Money magazine Comments - A beginner's guide to Bitcoin Bitcoin is - again - the word on everyone's lips. But you can't keep a good speculative bubble down - until it pops, that is. https://www.moneymag.com.au/feed/latest?story=141443060 Wed, 19 Jul 2017 21:12:06 +1000 Wed, 19 Jul 2017 21:12:06 +1000 en-AU Copyright 2026 Money magazine 5 Money magazine Comments - A beginner's guide to Bitcoin https://media.moneymag.com.au/prod/media/library/Money_Mag/Logo/Logo_401x133.png Comment by Markie ()

Forigve the noob question please but is one Bitcoin actually worth over $3000? How is it possible to even afford one? Or how can someone pay for pizza with Bitcoins? I have heard last year or so that you can order a pizza and pay with Bitcoins but isn't that OVERPRICED?
Could you please explain further?

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]]> Markie () Wed, 19 Jul 2017 21:12:06 +1000 Comment by Dan ()

At the time I write this one bitcoin is worth $3525
It is divisible to 8 decimal places 0.00000001 bitcoin, you don't need to trade whole units,
The story a few years ago now, the first ever real world purchase with bitcoin was 1 pizza for 10,000 bitcoin. Today that's an approx $35million Pizza!

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]]> Dan () Sat, 22 Jul 2017 19:13:52 +1000