Bitcoin is the first cryptocurrency in the world. It is a transaction fee and a trading system based on a blockchain-based compliant book called blockchain that records all transactions.
Now bitcoin was invented in 2008 by Satoshi Nakamoto but was developed by decades of undercover and blockchain research and not the work of just one person. It was a well-known dream of photographers and free traders to have unlimited, unlimited revenue based on the blockchain. Their dream is now a reality with the temporary popularity of bitcoin and other altcoins around the world.
Now cryptocurrency currencies were first traded in a blockchain-making agreement in 2009 and the same year they were first traded. In July 2010, the value of bitcoin was only 8 cents and the number of miners and nodes was small compared to thousands at present.
Less than a year later, the new price rose to $ 1 and became an exciting prospect for the future. Mining was easy and people were making good money and doing business and even paying with it sometimes.
In six months, the currency has returned $ 2. Although the price of bitcoin has not stabilized at a certain price, it has been showing this kind of insane growth for some time. In July 2011 at one point, the money went to bonkers and a high price of $ 31 was met but the market soon realized that it had risen sharply compared to what it had gained on the ground and rebounded to $ 2.
December 2012 increased and increased to $ 13 but soon, the price exploded. Four months later until April 2013, the price rose to $ 266. It set itself back later to $ 100 but the rise in the price sky rose for the first time for the first time and people began to argue about real estate with Bitcoin.
It was during this time that I became acquainted with the new currency. I was skeptical but as I read more, it became clear that the money was for the future as it had no one to manage it or force it. Everything had to be done in full agreement and that is what made it so powerful and free.
So 2013 was the first financial year. Major companies began to openly accept the legitimacy of bitcoin and the blockchain became a popular topic in Computer Science programs. Many people at the time thought that bitcoin had achieved its goal and is now stable.
But, as the currency became more popular, bitcoin ATMs were being established around the world and some competitors began to flex their muscles at various corners of the market. Ethereum developed the first blockchain and Litecoin and Ripple introduced themselves as cheaper and faster alternatives to bitcoin.
The magic value of $ 1000 was first broken in January 2017 and has since increased fourfold since September. It is very profitable because of the money that was worth 8 cents seven years ago.
Bitcoin survived a strong fork on August 1, 2017, and has risen about 70% since then even though the bitcoin fork currency has managed to send it successfully. All of this is due to the attraction of the money and the blockchain technology behind it.
While economists argue that it is wool and the whole world of crypto will collapse, this is not the case. There is no such thing as a bubble because it is clear that it has consumed a share of fiat money with financial institutions.
The future is very bright for bitcoin and it is not too late to invest money, small and long.