Kakashi2020 Posted December 6, 2018 Share Posted December 6, 2018 There are 1 million bits to a Bitcoin and with its current price of $3819 per coin divided by 1million then we'll get $0.0038 per bit. Quote Link to comment https://slingbank.com/forums/topic/1853-how-much-is-a-bit-now/ Share on other sites More sharing options...
NerdIndeed Posted December 7, 2018 Share Posted December 7, 2018 On 12/6/2018 at 6:03 PM, Kakashi2020 said: There are 1 million bits to a Bitcoin and with its current price of $3819 per coin divided by 1million then we'll get $0.0038 per bit. I see. I thought its central unit of conversion was Satoshis? Like more people use the term "Satoshi" more than "bits" right? Quote Link to comment https://slingbank.com/forums/topic/1853-how-much-is-a-bit-now/#findComment-3277 Share on other sites More sharing options...
Kakashi2020 Posted December 7, 2018 Author Share Posted December 7, 2018 59 minutes ago, NerdIndeed said: I see. I thought its central unit of conversion was Satoshis? Like more people use the term "Satoshi" more than "bits" right? They call the smallest unit or bit "Satoshis" in acknowledgement to it's supposed founder Satoshi Nakamoto who turns out to be not true. As of today, noone knows who invented the Block Chain Technology. Also it's called BITcoin so it's composed of Bits. Quote Link to comment https://slingbank.com/forums/topic/1853-how-much-is-a-bit-now/#findComment-3283 Share on other sites More sharing options...
NerdIndeed Posted December 8, 2018 Share Posted December 8, 2018 17 hours ago, Kakashi2020 said: They call the smallest unit or bit "Satoshis" in acknowledgement to it's supposed founder Satoshi Nakamoto who turns out to be not true. As of today, noone knows who invented the Block Chain Technology. Also it's called BITcoin so it's composed of Bits. I see, now I know. Thank you very much as I've learned something new again today. All the best my friend! Quote Link to comment https://slingbank.com/forums/topic/1853-how-much-is-a-bit-now/#findComment-3310 Share on other sites More sharing options...
Alania Posted December 8, 2018 Share Posted December 8, 2018 Quite informative information, I stopped maintaing that knowledge anymore. Kinda disappointed I bought Bitcoin before the fall of it (6 months ago). My friend bought a Nanobit Ledger to store his Bitcoins even earlier, when it was by a lot more expensive. Can't imagine how he feels about it now. Quote Link to comment https://slingbank.com/forums/topic/1853-how-much-is-a-bit-now/#findComment-3319 Share on other sites More sharing options...
Martinsx Posted December 9, 2018 Share Posted December 9, 2018 The price isn't stable yet and it's not showing any signs of stabilizing but hopefully in no distant time, it would probably settle down. Quote Link to comment https://slingbank.com/forums/topic/1853-how-much-is-a-bit-now/#findComment-3368 Share on other sites More sharing options...
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