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14 votes

Why does my bitcoin "to US dollar" worth change when the stock market is closed?

To my knowledge, bitcoin is not traded on any stock markets. It is traded directly on exchanges specialized in cryptocurrencies. These exchanges don't necessarily close, and therefore trades are ...
Jestin's user avatar
  • 8,812
11 votes

Why does my bitcoin "to US dollar" worth change when the stock market is closed?

Bitcoin is not a stock. It's a decentralized currency and its markets are open 24/7.
Murch's user avatar
  • 76k
3 votes
Accepted

How Do I Calculate the profit of the value of my bitcoin?

The simplest way to calculate would be: averagecost = ((BTC[t0] x USD[t0]) + (BTC[t1] x USD[t1]) + (so on))/total_BTC where t0,t1 and so on are different time when you bought. The above gives you ...
remedcu's user avatar
  • 1,093
2 votes
Accepted

Why would people buy bitcoin these days if its too expensive?

What you are probably missing is the fact that you can buy partial bitcoins, you don't have to purchase a whole bitcoin at once. You could buy a small bit of bitcoin for $20 if you wanted, it can be ...
meshcollider's user avatar
  • 11.9k
2 votes

How Do I Calculate the profit of the value of my bitcoin?

First of all, let a number of bitcoins be bought and (x1) is how much you paid for it. Now the price of 1 bitcoin changes Then you use the formula: x2= (New value of 1 bitcoin)*(Number of bitcoins ...
Anonymous's user avatar
2 votes

Why is Bitcoin gaining value while so many other cryptocurrencies are not?

There is this classic bootstrapping problem. To make a successful cryptocurrency it needs: Miners (so that it's secure) Users (to attract miners, users also want it to be secure) Value (to attract ...
smatthewenglish's user avatar
2 votes

starting price of bitcoin

Who decided the first price of bitcoin The first time Bitcoin was assigned a public value was 22 May 2010 "when Laszlo Hanyecz paid 10,000 BTC to have two Papa Johns pizzas delivered to him. The ...
RedGrittyBrick's user avatar
1 vote

Localbitcoins history btc_in_usd rate?

It's possible to get your price equation via their API: https://localbitcoins.com/api-docs/#ads As well as the price at which each of the trades are locked in at: https://localbitcoins.com/api-docs/#...
ieatpizza's user avatar
  • 2,068
1 vote
Accepted

Would it be possible for a cryptocurrency to have a price before its first block?

It's actually pretty common for new cryptocurrencies to have a "pre-mine" meaning that some part of the future coin issuance is assigned to public keys in advance. Investors pay the ...
pinhead's user avatar
  • 5,164
1 vote
Accepted

who controls the price of BTC?

who controls the price of BTC? No single person. Like any market, the price is determined by the individual buyers and sellers. Since most buyers and sellers are human, the price they are willing ...
RedGrittyBrick's user avatar
1 vote

Bitcoin, Ethereum and Litecoin value graph look very similar

The prices of basically all altcoins follows that of Bitcoin's. So generally when Bitcoin goes up, so do altcoins', when it drops, so do altcoins'. This is generally because altcoins are primarily ...
Ava Chow's user avatar
  • 71k
1 vote

How do I get bitcoin price without any external source?

The year is now 2023, and there has been a proliferation of cryptocurrencies. You still need to ask a crypto exchange. You still can't see the dollar transactions whenever someone trades a bitcoin, on ...
Quitting Due To Antisemitism's user avatar

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