Let us consider for a moment that Bitcoin has somehow managed to reach a market price of $1 million per bitcoin. This could be a bitcoin maximalist's wet dream, but also too good to be true (don't take my word for it, though). But let us just assume for the moment that it is. Now, considering that Bitcoin can be divided into smaller denominations, up to 8 decimal places with a satoshi (0 ... Highly Divisible – Bitcoin can be divided down to 8 decimal places, the smallest unit of a Bitcoin is called a satoshi: ₿0.00000001. Irreversible– Bitcoin is designed to be irreversible, once a transaction is sent it can‘t be reversed unless the new owner agrees to return the coin to you. Knowing this, it’s extremely important to be ... Bitcoin is a cryptocurrency that can be divided up to 8 decimal places. That means you can easily buy fractions of a Bitcoin, even if you can only afford one cent! Just to get you familiar with the terminology, here are the conversions: 1 mBTC (milli-Bitcoin) = 0.001 Bitcoin or 1/1000 of Bitcoin (a thousandth of a Bitcoin) 1 uBTC (micro-Bitcoin) or 1 bit = 0.0000001 Bitcoin, or 0.001 mBTC (a ... I had 8.9910000 IOTA after using BTC to buy 9, then when transferring IOTA to BNB i could move a max of 8.99, leaving .001 IOTA. THEN, when going from BNB to BTC I had 14.025 but it would only let me trade 14 (not sure if it would allow 1 decimal place or not as in my case the first decimal was a 0). now i have leftovers in both BNB and IOTA. Great. Over the past 3 years, the Bitcoin exchange rate has skyrocketed. In the beginning of January 2011, 1 bitcoin would trade for roughly $0.31 USD. Currently, at the beginning of April 2014, 1 bitcoin will fetch $445 USD. That’s an increase of roughly 143,548% over the course of 3 years. Why would anyone pay thatRead More However, this will never be a limitation because transactions can be denominated in smaller sub-units of a bitcoin, such as bits - there are 1,000,000 bits in 1 bitcoin. Bitcoins can be divided up to 8 decimal places (0.000 000 01) and potentially even smaller units if that is ever required in the future as the average transaction size decreases. Bitcoin can be divided down to eight decimal places, and those tiny fractions of bitcoin are known by some as satoshis (1 satoshi = 0.00000001 BTC). Since bitcoin exists as computer code it is easily divisible. Because it is a digital currency, bitcoin is pretty much like email for money. The same way anyone can create an email address to send ... After setting my precision to 8 and doing calculations with Decimal(), I am getting an answer with a precision of 10. How to always ensure my answer has a precision of 8? getcontext().prec = 8 (De... The exchange wallet might support 8 decimal places of coins, but their trading platform might only support 4 or 5 decimal places. So, you can't trade the remaining three decimal places that is in your wallet. These small amounts of coins that are left over and are difficult to deal with are called "dust". He's just asking for some good way to ... A) Is Bitcoin a currency? Yes. You can buy things with BTC. You can sell things. You can receive your salary in BTC. Each Bitcoin can be divided into 8 decimal places. So if something costs 0.0005 BTC but you only have 1 whole BTC, you can still buy it and get 0.9995 BTC back in change. B) Is Bitcoin like digital gold? Somehow, yes.
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