Bitcoin ever changing price in the last 10 years
Over the past few years, Bitcoin has gained a lot of information about it in the open market during trading. This information will help traders better organize their vision for the future of this digital currency.
On July 17, 2010, for the first time, two bitcoin trading groups coordinated at the #MtGox exchange.
That is, just when 20 bitcoins were traded for less than a dollar. At that time, the exact price of each bitcoin was $ 0.04951.
Compare the price of the first transaction right now with Bitcoin to see how much the market has grown!
The first bitcoin transaction
The details of the first bitcoin transaction are as follows:
- Time: July 17, 2010
- Amount: 20 bitcoins
- Price: $ 0.04951
- Value: $ 0.09902
10 years ago, the length of the blockchain network was 68,773 and the number of bitcoins offered was 3,438,650.
A simple multiplication shows that the Bitcoin market cap was barely $170,000 when the first trade was made on Mt.Gox.
Bumps and milestones
Almost two months after the first trade, on September 14, 2010, the price of Bitcoin doubled and crossed 10 cents, and about a month later, on October 8, 2010, Bitcoin fell 90% and its lowest price was 0.1.
At this time ,anyone could buy a bitcoin for 1 penny!
The Road Ahead
In the last ten years, the Bitcoin market cap has grown from $170,000 to $170 billion.
We lost 90% and then we made 100 times the profit.
Each time the price of Bitcoin rises, it brings a new group of fraudsters, opportunists, entrepreneurs and developers who wanted to get acquainted with the magic money of the Internet.
It does not matter why people come to Bitcoin.
Each new wave that forms in this market makes us look more closely at the past of this digital currency and ask more fundamental questions about the nature of money and its status.
These questions and answers can take years; But in the end, it's bitcoin that shows people the way to legal money and maybe takes us beyond where we are.
I think all those who have not recognized Bitcoin , will be forced to do so in the future.
Mine tron in40 day
With us
I really don't think the price can ever be stable but Bitcoin has proven to be a worthy and great investment.
Hello @hosseinrad, excellent publication.
Personally I think the bitcoin will be worth $10,000. Little by little the stage is being set for the crypts
Dear @trabajosdelsiglo
Your right.
But I think the price will increase very soon.