In 2008, the global financial crisis broke out. Satoshi Nakamoto, the recognized "founder of Bitcoin", published a paper in the same year. In the paper, he proposed a blockchain technology model: decentralization, non-increase, and unlimited divisibility to address the shortcomings of third-party platforms such as opacity, uncontrollability, and high costs. On November 1, 2008, Bitcoin was officially issued on the Internet, and it had no market value for more than a year before and after its issuance.

On January 3, 2009, Satoshi Nakamoto mined 50 bitcoins from a small server in Helsinki, Finland. Bitcoin has since entered the currency market. Since then, more and more netizens have been "mining", but the mainstream market has not yet recognized its value.

year 2010

Value was created. An important event happened this year. On May 21, 2010, American programmer Lasler exchanged 10,000 bitcoins for two pizzas, which was equivalent to the market price of 30 US dollars. In other words, the initial value of bitcoin should be 0.003 US dollars, which is equivalent to 0.188 yuan. After bitcoin generated value, the mining craze continued to rise. In November 2010, the price of a single bitcoin on Mt.Gox (now bankrupt), the world's largest bitcoin trading platform, exceeded 0.5 US dollars, which was about 167 times higher than the initial price.

year 2011

Media publicity (to attract initial attention)Media publicity (to attract initial attention)

From 2010 to 2011, the price of Bitcoin has been rising continuously (after all, the price base is small, and more and more people are joining). By February 2011, the price of Bitcoin was officially equivalent to the US dollar. In less than a year, the price rose by about 333 times. From March to April 2011, the development history of Bitcoin once again saw a major turning point - the Bitcoin and British Pound, Brazilian Real, and Polish Real exchange trading platform was launched. Subsequently, mainstream American media such as Time Magazine and Forbes published articles related to Bitcoin, and investors from more countries rushed into the ranks of Bitcoin speculation. On June 8, 2011, the transaction price of a single Bitcoin reached 31.9 US dollars, creating a historical high, an increase of about 16,000 times compared to the initial price. Soon after, the Bitcoin trading platform Mt.Gox broke out a "hacker incident", and the security of digital currency was questioned by investors. The price of Bitcoin continued to fall and fell sharply.

2012

The gloom shrouded the Bitcoin market. In February 2012, the price of a single Bitcoin fell below $2, a 1,395% drop from the record high of $31.9 in June 2011! As an emerging digital currency, Bitcoin has unlimited potential based on blockchain technology. However, most investors who poured in during this period of explosive growth still regarded it as a stock to "make quick money." The bigwigs in the financial circle attached great importance to the historical mission of Bitcoin. In the second half of 2012, the Bitcoin Foundation was established. At the same time, the first Bitcoin conference was held in Europe, and relevant market measures were formulated. The price of Bitcoin began to pick up. On December 6, 2012, the world's first Bitcoin exchange was established in France. The price of Bitcoin returned to its peak, with a single Bitcoin price rising to $13.69.

year 2013

In March 2013, according to the exchange rate, the total value of Bitcoin issued worldwide exceeded 1 billion US dollars. Bitcoin began to soar from that year. Only then did investors generally realize how epoch-making the significance of Bitcoin's "decentralization" and "comprehensive supervision" was. In January 2013, due to the Cyprus debt crisis, many people began to abandon the traditional financial industry regulated by banks, and digital currencies became popular. The price of a single coin soared to 265 US dollars. Soon after, investors gradually became rational and the price of Bitcoin began to fall. In the second half of 2013, most European countries competed to introduce Bitcoin issuance policies, which were highly valued by people in various countries. The price of Bitcoin started to soar. As of December, the price of a single coin exceeded 1,147 US dollars, surpassing the international price of gold.

2014——2016

The Bitcoin market continued to be sluggish from 2014 to 2016. The reason was that the digital currency market was less frequently disturbed by the outside world, the number of new investors continued to decrease, and there was no room for growth. In August 2015, the price of a single Bitcoin fell to $200. In 2016, the Bitcoin market ushered in huge changes. The internal change was that the annual output began to shrink. The external change was that the price continued to rise due to events such as Brexit, the US election, and the surge in Asian investors. By December 2016, it exceeded $1,000.

2017

Crazy Year

2017 is a very important year in the history of Bitcoin development. The annual increase was as high as 1,700% (it should be noted that the price of Bitcoin was already at its peak in 2016). The entire price trend chart is like a roller coaster, with sharp rises and falls that made investors crazy. The lowest price of Bitcoin in 2017 was $789, corresponding to January 11, and the highest price was $18,674 (currently also the highest price in history), corresponding to December 18. From January to May 2017, the price of Bitcoin grew slowly, reaching more than $2,000 per coin in mid-May, but it began to fall rapidly after entering June and July, with a drop of 45%. In September 2017, China issued the "Notice on Preventing the Risks of Token Issuance and Financing", and the enthusiasm of the Chinese market gradually subsided, but Japanese and Korean Bitcoin investors continued to pour in, and the price of Bitcoin continued to rise, reaching a historical peak on December 18, and then began to plummet, and the closing price on December 31 fell below $11,000.

2018

The Bitcoin currency market was glorious in 2017, but the market performance in 2018 was not ideal. Affected by various policies, the price of Bitcoin began to fall sharply. In the first week of January 2018, Bitcoin had a short period of appreciation, reaching a peak of $16,448 on January 7, but began to plummet on January 8, falling by $2,219 on January 8 alone, a drop of 15.6%. There were ups and downs in the following days, but the decline was always higher than the increase. As of October 29, 2018, the price of a single Bitcoin was $6,500, which was indeed much lower than the peak of $18,674 in December 2017. The ups and downs of the digital currency market will continue.

I won’t talk about the most recent bull market from 2019 to 2012 here, as most of my friends know it!

When you see this picture, does it remind you of the low prices when you were a child? In fact, it was not that prices were low, but that money was valuable at that time. Now, hundreds of yuan a day is often not enough. I remember that when I was in junior high school, I only made dozens of yuan a month!

Finally, I hope everyone can embrace new things and accumulate chips for themselves in the next ten years!