The Rise and Rise of Bitcoin

rise of bitcoin
Jan 2009 – Jan 2010
Bitcoin had no value
No exchanges or market, users were mainly cryptography fans who were sending bitcoins for low or no value.
Feb 2010 – May 2010
Bitcoin was valued at less than $0.01
On 22 May 2010, user “laszlo” made the first real-world transaction by buying two pizzas in Jacksonville, Florida for 10,000 BTC! User “SmokeTooMuch” auctioned 10,000 BTC for $50 (cumulatively), but no buyer was found.
July 2010
Bitcoin was valued at $0.08
In five days, the price grew 1000%, rising from $0.008 to $0.08 for 1 bitcoin.
Feb 2011 – April 2011
In just 7 months, Bitcoin value rose to $1 and takes parity with US dollar.
8 July 2011
Bitcoin’s value shot up to $31
top of first “bubble”, followed by the first price drop
Dec 2011
The value of Bitcoin dropped to $2, just a few months after its first “bubble”
Dec 2012
Bitcoin started rising slowly over one year to $13
April 11, 2013
By this time, the value of Bitcoin had risen to $266, growing at a steady rate of 5-10% daily.
May 2013
Bitcoin experiences price stability, even though the value dropped to $130
June 2013
Bitcoin valued at $100.  In June it slowly dropped to $70, but rose in July to $110
Nov 2013
By this time, with the gain in public acceptance, Bitcoin rose from$350 – $1250
From October $150–$200 in November, rising to $400, then $600, eventually reaching $900 on 11/19/2013 and breaking $1000 threshold on 27 November 2013.
Dec 2013
The value fluctuated between $600 – $1000
Bitcoin price crashed to $600, rebounded to $1,000, crashed again to the $500 range. Stabilized to the ~$650–$800 range.
Jan 2014
Steadily gaining value to $750 – $1000
Price spiked to $1000 briefly, then settled in the $800–$900 range for the rest of the month.
Feb 2014
Price stability at the range of $550 – $750
Price fell following the shutdown of Mt. Gox before recovering to the $600–$700 range.
Mar 2014
Bitcoin struggles to maintain its value at $450 – $700
The price continued to fall due to a false report regarding bitcoin ban in China and uncertainty over whether the Chinese government would seek to prohibit banks from working with digital currency exchanges.
Apr 2014
Further price drop to $340 – $530
The lowest price since the 2012–2013 Cypriot financial crisis had been reached at 3:25 AM on April 11
May 2014
Bitcoin shows weak signs of recovery at $440 – $630
The downtrend first slow down and then reverse, increasing over 30% in the last days of May.
Mar 2015
Further drop in value to $200 – $300
Price fell through to early 2015.
Early Nov 2015
Bitcoin regains its strength $395 – $504
Large spike in value from $225-$250 at the start of October to the 2015 record high of $504
May – June 2016
$450 – $750
Large spike in value starting from $450 and reaching a maximum of $750.
March 2017
$1200
Bitcoin breaks beyond its ATH (all-time high) and soars towards $1300, set to outdo the current price of gold.
Bitcoin is projected to reach $2000 by the end of 2017. Whether we like it or not, Bitcoin is here to stay with us. You should learn how to acquire bitcoins and position yourself for the greatest financial revolution in history. Bitcoin has become the future of money. Just like the dotcom boom that churned out some new monies, you surely want to ride this wave, don’t you?
Click here to view our crypto opportunities if you are interested in having a piece of the Bitcoin pie (or pizza as the case might be).
Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s