Questions tagged [bitcoin]

Michele Tue Aug 06 2024 | 5 answers 1102

Can you clarify for me whether Bitcoin is recognized as a legitimate form of payment, or legal tender, in the country of Canada? I'm interested in knowing if merchants and businesses are legally obligated to accept Bitcoin as a means of exchange for goods and services in Canada, or if it's solely up to the discretion of the individual businesses whether or not to accept it. Additionally, are there any specific regulations or guidelines in place in Canada regarding the use of Bitcoin and other cryptocurrencies?

MysticStorm Tue Aug 06 2024 | 6 answers 1418

I understand that hardware wallets are considered to be one of the most secure ways to store bitcoin, but I'm still concerned about the possibility of theft. Is it possible for a Bitcoin hardware wallet to be stolen? If so, how does one protect themselves from this type of theft? Are there any specific precautions or safety measures that one should take when using a hardware wallet?

mia_anderson_painter Tue Aug 06 2024 | 6 answers 1176

Good question! To determine if the price of Bitcoin is higher, you typically look at various sources of information, such as cryptocurrency exchanges, price charts, and news outlets. These sources provide real-time and historical data on Bitcoin's price, allowing you to compare it with previous values and assess whether it's risen or fallen. Additionally, you can use technical analysis tools to identify patterns and trends that may suggest a higher price in the future. Ultimately, the answer to your question depends on the information you have access to and how you interpret it.

Nicola Tue Aug 06 2024 | 7 answers 1349

Could it really be possible for Bitcoin to surge by an astonishing 5453% by the year 2030? It's an eye-popping figure that begs the question of what factors would drive such a meteoric rise. Could it be the increasing adoption of digital currencies by mainstream institutions and governments? Or perhaps the scarcity of Bitcoin itself, with a finite supply that will never exceed 21 million coins, driving up demand? Either way, it's a fascinating scenario to consider, and one that has many investors and analysts buzzing with excitement. But is it really feasible? And what risks would such a surge bring? Let's delve deeper into the possibilities and implications of a 5453% rise in Bitcoin by 2030.

TaekwondoPower Tue Aug 06 2024 | 5 answers 1030

Could you please clarify the cost of Bitcoin in the year 2012 for me? I'm curious about its historical value and how much it was trading for at that time. It would be greatly appreciated if you could provide me with a detailed response, outlining any significant fluctuations or events that may have influenced its price during that period.