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Bitcoin (Crypto) Flashcards | StudBud
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Bitcoin (Crypto)
Bitcoin (Crypto)
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StudBud Administration
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A quiz to help with learning about the basics of #bitcoin and the related #economics
Flashcards
14 cards
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Practice quiz
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Host live
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Questions
14
Answers
1
Approximate the circulating supply of bitcoin in the world economy?
An unlimited supply
17 million
21 million
17
2
What is the market cap of bitcoin?
$500 million
$647.2 Billion
$975 Million
$807 Billion
3
How can you store bitcoin?
Using dedicated software or hardware
In a bank
In your pocket
In a paper wallet
4
Is buying bitcoin an investment?
Yes
No
5
What is Bitcoin?
A coin used for vending machines
A traditional currency
It is a made-up concept
A cryptocurrency
6
What is the history of all bitcoin transactions (within a certain range) called?
Block
Record Chain
Cryptochain
Blockchain
7
What is the approximate current value of 1 bitcoin?
$50567
$35674
Nothing so give 1 bitcoin to Remy!
$46619
8
How Much did Tesla invest in bitcoin?
1.5 Billion
798 Million
They didn't, they invested in Doge!
They didn't after the severe criticism
9
Why does bitcoin have value?
It is usable to purchase things
There is a limited supply
The paper it is printed on has intrinsic value
People believe it to have value
10
What are the risks of bitcoin?
There are none
Chances for steep value decline
Hacking
Losing it
11
Did Bitcoin became more valuable than ruble?
True
False
12
How is bitcoin discovered/acquired?
Buying it using traditional currencies
Mining it yourself
Paying someone else to mine it for you
Solving complex mathematical problems
13
How is bitcoin secured and verified?
Cryptography
Banks
Advanced Mathematics
Trade Exchanges
14
Which cryptocurrency is currently valued the highest?
Bitcoin cash
Ethereum
Bitcoin
XRP
