming very popular and have a very large market potential.
History of Bitcoin ( https://goo.gl/rFdBgd )
Bitcoin is a cryptocurrency first introduced in 2008, when a Japanese man, ‘Satoshi Nakamoto‘ published a paper called "Bitcoin: a peer to peer electronic cash system". Nakamoto is estimated to have mined 1 million bitcoins himself. On 6 August 2010, Transactions weren't properly verified in the transaction log or blockchain, which let users bypass bitcoin's economic restrictions and create an indefinite number of bitcoins.
Value of One Full Bitcoin
2008 Bitcoin first introduced
Apr 2010 $0.003 valued
Feb 2011 $1.44 parity with US dollar
Dec 2011 $2.00
Dec 2012 $13.00
April 2013 $266 grows by 5-10% daily.
Nov 2013 $350
Dec 2013 $600
Jan 2014 $750
Jan 2017 $800
Mar 2017 $1,290
Jun 2017 $2,000
Aug 2017 $3,800
Sep 2017 $5,000
Nov 2017 $7,475
Dec 2017 $19,178. = https://goo.gl/rFdBgd
Feb 5 2018 $6,200
May 1 2018 $8,900
Dec 28 2018 $ 3,948.
==== 2019 ====
Mar 13 - $3971.
Jun 30 - $10,953.
==== 2021 ====
Jan 08 - $41,912.