Since the founding of bitcoin, there has been a constant shift in its pricing. There has been a steady rise in the prices for a long time, which has compounded around 100% to 200% every year. The investors that had purchased bitcoin at the early stage and held it for a long time have been able to gain remarkable returns. The past performance does not show the future. But, still, you need to pay attention to the impulsive price history of Bitcoin. Visit at: Profit-Edge.com
The price history of bitcoin is as follows:
The origin of the bitcoin year 2009
Even though bitcoin emerged in the year 2007, its first price was set in the year 2009. The first price of bitcoin was $0. Satoshi Nakamoto, the founder of bitcoin, brought in the white paper of bitcoin toexplain its working of it.
Bitcoin first jumped in 2010
Price of bitcoin in 2011
The price of bitcoin in February 2011 reached $1, which was equivalent to the U.S. dollar. In just a few months,its price increased and reached $10. After this, it quickly increased to $30. However, at the end of the year, it was found that its prices reduced to $5. It is difficult to say the reason behind such a drastic change in the behaviour of price.
Price of bitcoin in 2013
After the fall of price in 2011, it went up by $13.28 at the start of 2013. During the initial 3 months of 2013, the prices had enhanced to $30. It was the price till the March-end. However, by 1st April 2013, bitcoin went as high as $100. Again in November 2013, it saw an increase in price that is $1000. But, by the end of the year, that is December 2013, the bitcoin prices dropped to $530. It was the time when everyone was curious to learn about Bitcoin.
Price of bitcoin in 3 years that is 2017, 2018, and 2019
At the start of 2017, the prices of bitcoin increased to $1,100, which was a fresh record during that time. By the end of 2017, the best thing was that the prices of bitcoin increased to around $20,000. It means the value increased by 20x in just a year. It was when some thought Bitcoin was a scam, whereas some thought it was the best thing that happened. Many investors showed interest in learning about bitcoin. By 2018 end, the prices of bitcoin had fallen to $3,236. After this, in December 2019, the price raised to $7,200.
Price of bitcoin during Coronavirus Pandemic that is in the year 2020
During the coronavirus pandemic, the economy had shut down, but the bitcoin experienced its high. The price of bitcoin had enhanced to around $29,374, which was around a 300% increase. It was the highest till 2020.
Prices of bitcoin from 2021 till now
Initial six months of 2021, the bitcoin went as high as $64,000. But, soon it falls down under $30,000. After this, bitcoin saw another big high in November of $68,000. However, at the beginning of 2022, that is January, there was a price drop, and it went under $35 000. Professional investors predict that the price of bitcoin will go as high as $ 100 000. But, you never know when it takes place or, rather, it happens at all.
Concluding thoughts
If the trend of twelve years continuous, the profits of the long-term crypto-currency investors would be the highest. As mentioned above, if this trend continues, bitcoin prices can reach around $ 100, 000 in the future. Past performances will not always reflect the future; however, there is a possibility that the models like this might continue. If you plan to start trading in crypto-currency, a good way to start is by opening an account with Bitcoin Era. There are similar platforms that allows easier and hassle-free crypto trading.
