Quote:
Originally Posted by pont3
I remember when it plateaued at 40some k then fell to 17k and has since rebounded to 47k. So does that 47k represent the value of ONE bitcoin?
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47k was the value of 1 coin. They can be divided limitlessly.
So if you own one whole bitcoin you could trade it for 47,000 dollars. Or tomorrow if a majority of people lose confidence in imaginary money it could be worth nothing.