The Rise and Rise of Bitcoin

THE RISE AND RISE OF BITCOIN

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Jan 2009 – Jan 2010

Bitcoin had no value

No exchanges or market, users were mainly cryptography fans who were sending bitcoins for low or no value.

Feb 2010 – May 2010

Bitcoin was valued at less than $0.01

On 22 May 2010, user "laszlo" made the first real-world transaction by buying two pizzas in Jacksonville, Florida for 10,000 BTC! User "SmokeTooMuch" auctioned 10,000 BTC for $50 (cumulatively), but no buyer was found.

July 2010

Bitcoin was valued at $0.08

In five days, the price grew 1000%, rising from $0.008 to $0.08 for 1 bitcoin.

Feb 2011 – April 2011

In just 7 months, Bitcoin value rose to $1 and takes parity with US dollar.

8 July 2011

Bitcoin's value shot up to $31

top of first "bubble", followed by the first price drop

Dec 2011

The value of Bitcoin dropped to $2, just a few months after its first "bubble" 

Dec 2012

Bitcoin started rising slowly over one year to $13 

April 11, 2013

By this time, the value of Bitcoin had risen to $266, growing at a steady rate of 5-10% daily.

May 2013

Bitcoin experiences price stability, even though the value dropped to $130

June 2013

Bitcoin valued at $100.  In June it slowly dropped to $70, but rose in July to $110

Nov 2013

By this time, with the gain in public acceptance, Bitcoin rose from$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

The value fluctuated between $600 – $1000

Bitcoin price crashed to $600, rebounded to $1,000, crashed again to the $500 range. Stabilized to the ~$650–$800 range.

Jan 2014

Steadily gaining value to $750 – $1000

Price spiked to $1000 briefly, then settled in the $800–$900 range for the rest of the month.

Feb 2014

Price stability at the range of $550 – $750

Price fell following the shutdown of Mt. Gox before recovering to the $600–$700 range.

Mar 2014

Bitcoin struggles to maintain its value at $450 – $700

The price continued to fall due to a false report regarding bitcoin ban in China and uncertainty over whether the Chinese government would seek to prohibit banks from working with digital currency exchanges.[8

Apr 2014

Further price drop to $340 – $530

The lowest price since the 2012–2013 Cypriot financial crisis had been reached at 3:25 AM on April 11

May 2014

Bitcoin shows weak signs of recovery at $440 – $630

The downtrend first slow down and then reverse, increasing over 30% in the last days of May.

Mar 2015

Further drop in value to $200 – $300

Price fell through to early 2015.

Early Nov 2015

Bitcoin regains its strength $395 – $504

Large spike in value from $225-$250 at the start of October to the 2015 record high of $504

May - June 2016

$450 - $750

Large spike in value starting from $450 and reaching a maximum of $750. 

Bitcoin is projected to reach $2000 by the end of 2017. Whether we like it or not, Bitcoin is here to stay with us. You should learn how to acquire bitcoins and position yourself for the greatest financial revolution in history. Send an inbox message if you are interested in the making some Bitcoin wealth.

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