How did Bitcoin's price develop from 2009 to 2017?

[Mishi Lorana 717]

On 12/24/2019 at 1:23 AM, Beromnia said:

Greetings, my friends

 

In 2009, the year Bitcoin was created, no one could have thought that it would gain this popularity. Its initial price was about $ 0.0001. Over the next five years there were no major events, so the price slowly increased with little fluctuation.

 

In 2013 Bitcoin attracted a lot of attention due to the Cyprus banking crisis. In November 2013, the Chinese started to buy bitcoin in bulk and the price increased by 1,000 percent. However, this did not last long.

 

In February 2014, there was a denial of service attack on the servers of the MTGox Stock Exchange. At the time, the stock exchange controlled about 60 percent of Bitcoin transactions. The attack hit Bitcoin hard, and the price dropped by 40 percent. Throughout the year, until January 2015, the price continued to decline.

 

During 2015 Bitcoin gained popularity slowly but strongly and during that year the price started to rise little by little.

 

Since May 2016 Bitcoin has gained the confidence of more and more people, and its price has continued to rise.

 

In June 2017, the market witnessed a dramatic decline and the price decreased by 14 percent. Today Bitcoin is regaining its position.

Hello my friend, thank you for sharing this information about Bitcoin and its rates from 2009 to 2017. Literally it is an awesome and very knowledgeable topic because most of the people don't know the background of BTC and its track record.

[Michael098 58]

Nobody was keen on bitcoin when his cost was 0.001 in 2009, however following 8 years and precisely in 2017 his cost expanded to 20k dollars, and everybody turned into a searcher for him, a debt of gratitude is in order for this informations

[Haafi 439]

No one control the prices of bitcoins. The prices of bitcoins are only controlled by the forces of demand and supply. When the demand for bitcoin increase then definitely the prices will increase. So from 2009 to 2017 the demand for bitcoins have been increased significantly so the prices also increased and it is getting more and more popular.

[Khan Zak 74]

Thank you so much for the information dear mate!

Actually the beginning of anything is the ultimately ending of anything and thats ending is the reason for not accepting the anything new .whenever we deny to accept anything new it means we are not agree to accept the end of anything else. And same is the case was with crypto currency but with the passage of time we realised that the traditional currency is no more attractive as compared to crypto currency so we started to accept it. 

Anyway is was generally speaking. 

[Haydara 180]

Greetings to you my dear friend, this article is important because it contains a set of useful details, thank you for this good topic, I hope that everyone reads carefully

[Salena 338]

On 12/24/2019 at 1:23 AM, Beromnia said:

Greetings, my friends

 

In 2009, the year Bitcoin was created, no one could have thought that it would gain this popularity. Its initial price was about $ 0.0001. Over the next five years there were no major events, so the price slowly increased with little fluctuation.

 

In 2013 Bitcoin attracted a lot of attention due to the Cyprus banking crisis. In November 2013, the Chinese started to buy bitcoin in bulk and the price increased by 1,000 percent. However, this did not last long.

 

In February 2014, there was a denial of service attack on the servers of the MTGox Stock Exchange. At the time, the stock exchange controlled about 60 percent of Bitcoin transactions. The attack hit Bitcoin hard, and the price dropped by 40 percent. Throughout the year, until January 2015, the price continued to decline.

 

During 2015 Bitcoin gained popularity slowly but strongly and during that year the price started to rise little by little.

 

Since May 2016 Bitcoin has gained the confidence of more and more people, and its price has continued to rise.

 

In June 2017, the market witnessed a dramatic decline and the price decreased by 14 percent. Today Bitcoin is regaining its position.

Thanks dude for such an useful information about crypto and telling us crytpo's journey and now i also saw in 2020  bitcoins rate are very low through out but from December 2020 bitcoins rate are getting high day by day

[Faheem Akhtar304 915]

As the demand and supply of btc kept on incresing year after year and the world became aware of the worth of digital currencies the price and worth of the currencies go on increasing and in 2017 it raised to high levels but now a days we can see that it has lifted its price and hited the record breaking price of 35000$

[Shane Watson51 75]

It's the magic of blockchain generation it is approximately 8 years from the start and the fee is develop approximately one hundred tens of thousands and thousands a time and nonetheless in progress,there is lots of reality approximately this the primary abd the mist essential in my view is the entire deliver of bitcoin precisely 21 million it is very low  that why it very demanding

[Mrrobert 244]

Encryption in the context of the war against it the argument is always reputation and when the numbers of investing are decreased to the Bitcoin and the Bitcoin supply is limited.

[Duddi01 401]

Dear friend post is very good and informative the beginning the price of bitcoin is very low and with the passage of time it's price becomes high because more people's invest their money in cryptocurrency and now it is becoming more popular in all over the world. 

[Sunnykhan01 4]

Every member should read this sort of information it can help you in many ways learning the basic is important specialy for newbies like how have less knowledge gaining more and more knowledge will help us to earn and may be it get one's interest in trading.

[Edwinvicky 819]

It is base on demands and supply, as long as many people are interested in the project, and keep buying and selling i.e trading the commodity, the price will surprise and get higher. That is how bitcoin became the legends of all cryptos.

[Devan 7]

 Bitcoin has had a very volatile trading history since it was first created in 2009 .The digital cryptocurrency. Has seen a lot of action in its fairly short life 

[alialyousef123a 111]

Really valuable information. Everyone should know the history of cryptocurrencies so that the work is informed and not ignorant .. Thank you

[Iamshah 73]

Bitcoin become more mainstream and grow up quick in light of the fact that numerous individuals use it as elective pay and installment, that is the point. They use all that likelihood to raise the higher benefit use bitcoin. Engineer, trades, purchaser, vender and government participate to create bitcoin depend their capacity and capacity. I regard that and I trust bitcoin will have incredible future in long tern period.

[Nour22 252]

Yes, my friend, you are right, because the price of bitcoin in recent years has fluctuated between high and low, but at the end of 2020 and the beginning of 2021 its price began to rise, and this indicates an increase in its popularity and attracting many people to deal with it and I hope that it will remain with this progress

[Kantama 23]

Thanks mate, your write-up is indeed educative because I have learned much about the development of bitcoins since 2013. Although I'm still new on the forum because I joined the forum less than two weeks so if not for your post, I wouldn't have any single idea on bitcoins. Thank you so much for sharing this useful idea on the post.

[GhadeerEsber 89]

My friend, do not believe the amount of information I gained through the post. I have a wonderful idea about the life path of Bitcoin and how I should be careful with this currency and follow the fluctuations of the price of cryptocurrencies

[fahima000 160]

The market indicators about bitcoin is always positive and more people invest in bitcoins daily basis and earn more profit due to high demand in crypto market. This is the best way of earning if you trade with crypto. The crypto is more liquid business. The price of bitcoins remain high due high demand of bitcoins in market.

[sultana555 159]

Innovative information. During this time I read on the Wikipedia site but I did not find the initial price of bitcoin, yes bitcoin has the largest amount of supply of all cryptocurrency that is affected by all bitcoin trading reaching a pretty fantastic value. I think the biggest whales still hold below the lowest bitcoin to date and hold bitcoin for long-term investment.

[salma777 155]

Considering this information i can say that bitcoin market is way more growing faster then its expected .nowdays everyone is trying to get hand on earning bitcoin as from 2009 the price from few doller to 10000 doller in late 2019 .its really growing

[BhenGhix 804]

Gradual strong evolution is absolutely the secret.

It is no longer news to us about the inception of Bitcoin and we can as well justify that it's value has massively increase compare to the first time of it's origin and what i want to conclude with here is; Collectivity that the currency got is what actually guarantee that.

[Bolubobo 319]

Back then in 2009 no many people knew about btc or even had interest in it not until it started increasing in price as a result of increased demand

[Rabbi6860 150]

They use everything possibility to raise the higher profit use bitcoin. Developer, exchanges, buyer, seller and government take part to develop bitcoin depend their ability and function. This change in the price of Bitcoin seems magic to me. When bitcoin prices were low in 2009, people were not interested in it. This is the best way of earning if you trade with crypto. The crypto is more liquid business. 

[Alerr 6]

Bitcoin price develops because of our support and also on bitcoin halving that have big impact even in social media and also in mainstream news like in television, radio and many more.