History of Bitcoin - Is it only the Beginning?October 2008 - The idea is born!
Like most of the revolutions or innovations that we used to hear about through the history, everything is starting from an idea. In October 2008, what started as an idea has become a currency used by black markets and put in portfolios that some investors want to trade like stocks.
January 2009 - The right currency, in the right time
Many different theories and conspiracies about why Satoshi Nakamoto proposed the currency alternative. One of them most surprising notions is that it was a response to the global financial crisis in 2008.
May 2010 - Creating Future
A person uses bitcoins to order pizza three months after a marketplace was established for the currency. The pizza cost the buyer 10,000 bitcoins.
July 2011 - Safety Concerns
The cryptocurrencies are exposed as being just as unprotected as the paper kind when some of the bitcoin wallets were subject to hacking and theft.
July 2012 - Risk Management of a Growing Trend
The use of the currency grows, trading volumes have been increased but its largely relegated to some dark sides of the internet including black markets that deals with illegal goods and services.
July 2013 - The Winklevoss Brothers
The Winklevoss twins, Cameron and Tyler, both Olympic rowers nemeses of Mark Zuckerberg – at the time what appears to be one of the single largest portfolios of the digital money.
September 2013 - Flipping a Coin on the Price of Bitcoins
SecondMarket, that allows investors to buy shares of the most-traded private companies like Twitter, gaining investments for a fund that will hold only bitcoins.
October 2013 - Silk Road Shut Down
Ross Ulbricht, 29 years old who believed to be behind Silk Road marketplace, has been arrested by F.B.I on narcotics and money-laundering charges.
November 2013 - The Regulators starts to see the value; Investors Hasten to Agree
On November 18, The federal officials estimate at a Senate hearing that such cryptocurrency networks offer real benefits for the whole financial system even if they support new ways for money laundering and illegal activity.
Year: 2014 - Adoption of payments giant PayPal and Technology goliath Microsoft
The biggest story of bitcoin in 2013 was its meteors rise in price, which saw it hit a peak of over $1,100 in November. However, during 2014 it has represent a drop of more than 50% according to CoinDesk Price Index.
Year: 2015 - From Worst to First: Bitcoin price ends on Top
According to CNBC and Bloomberg, Bitcoin was the best-performing currency of the year. Gaining a net of almost 40% gains.
Year 2016 - Bitcoin breaks new record
Those who saw it coming please raise your hand: Bitcoin not only bounced back from its 2015 doldrums but went on a trend that saw it going almost 120% from the beginning of the year.
Year 2017 - The New Era Of Bitcoin Begins
Bitcoin prices brake a new record of reaching over $3,200 a new digital currency forced to split the block chain in two – Bitcoin Cash has been created. The bitcoin community has been divided on how to solve its scaling issue.
Bitcoin miners attempted to solve the scaling debate earlier this month by signaling support for SegWit2X. And because Bitcoin Cash will have all the history from the old blockchain, any investors with bitcoin tokens will receive the same number of tokens on the new blockchain.
The question still remains, if bitcoin will change the new monitory system and replace the central banks or does the bubble is about to burst? Those who have been sitting and waiting all those years surely became frustrated of losing an opportunity of making their fortune.
“To know nothing of what happened before you were born, is to forever remain a child.”
