Bitcoin and BITS

in #bitcoin • 7 years ago

This post purpose is to educate about the terminology.
Remember, you will see this a lot more often from now on, since Bitcoin will stabilize at 10.000$.

You can Buy any amount of Bitcoin(actually exchange USD EUR BTC RON GBP CNY JPY, etc, any other FIAT, anytime you want). Even 0.00000001 Btc. If Bitcoin grows 100% vs. USD lets' say, you also make 100% more in USD.

1.00000000 Bitcoin -> one full bitcoin
0.00000001 Bitcoin -> one Satoshi

There are 1 million bits in 1 bitcoin.
1 bit = 1 microbitcoin = 1 μBTC = 0.000001 bitcoin (BTC)
Bitcoin and bits.jpgIf you got 1.00000000 BTC at 10.000$ that means you got 1million bits.

10% of one Bitcoin is 0.10000000 BTC = this is 100.000 Bits.
1% of one Bitcoin is 0.00100000 BTC = this is 10.000 Bits

Good luck, and BUY any amount of Bitcoin! 💡

#cryptocurrency #blockchain #ethereum #bubble
7 years ago in #bitcoin by
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