Bitcoin 1 cent to $20,000 in 10 years. How ??

[First77]

In 2007, Bitcoin was 1 cent

In 2017, Bitcoin reached $20,000 

How ?? 

[1714777911]

1714777911

[1714777911]

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[boyptc]

Because of the demand, when there's a big demand for something the price will follow as well. And for bitcoin, before it wasn't so popular so even you own 10,000 bitcoins way back 2010 it's not a big deal. But now everyone is treating it with great worth.

In 2007, Bitcoin was 1 cent

Bitcoin was created on 2009 not 2007.

[sopromat]

In 2007, Bitcoin was 1 cent
In 2017, Bitcoin reached $20,000 

Just like the other guy replied to you, bitcoin was created on 2009, and the price was aproximately $0,10 on 2010-beggining of 2011.
But yes, no one knows how it really happened.

[TheQuin]

But yes, no one knows how it really happened.

There may be no consensus on a definitive explanation but there are many theories. My personal take is to agree with the many people who have argued that the growth in the value of Bitcoin has a strong connection to Metcalf's Law.

https://en.wikipedia.org/wiki/Metcalfe%27s_law

Metcalfe's law states that the value of a telecommunications network is proportional to the square of the number of connected users of the system (n²).

Analysis of the number of people using Bitcoin and the price back this up.

[TERA2]

It actually traded as low as 0.0005, maybe lower. when it was just being traded privately.

The real question is, why did it take an entire 9 years to get here and who the hell sold for 0.0005? Bitcoin was always worth this price from the day that it came out.  but it has taken an entire 9 years to build the exchange infrastucture and attract the attention of all of the people to get it here. Thats 9 years of people who have lost to scam after scam to realize that btc was actually a new paradigm and the real thing.