Stock ticker for bitcoin to usd

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Read any article written about bitcoin in the mainstream press and odds are, at some point it touches on the incredible volatility of bitcoin's price. Indeed, one of the largest barriers to the widespread adoption of bitcoin as a viable global currency is its volatility.

However, many commentators incorrectly conflate bitcoin's current volatility with some structural, underlying flaw in bitcoin itself. Like any other currency or stock, bond or commoditybitcoin is subject to market forces and consequently, continuous fluctuations in price. What complicates matters is that at any given time there are potentially hundreds of factors that contribute to bitcoin's exchange rate, not least of which being erratic human behavior.

This makes it incredibly challenging to come to a unified understanding of what bitcoin's price should be today, tomorrow or a year into the future. The goal of this overview stock ticker for bitcoin to usd not to offer any analysis of the drivers of bitcoin's current or historic price, nor is it to provide any specific guidance for bitcoin's price going forward.

Instead it will lay out our perspective on bitcoin's adoption trajectory, and provide some hopefully useful analogs for how to think about bitcoin's price volatility in the context of other global currencies.

Over the last 45 years, most countries have generally adopted "floating exchange rates" for their currencies, a system in which a currency's value is allowed to fluctuate with supply and demand. I'm sure you often hear about "a weak Yen" or "a strong Dollar"; this is describing the ever-changing value, and exchange rates of different national currencies.

Take the very real-world example of the Euro. Similarly, exchange rates for the top five global currencies US Dollar, Euro, British Pound, Japanese Yen and Swiss Francall fluctuate, sometimes significantly, over the course of week or month. In fairness, the above comparison is not intended to downplay bitcoin's roller coaster performance over the past several years.

Bitcoin's appreciation from effectively zero into USD 1, in Novemberand then back down to USD in January stock ticker for bitcoin to usd certainly a wild ride. It was not, however, completely unexpected, and should not be viewed with any more skepticism than you might give an entirely new currency in its first few formative years.

Like any other currency, bitcoin's price is driven by monetary supply and demand. Individuals are willing to pay a particular price to exchange an amount of their home currency whether it be US Dollars or or Ukrainian Hryvnia for an amount of bitcoin based on how much value they see in it demand and how many units are in circulation supply.

With respect to supply, the number of bitcoins currently in circulation as well as the total number of bitcoins that will ever be in circulation are both known quantities. Bitcoin monetary supply expands at a predictable rate, and will cap at 21, bitcoins at or near the year Both attributes are entirely by design, and make understanding the supply side of bitcoin relatively straightforward.

What is far more complex, and infinitely stock ticker for bitcoin to usd important to driving bitcoin's long-term pricing stability is stock ticker for bitcoin to usd demand.

For a currency to be valuable there needs to be significant and stable demand for making purchases denominated in that currency. Take the US Dollar: When a tourist wants to buy a hamburger, they need to exchange their home currency for US Dollars. When a business wants to build a new factory it needs to buy equipment and pay new workers in US Dollars. The more demand there is for US Dollars, all else equal, the higher the exchange rate will be. In comparison, bitcoin currently faces relatively low and uncertain demand.

Today, of the millions of people holding bitcoins worldwide, only a small fraction are doing so as a means to purchase goods and services. The vast remainder are holding bitcoins purely as a speculative investment with little intention of ever spending.

Thus, the current, volatile price of bitcoin, whatever it may be, is less a representation of the overall stock ticker for bitcoin to usd of the bitcoin ecosystem and more a symptom of isolated trading activity. What will eventually bring significant appreciation and stability to bitcoin will have to be increased adoption of bitcoin by consumers and merchants and growing forward optimism around bitcoin's utility as a secure store of value.

As such, stock ticker for bitcoin to usd easier it is for someone to pay for a meal at a restaurant or send money to a friend in bitcoin, the more demand for bitcoin will increase.

We are beginning to see signs of such adoption, but may still have a ways to go in reaching a point where bitcoin can sustain a relatively high, stable price over the long-term. Please enable javascriptor you may need to upgrade your browser.

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There are currently 17,, Bitcoins in circulation, and , Bitcoin users unique addresses. Since Bitcoin's inception in , there have been a total of ,, Bitcoin transactions. All Bitcoin datasets include daily historical data that you can download, graph, embed or access via our free Bitcoin API.

Just click on any Bitcoin statistic or graph to see the entire data history as a time series. End of day price quotes are usually updated daily at 6: Quandl provides weighted average end-of-day price quotes and volumes for Bitcoin versus many other currencies:.

Quandl provides several measures of the size and value of the Bitcoin market, including the total number of Bitcoins in circulation, the market capitalization of Bitcoin, and the number of unique Bitcoin addresses in use. This section covers Bitcoin transaction activity data: This section covers Bitcoin transaction fees: Quandl provides basic statistics on the economics of Bitcoin mining: All of Quandl's Bitcoin price data and market statistics including full historical data is available for free via our unlimited, unrestricted Bitcoin API.

If you prefer, you can download Quandl's Bitcoin data using our free apps for Python, R, Matlab and more. You can also download Bitcoin data directly from within Excel using our free Excel add-in. Bitcoin is a digital currency based on an open-source peer-to-peer software protocol that is independent of any central authority.

Bitcoin issuance and transactions are carried out collectively by the Bitcoin network. Bitcoin relies on cryptography to secure and validate transactions, and is thus often referred to as a "cryptocurrency". Bitcoins can be "mined" by users, and also transferred from user to user, directly via computer or smartphone without the need for any intermediary financial institution.

Bitcoin transactions are pseudonymous and decentralized. Proponents of Bitcoin argue that it is not susceptible to devaluation by inflation or seigniorage in the way other modern "fiat" currencies are. Nor is it associated with an arbitrary store of value such as gold, unlike hard-money or representative currencies. The Bitcoin protocol was first described by Satoshi Nakamoto a pseudonym in Each bitcoin is divided into million smaller units called satoshis.

MtGox was the largest Bitcoin exchange in the world, until February when the site shut down and trading was suspended. It was subsequently announced on Bitcoin news that over , Bitcoins had been stolen from customers of this exchange. Quandl provides historical data for MtGox.

Note that this data stopped updating on 25 Feb Quandl has daily prices for over crypto-currencies from Cryptocoin Charts. You can view all Quandl's cryptocurrency time series on our Cryptocoin Charts source page. Dogecoin data, from Dogecoin Average, is available from our Dogecoin Average source. If you have any questions about this data, or would like to add more datasets to Quandl, please email us.

For professionals, investors and institutions, we recommend the BraveNewCoin premium bitcoin databases. These specialist databases include comprehensive, accurate, quality-audited, well-documented and reliable long-term price histories for the vast majority of cryptocurrencies. JSON , CSV Bitcoin Market Size Quandl provides several measures of the size and value of the Bitcoin market, including the total number of Bitcoins in circulation, the market capitalization of Bitcoin, and the number of unique Bitcoin addresses in use.

More About Bitcoin Currency Bitcoin is a digital currency based on an open-source peer-to-peer software protocol that is independent of any central authority. Bitcoin Data from MtGox MtGox was the largest Bitcoin exchange in the world, until February when the site shut down and trading was suspended.