A Quick and Dirty Upgrade on my Ultimate Bitcoin Long Term Analysis Chart

in #bitcoin4 years ago (edited)

After my last post on Bitcoin, I went on a further quest to Bitcoin value before it started trading officially.

I found that the first transaction was on

  • 12 October 2009, when New Liberty Standard bought 5050 BTC from 'Sirius' at 0.001 USD/BTC

The second transaction was on

  • 22 May 2010, when Laszlo Hanyecz bought 2 pizza's for 10K BTC at 0.0025 USD/BTC

So I added these 2 data to my series of historical bitcoin prices.

I let the chart start on 3 January 2009 when 'Satoshi Nakamoto' mined the first ever 'Genesis Block' of 50 Bitcoins.

This is what came out of it:

bitcoin 2018.05.25.png

As you can see for yourself, these very first 2 trades have set the basic trendlines for the rest of Bitcoin's price evolution from 2009 until today!

Amazing find, don't you think?

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It's not dirty update sir

"quick and dirty" is an expression in English
https://en.wiktionary.org/wiki/quick-and-dirty

86-DOS is a discontinued operating system developed and marketed by Seattle Computer Products (SCP) for its Intel 8086-based computer kit. Initially known as QDOS (Quick and Dirty Operating System), the name was changed to 86-DOS once SCP started licensing the operating system in 1980.
In October 1980, IBM was developing what would become the original IBM Personal Computer. CP/M was by far the most popular operating system in use at the time, and IBM felt it needed CP/M in order to compete. IBM's representatives visited Digital Research and discussed licensing with Digital Research's licensing representative, Dorothy Kildall (née McEwen), who hesitated to sign IBM's non-disclosure agreement. Although the NDA was later accepted, Digital Research would not accept IBM's proposal of $250,000 in exchange for as many copies as IBM could sell, insisting on the usual royalty-based plan.[6] In later discussions between IBM and Bill Gates, Gates mentioned the existence of 86-DOS and IBM representative Jack Sams told him to get a license for it.
Microsoft purchased a non-exclusive license for 86-DOS from Seattle Computer Products[7] in December 1980 for $25,000.[citation needed] In May 1981, it hired Tim Paterson to port the system to the IBM PC,[1] which used the slower and less expensive Intel 8088 processor and had its own specific family of peripherals. IBM watched the developments daily,[1] submitting over 300 change requests before it accepted the product and wrote the user manual for it.
In July 1981, a month before the PC's release, Microsoft purchased all rights to 86-DOS from SCP for $50,000.[1][8][9] It met IBM's main criteria: it looked like CP/M, and it was easy to adapt existing 8-bit CP/M programs to run under it, notably thanks to the TRANS command which would translate source files from 8080 to 8086 machine instructions. Microsoft licensed 86-DOS to IBM, and it became PC DOS 1.0. This license also permitted Microsoft to sell DOS to other companies, which it did. The deal was spectacularly successful, and SCP later claimed in court that Microsoft had concealed its relationship with IBM in order to purchase the operating system cheaply. SCP ultimately received a 1 million dollar settlement payment.
https://en.wikipedia.org/wiki/86-DOS

;-)

Good analysis by you

thanks :-)

you sharing very talented tropic of today in your post.its really helpfull for every stermians.because this tropic very important for steemit work.you are really best.thanks to sharing for your great post.my dear friend.@pagadance very well done.best of luck for your great work.
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this is setting down for the best which is yet to come

Price wise or history wise? Because in my ongoing quest I found out more interesting and puzzling things about the early days of Bitcoin. Not sure if it's wise to publish them all though ;-)

Great post @pagandance.
Great analysing work.

Thanks for giving us this update.

Upvoted & resteemed your post.

Do you think it is a coincidence or is there merit for it to have a meaning? Anyways interesting observation!

Just a quick look at the chart should prove you this not a case of 'coincidence'. I even found out more things about these early days of Bitcoin that point to all of this 'happening' according to some sort of master 'plan' ;-)

@pagandance,
I saw you are powering down! Don't leave STEEMIT bro! Make a plan for 2020! I assure you might end up as a Millionaire!

Cheers~

Just rebalancing my portfolio. Too much exposure to Steem atm.

btc has developed itself highly in a short period. it proves btc's ability in economics sectors

Well if we see it that way , BTC had significant growth while people are expecting more from it ;)

I think Bitcoin is waiting for a wonderful day, we are waiting for that day. Your post is very beautiful about Bitcoin.......

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