Bitcoin Price AUD

 Bitcoin Price and Australian Dollar Correlation
Stuart Butler | 2019

What do we mean when we say Bitcoin Price AUD…

Many people search Bitcoin Price AUD as the quickest way to find the price of Bitcoin in Australian dollars.  Why? you ask…  Because day in and day out, more Aussies are jumping on the Bitcoin train.  They are searching for the term Bitcoin more than ever before.  They are also constantly checking the price of Bitcoin and its relation to the Australian Dollar.  At the time of writing this article Bitcoins price against the AUD is $12278.59 per single Bitcoin.  In December 2017 it hit roughly $25,000 Aussie Dollars per 1 BTC.

This is the line graph of Bitcoins price to Australian dollar including volume bar graph
Bitcoin Price AUD

Where to purchase Bitcoin for Australian Dollar right now?

If you are just ready to go now, cut to the chase and purchase Bitcoin now, simply go here!

www.easycrypto.com.au

 

 

What influences Bitcoin’s price to AUD?

    1. Adoption
    2. Simplicity
    3. Supply and Demand
    4. Brand Power
    5. Battle Hardened
    6. Attention

 

Adoption:

The more people that use Bitcoin the more it’s price increases.  This includes businesses and investors; both individual and institutional.  It also includes traditional Financial services, for example, ETF’s, etc.

 

Simplicity:

As Bitcoin becomes simpler to use with more streamlined software and hardware options becoming available the price of Bitcoin inevitably rises accordingly.

 

Supply and Demand:

Bitcoin, as we know, has a total supply of 21 million coins.  We also know at the time of writing this article 17,911,125 BTC has been mined already.  That leaves 3,088,875.0 bitcoins left to be mined.  Also, we must take into account the ‘lost’ Bitcoins which is estimated to be around 3 to 4 million coins.  So yes scarcity is definitely a factor when considering price action.  (Source – https://www.buybitcoinworldwide.com/how-many-bitcoins-are-there/)

 

Brand Power:

Bitcoin’s brand power is by far the best of all cryptocurrencies.  This gives it power, prestige, and value.  It is and always will be the first cryptocurrency.  It is also the current reigning champ when it comes to market share.

 

Battle Hardened:

Bitcoin has stood the test of time.  At the time of writing this article, Bitcoin has died (according to the media and the naysayers) approx 375 times.  Needless to say, it keeps pushing on and breaking rules and boundaries along the way giving room for financial growth at every turn.  (Source – https://99bitcoins.com/bitcoin-obituaries/)

 

Attention:

Every time Bitcoin’s price surges so does its media attention.  Conversations at the watercooler at work now become quite often about Bitcoin instead of the normal ‘What have you got for lunch’ type of jazz.  When Bitcoin starts to rise in price and volume, so does its attention, which feeds the beast and really gets the price inflating rapidly, as people scramble for their share of the pie.

Where can go to learn how to purchase Bitcoin with AUD?

Below is a link which will take you step by step through the process of buying Bitcoin with AUD.

https://learn.easycrypto.com.au/buy-bitcoin-in-australia/

Where can I go to sell Bitcoin for AUD?

Follow the link below for step by step instructions on how to sell your Bitcoin and get AUD deposited into your account at optimal rates.

https://learn.easycrypto.com.au/sell-bitcoin-australia/

Where can I go to purchase Ethereum or any other Alt coin with Australian Dollars?

Follow the link below for a step by step guide on how to purchase Ethereum or other Alt coins with your Aussie Dollars.

https://learn.easycrypto.com.au/buy-ethereum-in-australia/

Where can I learn about different Bitcoin wallets used in Australia?

The following link will give you all the information you need to make an informative choice on Australian used Cryptocurrency wallets.

https://learn.easycrypto.com.au/best-bitcoin-wallet-australia/

Who buys Bitcoin in Australia with AUD?

The following link demonstrates you are not alone in your persuit of Bitcoin in Australia.  The link below shows statistics about Aussies buying up Bitcoin in a big way!

https://learn.easycrypto.com.au/who-buys-bitcoin-in-australia/

Bitcoin – Frequently Asked Questions (FAQ)

Q. In a nutshell, what is Bitcoin and blockchain?
A. Bitcoin is a decentralised form of cryptographically secured non-editable digital currency based on a digital trustless blockchain ledger.  It has no borders which means it can be sent digitally globally within minutes.

Q. What is the difference between Bitcoin and other Cryptocurrencies?
A. Simple.  Bitcoin is the first and by far the largest decentralised digital network.  The difference is Bitcoin is easily the most trusted and battle hardened Cryptocurrency with a massive worldwide network of users.  At the time of writing this article Bitcoin has a 66.9% dominance of the market share.

Q. What is AUD/BTC pair
A. AUD/BTC pair is basically the Australian dollar tied to BTC (Bitcoin)’s price.  So at the time of writing this article AUD/BTC pair is $12284.60 to 1 BTC.

Q. Where was Bitcoin developed?
A. See https://easycrypto.guide/bitcoins-early-days/

Q. What year was Bitcoin created?
A. The bitcoin network started mining the first block named ‘the genesis block’ on the 3rd of January 2009 which was block number 0.