new to bitcoins. need help

[wujoh]

hello all, recently a close friend sent me 200 bitcoins through multibit, i got an account set up and everything. but i thought bitcoins were worth an insane amount of money, ( CAD- bitcoins are $573) but it says its only worth $83.72. the number of bitcoins it has in the account says 200.000 am i wrong on the amount of bitcoins i have?

[7788bitcoin]

Maybe it is only 200mBTC... Since 1 BTC is about $415 now, 200mBTC = 0.2BTC is only about $83.

[tobacco123]

hello all, recently a close friend sent me 200 bitcoins through multibit, i got an account set up and everything. but i thought bitcoins were worth an insane amount of money, ( CAD- bitcoins are $573) but it says its only worth $83.72. the number of bitcoins it has in the account says 200.000 am i wrong on the amount of bitcoins i have?

200mBTC is actually quite good point to start with. You can try to purchase something with it and experience the new way of payment transfer.

[Sturgeon]

hello all, recently a close friend sent me 200 bitcoins through multibit, i got an account set up and everything. but i thought bitcoins were worth an insane amount of money, ( CAD- bitcoins are $573) but it says its only worth $83.72. the number of bitcoins it has in the account says 200.000 am i wrong on the amount of bitcoins i have?

can you share screenshoot of your wallet? or you can share your bitcoin address?
you must learn about mbit, bits, satosi and bitcoin

read this article
https://en.bitcoin.it/wiki/Units

[gentlemand]

Bitcoins are divisible up to eight decimals and wallets display them in various guises. Some will show complete bitcoins, others will divide them up into smaller units. mBTC is a common one so it looks like that's what your wallet is displaying them in. 1000 mBTC is a complete bitcoin.

[crairezx20]

I think you talking about the value of your coins and i think you receive 200mbtc that's why the result is $83 usd.
This is the chart of bitcoin names or units.. Check this link
https://en.bitcoin.it/wiki/Units
I hope it helps.

[The Sceptical Chymist]

Yeah what you have is 0.20000000 bitcoin, or 1/5 of a whole bitcoin.

[kyrios_]

check the unit of the Bitcoin. and use a chart to see how many bitcoins it is worth

[D3ViL]

you received 200Mbits and not 200 bitcoins ,which is equivalent to 81600$, and thats the reason you got 83$

[pooya87]

the bitcoin wallets should really change their default unit setup to the traditional decimal point. that way it is going to be simple and none-confusing for any first time user and other users can easily change the unit on their own in setting.

[DOGE12321]

one maybe your transaction didnt work, your account might have gotten hacked or it wasn't BTC. even 1 BTC is much more than 90 USdollars.

[mrcashking]

200 bitcoins through multibit

Mulitbit displays the value in mBTC.

but i thought bitcoins were worth an insane amount of money, ( CAD- bitcoins are $573) but it says its only worth $83.72.

Bitcoins are not worth insane amount of money,but yes it has a value which is bigger than most of the fiat's.

the number of bitcoins it has in the account says 200.000 am i wrong on the amount of bitcoins i have?

Did you expect your close friend to send you 200 btc (80k~ $) and not inform you that ?

[jmintuck1912]

Slightly envious for a friend like that. But I did mine on my own. I would have SCREAMED if they had sent you 800 FULL btc.


Save it and when you save up enough, or better still, with fiat, get an Antminer S5 or so. Mine altcoins and cash them in for

btc. This way, you'll make more coins.

[tobacco123]

hello all, recently a close friend sent me 200 bitcoins through multibit, i got an account set up and everything. but i thought bitcoins were worth an insane amount of money, ( CAD- bitcoins are $573) but it says its only worth $83.72. the number of bitcoins it has in the account says 200.000 am i wrong on the amount of bitcoins i have?

Hmmm.... maybe your friend made a mistake. He wanted to send you 200BTC with 200mBTC fee, but made a mistake by sending you 200 mBTC with 200 BTC fee.

Share us the your public address and we can let you know where the problem was.

[Mickeyb]

hello all, recently a close friend sent me 200 bitcoins through multibit, i got an account set up and everything. but i thought bitcoins were worth an insane amount of money, ( CAD- bitcoins are $573) but it says its only worth $83.72. the number of bitcoins it has in the account says 200.000 am i wrong on the amount of bitcoins i have?

Hmmm.... maybe your friend made a mistake. He wanted to send you 200BTC with 200mBTC fee, but made a mistake by sending you 200 mBTC with 200 BTC fee.

Share us the your public address and we can let you know where the problem was.

Everyone, this is an example of a sig farmer who doesn't even bother reading what the other posts were about. Stupid explanation probably comes with the package.

OP, you should lock this thread as others said, you recieved 200 mBTC , a unit of BTC , something like cents are to dollars. Go to lower-left corner and click "Lock topic"

[bearex]

There is nothing wrong with the conversion, so either you have only 0.2BTC or you your BTC value isnt showing in BTC, but in mBTC, satoshis,...

[Amph]

again this is teh reason prefix are bad, milli micro etc, confused newbie, better to use divisors or one bitcoin, so here we are talking about 0.2 only

or another way is viewing them as a fiat, so 0.01 is 1 cent of bitcoin, 0.2 is twenty cent and so on

[btcltccoins]

It's a lot of amount considering one btc of 390 dollar approx. What I guess is that it must be satohsi rather than btc. By the way he's a great friend of yours if he really send u that much bitcoins.
Nice

[pocarime32]

hello all, recently a close friend sent me 200 bitcoins through multibit, i got an account set up and everything. but i thought bitcoins were worth an insane amount of money, ( CAD- bitcoins are $573) but it says its only worth $83.72. the number of bitcoins it has in the account says 200.000 am i wrong on the amount of bitcoins i have?

Are you sure it's 200 bitcoins ? Because it's really big amounts of bitcoins. I'm thinking same like others here, i think your friend give 200mbtc to you. That's why the price is only that.

[neonshium]

Maybe it is only 200mBTC... Since 1 BTC is about $415 now, 200mBTC = 0.2BTC is only about $83.

You must recieve 200mbtc not 200 btc, but having 200mbtc is also a good thing. You can start with a good way with these 200mbtc, Welcome to bitcoin world!