If a small country or large community (social or business) wanted to use a cryptocurrency, based on bitcoin, then VirtaCoin (VTA) may be ideal for them to adopt. There are a number of reasons for interested entities to look at VirtaCoin, among them the large overall quantity (21 billion) and the availability for a next-to-nothing price. This would make it very easy to acquire and distribute to their population or members in whatever manner they wish to implement it.http://virtamoney.com/THE REALITY OF HOW CRYPTOCURRENCIES WORK
Bitcoin value history (comparison to $) Date Price for 1 BTC Notes Jan 2009 – Jan 2010 basically none No exchanges or market, users were mainly cryptography fans who were sending bitcoins for low or no value.
Feb 2010 – May 2010 less than $0.01 User "laszlo" made the first real-world transaction – he bought 2 pizzas for 10,000 BTC.[72][73]
User "SmokeTooMuch" auctioned 10,000 BTC for $50 (cumulatively), but no buyer was found.[74][75]
June 2010 $0.08 In five days, the price grew 1000%, rising from $0.008 to $0.08 for 1 bitcoin.
Feb 2011 – April 2011 $1 Bitcoin takes parity with US dollar. [76]
8 July 2011 $31 top of first "bubble", followed by the first price drop
Dec 2011 $2 minimum after few months
Dec 2012 $13 slowly rising for a year
April 11, 2013 $266 top of a price rally, during which the value was growing by 5-10% daily.
May 2013 $130 basically stable, again slowly rising.
June 2013 $100 in June slowly dropping to $70, but rising in July to $110
Nov 2013 $350 – $1250 from October $150–$200 in November, rising to $400, then $600, eventually reaching $900 on 11/19/2013 and breaking $1000 threshold on 27 November 2013.
Dec 2013 $600 – $1000 Price crashed to $600, rebounded to $1,000, crashed again to the $500 range. Stabilized to the ~$650–$800 range.
Jan 2014 $750 – $1000 Price spiked to $1000 briefly, then settled in the $800-$900 range for the rest of the month.[77]
Feb 2014 $550 – $750 Price fell following the shutdown of MTGOX before recovering to the $600-$700 range.
Mar 2014 $450 – $700 Price continued to fall due to a false report regarding Bitcoin ban in China [78] and uncertainty over whether the Chinese government would seek to prohibit banks from working with digital currency exchanges. [79]
Apr 2014 $340 – $530 The lowest price since the 2012–2013 Cypriot financial crisis had been reached at 3:25 AM on April 11th[80]
May 2014 $440 – $630 The downtrend first slow down and then reverse, increasing over 30% in
Jan 2021 $20000 - $42000 Jump ATH.
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