Assets, Bitcoin

What Is Bitcoin All Time High?

As of late 2017, the all-time high for Bitcoin was $19,783.06. This record was set on December 17th, 2017. Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries.

Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin is unique in that there are a finite number of them: 21 million.

Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment. Bitcoin can also be held as an investment.

According to research produced by Cambridge University in 2017, there are between 2.9 million and 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin.

NOTE: WARNING: Investing in Bitcoin is considered high-risk, and its all-time high price can be extremely volatile. As there is no governmental or financial institution backing the currency, it is important to be aware of the potential risks involved with investing in Bitcoin. You should always conduct your own research before investing any money and should never invest more than you can afford to lose.

Between 1 in every 10,000 and 1 in every 100,000 transactions on the Bitcoin network are flagged as potentially suspicious. In comparison, PayPal handles 82.6% of all online payment transactions globally; with an average of 193 transactions per second and over 240 million active account holders, it processed 7.6 trillion dollars in 2016 alone! Out of those 7.

6 trillion dollars worth of transactions, only $40 million were fraudulent – that’s just 0.0005%! And while it’s true that PayPal does have some fraud protection measures in place, they’re nothing compared to what the Bitcoin network offers.

The all-time high for Bitcoin was $19,783.06; this record was set on December 17th, 2017

Bitcoin is a decentralized digital currency which means it’s not subject to government regulations like traditional currencies are. This can make it volatile at times but also very attractive to investors looking to get in on the ground floor of what could become a very profitable investment indeed!.

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