Trading Concepts

Bitcoin Factsheet

Bitcoin

Bitcoin is the world’s first and most widely traded digital cryptocurrency, and is not connected to or controlled by any government or central bank. Originally established in 2009, Bitcoin is a digitally-encrypted, decentralized currency that is most commonly traded against the US dollar as the currency pair, BTC/USD.

TRADING MECHANICS

Quote Convention: BTC
Means: 1 BTC = 17,000 USD as of December 2017 according to Coindesk.com
Fun Fact: Bitcoin was originally established by a mysterious person or group of people using the pseudonym, Satoshi Nakamoto. Despite much speculation by the general public, Nakamoto’s identity is still largely unknown.

BTC/USD 2-YEAR CHART

Bitcoin vs US Dollar
Source: TradingView

GENERAL FACTS AND STATISTICS

Date of Inception: January 3, 2009
Administration: None, Transactions Recorded in Blockchain Public Ledger
Maximum Bitcoin Supply: 21 Million
% Mined to Date: ~80% *
All-Time BTC/USD High: $17,382 (December 2017)
All-Time BTC/USD Low: $0.06 (July 2010)

*As of December 2017

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