Growth of Bitcoin


Chrisnoblet3

Uploaded on Dec 13, 2017

Category Business

Bitcoin is cryptocurrency, because it uses cryptography to control the creation and transfer of money. Read more about Bitcoin.

Category Business

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Growth of Bitcoin

Bitcoin GROWTH OF BITCOIN WHAT IS BITCOIN? Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator. It is a Peer- to-Peer Electronic Cash System. In simple words, Bitcoin is an open source software to transfer money over the internet. HISTORY OF BITCOIN 2008 - Bitcoin was invented by an unknown person or group of people under the name Satoshi Nakamoto. 2009 - The Bitcoin released in January . 2010 – Bitcoin is valued for the first time. HISTORY OF BITCOIN 2013 – After the price of one Bitcoin reaches $1,000 for the first time, the price quickly begins to decline. 2017 - Bitcoin reaches $8,000 and continues to grow THE BITCOIN TRANSACTION LIFE CYCLE BITCOIN PRICES OVER THE LAST 3 YEARS $0 $4,500 $9,000 $13,500 $18,000 Nov 2015 Nov 2016 Jan 2017 Aug 2017 Dec 2017 BENEFITS OF BITCOIN Faster Payment Lower Transaction Fees Independent of Governments Elimination of Chargebacks Protection Against Inflation Ownership of Currency Ethereum (ETH) Zcash (ZEC) Dash Ripple (XRP) Monero (XMR) BITCOIN COMPETITORS 1 BITCOIN EQUALS TO WORLD CURRENCY 1 Bitcoin = 17110.24 US Dollar 1 Bitcoin = 21997.62 Canadian Dollar 1 Bitcoin = 1107938.34 Indian Rupee 1 Bitcoin = 22579.88 Australian Dollar 1 Bitcoin = 14548.16 Euro 1 Bitcoin = 133565.14 Hong Kong Dollar 1 Bitcoin = 113756.85 Chinese Yuan THANK YOU!