Title: Bitcoin and Euro: Exchange Rate History from the Very Beginning Post by: ViktoriaM on November 20, 2018, 10:46:08 AM Almost 10 years ago, Bitcoin was introduced to the world. It got various reactions: some people did not take it seriously, others started investing. By now, it has become the most famous and expensive crypto coin. But what was it worth when it first appeared?
Short BTC history It all started in 2008, when still unknown Satoshi Nakamoto created a domain and made a link to the coins paper public. A year later, in 2009, BTC was released as an open-source software. However, in 2009, BTC was not traded. Its trade and enlargement has started in 2010. BTC in 2010 This year is a very known one in the BTC history, as the famous Bitcoin Pizza Day has originated at that time. Laszlo Hanyecz, the first buyer of a good with BTC, has paid 10.000 for two pizzas. At that time the spent amount was equal 31. 2011 The coin was just starting its growth in 2011. The average price was 0.7, however, in summer, the price has risen to 23 and then was followed by the first drop to 1.5. 2012 More companies were starting to accept BTC as a means of payment. The highest point in price was around 12, followed by decline to 5.8. 2013 It was the first year when the price for one coin varied significantly. With the lowest point of 52, it was rising to 100 and dropping back to 70. By the end of the year, BTC started to grow quickly, and on January 1st, 2014, its value was already 560. 2014 The year started with the cost growing more, with the maximum value of 647. However, the price did not stay at that point during the whole 2014 by the end of the year, it has dropped to around 250 again. 2015 This year was pretty much calm for all BTC investors the price stayed at around same point of 250. The changes have only started in November, with the value growing again. This time, the coin has reached almost 400 in the end of December. 2016 In 2016, BTC started to reach really high points. Being between 400 - 600 for the whole year, it has surprised everyone in December the price was over 900. 2017 This year is probably considered the craziest one in BTC history. It has started with the coin having a price around 1000. In summer, the cost of 1 BTC has already reached the point of more than 2000, and by the beginning of fall it has been more than 3000. The end of the year has shocked all investors and economists. In November, the price of 1 BTC was more than 7000, and in December it has reached a point of 16.800! BTC in 2018 Despite the great increase in price, BTC did not stay at its maximum point for a long time. At the start of 2018, the price of one BTC was equal 11.751. Then, it has started decreasing to 9000, then to 7000, finally with the price fluctuating between 5000-6000 in Spring. On July 18, the price of BTC is 6330. There are a lot of different predictions currently being made about BTCs future both crash and rise. However, most of the experts talk about the BTCs price increase again. One of the specialists who stayed anonymous has even predicted BTC having a price of $280.000 (around 240.000) by 2023. However, only future will show if it comes true. Source: https://philippines.bc.events/news/bitcoin-and-euro-exchange-rate-history-from-the-very-beginning-94443?utm_source=PR_Marchuk&utm_medium=novosti&utm_campaign=bitcointalk.org (https://philippines.bc.events/news/bitcoin-and-euro-exchange-rate-history-from-the-very-beginning-94443?utm_source=PR_Marchuk&utm_medium=novosti&utm_campaign=bitcointalk.org) |