Bitcoin 101: The Ultimate Starter Guide For Traders
What is Bitcoin?
The world’s first and most popular cryptocurrency, Bitcoin, was developed as a result of the 2008 financial crisis. Created by the enigmatic Satoshi Nakamoto, Bitcoin is more than just a digital money. Users can transfer funds with this peer-to-peer and decentralized digital asset without depending on a bank or other central authority.
Bitcoin isn’t governed by any government, compared to fiat currencies like the USD or EUR. Rather, it functions on a public blockchain, which is a distributed ledger in which each transaction is transparently and irrevocably recorded. Bitcoin is frequently the entry point into the world of digital assets, regardless of your level of experience as a trader or your level of interest in cryptocurrency. Considering the challenges associated with digital assets, Ourbit is the best place to begin trading Bitcoin. It is a SuperCEX trading platform designed for degens by degens.
How Does Bitcoin Work?
Blockchain technology powers Bitcoin. Think of blockchain as a massive and publicly accessible spreadsheet that keeps track of every Bitcoin transaction ever made. Because these documents are kept in blocks and connected chronologically, they are referred to as a blockchain.
Transactions are processed by users. A global network of computers, or nodes, receives the broadcast of the transaction. These nodes use consensus (proof-of-work) techniques to validate the transaction. The transaction is permanently saved on the blockchain when it has been validated and included in a block.
Bitcoin was developed to address two major issues: belief in central authorities (particularly following the financial crisis of 2008) and the need for a currency that is not restricted by borders. Bitcoin is inflation-resistant, programmable, and divisible (you can even possess 0.00001 BTC).
It depends on miners, people or groups that employ powerful computers to solve complex mathematical puzzles, to protect the network and validate transactions. They are rewarded with Bitcoin for their work. Ourbit makes it simple to engage with this potent system. Users can begin purchasing or trading Bitcoin without a technical degree, thanks to its incredibly quick trade execution, extensive liquidity, and user-friendly interface.
Why Does the Bitcoin Price Go Up or Down?
The price of bitcoin fluctuates. It varies according to supply and demand, just like any other asset. However, these swings are often influenced by several important factors like:
- Scarcity: The total number of Bitcoin coins is limited to 21 million. The price usually goes up as more people want it and there are fewer coins left.
- Market Sentiment: News headlines, regulatory updates, and tweets from prominent figures (like Elon Musk) can all lead to wildly fluctuating prices.
- Adoption & Usage: Bitcoin’s value increases as more businesses and organizations embrace it.
- Investor Behavior: Fear, speculation, and FOMO (fear of missing out) can all lead to volatility.
You can remain ahead of the curve in this evolving market by using Ourbit’s innovative charting tools, setting strategic alerts, and monitoring real-time Bitcoin market trends.
Key Moments from Bitcoin Price History
The rise of Bitcoin from anonymity to widespread adoption is nothing short of immense growth and public interest.
- 2009-2012: Bitcoin was worth only pennies. In 2010, Laszlo Hanyecz paid 10,000 Bitcoin (now worth hundreds of millions of dollars) to order two pizzas for his daughter.
- 2013: For the first time, Bitcoin surpassed the $1,000 mark. This is where the media and experts began to take notice.
- 2017: Driven by retail frenzy, it reached $19,000.
- 2018: Collapsed to less than $3,000. Bitcoin was dead, according to critics.
- 2020-2021: A new bull run was propelled by institutional interest. Bitcoin reached around $69,000.
- 2022-2023: The bear market started as a result of industry scandals and macroeconomic uncertainties.
- 2024-2025: The period of recovery starts. As adoption increases and regulation develops, Bitcoin gradually acquires strength again.
As Ourbit allows customers to trade both spot and futures markets, you can profit either way regardless of whether you think Bitcoin will reach $100K or $10K.
Bitcoin Price Prediction
Like predicting the weather, predicting the price of Bitcoin is difficult but not impossible. Although no one can foresee the future with absolute accuracy, the outlook is still positive given past tendencies. The following are the top forecasts for 2025 and beyond:
A conservative estimate based on previous halving cycles is $100,000. If institutional adoption keeps up its pace, Bitcoin will reach $250,000. However, if it manages to turn into a worldwide store of value on par with gold, it might touch $500,000. Even these figures may seem unrealistic; fractional ownership allows you to invest any amount, even as little as $10, using platforms like Ourbit.
How to Buy Bitcoin?
Purchasing and trading Bitcoin isn’t difficult when you have Ourbit.
Step 1: Create an account on Ourbit.
Access Ourbit website or get the app from the App Store directly. In just a few seconds, create your account.
Step 2: Finish KYC
Just upload your identity to prove it. Our procedure is efficient and complies with international standards.
Step 3: Make a deposit.
Fund your account with fiat money or cryptocurrency. Several payment options are accepted by Ourbit.
Step 4: Purchase Bitcoin
Click “Buy BTC” after selecting your trading pair BTC/USDT and entering the desired amount in the spot trading.
Step 5: Trade or Hold
You can actively trade your Bitcoin using futures contracts with up to 200x leverage or hold it in Ourbit’s private wallet. Additionally, you can set order limits and stop losses to trade strategically.
Many Reasons Why Traders Prefer Ourbit
Ourbit has been a premium choice for crypto traders for the following reasons:
- Excellent liquidity for Bitcoin and meme coins.
- No. 1 prophetic listings, allowing you to find treasures before they’re seen by others.
- Supported by Lil Pump and Iggy Azalea.
- Developed by former founding members of the most prestigious crypto exchanges.
- World-class security (proof of reserves and cold storage).
- From Bitcoin to the most bizarre meme coins, there is only one app to trade everything.
- Ourbit’s SuperCEX model offers zero spot fees and ultra-low futures fees, so you may maximize gains without getting rough, regardless of whether you’re a full-time trader, scalper, or holder.
A few encouraging indicators for the future:
- Usually, bull runs are preceded by the Bitcoin halving (decrease in block rewards).
- Institutional investment and ETFs keep coming in.
- Investors are gravitating toward decentralized assets because of global economic instability.
- With 0% spot trading fees and futures fees as low as 0.01%, you can place limit orders, stop-losses, and take-profits at Ourbit based on your market expectations.
FAQs
How many people own 1 Bitcoin?
The most recent blockchain data tells us that fewer than 1 million addresses hold at least 1 Bitcoin. Analysts estimate that approximately 800,000 to 950,000 unique individuals hold a whole coin or even more.
Is Bitcoin a gold investment?
Bitcoin has performed way better than the majority of conventional assets. Despite its volatility, many people see it as a long-term hedge against inflation and unstable economies.
Can I turn Bitcoin into cash?
Yes, you can exchange Bitcoin for stablecoins like USDT or withdraw to fiat through integrated partners on Ourbit.
Final Thoughts
Bitcoin is an innovation in value store and transfer, not just a digital currency. Bitcoin is here to stay and benefit those who believe in its real value and stability. Ourbit is a highly sophisticated platform to buy, sell, or trade Bitcoin. It’s never too late to get started. Download Ourbit today and start trading like a pro with the power, speed, and tools to chase your crypto dreams.
Disclaimer: The information provided herein is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are risky; conduct your own research before investing.
