Frequently asked questions
The value of bitcoin has fluctuated ever since it first appeared. When the cryptocurrency initially emerged in July 2010, bitcoin began trading at a value of $0.0008. By 2021, bitcoin's price climbed to more than than $50,000.
Bitcoin's value increases as it is increasingly accepted by traders, users and companies. The more people use bitcoin the more useful and valuable it is. Additionally, bitcoin is increasingly seen as a save store of value, because its supply is capped at 21 million bitcoins and because it's not controlled by a single entity like a central bank.
There are currently a little less than 19 million bitcoins in circulation. The maximum amount of Bitcoin in circulation is limited to 21 million bitcoins.
Bitcoins are divisible. The smallest unit of a bitcoin is called satoshi. Each bitcoin can be divided into 100,000,000 satoshi.
The fluctuations in the bitcoin price are completely normal and nothing bad either. The exchange rate is influenced by the number of current buyers and sellers.
Investors can ge bitcoin through mining or purchases on an exchange. The latter one thereby is the much easier solution. Cryptoradar helps you find the best places where you can buy bitcoin.
Bitcoin is the first decentralized digital currency and the leading cryptocurrency worldwide. Bitcoin serves as a store of value and is therefore often referred to as digital gold. Read our guide on Bitcoin to learn more about this cryptocurrency.
Bitcoin is sometimes abbreviated with its ticker BTC. A few exchanges may also refer to bitcoin as XBT.
The bitcoin price is a market price made up of supply and demand. If more people want to buy bitcoin than sell it, the price will rise. Supply and demand depend on a large number of factors, from technological developments to the monetary policy of the central banks.
Getting started with crypto can be hard. Our detailed price comparisons and cryptocurrency guides have you covered.