Bitcoin Price and event timeline points
G here.
Today we're going to take a look at the price of bitcoin in regards to it's fundemental events which allowed it to grow everything fro its humble beginings to its parabolic rise in price this year of over 1000%
Bitcoin and it's price is a roller caoster i am glad to be part of:
(October 28th 2008) – (price $0.00 cents) - Bitcoin is introduced as first application on the Block-Chain.
(January 16th 2009) – (price $0.03cents) - Bitcoin v0.1 released and the genesis block is established
(May 4th 2010) – (price $0.05cents) - First Bitcoin purchase is made – 10,000 Btc for a pizza (total value of 100 million dollars at todays prices!)
(December 1st 2010) – (price $0.22cents) - Bitcoin is still traded and bought for under a dollar.
(Febuary 18th 2011) – (price $.99cents) – Bitcoin reaches Parity with the U.S Dollar.
(September 22nd 2012) – (price $12.29) – Creation of the Bitcoin foundation, which standardizes protects, and promotes the use of bitcoin and it's blockchain technology
(October 6th 2012) – (price $11.79) - BitPay now claims 1,000 new merchants acce
pting Bitcoin Payments(March 3rd 2013) – (price $42.36) - Bitcoin's market cap exceeds 1 billion for first time.Cryprus Bank bails-in and everyone is now looking for a new store of value sound money sound famillar?
(April 10th 2013) – (price $143.91) – Bitcoin prices SOAR well over 250$ U.S Dollars
(August 1st 2013) – (price $96.35) – Associations in the middle east and Isreal Rule that bitcoin is now "An appropriate form of payment" and authorzie payment with bitcoins
(October 23rd 2013) – (price $183.07) - Arrest of Ross Ulbricht for his site the SilkRoad which gave the freedom to anyone to exchange goods,
(November 3rd 2013) – (price $1281.89) – Bitcoin Prices Moon past 1200$ U.S Dollars
(December 12th 2013) – (price $898.36) - Etherum project is launched, and aims to provide a platform for Decentralized applications
(December 14th 2013) – (price $638.98) - Roughly 68% of the transactions worldwide seem to be handled by famous cryptocurrency exchange MT.Gox
(December 24th 2013) – (price $716.42) - China Officially Ban Chinese Financial institutions from handling bitcoin transactions
(March 2nd 2014) – (price $630.25) - MT.Gox announces shutdown due to massive losses of liquidity due to incompetence the loss at that period was a staggering 473 Million dollars U.S. And files for Bankruptcy Protection
(May 22nd 2014) – (price $594.65) - McLaughlin and Stern Becomes the first major U.S law firm to accept bitcoin payments
(January 1st 2015) – (price $278) - Bitcoin is declared best preforming currency of the year.!
(July 15th 2015) – (price $ 280) – Etherum Genesis block is created and introduces smart contracts the first ever Turing Complete Smart Contracts
(August 22nd 2015) – (price $224) – It is now estimated that 160,000 merchants now use and accept bitcoin.
(January 1st 2016) – (price $429) – Bitcoin is declared best preforming currency for a second year in a row
(January 1st 2016) – (price $429) Winklevoss Twins also know for their role in FACEBOOK Release Crypto-currency exchange known as Gemini.
(March 2nd 2016) – (price $413) - Japan Cabinet Approves Bill to recognize virtual currencies as REAL money
(April 20th 2016) – (price $454) - Major gaming platform STEAM now accepts bitcoin as a form of payment
(June 18th 2016) – (price $662.42) - Zug, Switzerland accepts Bitcoin for goverment services Etherum smart contract gets hack due to lack of testing and Community creates Etherum Classic (ticker ETC)
(December 8th 2016) – (price $1030) – Bitcoin breaks $1,000 U.S dollar for the first time in three years after a long bear market , Top 7 crypto Currencies establish themselves and ALL gain value (Dash, Etherum Classic, Monero, Litecoin, Ripple, Etherum, Bitcoin).
(May 5th 2017) – (price $1,882) - Japan Legalizes Bitcoin the price holds steady at $1,250 U.S dollar , Over 1000 Different Crypto Currencies are now in the market, all with different purposes but exceeding the market cap and exposure of crypto- currencies around the world
(June 20th 2017) – (price $2,575) – Russia Announces plans to legalize bitcoin in year 2018, - and meets with creator of Eterum Vitalik Butterin to disscuss possibility of creating a Country Sovereign Crypto-currency the Crypto Ruble
(July 1st 2017) – (price $2,653) – India to Legalize Bitcoin, and Hedge funds start to appear at an insane amount with new money. Massive Coorperations like Fidelity are now admitting to mining bitcoin and crypto-currencies
(July 22nd 2017) – (price $2,810) – Bitcoin softforks and hardforks are new to the crypto space and provide it's users with dividends – Sound money with interest ! - BitcoinCash Announced - Marketcap exceeds $100 billon
(August 1st 2017) – (price $2,718) – Bitcoin Softfork works well and BitcoinCash is launched. Initial Coin Offering Craze : Several companies raise large amounts of money (as much as $232 million inn 10 hours) through intial coin offerings without having to show any product
(September 15th 2017) – (price $ 3,637) - Hardforks are the new way to launch value, altcoins are now a thing of the past. Forks like Bitcoin Gold are accounced
(December 2nd 2017) – (price $10,000) – FOMO (Fear of missing out) is Kicking in everyone on the news and everyone around is talking about crypto the media is piling is on and refueling rockets – YOU still have a chance to climb aboard!
i most probably missed out on a few keyevents but i threw up in content what i remember from past expirence or have read