Bitcoin has reached a massive investor base since last year. However, many of us do not know how to work and how to make a profit. Analyzing price graphs for beginners and understanding trading terms in the financial world can be difficult, so we are examining how Bitcoin has become so expensive over the years.
Bitcoin, invented in 2009, has not been traded on any stock exchange. The first price to register was in 2010. Bitcoin, technically, was 0 during 2009. The price of bitcoin never reached a value of $ 1 in 2010 and it was at most $ 0.39.
Two years later, in February 2011, Mt. Gox touched the stock market. Leading crypto money, the first “balloon” reached 31 dollars and then experienced the first big price drop. Until December of 2011, by more than 95 percent, fell by 2 dolar. Many ideas about the development of Bitcoin have emerged in these days, but they have never been implemented.
Then some people from the community launched their own projects and subcoins appeared. Altcoins are defined as other crypto units outside Bitcoin. In this period, Bitcoin’s value reached $ 1242, the highest level of all time, from $ 2 in December 2011 to November 2013, and then dropped to $ 220 by August 2015.
Along with that, the year 2017 is the year that everything changed for Bitcoin in terms of price movements. Bitcoin, which traded at $ 900 in January 2017, rose to $ 20 thousand by December and attracted a large number of investors. In addition to Bitcoin, the price of Ethereum increased by 9,000 percent in 2017.
The year 2018 brought together a question about the longevity and use of crypto money. Governments will certainly try to regulate trades that will affect their use and price movements. But how does that affect you?