Bitcoin Forum

Economy => Speculation => Topic started by: Alpha Marine on January 01, 2024, 12:41:28 AM



Title: Bitcoin Price History
Post by: Alpha Marine on January 01, 2024, 12:41:28 AM
Happy New Year to all Bitcointalk forum members.

In the mood of celebration, I thought we should celebrate how far Bitcoin has come.
A look at the price of Bitcoin by years since its inception would help us appreciate the incredible growth of Bitcoin.

2009:
The first users of this Bitcointalk forum traded over 5,000 bitcoins for $5.02. This makes the price to be 0.00099 per Bitcoin.

https://talkimg.com/images/2023/12/31/IqOQG.md.jpeg (https://talkimg.com/image/IqOQG)

Bitcoin started the new year at $16,537. In the first month of that year, it got to over $20,000. In April it got to $30,231. On the 12th of December, it got to $43k+ the next day it went down again to $41k. Bitcoin ended the year 2023 on $42k+.

These data were gotten from and you can read the full details of Bitcoin prices in the year on.
 Bitcoin Magazine  (https://bitcoinmagazine.com/guides/bitcoin-price-history)
 Investopedia  (https://www.investopedia.com/articles/forex/121815/bitcoins-price-history.asp)
 Bankrate  (https://www.bankrate.com/investing/bitcoin-price-history/)

So you can all see how far the Bitcoin price has come and how volatile it can be. One thing is sure about Bitcoin, however dip it falls, it will still rise again. So it's okay to be scared when hodling Bitcoin, but always have faith that it will rise again.
BUY BITCOIN AND HODL


Title: Re: Bitcoin Price History
Post by: tranthidung on January 01, 2024, 03:44:53 AM
You missed two following topics.

  • A website with a most comprehensive all-time Bitcoin price history chart (https://bitcointalk.org/index.php?topic=5476770.0)
    • https://bitcoin.zorinaq.com/price/
  • Do you know a first Bitcoin exchange? What is it, How it looks like? (https://bitcointalk.org/index.php?topic=5476840.0)

Quote
On 2009-10-05 the market price of Bitcoin is first established at $0.000764/BTC by New Liberty Standard, the first Bitcoin exchange ($1.00 buys 1309.03 BTC.) The exchange rate history is available at two archived pages: first, second. Their last known exchange rate is $0.005472/BTC on 2010-03-02.


Title: Re: Bitcoin Price History
Post by: Nrcewker on January 01, 2024, 12:41:06 PM

So you can all see how far the Bitcoin price has come and how volatile it can be. One thing is sure about Bitcoin, however dip it falls, it will still rise again. So it's okay to be scared when hodling Bitcoin, but always have faith that it will rise again.
BUY BITCOIN AND HODL

Definitely history is the biggest evidence what Bitcoins are capable of. I am assuming 2024 will be big for Bitcoins. As we have seen Bitcoins always follow a 4 year cycle to break its ATH price and 2024 is the 4th year. So I am very much confident that Bitcoins will cross new heights this time. We just need to show faith in Bitcoins and need to accumulate as many Bitcoins as we can. If you want to make the most profit out of it, then we have to buy without thinking twice of the outcome.


Title: Re: Bitcoin Price History
Post by: franky1 on January 02, 2024, 03:43:56 PM
Definitely history is the biggest evidence what Bitcoins are capable of. I am assuming 2024 will be big for Bitcoins.

looking at the 2013 ATH ($1.2k) the 2016 halving year did not surpass $1.2k
the ATH was reached a year after the halving and got to $20k


looking at the 2017 ATH ($20k) the 2020 halving year did not surpass $20k
the ATH was reached a year after the halving and got to $70k

so with that "history repeating itself" speculation
2024 wont exceed $70k but will see a new ATH in 2025


Title: Re: Bitcoin Price History
Post by: kentrolla on January 02, 2024, 05:22:16 PM
Definitely history is the biggest evidence what Bitcoins are capable of. I am assuming 2024 will be big for Bitcoins.

looking at the 2013 ATH ($1.2k) the 2016 halving year did not surpass $1.2k
the ATH was reached a year after the halving and got to $20k


looking at the 2017 ATH ($20k) the 2020 halving year did not surpass $20k
the ATH was reached a year after the halving and got to $70k

so with that "history repeating itself" speculation
2024 wont exceed $70k but will see a new ATH in 2025

Right on spot, I think we need to observe these small but important things because everyone including myself are very much eagerly waiting for bull run post halving but if we look at the history and how the Bitcoin has performed we may not see the new ATH in 2024 but atleast we can accumulate Bitcoin during this phase if we believe in "history repeating itself". Else, we need to be prepared for bull run or even a sideway market, in short let's be prepared for everything and think logically.


Title: Re: Bitcoin Price History
Post by: franky1 on January 02, 2024, 05:40:17 PM
ascii art is not accurate to scale/stat exactness.. its a dumbed down illustration

                /\
             _/  |
          _/      \_         __/   join this end to the beginning to show the cycle
       _/            \_   _/
      /                  \/
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_/
2012  2013  2014  2015
2016  2017  2018  2019
2020  2021  2022  2023
2024  2025  2026  2027
2028