It will be correct that those fall for bitcoin may be by any means authentic in light in the historical backdrop on bitcoin this sort of fall struck them for those initial period However it also provides for us a great lessing that crypto showcase is by any means flighty anything Might be happen here.
Basically that experience gave us a lot of lessons which we really need. I don't treat that bad experience as a failure of bitcoin rather it's a blessing in disguise. Well what I'm saying is the help we got from it because that taught us what we have to do once it happens again. I hope that the moment it happen again we can already deal properly. 
Topic: Bitcoin's historical low and the lessons it teaches us - page 2. (Read 1628 times)
It will be correct that those fall for bitcoin may be by any means authentic in light in the historical backdrop on bitcoin this sort of fall struck them for those initial period However it also provides for us a great lessing that crypto showcase is by any means flighty anything Might be happen here.
I really believe that the bad moment experience by bitcoin was a blessing in disguise. Well it teaches us a lot of lessons and it really gave us new knowledge. We gain a lot from that experience and I'm so thankful about that. It's really a big help for us and I hope that it will serve as a good lesson. This might happen again and we already know what to do. This post is not about the price of the famous 'bitcoin pizza' that saw Laszlo Hanyecz buying two Papa Pizza in 2010 with 10,000 bitcoins (yes, for those who didn't know,it happened) but the actual lowest price of bitcoin recoded formally by coinmarket.com, Here are the details below:
Bitcoin lowest price was 66.62 $ per bitcoin
Date was July 07, 2013
Market cap. for that day was a mere 782,352,000$
To put that in perspective , current bitcoin's market cap. is 108,199,097,492$ (three extra zeros) and price is approximately 100x, You see, we have really come a long , it is not yet time to give up hope, they is a bigger picture than the current market sentiments.
source: https://coinmarketcap.com/currencies/bitcoin/historical-data/?start=20130428&end=20180816
https://www.investopedia.com/news/bitcoin-pizza-day-celebrating-20-million-pizza-order/
Bitcoin lowest price was 66.62 $ per bitcoin
Date was July 07, 2013
Market cap. for that day was a mere 782,352,000$
To put that in perspective , current bitcoin's market cap. is 108,199,097,492$ (three extra zeros) and price is approximately 100x, You see, we have really come a long , it is not yet time to give up hope, they is a bigger picture than the current market sentiments.
source: https://coinmarketcap.com/currencies/bitcoin/historical-data/?start=20130428&end=20180816
https://www.investopedia.com/news/bitcoin-pizza-day-celebrating-20-million-pizza-order/
I understanding what you wanted us to think.Yes , we do'nt need to panic and sell our bitcoin in that current lowest price,Bitcoin will need time to recover it's value.Think positive , remember the bitcoin is not yet done and the battle of it is not yet over.
it's amazing to me because bitcoin now won big capital. if you compare with early age of bitcoin it will be clear to you. bitcoin are now more secure and potential. it will do something in future. it's also continue grow up.
I understand your indecting about the falling prices but I will suggest you to not to get panic or worried because bad time doesn't last for long soon the market will be back to its track again but until then we have to be patience
I noticed that when the volume of daily trading in bitcoin starts to grow, the bitcoin rate is also growing.
Now the trading volume is $ 3 574 817 402 USD
This is a very low level and I think the growth will soon begin
Now the trading volume is $ 3 574 817 402 USD
This is a very low level and I think the growth will soon begin
Everything that happens around us must teach us something and this kind of downfall teach us many thing such as the timing, when we need to hold and also the most important keep patient.
Bitcoin has survived worse situation than this. So, I think it is not the time to panic. According to history, after a drop, bitcoin rises again. This is the nature of cryptocurrency, it always fluctuates, never stays the same. And by the way, thanks for your motivational post. It will motivate many people to stay in the crypto market.
Your post is very inspiring for the people who are losing their interest in bitcoin. Bitcoin has faced many times worse situation than this and survived them. Now it is in better condition than 2013. So, it is not the time to lose hope. Rather we should have faith in the market. Bitcoin will rise again soon, at least the history says it.
Bitcoins price at present is 6.5K USD ,which is not the historical low price and it is an average good base price at the bearish market.whenever the market is turning to bullish its price can move up at any level.Bitcoin is a new form of economy with strong net work systems connected with the modern technology.Block chain technology is an integral part of the bitcoin which strengthen its security systems.Bitcoins features are very attractive which enables to increase its popularity world wide The current price of the bitcoin is good for the investment.
No need to go that far, there are better examples in the present time and in my opinion people should learn from it. So far, I have understood that Bitcoin will never fail to amaze me when I am least expecting. So, I still have hopes regarding it and it will definitely prevail once the market becomes stable.
i don't know why coinmarketcap has become popular for people as a go to when they want to check the price! it is the worst place you can check the price from. it gives you the average, the charts aren't accurate,...
there you go: https://bitcoincharts.com/charts/mtgoxUSD#czsg2010-06-01zeg2010-08-17ztgSzm1g10zm2g25
$0.05 on July 2010.
since you love (the meaningless) market cap so much by July 2010 supply of bitcoin was
19 months * ~30 days * 144 blocks/day * 50 BTC/block = 4,104,000
market cap of bitcoin = 4,104,000 * 0.05 = ~$205,200
the bitcoin sites on the internet are different. they have their own graphics. but the local wallet site, always accurate to see the price of bitcoin and its exchange rate to local currency. but the actual lowest price of bitcoin recoded ~
there you go: https://bitcoincharts.com/charts/mtgoxUSD#czsg2010-06-01zeg2010-08-17ztgSzm1g10zm2g25
$0.05 on July 2010.
since you love (the meaningless) market cap so much by July 2010 supply of bitcoin was
19 months * ~30 days * 144 blocks/day * 50 BTC/block = 4,104,000
market cap of bitcoin = 4,104,000 * 0.05 = ~$205,200
Now people might come up and say that was just introduction stage, it is very natural but honestly I have seen Bitcoin rising from 3,000$ to 19,000$ and then again seen it dropped to 5,000$ in recent times. That doesn't really bother me to be honest as long as I know that I have faith on Bitcoin.
It will be correct that those fall for bitcoin may be by any means authentic in light in the historical backdrop on bitcoin this sort of fall struck them for those initial period However it also provides for us a great lessing that crypto showcase is by any means flighty anything Might be happen here.
Similarly, in 2021 we will look at 2018 and think how cool it was to buy bitcoin at the prices of 2018
i don't know why coinmarketcap has become popular for people as a go to when they want to check the price! it is the worst place you can check the price from. it gives you the average, the charts aren't accurate,...
there you go: https://bitcoincharts.com/charts/mtgoxUSD#czsg2010-06-01zeg2010-08-17ztgSzm1g10zm2g25
$0.05 on July 2010.
since you love (the meaningless) market cap so much by July 2010 supply of bitcoin was
19 months * ~30 days * 144 blocks/day * 50 BTC/block = 4,104,000
market cap of bitcoin = 4,104,000 * 0.05 = ~$205,200
but the actual lowest price of bitcoin recoded ~
there you go: https://bitcoincharts.com/charts/mtgoxUSD#czsg2010-06-01zeg2010-08-17ztgSzm1g10zm2g25
$0.05 on July 2010.
since you love (the meaningless) market cap so much by July 2010 supply of bitcoin was
19 months * ~30 days * 144 blocks/day * 50 BTC/block = 4,104,000
market cap of bitcoin = 4,104,000 * 0.05 = ~$205,200
Thats a nice analysis and literally I did not know anything about bitcoin since those very first day. Actually never thought about it because that wasn't necessary one.
But when I come across such information then it tells us in rarity how fast and far we have come since those days. Can imagine easily how wonderful it owl have been back in the time when the reward was around 50 btc per block. I mean easily one can perform the action with computer process power and have those much BTC.
Well, yeah coin market is kind of too basic version that we see today and that is why most of the people like it. May be not all of them are being to techie.
Hope? I think hope is needed for alarmists who bought bitcoin for $ 20,000. We need to rely on market analysis, which tells us that we will see the green light soon. IMHO.
nobody needs hope, even those who bought at the ATH. only people cling on to things like hope that don't have an understanding of the market and how it works and needs something to justify their irrational investment behavior.
Yes, I know bitcoin will going to make more and another reach another highest peek for this year. last year the same month the price is not good but after that the price start increasing and we hit more than $15 000.
Hope? I think hope is needed for alarmists who bought bitcoin for $ 20,000. We need to rely on market analysis, which tells us that we will see the green light soon. IMHO.
This is not a historical low. It's just 1/4 of the price in December. But the lesson remains the same every time. Hard times go by and those who are patient enough will be succesful.
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