Historical prices of bitcoin

[Twentyonepaylots]

It's not so much a deal but I think this should be here. Bitcoin price calendar stamp in month of October.

2010: $0.06
2011: $5
2012: $12
2013: $127
2014: $383
2015: $238
2016: $614
2017: $4388
2018: $6579
2019: $8317
2020: $10,832

It's noticeable how in 2017 skyrocketed the price of bitcoin, that's when I entered the cryptospace and discovered this forum, I was able to ride the hype the pre pump in September 2017, that was a blast.

Seeing the prices of bitcoin through years makes me think of Moore's law,  you can check it out in google though it was not really doubling the price every year. Is a new law possible for the price of bitcoin like Moore's law?

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[shield132]

We had halving on July 9th, 2016, the price was 650$ but the magic hit in winter and from winter, price went up to the highest one in bitcoin's history. Btw there were still many factors in 2016 that stopped the speed of price rise that includes scam of hashocean and other things that happened.

Your statistics shows that bitcoin only grows and that's not a correct indicator to only look at price stamp of certain months because there was a lot of changes in prices, that includes prices lower than those indicators and higher ones. We had $6579 in 2018 this time but at the same time we don't have to forget that 2017 year played a huge role in it, the rise up to 20K USD. But we had moments like price between 3-4K USD. Also, more than 1 year ago bitcoin hit 14K USD again but still didn't reach to that amount again.

I don't like only looking at numbers because there is history behind every number and there were certain moments that caused those numbers. What about to write price stamps of bitcoin for each month of certain years? Will it look as beautiful and hopeful as October?

[chanler]

If you look at the analysis of bitcoin prices, it is true that from year to year there is always a big increase. I think they are very lucky those who bought bitcoin in 2010 and are still holding it today. Moore's law seems quite right to describe the increase in the price of bitcoin. Because the price has indeed increased many times.

[jackg]

Seeing the prices of bitcoin through years makes me think of Moore's law,  you can check it out in google though it was not really doubling the price every year. Is a new law possible for the price of bitcoin like Moore's law?

It could be some sort of hodl law.

I remember getting here in 2015 (when we were at $150/coin and not knowing where we were going.

At that time I certainly wouldn't have expected it to reach $20k... That'd have been $1.5k to $200k in a rapid amount of time... Who knows, maybe it cna happen again...

[Twentyonepaylots]

Your statistics shows that bitcoin only grows and that's not a correct indicator to only look at price stamp of certain months because there was a lot of changes in prices, that includes prices lower than those indicators and higher ones. We had $6579 in 2018 this time but at the same time we don't have to forget that 2017 year played a huge role in it, the rise up to 20K USD. But we had moments like price between 3-4K USD. Also, more than 1 year ago bitcoin hit 14K USD again but still didn't reach to that amount again.

Don't trying to prove anything from my post though, but I guess the month of October became memorable because of 2017 blast, as we know October that year is really the start of bull run of the most incredible time of bitcoin so far. And I agree there are factors that affected the price, it's too many to mention. It's just that October is memorable.

I don't like only looking at numbers because there is history behind every number and there were certain moments that caused those numbers. What about to write price stamps of bitcoin for each month of certain years? Will it look as beautiful and hopeful as October?

Well noticeably, price in month of October every year is good, maybe the start line of the a good run.

[Lordhermes]

Trying to show someone this increase in price with calculating of profit will certainly blast out the front head of newcomers. Here is the fulcrum support, it's never too late to hodl some amount btc as the price statistics shows exactly how how the price will go in the future.

I guess the month of October became memorable because of 2017 blast, as we know October that year is really the start of bull run of the most incredible time of bitcoin so far.

I just remembered the October memorable part every year that shows sluggish move of bitcoin price, the current price of $10822 had been stagnant for almost three months now, probably this month of October will definitely cause the spike in price.

[taufik123]

Well noticeably, price in month of October every year is good, maybe the start line of the a good run.

If it matches with travel history so far, maybe it will. Because in October it is indeed the starting line for bitcoin bullish until the peak later in December.
Will bitcoin hit a new ATH this year or is there another scenario.

I was on this forum starting in 2016 and did not fully understand what bitcoin was and how to get it. would be very lucky if I had it at a price of $ 614 and it is holding up until now.

[electronicash]

price history seem to indicate its going to keep climbing. if you are not a holder, the best thing to do is just keep looking for opportunities and forsee when its going to drop because almost every time, BTC drops giving everyone a chance.

just like today when Bitmex founder Hayes got arrested and seem like they are going to encounter hard times. the price dips and although its not that deep, its still a good chance. it may actually go below it soon. well hopefully

[Johnyz]

Historically bitcoin is great and I’m happy that I entered into bitcoin hoping also to see such bull market though bitcoin is still struggling to make another bull run but when time comes, new peak will be reach. This year is not that good at all but hoping that we can still end this year with good prices, and up to next year.

[kawetsriyanto]

I don't see some valid sources above. Why don't you enclose them to ensure people that it is the right information and not mislead them? I think it is important as you are talking about historical prices, which means the data of Bitcoin price so far.

~Is a new law possible for the price of bitcoin like Moore's law?

I don't think Moore's law really can be applied to the Bitcoin price? Even you can show us it fits with Moore's law so far, who guarantees the future price? We don't really know what will happen in the next few years. Sometimes what has happened in past may not happen in the same scheme in the future. Please remember that the Bitcoin price is very volatile and unpredictable as well. I don't think it can follow a certain approach like Moore's law. IMO

[pokeronlinestatus]

A lot of the people here are hoping for the price of Bitcoin to go up, but we can’t tell when it’s going to be.
The expectation was high around ending of 2019 and beginning of 2020, plus this Halving and all that, but the covid event wrecked everything and it’s now like we had to go back to square one.

I believe the price will still increase but I don’t know about reaching an all time high price. It has been stable since it dropped to $10,000 and it’s not showing signs that it will go below that, maybe in a few months from now it might go up to another higher price.

[joniboini]

I believe the price will still increase but I don’t know about reaching an all time high price. It has been stable since it dropped to $10,000 and it’s not showing signs that it will go below that, maybe in a few months from now it might go up to another higher price.

The $10k region is acting pretty solid as a support, and at the same time the $11.2k is a tough resistance to beat. The next movement will probably decide whether we go down to $9k again or push all the way up to $12k. A lot of channels are getting positive about the future though.

Btw, maybe try to compare every month instead of October only, it would be a good idea to see whether there is a false narrative of "a price growth every year" or not.

[Oceat]

With that price history I think it is safe to conclude that the closest or next possible price would be around $11k+ or $12k+. This $10k will act as a strong support despite of the FUDs that has been circulating. And we have two more months left before 2021 and I think almost everyone is waiting for that time to come hoping the next bull run to starts the bubble. The speculators are expecting something this year while the others are expecting next year and I am the one expecting a bull market next year.

[jossiel]

I've read and searched it and is that Moore's law has something to increase every two years? If that is so then this isn't the year for it but 2021 which is being expected by many other holders to see that the pump shall come.

Historically bitcoin is great and I’m happy that I entered into bitcoin hoping also to see such bull market though bitcoin is still struggling to make another bull run but when time comes, new peak will be reach. This year is not that good at all but hoping that we can still end this year with good prices, and up to next year.

Bull run comes occasionally. It won't be balance anymore if there's a bull run for each year and it has go through bearish sequence but we can count on bitcoin as a volatile asset, it comes unexpectedly.

[btc-facebook]

I don't really understand Moore's law what you mean, but if we look at the history of bitcoin based on the annual chart, every 4 years the price of bitcoin always rises after the halving occurs,
but this can happen when demand for Bitcoin increases, in this period October is the month of determination for bitcoin to continue its trend, whether it will be bullish or bearish.

[pooya87]

Your statistics shows that bitcoin only grows and that's not a correct indicator to only look at price stamp of certain months because there was a lot of changes in prices, that includes prices lower than those indicators and higher ones. We had $6579 in 2018 this time but at the same time we don't have to forget that 2017 year played a huge role in it, the rise up to 20K USD. But we had moments like price between 3-4K USD. Also, more than 1 year ago bitcoin hit 14K USD again but still didn't reach to that amount again.

if you ignore the over-priced (bubbles) and under-priced (reverse bubbles) states of the market during the past 11 years and look at the charts again you can clearly see that the price has always been going up. for example $20k was not a natural price. it was way above bitcoin's intrinsic value. similarly the $3k price in 2018 was also unnatural but this time way below the bitcoin's intrinsic value. these are unstable states that market enters from time to time thanks to overly excited day traders that also won't last. they don't represent real value of bitcoin.

[Question123]

It's prove that bitcoin is good opportunity or to invest to your money because count to think of it from cents to ten rhousands dollars that's makes you millionaire if you bought bitcoin in 2009.

People are like to go back to that year because price is very cheap and no one gonna find out what happens after more than 10 years if we know price is rising for sure we buy a lot of bitcoins and we earn millions of dollars for this now but we can do that but a low percentage to happen but the good with is we are earning money because of the bitcoin and Im contented with this and hoping bitcoin will live long and price continue increasing.

[BrewMaster]

it all comes down to two very simple things: utility and adoption.
bitcoin has been offering a very unique payment system that has nothing similar to it. the decentralized global currency is new and has not yet been adopted properly.

these two means bitcoin has a ton of potential that is going to slowly show itself mostly in form of its price going up over the long term. that is why most people invest in bitcoin instead of busying themselves with short term price changes.

when you add the  fact that bitcoin has a limited supply, you can see that this kind of price rise over time is not surprising at all.

[sheryllanka]

i agree with that bitcoin price starting 2010 it is 0.06$ and it will grow yearly until it will reached 20000$ in 2018 but on 2019 it will flack at a lowest price in 3000$ but now on it will go up in this year it will go around 10000$ and still up slowly

[bitmover]

It's not so much a deal but I think this should be here. Bitcoin price calendar stamp in month of October.

2010: $0.06
2011: $5
2012: $12
2013: $127
2014: $383
2015: $238
2016: $614
2017: $4388
2018: $6579
2019: $8317
2020: $10,832

While people love to talk about bitcoin highs, it is also amazing to look at bitcoin lows

Take a look at the minimum value per year in bitcoin



We are in a strong uptrend