Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
what is a bit and how do I get the coin?
localbitcoins.com or coinbase.com
Godspeed, things are going to get crazy
a bit (binary digit) is the smallest piece of data on a computer - 8 bits to a byte, 1000 bytes to a kilobyte, 1000 kb to a megabyte etc etc etc
a bitcoin is data used as a currency
a bitcoin is divisible by 100 million
0.00000001 of a bitcoin is commonly called a satoshi
currently 12 US cents would by you 10000 satoshi's or 0.00010000 of a bitcoin
hope my math is right and this helps you, apologies if you already new this
but I went to this website and it says im downloading 10000 bits a second and if thats true where are those 10000 bits of satoshis going to? how do i check my wallet to see how much i have?