Get Bitcoin Price In Real Time Using Python

In this article I will show you how to get the price of cryptocurrencies like Bitcoin in real-time using Python.

What is bitcoin and who created it ?

Bitcoin is a digital currency and a payment system invented by an unknown group or person by the name Satoshi Nakamoto , who published the invention in 2008 and released it as open source software in 2009. It is the first decentralized digital currency, meaning the system works without a single administrator or central bank, you can use them in every country, your account cannot be frozen, and there are no prerequisites or limits .

Bitcoins are transferred directly from person to person, also known as peer to peer. The cryptographic transactions are verified by a network of people and recorded in a public distributed ledger called the block chain . Note that once a payment is made it can’t be reversed, and if you lose your wallet, you lose your bitcoins.

How much is one bitcoin worth ?

Bitcoin is very volatile, the price of one bitcoin is liable to change rapidly and unpredictably. Earlier in January 2017 one bitcoin was equivalent to $985 USD. If you had invested $100 USD in 2010, you would be worth about $72 million USD as of (12/21/2017).