*đ€Łđ€Łđ€Ł How Many Years Did It Take for BTC to Reach 1? đ€*
Hey, crypto fam! đ Have you ever wondered how long it took for *Bitcoin (BTC)* to hit its first *1*? đ§ I bet most of you donât know, but donât worry, Iâve got you covered! Letâs take a quick trip down *crypto history* to understand just how long it took for BTC to reach that iconic *1* price. đ
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*The Journey of Bitcoin to1: How Long Did It Take? âł*
*1. Bitcoinâs Launch: 2009* Bitcoin was created by the mysterious *Satoshi Nakamoto* in *2008*, and it officially launched in *January 2009*. At first, Bitcoin was *worth nothing* â literally! đž There were no exchanges, no real market, just a *peer-to-peer network* where people could mine and trade Bitcoin amongst themselves. So, *BTC had no price* in the early days.
*2. The First Transaction: 2010* In *2010*, Bitcoinâs first *real-world transaction* took place. A programmer named *Laszlo Hanyecz* famously paid *10,000 BTC* for two *pizzas*. đ Thatâs right! *10,000 BTC for two pizzas* â imagine how much those pizzas are worth today! đ± At this time, the price of 1 Bitcoin was around *0.003*. So, Bitcoin was still *extremely cheap* and not yet recognized as a major asset.
*3. Reaching1: 2011* It took *around 2 years* after Bitcoinâs creation for it to hit *1*. In *February 2011*, Bitcoin officially hit *1* for the first time. đ This was a monumental moment in crypto history, as it marked the first time Bitcoin became *"valuable"* in the eyes of traders and investors. It was a small, but *significant milestone* that showed *Bitcoin had potential*.
*So, How Long Did It Take?* From *2009 (Bitcoinâs launch)* to *2011 (Bitcoin hits 1)* â *it took roughly 2 years* for Bitcoin to hit that *1 mark*. âł
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*Why Did It Take So Long? đ€*
- *Early Adoption*: Bitcoin was still in its *early stages* and lacked mainstream recognition. It took time for people to understand the *technology* behind it and realize its potential.
- *No Exchanges*: Bitcoin didnât have the *crypto exchanges* we know today like *Binance* or *Coinbase*. There were no easy ways to buy or trade Bitcoin, which slowed its adoption.
- *Limited Supply*: Bitcoinâs *fixed supply* of 21 million coins meant that only a small number of people had access to it in the early days.
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*What Does This Mean for Bitcoin Today? đ„*
- *Bitcoinâs Path to 1* was just the beginning of its *incredible journey*. Since then, itâs reached *20,000*, *60,000*, and even *69,000* at its all-time high! đ
#helpmeplease I am trying to transfer some solana to another wallet. But why is solana network fee so high? Isn't it supposed to be like a cent or something?
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đ±đ€ŻEveryone is talking about CZ's tweet from 4 years ago: "Save this tweet"
A tweet by #Binance CEO Changpeng Zhao #czbinance during the bullish start of 2020 has resurfaced after 4 years. Careful followers RT CZ's comment about the declines, which actually doesn't make sense today, and brought it back to the eyes of millions. Although Binance's former CEO Changpeng Zhao is not active on social media, a new suggestion is coming on current issues. Zhao started a huge bull rally in Bitcoin 4 years ago and in a period of time, the charts started to fall in front of X users again.
"They encrypted this tweet" CZ's reservations about the future of the decline on December 17, 2020 included "I'm waiting for new leadership: Bitcoin fell from 101 thousand to 85 thousand. Those who encrypted this tweet". On the day CZ posted this tweet, Bitcoin was trading at $21 thousand. The largest cryptocurrency started a sharp rise in those days and broke a historical record by rising to 64 thousand in April 2021. Later, the largest cryptocurrency, which fell to 29 thousand people, rose again to 69 thousand people in November (2021). A year after that peak, the price fell to 15 thousand in the shadow of the FTX crisis. Especially after leaving the Binance CEO position, CZ started using social media much less and reduced the sharing of cryptocurrencies. #BTCNextMove #MarketPullback #ElSalvadorBTCReserve @CZ
2 new airdrops on binance: pudgy penguins đ§ and 1000's Simon's cat
Binance News
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Binance Launches HODLer Airdrops for Simon's Cat (CAT) and Pudgy Penguins (PENGU)
Binance introduces Simon's Cat (CAT) and Pudgy Penguins (PENGU) as the latest projects in its HODLer Airdrops program. CAT will begin trading on December 17 at 09:00 UTC, while PENGU will be listed later on the same day at 14:00 UTC. Both tokens will feature trading pairs against USDT, BNB, FDUSD, and TRY, with a Seed Tag applied. Eligible BNB holders will receive airdrops directly in their Spot Wallets.Details of Simon's Cat (CAT) AirdropsToken Name: Simon's Cat (CAT)Max Supply: 9 trillion tokensHODLer Airdrops Allocation: 12.7% of the max token supply (1.143 trillion CAT)Circulating Supply at Launch: 88% of the max supply (7.89 trillion CAT)Smart Contract: BNB Chain and SolanaDetails of Pudgy Penguins (PENGU) AirdropsToken Name: Pudgy Penguins (PENGU)Max Supply: 88.88 billion tokensHODLer Airdrops Allocation: 3% of the max token supply (2.67 billion PENGU)Circulating Supply at Launch: 70.22% of the total supply (62.31 billion PENGU)Smart Contract: Solana