History of Bitcoin and Cryptocurrency Prices with Comment.
Yesterday i found out Coinmarketcap allows to show historical snapshots so i took a cup of coffee and prepared this post for you!
If you are new to cryptos and dont remember the 2013 freenzy its gonna be interesting for you. If you been there it will remind you the fun crazy times.
Coblee creator of Litecoin commented on this: Top 7 coins are now ranked 1, 4, 37, 55, 248, 427, 92.
Notice BTC vs LTC back then. Currently BTC at 900USD and LTC below that price here. NVC and TRC was mostly pushed only thanks to one exchange - BTC-E. TRC is now kicked out there and NVC is far away in price of cents.
Now i found screen of close to ATH of 2013 with BTC at 1000USD+ and Litecoin on 39USD. For now it seems this corellation is fully broken but you never know. Other interesting thing in this chart is Primecoin in this chart which was the original before Bitshares and STEEM made by @dantheman
WDC FRC MEC are pretty dead now others trade but very low.
Now january 2017. As you see only BTC LTC and XRP are left in top10 all other coins are different. Whats interesting now instead of XPM we have STEEM - @dan made it again!
Conclusion
3 years in crypto are like ages. I wouldnt be suprised if in 2019 again 7 coins in top10 wont be any of those we know right now.
It seems that LTC is still important to the market and its good to hold it for its crazy pump one day.
This also shows you shouldnt get obsesse with one technology - those change, new come and kill old ones.
Also currently there is way more exchanges then back then. In 2013 just 1 exchange trading NVC (i mean 1 serious) was capable of pushing its price to a very nice levels.
At this point i do not believe NMC PPC and others will ever get back to their 3-10USD prices.
Hope you liked this historical events with my commentary!
The price of STEEM is 0.158272 USD per STEEM
2017, surely? :-)
bot honeypot...i was checking if anybody reads that.
j/k fixed, thanx ;)
L0ved the p0st very good work! It was fun seeing this flashback. And 3yrs in Crypt0 does seem like ages! I got involved Mar. '2014' so I missed the '2013' frenzy which was a shame;(
But I'm moving on and finding other coins to scoop up before they blow up as well ;)
REsteemed
2014 is good enough :) Imagine emotions back then though!
Thanks for support man
Imagine? I 0r we knw! ;)
I got burned pretty hard in 2013, does anyone know where to short the shitcoins? I know you can do some on Poloniex
depends whats a shitcoin for you, if anything else than BTC or LTC then u have a few to short on few spots - https://steemit.com/bitcoin/@kingscrown/my-review-of-bitcoin-leverage-trading-platforms-choose-best-one-for-your-needs
Oh great, only recently started following you will check it out thanks