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How much is one bitcoin

2016-05-27 00:00:00

The creators of the unique crypto-coins Bitcoin have tried very hard and produced real "digital gold". This comparison is quite justified and has concrete grounds:

  • Like gold deposits, the amount of Bitcoins is limited. They will be mined exactly 21 million and production will be completed by 2140.
  • Everyone knows about the laborious mining process, but few know that it is also not easy to mine Bitcoins. This is a complex process that requires remarkable capacities. In addition, the speed of their production decreases exponentially.
  • The cost of gold is quite high, it has always been "in price" and had a steady demand. The same can be said for the new cryptocurrency. If you look at how much one Bitcoin costs , it becomes clear that its price is by no means low.

It is not for nothing that this digital currency is more often associated with gold than with ordinary money. Because in its properties it is closer to the noble metal. At the same time, it is not devoid of many characteristics inherent in fiat money.

 

Bitcoin price speaks volumes

If you find out how much Bitcoin is worth now, you can make interesting calculations that will reveal the potential inherent in it.

When this currency was still in the project, the developers decided on a limit not exceeding 21 million Bitcoins. On the scale of the global financial sector, this amount seems insufficient and cannot claim to be the world currency. But the creators came up with the idea of splitting it not into 10, as is usually the case with the crushing of the monetary unit (dollars in cents, rubles in kopecks), but much more parts. And this increase turned out to be one hundred million, more precisely: one Bitcoin is divided into one hundred million changeable coins. These "pennies" were named after their probable creator "Satoshi". Now the question of their number has ceased to be a problem, there will be enough coins for all potential users.

The question of how much 1 Bitcoin costs can be easily answered by looking at the Internet: for today (05/15/2016) its rate is $ 456. This is a fairly high figure, but has it always been so? Its history of volatility is not easy, full of ups and downs. Made Bitcoin its first steps with a rate of 1 dollar (2009-2010). But by the end of 2013 it had grown by leaps and bounds, reaching thousands of dollars!

Who has not heard the amazing story of how a reckless pizza buyer "made money", made an ordinary pizza maker a dollar millionaire. Not a very prudent programmer Laszlo Hanich, did not attach due importance to the new cryptocurrency, simply did not appreciate it and did not think about possible prospects. So he took a step, which he later regretted a hundred times when he paid 10,000 Bitcoins for two pizzas. But when in 2013 I learned about the increased rate, I realized that I had lost $ 12 million. 

 

The law prohibits, but Russians are interested

In Russia, the cryptocurrency is called a surrogate and it is prohibited to use it for commercial purposes. And Bitcoins are generally prohibited. Despite this, as you know, the "forbidden fruit is sweet", the citizens of Russia do not lose interest in digital money in general and Bitcoin in particular. Question: how much does Bitcoin cost in rubles is often found in the search engine.

If the Bitcoin exchange rate in dollars is known, and the ratio of the Russian ruble to the US dollar, you can calculate its value against the Russian currency at any time.

As of May 15, 2016, one Bitcoin is equal to 456 dollars, and the US dollar is 64.93 Russian rubles, we make the following calculations:

456.00 x 64.93 = 29608.08 (rubles)

1 Russian ruble costs 0.00003 Bitcoin (1: 29608.08 = 0.00003)

At this hour, the exchanges offer to exchange Bitcoins for rubles:

The average rate of 1 Bitcoin is 29,901.33 rubles. 

Buying Bitcoins for rubles at the rate:

One ruble - 0.0000334 Bitcoin.

Such an operation will help determine how much one Bitcoin is worth in relation to other national currencies.

 

Role of Bitcoin in the Creation of New Digital Currencies?

After the appearance of Bitcoin, similar cryptocurrencies began to grow like mushrooms. After all, this process is not difficult for a professional programmer and cryptologist, moreover, there is a basis that can be applied. The experience of the creators of Bitcoin proved to be an invaluable foundation for its followers.

Litecoin, created by Charlie Lee, was conceived as the equivalent of silver, an analogue of this precious metal, the so-called "digital silver". When Litecoin first entered the financial market (2011), it had a rate of about $ 33. For today (05/15/2016) it has dropped to $ 3. If we compare how much one Bitcoin costs, one cannot fail to notice a huge gap in price. This confirms that Bitcoin continues to lead.

If you analyze the state of other currencies, you can see a similar picture - Bitcoin remains ahead, and at a very long distance.

For example, Primecoin (created by Sunny King in 2013) was initially $ 3.56 per unit. Today, one coin is equal to 0.0002 Bitcoin.

Namecoin (based on DNS servers in 2011) had a price of $ 8. For today, one Neimcoin is 0.0011 Bitcoin.

You can continue to discuss the entire list of newly formed digital currencies, but there are already several hundred of them. Therefore, such an analysis can drag on indefinitely. This also makes no sense because the conclusion will be unambiguous: no digital currency is worth as much as Bitcoin is now or earlier. None of them have yet managed to surpass this unique cryptocurrency in all its qualities.

 

Despite the volatility, Bitcoin remains in demand

A sharp change in the rate can be expected from Bitcoin, but only upward. The level of volatility that took place at the very beginning of its appearance on the financial market will probably not be there. This refers to its decline to a minimum. After all, at the very beginning it cost only a few cents. And then after the first jump to $ 1,000, there was a drop to $ 266. Over the next period, he changed his course, but these were already minor fluctuations.

As much as 1 Bitcoin costs for a given hour, which is $ 456, is the golden mean, on which it has been for a long time. Analysts assume and reasonably explain a possible increase in the rate this year to $ 1000 per Bitcoin. And for 2017, they generally predict a rate of $ 3,000. Then it will be difficult to imagine how much Bitcoin will cost in rubles or in another currency. These will be pretty impressive numbers.

What explains such popularity? Why are experts forecasts being discussed so vigorously now? Where do these assumptions come from and what are they based on? The Bitcoin community is always vigilantly following all the events taking place around this cryptocurrency. It deserves close attention, its stability and high rating in the digital currency market is attracting more and more fans and ardent supporters. So how much will one Bitcoin be worth soon? Believe it or not, that he will reach the thousand dollar mark, and in a year will cross it?

 

Reasons for the rise in popularity of Bitcoin

Recently, there has been a significant increase in those wishing to purchase, earn, collect or win, in a word, to become the owner of this digital currency. Accordingly, the number of potential sellers decreased in percentage terms.

The number of traders interested in this currency as a subject of trades has noticeably increased, as a result of which there is a possibility of making a profit. Considering how much Bitcoin is worth now, and how much it may cost in the near future, it gives confidence that the Forex market favors this currency.

Many developers have become more interested in blockchain technology, and it is widely used to create new projects.

Miners began to have higher profits, in particular, compared to last year.

Nobody denies the prospect of investing in cryptocurrency. There is concrete confirmation of this: today the total capitalization of Bitcoin is more than six billion dollars and is constantly growing.

Russian citizens understand that they are limited in their actions in relation to digital currency, which is taboo in Russia. But they do not stop wondering how much Bitcoin costs in rubles. Indeed, in recent years, the already impressive indicators of cryptocurrency quotes against the ruble have been steadily growing.