History of the Price of Bitcoin Year to Year

alexanderishak (6)in #history • 6 years ago

Hello Steemit community of bitcoin lovers

The long journey of bitcoin from the beginning to reach its peak makes many people amazed. How not, bitcoin continues to be introduced to the public by the crypto community into various industries. The development of bitcoin has made traditional investments almost extinct, because of the ease in offers issued through ICO. What is the historical development of the price of bitcoin to attract public sympathy to this day?.

Before the birth of the blockchain, the stock and forex exchanges were most popular with traders in terms of investment. As with Amazon shares, which were sold for around 45 US dollars 5 years ago, and are now worth more than US $ 1700. Just like Bitcoin, a few years ago the price was considered one eye, but now a lot of people are hunting. And in the history of bitcoin prices, the bubble has happened twice since it was first released.

Development of the History of Bitcoin Prices

The history of the development of bitcoin to achieve success today cannot be separated from the community. Bitcoin began to be introduced slowly to the public, the number of miners continued to grow. And the new blockchain technology continues to develop following the basis of bitcoin.

Is bitcoin one of the best investments? Although there are still many people who doubt, Bitcoin has proven itself to be one of the promising investments in the past 10 years.

Here's the long journey of the development of the history of bitcoin prices to date:

Bitcoin (Baby), January 2009 - March 2010

The first time bitcoin is born, there is no single exchange or crypto market. Cryptographic users who send bitcoin are only for hobbies, there is no value at all. So, at that time sending bitcoin "like sending emoticons messenger" among cryptographic users.

In March 2010, a user who called himself "SmokeTooMuch" auctioned 10,000 BTC for 50 US dollars. Likewise no one bought it.

First Crypto Exchange Opened in 2010

Until March 17, 2010, the Bitcoin Market crypto exchange traded BTC at a price of around 0.003 to 0.06 US dollars. Approximately now the most expensive price is around 800-1000 rupiah per 1 BTC.

The world of cryptocurrency trading began in 2010, where users and communities were still small. For traders who are looking for cheap bitcoin, go back to this year.

In 2011, the First Bitcoin Bubble

After bitcoin was introduced at a fairly cheap price, in 2011 the price jumped 2000 percent. BTC is traded for US $ 0.30. In the history of bitcoin prices, Crypto was used to trade illegal goods on Dark Web online. Because the illegal trade model is considered in accordance with the Bitcoin payment criteria that are of anonymous nature.

This year, 'baby' bitcoin began to walk its feet. For the first time, the bitcoin "bubble" reaches a price of 31 US dollars on July 8, 2011.

WikiLeaks and other organizations began accepting bitcoin payments, including the Electronic Frontier Foundation (non-profit) also accepting bitcoin as payment. And in September 2011, Vitalik Buterin opened Bitcoin Magazine.

Bitpay Becomes Known in 2012

In October 2012, BitPay had more than 1000 merchants that accepted bitcoin with its payment service. And in November 2012, WordPress also began accepting bitcoin payments. Bitcoin prices rose from 2 dollars to 13 dollars in December 2012.

Bitcoin Payments Received by Merchants, 2013

Bitcoin Accepted Here! Some businesses have allowed payment options to use bitcoin in 2013. From here bitcoin starts to climb with prices pegged at around 815 US dollars. In this year, bitcoin reached a market capitalization of US $ 1 billion.

Microsoft Receives Bitcoin Payments, 2014

Even though the bitcoin price dropped in 2014, there were extraordinary developments at that time. BTC prices had dropped to 340 dollars, then jumped to 630 US dollars in May. The progress of bitcoin has been accepted by Microsoft as a payment for the purchase of games, applications, and Xbox.

In this year Mt Gox, the Japanese crypto exchange announced that it had been hacked by hackers and lost around 650,000 bitcoins. This value is the biggest in the history of the crime of bitcoin hackers.

Coinbase Demonstrates Gear, Bitstamp Conceded in 2015

Beginning in March 2015, the lowest bitcoin price reached 300 dollars, and the highest price was around 504 US dollars at the beginning of November 2015. Until August 2015, around 160 thousand merchants had used bitcoin payments. This year, Coinbase began to show off to the public with a total fund of 75 million US dollars. In 2015, Bitstamp was hacked until users lost funds reaching 1900 BTC.

Bitcoin ATMs Deploy in the World Since 2016

The highest bitcoin price in 2016 reached US $ 780. In April 2016, Steam opened a game purchase service using Bitcoin, but it soon returned. And as of September 2016, ATMs that support bitcoin are spread across 771 units worldwide.

Also this year, in August 2016, Bitfinex was hacked by hackers and lost 120,000 BTC. Successive hacker attacks over the past 3 years, after the Mt Gox and Bitstamp cases.

Second Bitcoin Bubble, 2017

In January 2017, the price of bitcoin is still around 800-1150 US dollars. Then May-June began to rise from 2000 to 3200 US dollars, August 4400 dollars, September 5000 dollars, October 5600 dollars, November 7300-8100 dollars.

And the peak in December 2017, for the second time, the bitcoin "bubble" reached a price of 17900 US dollars. This price drops to 14000 US dollars in just 24 hours, even traders are hardly given the slightest breath.

Even Wall Street and large investment banks are starting to invest in the Bitcoin crypto currency. The history of bitcoin prices in December 2017 is the highest increase since the birth of bitcoin.

Bitcoin Prices Decline 50 Percent in 2018

Since the bitcoin boom in December 2017, many traders are frustrated because the price of bitcoin has dropped by 50 percent. In February 2018, the price of bitcoin reached 6200 US dollars, this long journey continues to this day.

Bitcoin seems to survive at the level of US $ 6000 until mid-2018. No one knows for sure, when the third bitcoin "bubble" will happen again. What happens every year is basically the same, the price of bitcoin falls due to hacker crime and regulation. But from year to year, bitcoin remains in unexpected numbers.