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Join us today for an AMA in the English Telegram channel with Ticky Chen, Head of Marketing at Kava!
🗓 April 24, 2024.
⏰ 1:00pm UTC.
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Everyone About Bitcoin (BTC)
Bitcoin is one of the most popular cryptocurrencies in the market. First introduced in 2009 by Satoshi Nakamoto, Bitcoin has held the crypto market’s number one spot according to market capitalization. Bitcoin paved the way for many existing altcoins in the market and marked a pivotal moment for digital payment solutions.

As the world’s first cryptocurrency, Bitcoin has come a long way in terms of its value. However, one does not have to buy an entire bitcoin as bitcoins can be divided into small units called satoshis, named after the creator. A satoshi is equivalent to 0.00000001 bitcoin.

There is no physical BTC token so Bitcoin operates as a digital currency. Bitcoin transactions are fully transparent and can’t be censored, providing a global, censorship-resistant medium for financial exchange. It’s a financial system backed by decentralized network of computers, known as ‘nodes’, instead of centralized banking or governmental entity, thereby promoting ‘decentralization’.

Why Is the Bitcoin Price So Volatile?
The price of Bitcoin has been highly volatile since it started because of several factors. Firstly, the crypto market is smaller and not heavily traded like traditional markets, so big trades can make the price swing substantially. Secondly, Bitcoin's value depends on public sentiment and speculation, leading to short-term price changes. Media coverage, influential opinions, and regulatory developments create uncertainty, affecting demand and supply dynamics and contributing to price fluctuations.

Another key factor is Bitcoin's fixed supply. With only 21 million bitcoins ever to be minted, its scarcity can lead to dramatic price changes as demand varies. This is exacerbated by "whales" or large holders of Bitcoin, whose sizable transactions can sway the market considerably.

When Was Bitcoin Created?
Bitcoin was created in 2009 by an unknown person or group of people using the pseudonym Satoshi Nakamoto. The digital asset is based on a decentralized, peer-to-peer network and blockchain technology, allowing users to securely and anonymously send and receive transactions without intermediaries. Satoshi Nakamoto released the Bitcoin whitepaper in 2008, outlining the design and principles of the cryptocurrency. The first Bitcoin transaction, which involved sending 10 bitcoins to a developer, took place on January 12, 2009. Since then, Bitcoin has gained traction as an alternative store of value and payment system, transforming the financial industry.

Who Created Bitcoin?
The creator of Bitcoin remains an enigma, known only by the pseudonym Satoshi Nakamoto. Bitcoin's innovation emerged in 2008 when Nakamoto released the whitepaper outlining the cryptocurrency's decentralized, peer-to-peer structure, and use of blockchain technology. In 2009, Nakamoto mined the first Bitcoin block, and on January 12th of the same year, the inaugural Bitcoin transaction took place. Despite numerous investigations and speculations, the true identity of Satoshi Nakamoto has not been disclosed.

There have been a number of people who have been proposed as the possible identity of Satoshi Nakamoto, but none of these claims have been definitively proven.

How Does Bitcoin Work?
Bitcoin runs on a decentralized, peer-to-peer network, making it possible for individuals to conduct transactions without intermediaries. Transactions are transparent and secure thanks to the underlying blockchain technology, which stores and verifies recorded transaction data. Miners validate transactions by solving complex mathematical problems with computational power. The first miner to find the solution receives a cryptocurrency reward, thus creating new bitcoins. Upon validation, the data is added to the existing blockchain, and it becomes a permanent record. Bitcoin provides an alternative way to transact that's transparent and secure, redefining traditional finance.

When Is the Next Bitcoin Halving?
The next Bitcoin halving is expected to take place in April 2024. It's difficult to predict the exact date as it depends on the block height. The block height refers to the number of blocks preceding a particular block in a blockchain. Bitcoin halving happens every 210,000 blocks and the next Bitcoin halving is expected to occur in April 2024 when the block height reaches 840,000.

Bitcoin halving occurs approximately every four years, where the rewards given to Bitcoin miners for mining blocks are cut in half. Halving was built into the Bitcoin protocol to maintain its value as a deflationary currency. By reducing the amount of new bitcoins, the protocol aims to prevent the devaluation of Bitcoin over time, which often happens with inflationary currencies.

Will Bitcoin Halving Affect BTC’s Price?
Historically, Bitcoin's price has tended to increase in the months leading up to halving, as investors and traders anticipate a supply shock. After halving, the price may continue to rise if demand remains strong and outstrips the reduced supply. Other factors such as market sentiment, regulatory developments, and global events can also impact the price of Bitcoin. Follow our Bitcoin Halving Countdown to know how Bitcoin halving works.

The live price of Bitcoin (BTC) is updated and available in real time on Binance.

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Hi Everyone any tips for newcomers to the crypto space, BC fam?

Hi everyone what initially sparked your interest in ? 🚀 Everyone

BC fam, what token are you keeping your eye on? Everyone

Your keys, your crypto 🔑
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Everyone
Bitcoin
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$54,576.47

5.63% (1d)

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exchange your virtual funds,

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Get Ready for Tax Season
Navigate Tax Season with TurboTax
Blockchain.com users can use TurboTax to make filing your crypto taxes easier. Automatically import crypto activity to make sure there’s no missing info and your cost basis is up to date.
Start TurboTax
Get your crypto taxes done right
It’s important to understand your obligation (if any) when it comes to
paying taxes on your crypto taxes. We’ve partnered with TurboTax this
year to help you get your crypto taxes done right.
Specialized experts are available year round and can even do your taxes for you, start to finish.
Download your transaction history from the Blockchain.com Tax Center on the web and upload your CSV file to TurboTax today.
There are five main scenarios when you are obliged to pay tax:

Selling your crypto to dollars
EvEveryonerypto to crypto trades
@highlightsing crypto to purchase goods

Receiving crypto from a hard fork or airdrop
@followersarning crypto*
*Blockchain.com Rewards Accounts are not available in the US.
How to download your transaction history

Log in to your Wallet on web
Log in using a web browser, go to Settings (the person icon), and select Tax Center.

Export your Transactions
Under Export your transaction history, choose the appropriate tax year and click Export.

Head to TurboTax and upload
Click Get Started below to sign up for a TurboTax account and upload your transaction history.

Enjoy easy access to your funds while you earn interest. Then, simplify the way you save by setting up automatic transfers and linking your accounts to help meet balance requirements and avoid monthly fees. Everyone

Level up your crypto knowledge with the Blockchain.com Blog 🤝
From Bitcoin basics to cross-chain swaps, we have you covered 👉 https://www.blockchain.com/blog/categories/learning
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Blockchain.com | Buy Bitcoin, Ethereum and more with trust Blockchain.com is the world's most popular way to buy bitcoin, ethereum and more with trust. Securely store, swap, trade and buy the top cryptocurrencies.

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Experience the future of monetization with confidence as we cover a wide array of funds, including:
- International Global Pay
- Global Business Pay
- Instant Wallet Pay
- Nexa Global Pay
- Insta Merchant Pay
- Universal Business Pay
- Swift Business Pay
- Staxeblock USDT
- Global Swift Pay
- Global Swift US
- Freedom Pay
- Units Pay Everyone

Do you have any online wallet or account to get activated of any kind I can show you how to withdraw the funds straight to any wallet you use or exchange of your choice. Get your funds in any wallet out in simple steps. you can message me directly
Activation is done swiftly and all processes are transparent and Secure.

Everyone *AVAILABLE SENDER*
GSP (Global Swift Pay)
GBP (Global Business Pays)

Required receiver CIS & account dashboard screenshot for transaction.
Payback in BTC or USDT.

Your keys 🤝 your crypto

Everyone Note: provide highly varying degrees of safety, security, privacy, and control over your funds and information. Perform your own due diligence and choose a wallet where you will keep your bitcoin before selecting an exchange.

Bitcoin Exchanges
Places to buy bitcoin in exchange for other currencies.
South America
Argentinan flag
Argentina

.com


flag


Bitybank
Brasil Bitcoin

Foxbit
Mercado Bitcoin
NovaDAX
PagCripto
Ripio

Chilean flag

Buda
Currency.com

Colombian flag

Buda
Currency.com

Peruvian flag
Peru
Buda
Currency.com

Venezuelan flag
Venezuela
Cryptobuyer
Currency.com