Local bitcoin dollar rate, Bitcoin in Various Currencies


The price of an orange is based on two things: how much someone is trying to sell it for and how much another person is prepared to pay for it.

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Or if there is a drought, the supply of oranges will be less, which can also drive the price up. Oranges on the other hand can vary in size and quality.

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Many people might not realise that other currencies work in exactly the same way. So while you might observe it as stable, its value actually changes continuously. If you want to exchange local bitcoin dollar rate rands to dollars, one day you might pay R10 for a dollar, and the next you may pay R11 or R9 for a dollar.

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Bitcoin works exactly the same way. Just think of it as a currency other than the one you are used to. How has the price of Bitcoin changed over time?

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By looking at a Bitcoin price calculatoryou can see what the price of Bitcoin was on the Luno Exchange at any point in the past. This gives you a historical view of the price changes.

A bitcoin exchange is a digital marketplace where traders can buy and sell bitcoins using different fiat currencies or altcoins. A bitcoin currency exchange is an online platform that acts as an intermediary between buyers and sellers of the cryptocurrency. Key Takeaways A bitcoin exchange acts as the intermediary between a seller and a buyer or, to use cryptocurrency language, between a "maker" and a "taker. However, you will often pay a price for this service.

How local bitcoin dollar rate price of Bitcoin has changed over time on the Luno Exchange. There are lots of people making decisions based on the information they receive.

BTC Historical Prices

Investing begins with education, not buying. Want to learn more? Read Luno's Bitcoin education series here.

Watch the video: How the price of Bitcoin is calculated? This article was paid for by Luno.