Bitcoin Evolution

[Sonaile]

Bitcoin right now has affected people in good and bad ways, since some of them uses cryptocurrencies as a source of income.i buy the dips.

[DipDare11]

I think that now everything is not so simple, and we will expect many interesting and not very twists. The cost will rise, the cost will fall, the main thing is to stick together)

[kiemponxs]

bitcoin has always evolved year after year, and bitcoin is getting better until now and I believe that bitcoin in the future will get better, many people will use it as a transaction asset or tool, because bitcoin generates a lot of benefits for its users.

[Ahsan Aly]

Yeah, it is a great journey of Bitcoin. Quite successful, limitless, and most famous crypto currency. Bitcoin was so strong initially as we compare to other crypto currencies. There was so rise & fall during BTC trading but really appreciated hodlers done great job. BTC stake holders had done great efforts for the success of Bitcoin.

[BrewMaster]

Unlikely to be a coincidence. At the time there were many factors influencing price pump and drop.

the spark of the match was asics. but how big the flame of the 2013 ATH was as you said due to a few speculative factors that over priced it. which is why it corrected dow nonce the flame blew out

the biggest force behind the 2013 bubble was Mt Gox and their fake pump of the bitcoin price with the power that they had at the time thanks to them controlling near 80% of the total market volume.

[feather7789]

It is really good growing of btc from fast few years, it will change the world as digital world so we can invest and earn good profit.

[SandraStark]

Various sources say that over the past ten years after the crisis, many alternative asset classes have developed around the world, leading to the emergence of digital assets, which are the newest class with unique characteristics and traits that have no analogues in the past generation of technologies. Bitcoin is an example of one of the most common cryptocurrencies today in terms of market capitalization and network size. He certainly has a future, with the same ups and downs. In fact, whatever analysts and cryptocurrency holders say, but this is not the place to talk about stability and make predictions for the future.

[oseikuf44]

Bitcoin has come far and the future looks like the whole government and financial institution adopting it to suit their local monetary policies demands. Bitcoin will in the future be accepted by the mainstream as the best money remittance with much freedom and affordability

[figmentofmyass]

the spark of the match was asics. but how big the flame of the 2013 ATH was as you said due to a few speculative factors that over priced it. which is why it corrected dow nonce the flame blew out

the biggest force behind the 2013 bubble was Mt Gox and their fake pump of the bitcoin price with the power that they had at the time thanks to them controlling near 80% of the total market volume.

you got a source for that volume claim?

i really have to disagree with the emphasis on mt gox. huobi and btc-china were huge drivers of the 2013 bubble. i was trading back then and they consistently led the market. i think people focus on mt gox because it was the largest exchange for western traders. it's a very western-centric view.

and the thing about the willy bot---or "tether printing" and other similar manipulation narratives---is that real traders and investors were paying those prices. people like me across the world were trading those order books, not just the willy bot. it may have played some role but it definitely didn't cause the bubble.

[zeingrind777]

2018 so far;
This year has been my favorite crypto year (my only year actually as I joined late) and it has had the most stability and it's support level has held off higher than any other year.
Some would argue that it has been a bearish year, especially when compared with.2017, but it has also renewed interest on the product and not just the profit.

What do you think the future holds...

In my opinion, Bitcoin in the future will be used as a means of payment like money. Bitcoin is no longer used as an asset that is easily traded and traded. Making Bitcoin a digital asset traded on several exchanges will make its value unstable and very volatile. So in the future, every store and company will accept bitcoin as a payment instrument.

[Jeroiswen]

Bitcoin evolved over time, since its introduction in 2009 by by Satoshi Nakamoto. Flash forward form 2013 to 2018 and we can see bitcoin has stabilized quiet a bit and has a foreseeable future .

[Micronometer]

Great topic for the new comers and also a brief history lesson for all of us in the community. The future seems to great for bitcoin as it seems to becoming stable.

[Antinomist]

Very useful post for newbies. A lot of things are explained concisely. However I would rather not call it an evolution because it's only been a decade and although bitcoin has achieved many thing, it is yet to go under evolution big time

[Mr.Boring007]

A very nice post indeed. The new comers and even the old ones will get a lot of informations. But it should be noted that bitcoin still has a long way to go and will achieve even bigger things.

[Peacemaker1994]

The future of bitcoin is unpredictable just as its rise was not predicted the stages of bitcoin has been a high rising one from day one although some obstacles has come it's way but it found a way to stabilize it. So judging by that fact we hope the future is bright

[cafechino]

Now we can see evolution of bitcoin is very good compared to history, it has reached better attention to the world now. the development is also make huge difference. 

[J Gambler]

Bitcoin has evolved on different frontiers over the years; project development, value, public opinion, government interest, and of course there's the nay sayers constantly puzzled while it's still existing and always predicting it's end.

Early days (2009 - 2010)
Bitcoin did not always receive this attention, it was launched in January of 2009, by Satoshi Nakamoto  few months after the domain name bitcointalk.org was registered. Most of its users then we're tech inclined individuals some who did it for fun as a hobby


Bitcoin had it's first ROI in mid 2010 as it gained parity with the USD. After then it experienced a steady rise in users and the community started to grow. The first major setback came in August  2010 when an error in the system which allows users bypass economic restrictions was exploited and 184 bitcoins was generated.

This was also the year were Satoshi stepped down for the reins and faded into obscurity, apparently handing over to Graven Anderson who was the lead technological expert

Notwithstanding, popularity and confidence continued to grow and agencies started accepting bitcoin as donations, merchants started to slaowly wake up to it and some companies even offered her workers the option to take home a part of their salary in bitcoin.

2011 - 2013
In the price front, bitcoin grew exponentially during this time and also dropped as rapidly.
It reached $31 in 2011 dropping to $2 at the end of the year.
2012 was a slow year.
Then there's was a split in bitcoin transaction log during early 2013 and for a few hours, there were two bitcoin networks operating simultaneously.
This sparked off a very volatile year for bitcoin peaking at $1242 but also dropping  very suddenly. It was basically a pump and dump scheme during this time.
In the area of adoption there was steady growth during this time. Coinbase recorded selling $1million worth of bitcoin in a single month in 2013 and the open source code allowed organizations and platforms to freely use the system.

Mid Time (2014 - 2016)

This period was also met with even greater adoption as more outlets, merchants, companies, agencies and by now governments were getting actively involved in bitcoin.
It was no longer viewed as a pump and dump scheme but a valid investment option and an asset class.
Price movements were slow with reduced volatility compared to previous years (although still high) ranging from $200 - $800 during the time.
Now in addition to tech gurus, investors, traders, and individuals were getting interested.
Documentaries based on bitcoin were also released during this time.

2017;

Bitcoins legitimacy continued to grow and it gained credence, adoption also continued to grow rapidly with interest from all corners, academic and legislative. Governments were getting more actively involved as well.
And in March, it eclipsed the then peak set at 2013 ($1242) and this set of a massive surge which saw a new peak of $17900 set in Nov of 2017, which remains the current peak till today.
This was also the year of ICOs as bitcoins rise encouraged and supported similar rise in other digital currencies. This was the year bitcoin announces itself again to the world. And the issue of scalability became more prominent  as the protocol was struggling to cope with increased usage.
In 2017 BCH, BitcoinCash was forked out of bitcoin and this increased a single blocksize to 8MB. We have had other forms since then.

In between all these were important but too numerous to mention all, there was the costliest pizzas ever bought also the whale who was 'schooled' when he/she tried to manipulate and drop the price, and also reports of hacks with millions of dollars worth of bitcoin stolen.

2018 so far;
This year has been my favorite crypto year (my only year actually as I joined late) and it has had the most stability and it's support level has held off higher than any other year.
Some would argue that it has been a bearish year, especially when compared with.2017, but it has also renewed interest on the product and not just the profit.

What do you think the future holds...

Yes, you are correct. However, we don't know what will be the price of Bitcoin in next year or in next decade maybe. What if the Bitcoin will fall down to $10 each? Or maybe $100000? We don't know. But as far as we are still investing or using Bitcoin, bitcoin will still continue.

[Siti Nurbaya]

There are times that can make bitcoin soar, every year there is certainly an event that is able to awaken the future of this coin. The evolution of bitcoin always has a good impact on the development of technology.

[Hivalley]

Bitcoin has evolved tremendously since its inception in 2009,it has had numerous phases, but favorable and unfavorable,but despite all this it keeps making more and more waves in more and more places

It's now so obvious that the future holds so much for this network

[VanityWallets2015]

Bitcoin has evolved on different frontiers over the years; project development, value, public opinion, government interest, and of course there's the nay sayers constantly puzzled while it's still existing and always predicting it's end.

Early days (2009 - 2010)
Bitcoin did not always receive this attention, it was launched in January of 2009, by Satoshi Nakamoto  few months after the domain name bitcointalk.org was registered. Most of its users then we're tech inclined individuals some who did it for fun as a hobby


Bitcoin had it's first ROI in mid 2010 as it gained parity with the USD. After then it experienced a steady rise in users and the community started to grow. The first major setback came in August  2010 when an error in the system which allows users bypass economic restrictions was exploited and 184 bitcoins was generated.

This was also the year were Satoshi stepped down for the reins and faded into obscurity, apparently handing over to Graven Anderson who was the lead technological expert

Notwithstanding, popularity and confidence continued to grow and agencies started accepting bitcoin as donations, merchants started to slaowly wake up to it and some companies even offered her workers the option to take home a part of their salary in bitcoin.

2011 - 2013
In the price front, bitcoin grew exponentially during this time and also dropped as rapidly.
It reached $31 in 2011 dropping to $2 at the end of the year.
2012 was a slow year.
Then there's was a split in bitcoin transaction log during early 2013 and for a few hours, there were two bitcoin networks operating simultaneously.
This sparked off a very volatile year for bitcoin peaking at $1242 but also dropping  very suddenly. It was basically a pump and dump scheme during this time.
In the area of adoption there was steady growth during this time. Coinbase recorded selling $1million worth of bitcoin in a single month in 2013 and the open source code allowed organizations and platforms to freely use the system.

Mid Time (2014 - 2016)

This period was also met with even greater adoption as more outlets, merchants, companies, agencies and by now governments were getting actively involved in bitcoin.
It was no longer viewed as a pump and dump scheme but a valid investment option and an asset class.
Price movements were slow with reduced volatility compared to previous years (although still high) ranging from $200 - $800 during the time.
Now in addition to tech gurus, investors, traders, and individuals were getting interested.
Documentaries based on bitcoin were also released during this time.

2017;

Bitcoins legitimacy continued to grow and it gained credence, adoption also continued to grow rapidly with interest from all corners, academic and legislative. Governments were getting more actively involved as well.
And in March, it eclipsed the then peak set at 2013 ($1242) and this set of a massive surge which saw a new peak of $17900 set in Nov of 2017, which remains the current peak till today.
This was also the year of ICOs as bitcoins rise encouraged and supported similar rise in other digital currencies. This was the year bitcoin announces itself again to the world. And the issue of scalability became more prominent  as the protocol was struggling to cope with increased usage.
In 2017 BCH, BitcoinCash was forked out of bitcoin and this increased a single blocksize to 8MB. We have had other forms since then.

In between all these were important but too numerous to mention all, there was the costliest pizzas ever bought also the whale who was 'schooled' when he/she tried to manipulate and drop the price, and also reports of hacks with millions of dollars worth of bitcoin stolen.

2018 so far;
This year has been my favorite crypto year (my only year actually as I joined late) and it has had the most stability and it's support level has held off higher than any other year.
Some would argue that it has been a bearish year, especially when compared with.2017, but it has also renewed interest on the product and not just the profit.

What do you think the future holds...

Year 2009 is still the tremendous and the remarkable year in the history of crypto currency as this is the year when the bitcoin was invented by its so called founder SATOSHI NAKAMOTO,and 2009 will be the remarkable year in the history of economic world also , once it will get legalised all over the world, so the bitcoin evolution follows the same human evolution phylogenetic pattern and has evolved fmwith very fast rate as it was never that easy to have millions of haters to millions of investors all around the world.