أخر الاخبار

Bitcoin price against world currencies

the flood

The bears could not withstand the flood of bulls, who broke all resistances on their way to new highs, and points of support and resistance are a battleground between bears and bulls. After the team of sellers represented by the bears went down in the price of bitcoin against global currencies to the bottom, the response of the buyers represented by the bulls was violent, As it led to the explosion of the price of bitcoin against global currencies, and the battle between the two teams extended from June 4, 2019, to June 13, 2019, as the movement was horizontal, so that the bulls finally succeeded in breaking the horizontal trend and launching the price, so the price of bitcoin against global currencies was changing at every moment, as the price rose Recently, a new battle between bears and bulls is possible, in which the bears will prevail and the bitcoin price will plummet against global currencies.

Keys and wallets

Bitcoin possession boils down to 2 numbers, a public key and a personal key. Roughly like the public key “user name” and the private key “password,” the public key hash is called an address, which is displayed on the blockchain, using the hash provides an additional degree of security. In order for the investor to receive the bitcoin, it is sufficient for the sender to know his address, and the public key is derived from the private key that the investor needs to send the bitcoin to another address.

To access Bitcoin, an investor needs a wallet, which is a collection of keys and can take various forms from third-party network applications that offer credit and debit cards, to QR codes printed on pieces of paper. The most important difference is between hot wallets. Hot Wallets that are connected to the Internet and are vulnerable to hacking, Cold Wallets that are not connected to the Internet, and most users use exchanges like Coinbase which puts the exchange under the control of private keys.

Bitcoin price against world currencies

Buying Bitcoin is different from buying stocks and bonds because Bitcoin is not a company, and unlike traditional currencies, Bitcoin is not issued by a central bank and does not receive support from the government, so monetary policy, inflation rates and the size of economic growth that usually affect the value of the currency do not apply to Bitcoin, but there are factors that affect the price of Bitcoin against global currencies, including supply and demand, the number of competing companies and the exchanges on which they trade, in addition to the systems controlling its sale and internal governance.
Bitcoin price against world currencies
Bitcoin price against world currencies

During the paragraph, the price of bitcoin will be reviewed against international currencies on August 7, 2019 and some Arab currencies, knowing that the price is subject to change at every moment, and the price will be per 1 bitcoin.
  • US dollar: 11349.00 USD
  • GBP: 9294.4 GBP
  • Euro: 10049.2 EUR
  • Japanese Yen: 1,200,000 JPY
  • Swiss Franc: 11412.0 CHF
  • Canadian dollar: 14706.0 CAD
  • New Zealand dollar: 17092.6 NZD
  • Jordanian Dinar: 8020.9 JOR
  • Kuwaiti dinar: 3429.1 KWD
  • Saudi Riyal: 42,293 SAR
  • Egyptian Pound: 186642 EGP

Bitcoin future

Those interested in the price of bitcoin against global currencies will also be interested in its future, as technology has made the world a smaller place in recent years. Countries, where currency flows are subject to strict government control Bitcoin, offers ways to transfer wealth to regions of the world where restrictions are less stringent, and since Bitcoin transactions are anonymous, cryptocurrencies will continue to attract transactions related to nefarious and illicit activities, and it is clear that Bitcoin is gaining interest and usage around the world.

In 2016, the majority of bitcoin transactions occurred in China, and the violent fluctuations in the value of bitcoin at the beginning of 2017, which took the price to 1129 dollars and fell back below $ 800 on the same day, was most likely from speculation in China, as bitcoin with its Blockchain operating technology A future in global markets, however, is likely that governments around the world will resist global assets that operate beyond the limits of their control and that enable the facilitation of activities that are contrary to their laws, rules or political agenda.
Comments
No comments
Post a Comment



    Reading Mode :
    Font Size
    +
    16
    -
    lines height
    +
    2
    -