Bitcoin's Ups and Downs over the last 10 years

jostorres

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Quote from: cryptomarketyourself on November 24, 2019, 05:06:39 AM

I think that amidst all the market chaos that we're currently going through, it's important to remind ourselves that we've already been through hell and worse.

Bitcoin has really accomplished a lot, and even at times when people say that Bitcoin is dying, it kept soaring higher and never stopped . It's just like they are doing now; I have seen a lot of people saying that bitcoin is dying, I won't be surprised if there is a heavy increase coming soon. They will all be disappointed again, same way they were disappointed in 2017.

Quote from: BrewMaster on November 24, 2019, 05:15:13 AM

Quote

2016: Steam videogame platform starts to accept BTC

it wasn't the first so it is not important.
more important were the much bigger companies such as Microsoft to start accepting bitcoin.

Yup you're right, Microsoft did it before Steam, and that's with Xbox. But it seems they no longer accept Bitcoin anymore. I'm no more a serious gamer since I got a job lol, so I no longer look much into these things. But I think Steam is still accepting Bitcoin.

Leonardo7

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Just hearing now that for first time that Litecoin was a major competitor to bitcoin. Bitcoin has never had a major contender. Bitcoin has always existed in its class and continues to major so. The moment of glory for the bitcoin is 2017 unfortunately, I was not well positioned because I went on a wild goose chase and I caught lots of dead coins.

barota

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since end of last bull run year 2018 to current time ; prices suffer from dump . some whales or traders like the manipulation with prices bitcoin for this reason bitcoin does not stable at latest in high level over 10000 usd per btc ; in any case i hope prices recover high level before halving for making trust in market again

xiboothrezi

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Quote from: agentx44 on November 24, 2019, 10:40:00 AM

This would be a great reminder for those investors who are very close to giving up already. Bitcoin has been through many ups and downs for the past couple of years but still it was able to survive and outshine all the other crypto existing. It was able to hold its place on the very top amidst experiencing crisis and criticism by different people all over the globe. This should be a reminder to us that bitcoin, even after going down so hard, can still recover its value and get back to its composure of having a very large equal amount and make its enthusiasts benefit the most sooner or later.

You are right, even though there are many rumours that say Bitcoin will die repeatedly but in fact, bitcoin can exist and give many surprises. Who would have thought the price reached thousands of dollars. Ten years ago what happened today was like an impossibility. It's really dynamic, up and down, sometimes the unexpected happens without a sign, so don't give up and keep trying to get the best opportunity.

diazepam666

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Bitcoin price is not stable and we need to understand that it's price is volatile all the time. From 2009 to now there is many changes on the market and drastic fall and decent bump also we found in the marketplace.
We people have to think about the right time to invest and take the returns.

Jet Cash

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I think it is important to forget about the historic prices and price movements, and look at Bitcoin in the modern world economy. Bitcoin miners, Bitcoin users, and Bitcoin speculators have changed considerably. The world markets and the trust in fiat currencies have also changed. You need to make your investment decisions on the current facts, and not on old prejudiced views.

Linkkoin

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The best-proven strategy for regarding BTC as a store of value:
1. Late 2017 - the breakfast TV celebrities starting to talk about how awsome is BTC (literally a couple of days before the price began falling down).
2. Late 2018 - OMG BTC is dead, it is a scam (and then price just shortly after started rebounding).

Aka - why you should never trust a mob.

Wysi

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Quote from: ?? on ??

Quote from: Eugenar on November 24, 2019, 08:39:36 PM

But in fact, it is best to invest on the lowest price of bitcoin.

Then wait for Bitcoin to be ONE DOLLAR, then invest, because that is where Bitcoin is going 🤣🤣🤣🤣

Hard Facts

That's wrong mate, Bitcoin will rise again just like it does everytime and I think you are either new or you have not been active in the crypto market all these while as there has been similar situations in the past but Bitcoin has thrived every single time. Just wait for couple of month to see the other side of bitcoin as well as you are too quick to judge the market situation.

Baby Dragon

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Quote from: VDraci on November 25, 2019, 02:41:13 AM

Why is 2019 not on your list? this year is the best so far when it comes to better adoption, JPmorgan, billgates etc now into crypto and bill event accepted that btc is better than currency, this year is full of good news and ATM is now in thousands, adoption is a slowly steady growth and 2020 will be better

Indeed, it means the adoption is improving as the day passes by despite of having some difficulties when it comes to it's price. We know that there are a lot of people doubting it's capabilities and potentialities but bitcoin remains great and up until now it was able on giving us benefits and opportunities, no wonder why people these days are learning to open their minds when it comes to digital currency. Maybe they have finally realized it's potentialities and the advantage on using it.

bitvalak

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In the past 10 years I have seen more panic from people because they have set expectations too high in such a short time.

Aying

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Quote from: asus09 on November 24, 2019, 07:44:13 PM

Looking with bitcoin price today look frustrated because price have down and many people look weakness faced with bitcoin price, have stop for investing awhile waiting when bitcoin and altcoin back to normal and higher price, if situation with bitcoin price always on lower I think have looking other way how to get profit by investing not only in crypto but also looking other chance to get much profit with property investment.

They're frustration will gone if they know that bitcoin's volatile price. at the start that price are still changing day by day and nothing has changed until now. with this situation we need to know more than worrying the price in the market so we are aware in the next downfall. just observe now and accumulate more when its needed.

VDraci

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Why is 2019 not on your list? this year is the best so far when it comes to better adoption, JPmorgan, billgates etc now into crypto and bill event accepted that btc is better than currency, this year is full of good news and ATM is now in thousands, adoption is a slowly steady growth and 2020 will be better

veleten

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low moments I will regret forever is selling my coins cheap in 2012 Cry

not talking about pizza-style 10.000 btc , but it is painful every time I remember it , heh life goes on though and bitcoin did amazingly well through the years
despite ups and downs it is the most performing asset , beating gold and many other popular stores of value
my hope that in several years we look back at today's prices and say something like : wow I actually could gave bought it for 5.000$ " Cheesy

and of course we all would love to see it hit 6 digits figures one day , hope is there despite all the price ups and downs

gabmen

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Quote from: Murat on November 24, 2019, 10:07:35 PM

For me, 2017 was the most mentionable regarding this platform, when the price was high then it was like a dream for me, like me, Nobody couldn't expect such type of price because of the price was increasing within a very short time, Though at that time I hadn't enough Bitcoin whatever the case was I enjoyed a lot at time. but it's very surprising that Bitcoin price didn't touch that milestone yet, Day by day Bitcoin price is not becoming a stable rather than volatile, I hope this problem will be solved in the coming days and I will get another rememberable day for this platform.

Well i don't find it surprising that btc is struggling to even sustain half 2017's value. What happened then was not exactly natural for any market movement and it's bound for an extended recoil because of that. The fact that we've managed to hit 10k this year would be something to be thankful already, i think since 2019 could have been a lot worse.

Murat

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For me, 2017 was the most mentionable regarding this platform, when the price was high then it was like a dream for me, like me, Nobody couldn't expect such type of price because of the price was increasing within a very short time, Though at that time I hadn't enough Bitcoin whatever the case was I enjoyed a lot at time. but it's very surprising that Bitcoin price didn't touch that milestone yet, Day by day Bitcoin price is not becoming a stable rather than volatile, I hope this problem will be solved in the coming days and I will get another rememberable day for this platform.

HardFacts

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Quote from: wack slacker on November 24, 2019, 08:56:04 PM

This is a 3-month chart of Bitcoin. I am not good at technical analysis but it seems Bitcoin will have a long sideway session before reaching the $ 20,000 level and higher. maybe in a few years. Here is the chart.

You are correct, you do not know anything about technical analysis. The charts are saying bitcoin is going WAY DOWN in price, this past couple weeks drops are just the beginning. You will see Bitcoin below 1000.00 before you know what happened 📉📉📉📉

Hard Facts

wack slacker

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This is a 3-month chart of Bitcoin. I am not good at technical analysis but it seems Bitcoin will have a long sideway session before reaching the $ 20,000 level and higher. maybe in a few years. Here is the chart.
Figures are provided from: t.me/orcagroup
https://www.tradingview.com/x/pzAw1PJL/

Eugenar

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Quote from: asus09 on November 24, 2019, 07:44:13 PM

Looking with bitcoin price today look frustrated because price have down and many people look weakness faced with bitcoin price,

Basically those who fell so panic about the price of Bitcoin are those new to the market. Because they cannot see the opportunity why the market is declining again. Soon, an opening would be a great time for us to accumulate bitcoin.

Quote from: asus09 on November 24, 2019, 07:44:13 PM

have stop for investing awhile waiting when bitcoin and altcoin back to normal and higher price, if situation with bitcoin price always on lower I think have looking other way how to get profit by investing not only in crypto but also looking other chance to get much profit with property investment.

Would it be better if we invest on the lower price of bitcoin? Because as you says, since the market price is continuing to go down, it is better to find other investment platform. But in fact, it is best to invest on the lowest price of bitcoin.

asus09

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Looking with bitcoin price today look frustrated because price have down and many people look weakness faced with bitcoin price, have stop for investing awhile waiting when bitcoin and altcoin back to normal and higher price, if situation with bitcoin price always on lower I think have looking other way how to get profit by investing not only in crypto but also looking other chance to get much profit with property investment.

samcrypto

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I entered in the market last 2017 which is the bull trend for cryptomarket - bitcoin and that is my peak trend and after that roller coaster ride was happen until this day still experiencing a big pump and dump. Despite of the trend I still have no regrets about bitcoin, and this temporary dump will make us stronger just keep buying and wait for the momentum of bitcoin again, this is not the end of bitcoin and stop panicking for the next years here.

kryptqnick

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I am having trouble finding the exact dates but around 2014 casinos that accept Bitcoin started appearing, and it was also a big boost of adoption we should not forget about. Some of the casinos made back then are still active and trusted (FortuneJack and Crypto-Games, for instance). I would also add a downside of September of 2018 when a bug that seems similar to the one way before and so in a sense a critical bug was discovered: https://www.coindesk.com/the-latest-bitcoin-bug-was-so-bad-developers-kept-its-full-details-a-secret. Luckily, it was fixed in time, and everything got back to normal. But that was a close one.

fiulpro

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Well honestly I don't agree that these ups and downs went accordingly to the year by year because all I remember is that these actually went very abrupt suddenly even 3-4 things in 1 day .
It's not a simple chart it is super complicated, we cannot even start thinking about the price chart you would see how it changes every hour , considering the competition if bitcoins I think that was a good thing , it made people engage in bitcoins even more.

coin-investor

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Quote from: cryptomarketyourself on November 24, 2019, 05:06:39 AM

I think that amidst all the market chaos that we're currently going through, it's important to remind ourselves that we've already been through hell and worse.

My top events:

2008: First whitepaper comes out by this random guy named Satoshi Nakamoto

2011: First big competitors such as Litecoin start to emerge

2013: First BTC ATM launches in a coffeeshop in Canada

2016: Steam videogame platform starts to accept BTC

2017: Bitcoin hits $19K.

What are your top/low moments?? Grin

I have so many ups and downs since I started here, but unfortunately, I have not recorded all of it, not only on Bitcoin but altcoins too, I have not completed the ten years since I entered the community halfway through but I did experience, it's the best time when Bitcoin hit it's all-time high, I guess this is everybody's favorite all-time ups so far, hopefully next year will present us another milestone.
I have

agentx44

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Quote from: cryptomarketyourself on November 24, 2019, 05:06:39 AM

Y'all probably know I'm a big fan of these guys now - but seriously, I had to share this. A complete overview of the ups and downs of BTC over the past decade:

https://cryptotradernews.com/cryptocurrency/the-highs-and-lows-of-a-bitcoin-decade/

I think that amidst all the market chaos that we're currently going through, it's important to remind ourselves that we've already been through hell and worse.

My top events:

2008: First whitepaper comes out by this random guy named Satoshi Nakamoto

2011: First big competitors such as Litecoin start to emerge

2013: First BTC ATM launches in a coffeeshop in Canada

2016: Steam videogame platform starts to accept BTC

2017: Bitcoin hits $19K.

What are your top/low moments?? Grin

This would be a great reminder for those investors who are very close to giving up already. Bitcoin has been through many ups and downs for the past couple of years but still it was able to survive and outshine all the other crypto existing. It was able to hold its place on the very top amidst experiencing crisis and criticism by different people all over the globe. This should be a reminder to us that bitcoin, even after going down so hard, can still recover its value and get back to its composure of having a very large equal amount and make its enthusiasts benefit the most sooner or later.

YuginKadoya

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I like the year when someone buys pizza with Bitcoin that one is an epic, but the pretty much important part is the year when Bitcoin is introduced to us, but as for myself only I think the ups and down to Bitcoin is the people that are trusting it and making it the way it is right now because without us Bitcoin will be nothing in my opinion.

So I guess the part where we establish bitcoin to our life is the most important thing here where your friend or you had known and started earning Bitcoin, Or you had known this forum Bitcointalk and made an account to it, I guess that was the most sentimental years that I have been my first earning with Bitcoin, I guess the ups and downs of Bitcoin is having us the enthusiast that keep on supporting it.

EdenHazard

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Quote from: BrewMaster on November 24, 2019, 05:59:18 AM

it wasn't expensive since back then 10k bitcoin was worth around the same value as Pizzas. it is like saying 0.002BTC is too expensive today because bitcoin will some day be worth $1 million.

Exactly.

The bitcoin ups and downs itself giving us a painful memory when you made a purchase at the time when bitcoin value far lower than the current value.
For example I was paying my internet bills back in 2014 with 0.2 bitcoin monthly that time bitcoin value is at around $500 and my internet bill was only $100 , it's worth $1,400 now!
And guess I bought a car ... with around 25 bitcoin! That time worth around $13,000 . I should have a McLaren now with that 25 bitcoins!

This kind story will always made everyone's day, bring it on!

Hamphser

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Yeah steam accepted bitcoin for payment options but when the bull run starts they later on remove it because they can't afford to pay the transaction fees. I think that was my low moments that I remembered so far.
After that the bitcoin price reached the $20,000 there is a massive fallback happening then due to the price correction.

jekainvestor

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Quote from: cryptomarketyourself on November 24, 2019, 05:06:39 AM

Y'all probably know I'm a big fan of these guys now - but seriously, I had to share this. A complete overview of the ups and downs of BTC over the past decade:

https://cryptotradernews.com/cryptocurrency/the-highs-and-lows-of-a-bitcoin-decade/

I think that amidst all the market chaos that we're currently going through, it's important to remind ourselves that we've already been through hell and worse.

My top events:

2008: First whitepaper comes out by this random guy named Satoshi Nakamoto

2011: First big competitors such as Litecoin start to emerge

2013: First BTC ATM launches in a coffeeshop in Canada

2016: Steam videogame platform starts to accept BTC

2017: Bitcoin hits $19K.

What are your top/low moments?? Grin

My top moment was in 2017, and not only because of the growing price of thr BTC, but because of rising prices of huge amount of altoins as well. All alts were on their top success, and it was like yesterday you get or buy some coins and some days after or even tomorrow you get the real big amount on your wallet. And there were so many moments like that, people even did not catch this rising, because there were lots of rising coins. It was easy to earn a lot in a short period of time. The worst year was 2018 when the whole market started to fall down...

abel1337

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Quote from: kolonel_x on November 24, 2019, 09:13:22 AM

Quote from: cryptomarketyourself on November 24, 2019, 05:06:39 AM

2017: Bitcoin hits $19K.

In 2017 many people were happy because bitcoin reached $ 20k that year, but on the 10th birthday of bitcoin it declined even worse I think this is the lowest moment for me because I know that experts continue to predict bitcoin will reach $ 19k this year.

There are many unsightly pumps that happened this year and we have experienced a dump on the anniversary of this forum. It shows that the volatility of bitcoin is very high that we can't predict it before it happens. It's true that there are many people still believing that bitcoin will reach another all-time high at the end of the year. There are many who are hoping to, even me. I recently bought bitcoin on the last dump and I'm all set and waiting for the next pump Grin

kolonel_x

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Quote from: cryptomarketyourself on November 24, 2019, 05:06:39 AM

2017: Bitcoin hits $19K.

In 2017 many people were happy because bitcoin reached $ 20k that year, but on the 10th birthday of bitcoin it declined even worse I think this is the lowest moment for me because I know that experts continue to predict bitcoin will reach $ 19k this year.

aardvark15

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Quote from: cryptomarketyourself on November 24, 2019, 05:06:39 AM

Y'all probably know I'm a big fan of these guys now - but seriously, I had to share this. A complete overview of the ups and downs of BTC over the past decade:

https://cryptotradernews.com/cryptocurrency/the-highs-and-lows-of-a-bitcoin-decade/

I think that amidst all the market chaos that we're currently going through, it's important to remind ourselves that we've already been through hell and worse.

My top events:

2008: First whitepaper comes out by this random guy named Satoshi Nakamoto

2011: First big competitors such as Litecoin start to emerge

2013: First BTC ATM launches in a coffeeshop in Canada

2016: Steam videogame platform starts to accept BTC

2017: Bitcoin hits $19K.

What are your top/low moments?? Grin

For me the things I remember are the price bubbles in 2013 and 2017 and the subsequent crashes. A couple of other big moments are the collapse of the exchange MtGox and the exchange Cryptsy.

nelson4lov

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Quote from: timcook on November 24, 2019, 05:38:24 AM

2010: When the great Mr. Hanecz used BTC to pay for 2 pizzas. Damn to think that he paid 10,000 BTC for those 2 pizzass... Most expensive dinner ever!

The Bitcoin Pizza day is one of my favorite Bitcoin moments and there's a lot of lessons to be learnt. It does reflect how we make decisions. The guy who sold 10000 BTC is no different from everyone who dumped all their Bitcoin holdings between November 2018 to January 2019 for =>3200. Early adopters will benefit. A decade from today, we should be part of the selected few to enjoy if we make the right decisions about our assets or we'll be just like Hanyecz.

Baofeng

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I wouldn't categorically call Satoshi a random guy.

Low moments? Mt. Gox heist, up to this day, settlement is still on-going. So this ghost in the past is still haunting us all.

I also say that Litecoin is not a competition to Bitcoin, remember that Litecoin uses almost the same code of Bitcoin as far as I know, so it's too complement and not to compete.

Velkro

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Quote from: timcook on November 24, 2019, 05:38:24 AM

2010: When the great Mr. Hanecz used BTC to pay for 2 pizzas. Damn to think that he paid 10,000 BTC for those 2 pizzass... Most expensive dinner ever!

At this particular time, 10 000 BTC was worth exactly 2 pizzas.
It can be hard to imagine now, but then bitcoin tried to gain any value at all, it was just project like many that never gained traction and people didnt use it. But it did Cheesy

Dart18

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April 2017 when Japan started regulating bitcoin.
That was a big blast for other countries.
Why would Japan do it. One of the most high technology in the world.
Another question is how they did it.

We may know by now that many countries are still against the bitcoin technology. They just want to control the financial system and to avoid people from having freedom and privacy. Pfft.

alyssa85

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Quote from: cryptomarketyourself on November 24, 2019, 05:06:39 AM

Y'all probably know I'm a big fan of these guys now - but seriously, I had to share this. A complete overview of the ups and downs of BTC over the past decade:

https://cryptotradernews.com/cryptocurrency/the-highs-and-lows-of-a-bitcoin-decade/

I think that amidst all the market chaos that we're currently going through, it's important to remind ourselves that we've already been through hell and worse.

My top events:

2008: First whitepaper comes out by this random guy named Satoshi Nakamoto

2011: First big competitors such as Litecoin start to emerge

2013: First BTC ATM launches in a coffeeshop in Canada

2016: Steam videogame platform starts to accept BTC

2017: Bitcoin hits $19K.

What are your top/low moments?? Grin

2018: Steam videogame disables bitcoin because mempool delays are up to three weeks and fees have gone insane. Bitcoin tanks reaching $3400 in early 2019 before climbing back up to about $8000.

We're still dealing with the fallout of that debacle in late 2017/early 2018 over the mempool delays.

Asmonist

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Yes the 2017 $19k is very fantastic. It really gives more excitement in cryptocurrencies and bitcoin as a whole. I think this year's had also ita lowest and that I also quite regret to not buying more. Anyway, it was really a tough 10 years ups and downs but the journey is still going on. There are lot of speculations or expectations and all I can say is to always hope for the best. I enjoy earning it so far and the future is just patiently waiting.

BrewMaster

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Quote from: bobsav2121 on November 24, 2019, 05:31:18 AM

2010! The birth of coinbase!!!! First crypto exchange

there were at least a dozen other exchanges before coinbase. in fact Coinbase didn't even exist back in 2010, it was created 2 years later in 2012.
by the way the first bitcoin exchange was called bitcoinmarket.com which is no longer around.

Quote from: timcook on November 24, 2019, 05:38:24 AM

Most expensive dinner ever!

it wasn't expensive since back then 10k bitcoin was worth around the same value as Pizzas. it is like saying 0.002BTC is too expensive today because bitcoin will some day be worth $1 million.

timcook

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2010: When the great Mr. Hanecz used BTC to pay for 2 pizzas. Damn to think that he paid 10,000 BTC for those 2 pizzass... Most expensive dinner ever!

bobsav2121

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2010! The birth of coinbase!!!! First crypto exchange

marketingnerd

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I love 2017 not because of the 19K price accomplishment, but because Bitcoin topped the value of gold for the first time

luigivessota

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Cool stuff - let's not forget about 2019. This has been the year of the massive comebacks leaving all those haters like Peter Schiff crying in a corner.

BrewMaster

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There is trouble abrewing

Quote from: cryptomarketyourself on November 24, 2019, 05:06:39 AM

2011: First big competitors such as Litecoin start to emerge

there is never been anything "top" about a coin that copies bitcoin in my experience. not to mention that there are a lot of more important events that you missed from 2008 to 2011 such as first bitcoin transaction, the Pizza purchase with bitcoin, first price ATH, first big bitcoin bubble, first big crash. these last two are important since you are talking about ups and downs!

Quote

2016: Steam videogame platform starts to accept BTC

it wasn't the first so it is not important.
more important were the much bigger companies such as Microsoft to start accepting bitcoin.

cryptomarketyourself

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Y'all probably know I'm a big fan of these guys now - but seriously, I had to share this. A complete overview of the ups and downs of BTC over the past decade:

https://cryptotradernews.com/cryptocurrency/the-highs-and-lows-of-a-bitcoin-decade/

I think that amidst all the market chaos that we're currently going through, it's important to remind ourselves that we've already been through hell and worse.

My top events:

2008: First whitepaper comes out by this random guy named Satoshi Nakamoto

2011: First big competitors such as Litecoin start to emerge

2013: First BTC ATM launches in a coffeeshop in Canada

2016: Steam videogame platform starts to accept BTC

2017: Bitcoin hits $19K.

What are your top/low moments?? Grin

Topic: Bitcoin's Ups and Downs over the last 10 years (Read 345 times)