What type should I store cryptocurrency prices in MySQL?
If you're looking to store cryptocurrency prices in MySQL, you'll want to use a float data type. This will ensure that your prices are stored as decimal values, making them easy to work with.
Why Bitcoin Prices Fluctuate
Bitcoin prices are highly volatile, meaning they can change quickly and significantly. This volatility makes it difficult to predict the future value of bitcoin, which can make investing in bitcoin risky.
What Determines the Price of Bitcoin
Bitcoin price is determined by supply and demand. There are a finite number of bitcoins that will ever be created, and as they are mined, they become more difficult to find. This has led to a trend of people buying bitcoin in order to hold them rather than use them. As the supply of bitcoins decreases, the price will increase.
How do I store Crypto Currency Prices
Coinbase allows for easy storage of Crypto Currency prices. To do this, go to:
https://www.coinbase.com/settings/
On the "Settings" page, under "Account" click on "Wallets".
On the "Wallets" page, under the "Cryptocurrencies" heading, select the wallet in which you want to store your prices.
Under the "Price History" heading, select the date range for which you want to store prices.
To view the prices for a specific cryptocurrency, select that currency from the "Cryptocurrencies" list and click on the "Average Price" or "VWAP" link.
When is the Best Time to Buy Bitcoin
The best time to buy Bitcoin is when the price is low.
What is Bitcoin Worth Today
As of November 2017, Bitcoin is worth $11,000.
Bitcoin Value vs Fiat Currencies
Bitcoin and fiat currencies are both valuable forms of currency. However, they have different strengths and weaknesses. Bitcoin is more resource-efficient and secure than fiat currencies. Fiat currencies are more liquid and easier to use for everyday transactions.
What You Need to Know About Bitcoin Prices
Bitcoin prices are determined by supply and demand. The more people want to buy bitcoins, the higher the price will be. Conversely, if there are fewer people wanting to buy bitcoins, the price will be lower.
