Hello Friends,
I thought I would post this for those who seem to look back as far as 2017 and not any further. It gets tiresome when those who see the trees and not the forest and then post, yelling "the sky is falling, the sky is falling". So here it is.
1. Jan 2009 – Mar 2010; No exchanges or market, users were mainly cryptography fans who were sending bitcoins for hobby purposes representing low or no value.
2. 2009 Kristoffer Koch was writing a thesis on encryption when he spent about $27 to buy 5,000 bitcoins.
3. March 2010, user "SmokeTooMuch" auctioned 10,000 BTC for $50 (cumulatively), but no buyer was found.
4. Mar 2010 BitcoinMarket.com exchange is the first exchange selling BTC for $0.003.
5. May 2010 was the first world transaction Jacksonville, Florida (Papa John's Pizza) 10,000 BTC for 2 pizzas.
6. July 2010 in five days, BTC grew over 900%, rising from $0.008 to $0.08, appearing to be a bubble.
7. 7 months later Feb 2011 – April 2011 BTC is now $1.00.
8. 3 months after, BTC went from $1.00 to $31.00 on July 8 2011. This was the first bubble which followed a drop in price over a 5 month period to $2.00 (that is 1,550% drop in price. That means BTC latest 60% drop is nothing in comparison to the 1,550% drop.
9. After a year Dec 2012 BTC regained strength and sold for $13.00, which is a gain of 650%.
10. 4 months later April 2013 BTC is $266.00, an increase of 2046%.
11. May 2013 it drops 204% at $130.00
12. Throughout June and July 2013 BTC went as low as $70.00 and as High as $110.00.
13. October $150–$200
14. November 2013 we see BTC rising 1775% from its low point of $70.00 to all time high of $1,242.00
15. November 29 2013 to Dec 2013 prices fluctuated from $500.00 to $1000.00.
16. 2014 to 2015 BTC would see lower lows and lower highs.
17. Mar 2015 BTC hits a bottom of $200.00.
18. BTC starts its road to recovery and finds support at $600.00 in September 2016.
19. BTC grows to $1150.00 by January 2017 and will see another dip within the month to $750.00.
20. May 2017 to September BTC climbs from $2000.00 to $5000.00 only to fall later in September to $2900.00.
21. October will see BTC at $5600.00.
22. The following months would push BTC to an all-time high on Dec 15 2017 to $17900.00.
23. Another correction Dec 29 2017 $13800.00 and again Feb 2018 all-time low of $6200.00.
24. Another correction Dec 18th 2018 $ 3118.69 officially the bottom and end of the bear market.
25. Since the Golden Cross Over April 5th 2019 BTC reached a new high since it’s all time low of last year. April 10th BTC hit $5488 which is a gain of 54%
Looking at the history can tell us what will happen down the road. It is clear that BTC will reach higher highs and will dip from time to time. We can't look short but must look long and HODL. Good Luck!
I thought I would post this for those who seem to look back as far as 2017 and not any further. It gets tiresome when those who see the trees and not the forest and then post, yelling "the sky is falling, the sky is falling". So here it is.
1. Jan 2009 – Mar 2010; No exchanges or market, users were mainly cryptography fans who were sending bitcoins for hobby purposes representing low or no value.
2. 2009 Kristoffer Koch was writing a thesis on encryption when he spent about $27 to buy 5,000 bitcoins.
3. March 2010, user "SmokeTooMuch" auctioned 10,000 BTC for $50 (cumulatively), but no buyer was found.
4. Mar 2010 BitcoinMarket.com exchange is the first exchange selling BTC for $0.003.
5. May 2010 was the first world transaction Jacksonville, Florida (Papa John's Pizza) 10,000 BTC for 2 pizzas.
6. July 2010 in five days, BTC grew over 900%, rising from $0.008 to $0.08, appearing to be a bubble.
7. 7 months later Feb 2011 – April 2011 BTC is now $1.00.
8. 3 months after, BTC went from $1.00 to $31.00 on July 8 2011. This was the first bubble which followed a drop in price over a 5 month period to $2.00 (that is 1,550% drop in price. That means BTC latest 60% drop is nothing in comparison to the 1,550% drop.
9. After a year Dec 2012 BTC regained strength and sold for $13.00, which is a gain of 650%.
10. 4 months later April 2013 BTC is $266.00, an increase of 2046%.
11. May 2013 it drops 204% at $130.00
12. Throughout June and July 2013 BTC went as low as $70.00 and as High as $110.00.
13. October $150–$200
14. November 2013 we see BTC rising 1775% from its low point of $70.00 to all time high of $1,242.00
15. November 29 2013 to Dec 2013 prices fluctuated from $500.00 to $1000.00.
16. 2014 to 2015 BTC would see lower lows and lower highs.
17. Mar 2015 BTC hits a bottom of $200.00.
18. BTC starts its road to recovery and finds support at $600.00 in September 2016.
19. BTC grows to $1150.00 by January 2017 and will see another dip within the month to $750.00.
20. May 2017 to September BTC climbs from $2000.00 to $5000.00 only to fall later in September to $2900.00.
21. October will see BTC at $5600.00.
22. The following months would push BTC to an all-time high on Dec 15 2017 to $17900.00.
23. Another correction Dec 29 2017 $13800.00 and again Feb 2018 all-time low of $6200.00.
24. Another correction Dec 18th 2018 $ 3118.69 officially the bottom and end of the bear market.
25. Since the Golden Cross Over April 5th 2019 BTC reached a new high since it’s all time low of last year. April 10th BTC hit $5488 which is a gain of 54%
Looking at the history can tell us what will happen down the road. It is clear that BTC will reach higher highs and will dip from time to time. We can't look short but must look long and HODL. Good Luck!
Comment:
I did say 2011 to Now but that is incorrect, from the beginning to now.
Comment:
On tarck
Comment:
oops, spell error * track