Sunday , March 7 2021

Additives and Bitcoin price pressures throughout its history CryptoNews

The latest news from the cryptocurrency market accounts for one of the most significant bitcoin prices dropped this year, despite the downward trend in 2018.

This situation, which has worsened in recent weeks, has ignored investors' alarms, leading a lot to a feeling of award, an attitude that could involve throwing in the towel and not waiting for recovery rates. Fortunately, there are many "hodlers", Willing to stay in resistance and keep their cryptocurrencies, coping with the collapse of the crypto market.

Among the recommendations that many experts offer, as part of the strategies to manage this period are low, do not panic and have patience.

Information about the behavior of this market, in its short history, may be useful, in order to take this experience as normal. To do this, it's worth checking Bitcoin's price history, characterized by the very high number over the last 10 years. It's about characterized circles cryptocurrency and that shows that the current resistor does not occur first, and it's probably the last one.

June 2011, lto fall first great

Although the cryptocurrency was born in 2009, its quotation history has been available since August 2010, when accessing the graphics of the BuyBitcoinWorldwide website, although the cryptoactive is beginning to be permanently traded in establishing important exchange houses in 2013.

Before that date, price was raised through negotiationspecific events related Bitcoin, such as a BTC 10,000 exchange for two family bits in May 2010 or buying 5,000 BTC for 150 Norwegian crowns, 27 dollars in 2009. In both discussions, a BTC unit was quoted at about 0.5 cents. .

Y February 9, 2011 price Bitcoin more than the price, for the first time 1 dollar, remain more or less stable in that quotation the following months, until they begin to rise slowly in May and reach a peak of 29.6 dollars on June 8, 2011.

Price for Bitcoin for mid-2011 Source: CoinMarketCap

After this rise, lto fall first great of prices Bitcoin happenedor el 11 June 2011, when it was marketed at $ 14.6 dollars to start a decline with low costs down to reach $ 6.55 in August 2011 and reached its lowest point in November of that year, when quoted at $ 2.00.

The downturn was more than 90% and affected many early investors. According to the analysis, this cancellation period, in June 2011, is associated with publishing a report on Y Silk Way, A famous black black Market that has already closed, on June 1 of that same year. It was then argued that transactions on the site were made "under nickname and in bitcoins", highlighting the cryptocurrency.

Y ups a downs o 2013

Months after getting the bottom at $ 2.00 per unit, in November 2011 the recovery market with Bitcoin began to grow about $ 4 at the end of that year, trading more than $ 7.00 in January 2012. However, after reaching almost $ 7.40, he had a new reduction to $ 4 in February.

Despite this, maintain constant growth in the second half of the year and ending 2012 with a value of more than $ 13. It was 2013 when the cryptocurrency had a second increase and a big fall, having remained more or less consistent between 2012 and 2013.

Beginning 2013 represented a higher step for the cryptocurrency starting at $ 49. But one second great raise a fall happening 9 April 2013 When, after a number of progress, Bitcoin reached a peak of $ 230 i fall, just a week later, The up to 68 dollars.

Bitcoin Price for April 2013, according to CoinMarketCap

The exchange of housing design and the increase of the cryptocurrency trade are taken as one of the causes of Bitcoin growth, resulting in more media coverage, which contributed to the price that overcomes the $ 200 barrier and reaches the 3 digits.

The analysts were also related to this situation to the financial crisis held in Cyprus, for 12 days, citizens were suspended from raising funds in the bank. That meant, conditionally, many Cypriots came to Bitcoin to defend themselves.

Anyway, the biggest drop in that year it happenedmuch nOctober to December from 2013, when the price came to $ 1,200, after taking several months at levels of up to $ 100. The top peak was December 4 with a price of $ 1,147 and then falling on December 6 to $ 694.

Bitcoin broke $ 1000 in 2013, according to the CoinMarketCap chart

After that date, the cryptoactive tested up to $ 522 in mid-December 2013. A new decline, at the beginning of January 2014, came to the price almost $ 300.

Y hack a Mt. Gox a fall o 2014

The price of the cryptographic money had improved at the end of January 2014, growing around $ 900 to fall in February to just over $ 500 (a reduction of almost 50%).

Price Bitcoin for February 2014, according to CoinMarketCap

This came low after the scandal of the exchange house cut Mt. Gox, announcing that this first platform of buying and selling bitcoins – and one of the most popular at the time – has been hacked. The case took the headlines after the disappearance of 850,000 bitcoins, quoted for February 2014 in $ 450 million dollars, plus $ 27 million in cash.

He declared the bankruptcy exchange house before these events, and 200,000 bitcoin was restored later. From that date to date the users have gone to the courts to recover their money and the current trust commissioner of the exchange office has sold part of the cryptocurrencies to compensate for the some affected.

This event set a negative precedent, creating doubts about Bitcoin security and damaging the cryptocurrency value. The remainder of that year ranged from $ 300 to $ 600. From 2014 onwards Bitcoin only once again than $ 1,000 in 2017.

2017: great year Bitcoin

The most well-known increase in cryptoactive prices was 2017, a year that saw the growth and development of the sector at levels that were not in the forefront, with the growth of more and more interest in the number of exchange houses around the world. the market for cryptocurrencies.

From that year, Bitcoin has a quotation of more than $ 1,000 with a record of $ 1,200 in February, and it was surpassed when it reached $ 2,000 in May. This amount continued to promote the following months until it would exceed 7000 dollars in November and reach the historic maximum of almost $ 20,000 in December 2017.

Bitcoin Price for December 2017, according to CoinMarketCap

The launch of the Bitcoin future among drivers is the big increase in 2017. This fact, according to an investigation conducted by the San Francisco Federal Reserve Bank, shows how the introduction of financial instruments that had already been outside of & The cryptocurrency negotiations have an impact on the price of market price crypto.

2018: Low prices, growth of the sector

After raising as a foam at the end of 2017, in 2018 begins a period of continuous decline that has reached the lowest points in November, when it has already dropped below $ 4,000. This decline was seen as a blow to investors. After being worried, to date in 2018, the price will return to the levels reached in December 2017.

However, despite the refusal, it's worth considering the growth that the crypto market has currently reached in the history of Bitcoin, which helps to see this reduction as part of the natural circles that the cryptoactive has followed in these years The growth of the crypto market is shown in the following graph BuyBitcoinWorldwide, reflecting that the price of bitcoin has increased by 148,770% per cent in the last 7 years:

Percentage increase in Bitcoin price by BuyBitcoin Worlwide

The table shows the price increase of Bitcoin, in dollars and in percentage, in terms of the recent price, last week, in the last month or last year. You can also see the BTC price increase in the last 2, 3, 5 and 7 years. The numbers show large market growth when observing that, despite the current reduction, there is an exponential difference in relation to prices one or more years ago.

Image delivered by spiritofamerica /

Source link