If you have ever made a plan to invest in bitcoin, you must have heard about the volatility in the price. Bitcoin as a digital currency has a volatile trading history. The first significant price increase in bitcoin happened in 2010. In this case, the value of one bitcoin flew from a fraction of a penny to $0.08.
Since then, digital currency has seen lots of rallies and crashes. As a result, some people have jokingly compared the price movement of bitcoin to beanie babies. In addition to this, on different occasions, people have compared bitcoin and the Tulipmania that happened in the 17th century.
Before you plan to invest, you need to have clarity that the price change in bitcoin shows the enthusiasm and dissatisfaction of investors on an everyday basis. The inventor designed the currency so that it could be capable enough to circumvent the banking system. No doubt, even after a decade, bitcoin or other cryptocurrencies are not mainstream yet. But, over the years, the currency has begun to pick up steam.
To make a correct decision, you should know about the price history.
First, you need to know that bitcoin’s journey has been quite dumpy in the last 13 years. In addition to the volatility in the cost, the currency has seen a double-digit up and down in price. In addition, numerous problems, including cyber security issues, have plagued the system.
To get a bird-s eye view, we have presented the significant events that affected the price of bitcoin.
As of November 2021, the price of bitcoin stands at $68,521. We hope that by checking the price history of bitcoin, you will make a wise investment decision. You can check the anon-system.live to get more details.
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