Bitcoin dominance: The world’s top cryptocurrency at your fingertips

What is Bitcoin?

How does Bitcoin work?

Basic principles of Proof of work. Adapted from Ledger

Bitcoin halving and block rewards

When was Bitcoin created?

Who created Bitcoin?

How many bitcoins are there?

Dynamics of Bitcoin supply as of November 17, 2022. Source: YCharts

Advantages of Bitcoin

Accessibility

Quick and cheap transactions

Secure transactions

Transparency

Concerns related to Bitcoin

  • As the market sees bullish and bearish phases, Bitcoin’s volatility can temporarily work against hodlers.
  • There is no guarantee of a minimum valuation as BTC is not pegged to any real-world asset.
  • Given that crypto transactions are irreversible, users should be cautious. If they happen to send BTC to the wrong address or get scammed, it is impossible to freeze or reverse those transactions.
  • Users must safeguard their private keys to maintain access to their Bitcoin wallets.
  • Mining is extremely energy-intensive and, therefore, unsustainable.

Where to buy Bitcoin

Where to store Bitcoin?

How much is Bitcoin worth?

Bitcoin price chart. Source: CoinGecko
  • The first milestone for the Bitcoin price was its parity with the US dollar achieved in February 2011. Since then, BTC has seen meteoric, albeit non-linear, growth.
  • In late 2017, BTC started a spectacular surge that created the first Bitcoin billionaires. On November 17, 2017, one BTC was worth around $8,000, and an all-time high of $19,850 came in December. Three years before that, BTC had cost merely $410.20.
  • In 2018, as the first bull market fizzled out, BTC plunged into a nearly 18-month-long “crypto winter.” This bear phase stemmed from multiple factors inherent to the industry, such as a high failure ratio of crypto ICOs, overleveraged investor profiles, and uncertainty about impending regulations.
  • In December 2020, the Bitcoin value returned to the previous all-time high of $19,850 seen in 2017.
  • After rising above the $20,000 level, BTC gained enough momentum to set a new record — $69,045 on November 10, 2021.
  • In May 2022, BTC fell on the news of Terra’s collapse. On June 23, 2022, its price descended below $20,000.

Why is Bitcoin going down?

What market analysts consider?

Global interest dynamics for why is Bitcoin crashing since 2004. Source: Google Trends

How to use in Bitcoin on CoinLoan

BTC loans

BTC, WBTC, and BCH deposits

  • 5.2% standard APY
  • Up to 7.2% APY with CLT Staking

BTC on CoinLoan Exchange

Is Bitcoin a good choice?

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CoinLoan is a Crypto Lending Platform

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