Unlocking Bitcoin Price Without External Sources: A Step-by-Step Guide
As a Bitcoin enthusiast, it can be frustrating when you’re trying to stay informed about the market but can’t find a reliable source for Bitcoin prices. However, with some basic knowledge and persistence, you can access Bitcoin price information without relying on external websites. In this article, we’ll walk you through the process of getting the Bitcoin price (in US dollars) without using external sources.
Why can’t we trust external sources?
Before we dive into the solution, let’s quickly discuss why external sources can be unreliable. Some external websites may rely on:
- Tables and databases: While they may provide historical data, they may not reflect real-time prices or may contain errors.
- Data Aggregators: These services collect data from multiple sources, but often use aggregation methods that introduce delays or biases in price information.
- Human Opinion and Bias: Prices can be influenced by personal opinions, emotions, and market sentiment, which can lead to inaccuracies.
The Solution: Use Internal Sources
To access Bitcoin prices without external sources, you need to understand how the Bitcoin blockchain works and use internal sources that rely on data from the network. Here are the steps:
1.
Learn about the Ethereum Blockchain
First, let’s look at what the Ethereum blockchain is. The Ethereum network is a decentralized, public ledger (blockchain) that records all transactions across the network. Bitcoin, a type of cryptocurrency, uses a modified version of this technology called the “Bitcoin Cash” protocol.
Understanding how the Bitcoin blockchain works will help you identify internal sources of price data.
2.
Identifying Internal Sources
Here are some internal sources where you can find Bitcoin prices:
- Ethereum Blockchain API: The Ethereum network provides a public API (Application Programming Interface) that allows developers to programmatically access blockchain data. To retrieve Bitcoin price information, you can use APIs such as [ or [
- Bitcoin Cash Core Wallet API: If you have a Bitcoin Cash wallet, you can use its API ( to access blockchain data.
- Blockchain Explorer Tools: Websites like CoinMarketCap ( and CryptoCompare ( provide detailed information on various cryptocurrencies, including Bitcoin.
3.
Using Python or JavaScript for data processing
You need to use programming languages like Python or JavaScript to process internal sources and convert the data into a usable format. Here are some examples:
Using Python:
import requests
Set the API endpoint URLurl = "
Set the API key (optional)api_key = "YOUR_API_KEY_HERE"
Send the GET request with a JSON payloadresponse = requests.get(url, params={"action": "list", "ids": "bitcoin", "output": "csv"}, headers={"X-API-KEY": api_key})
Process the response data to extract the Bitcoin priceprice_data = []
in response.json()["result"] for element:
price_data.append(element["price"])
Save the prices to a CSV filewith open("bitcoin_prices.csv", "w") as a csv file:
writer = csv.writer(csvfile)
writer.writerow(["Price (USD)"])
writer.writerows(price_data)
print(f"Bitcoin price data saved to bitcoin_prices.csv")
Using JavaScript:
“` javascript
const axios = require(“axios”);
const url = “
const apiKey = “YOUR_API_KEY_HERE”;
axios.