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How Cryptocurrency ACTUALLY works.The short answer. At the start of May , Bitcoin was trading for approximately $ (that isn't a typo). So, $1, would have bought. Bitcoin's price has been on a wild ride since it launched over 14 years ago, on January 3, While that's similar to most cryptocurrencies, BTC has been. While Bitcoin was officially launched on January 3, , it's tough to find any standard pricing before mid That's because there weren't.