#Bitcoin History

[debajitadhikary]

Brief history of Bitcoin

Brief history of Bitcoin

In my opinion, no study of blockchain is complete without a basic understanding of the birth of Bitcoin. Surprisingly, even today, we still don’t know for certain who authored the Nakamoto Paper in 2008.  Who is Satoshi Nakamoto?  He or she may even be a pseudonym for a group of people. This mystery adds to crypto folklore. It is believed by some that the paper and its proposal were a response…

[bitfeu-blog]

The journey of Bitcoin

Bitcoin has many advantages as you can trade through out the worldwide without having a trouble or some any other restrictions. When bitcoin was started the market cap value was $1 and now Bitcoin Market Cap is $142,882,372,558 USD.

This Infographic gives a brief of how its changed and evolved since its inception.

[rahulkohali79]

The History, Present, and Future of Bitcoin’s Price

Bitcoin has a history with its pricing and market valuation. There was a time when it needed 10000 bitcoins to buy a pizza back then in 2009. Since then bitcoin has come a long way with its capped market pricing. Bitcoin now becomes a $200 billion market with a value of $11000 per bitcoin. It reached $1100 just a year after its first halving. The second halving took place in July 2016 where 1 bitcoin was worth $660. After six months, the price exceeded $1000 then after four months it reached $2000, after another four months it reached $4000 and after three months it reached its historic price of $20000. 

During the third halving event in May 2020, bitcoin’s price was approximately $ 9000. There is an assumption that the bitcoin has a cycle of four years, followed by its halving. Because of the pattern of its past price increases in a meteoric manner. 

The assumption of a four-year cycle

This has left people enthusiastic and excited about the next turn that the bitcoin investment is ready to take. The past cycle was of four years so the predictions were done of the next future cycle of four years. In 2020, the price of bitcoin was $ 7000. It was oscillating between $7500 and $11000 before the crash in March and in between the declining global markets due to the COVID-19 pandemic. This caused the dip in the price from $7000 to $4000. 

This drop was also prominent because there is always an assumption about the drop in each market cycle. But the one who is new to the market might not be able to see the opportunity that has been presented with a dip in the price of the bitcoin. A seasoned investor knows the rules of the game. What surprised many people in the market crash that has happened due to pandemic was the crash of bitcoin prices too have happened along with the stocks. Here, many investors were assuming that the investment in bitcoin is a potential hedge against the crashing of the stock market in the future. 

The resilience of bitcoin

It was in December 2013 when the bitcoin price dropped to $200 just 12 months later after registering a high of $1100. The same dropping of price continued for nine months. In December 2017, the same dipping of price also happened after the bitcoin registered its historic high of $20000 where the price got down to $7000 in the first half of 2018 and remained till that point for many months. But the bitcoin always recovers from the price dip and comes back stronger, no matter what the pessimist predicts.

There are some tips for investors to adhere to while investing in bitcoin pricing. Firstly, the highs and dips are fast and persistent, so it’s better not to invest hugely in those moments. Secondly, the rise of bitcoin can sometimes be quick and bewildering so it is better to keep in mind that aspect of bitcoin too while investing.

Though there is no guarantee for the market cycle repeating itself after every four years but drawing the lessons from each milestone is important in the continuous history of bitcoin trading.

 Hope, now you understand the bitcoin market. If you want to invest in this market and looking for one of the best bitcoin exchanges in India, you should look no further than PCEX Member. 

[officialhannahfx]

[thecryptoreport]

If In Doubt Zoom Out, Bitcoin Profitable Days Still at 91.5% Even despite the recent haircut off Bitcoin’s market capitalisation that saw prices once again crash spectacularly through the $10,000 level, those buying the crypto asset throughout most of its history would theoretically be in profit if they had held onto their investment until today.

[newschurn]

The Largest NFT Mint in History — Bored Ape's Otherside Virtual Land Sale Raises $320 Million – Bitcoin News

The Largest NFT Mint in History — Bored Ape’s Otherside Virtual Land Sale Raises $320 Million – Bitcoin News

On Saturday, the creators of Bored Ape Yacht Club (BAYC), Yuga Labs, revealed the Otherside metaverse virtual land sale which turned out to be one of the largest non-fungible token (NFT) mints to date. The Otherside metaverse virtual land sale raised close to $320 million by selling 55,000 parcels of Otherside land. Otherside Metaverse Sees $320 Million Raised, Ether Fees Spike, Etherscan…

[spectrumspace]

The original "Charlie Bit Me" video is going to be auctioned off as an NFT, after which the original 2007 upload with 800+ million views will be deleted off YouTube forever.

[lifeofroos]

Tulips were the original bitcoin. Think about it

[linearb-blog]

'Metaverse'

https://opensea.io/assets/0x495f947276749ce646f68ac8c248420045cb7b5e/69526106716895961772772145334588990469297053050790584815118976793294078476289/

@jamaalpascall

[enchantechante]

Any book suggestions for Black men to read?

Think and Grow Rich: A Black Choice by Napoleon Hill and Dennis Kambro

They Came Before Columbus: The African Presence in Ancient America by Ivan Van Sertima

Bitcoin & Black America by Isaiah Jackson

African Holistic Health by Llaila O. Afrika

30 Minutes That Can Change Your Life by Jared Newsome

The Autobiography of Malcolm X As Told to Alex Haley

Pimp by Iceberg Slim

All About Love: New Visions by bell hooks

[officialhannahfx]

Focus your attention on yourself, your behaviours, your dreams and your purpose.

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All you need to know is that you have to be better than you used to be and not better than others. You are you and they are them. Every time you focus your attention outwards, every time you choose to compare yourself with others, you will lose sight of who you really are. This will weaken you and you might lose faith in what you can and can’t do.

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The most important person in your life is you and all you need to do is better than you used to be. Never stop learning. Never stop growing and improving. Remember that!

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This caption was inspired by the many messages I’ve been getting recently. And something I also need to remind myself from time to time. Hope everyone is having an awesome week so far!!

[cryptobeepins]

Historical data points to Bitcoin mirroring past rallies, is it ready for massive increase

[satoshi-bitcoin]

Explaining #bitcoin with simple visualizations

#BTC #BeTheChange 🆙👀⬇️

https://satoshi.data.blog/2021/10/29/visbitcoin/

[georgiansuggestion]

dearest editor, who art that delicious gentleman in thou's icon ? please telleth that wig fellow to post ankle henceforth posthaste, i beseech thee

[jannywill]

Buying Bitcoin at a good rate has been a problem, but Cryptoxstore answers it all you can now get Bitcoin at a cheaper rate of $44,677.

Follow the link below to Purchase Bitcoin

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https://flutterwave.com/pay/buybitcoincrypto