The Rise of Bitcoin
Exploring how the little cryptocurrency that could, became one of the world’s most sought after investments.
In May 2010, a man named Laszlo Hanyecz became the first person to use Bitcoin in a real world financial transaction. He offered 10 000 BTC to anyone willing to order him a pizza. Someone obliged and received their payment. In 2010 those 10 000 BTC were worth around $0.0025. In 2018, they would be worth nearly $110 million.
In July of the same year a man named Gavin Andresen created the Bitcoin Faucet, a website that gave out free Bitcoin. In the early stages this site gave out 5 BTC per visitor, in 2010 this was worth around 1 US cent. Today it would be worth over $50 000. If these stories show you anything, it’s that no one really knew just how enormous Bitcoin would be become in just 8 years.
Famous people who invested in Bitcoin
These days everyone from Paypal founder and billionaire venture capitalist Peter Thiel to Virgin founder Sir Richard Branson, and the infamous Winklevoss twins have invested in Bitcoin. In fact, the Winklevoss twins became the world's first Bitcoin billionaires in December 2017. Richard Branson is now accepting Bitcoin as payments for Virgins upcoming space flights. Along with those who have always been believers, those in the financial sector who doubted are starting to come around. JPMorgan Chase & Co CEO, Jamie Dimon, even admitted “I regret making comments saying Bitcoin is a fraud…” in an interview with Fox News earlier this year.
What was behind Bitcoin’s rise in 2017?
Bitcoins value increased nearly 2000% in 2017, going from just under $1000 a coin on January 1st 2017 to nearly $20 000 on December 16th of the same year. It’s difficult to pinpoint why exactly Bitcoin exploded in the latter half of 2017, but there are a few theories.
Firstly, Donald Trump's unlikely election drove people towards decentralized digital currencies due to his threats to tax money transfers from the USA to Mexico.
Economic and political uncertainty seemed rife in the last year which is why people started investing in Bitcoin, as their own currencies start to drop in value, Bitcoin only continues to rise. People buy Bitcoin for security, as a way to store their money away from the prying hands of their governments and banks.
Another factor was Japan accepting Bitcoin as a legal currency, a move their retail giants put their weight behind. For a long time now Japan has been seen an as an arbiter of technological change. So having them accept a digital currency as real payment seems to indicate that other large economies may follow the tech meccas lead.
Why should you invest in Bitcoin?
If its meteoric rise isn’t enough for you, or if you have been put off by its fluctuations in price, all you need to do is read the two stories at the top of this very article. What happens to Bitcoin non-believers is that they get left behind. You don’t want to be left behind. It is definitely not too late to get in on the investment opportunity of the decade. In fact the lower value can be considered a good thing as it means you can buy at a much lower price than you would have been able to even a month ago and then ride the wave all the way to the top when Bitcoins value starts soaring again.
What can you buy with Bitcoin
If all that is not enough to convince you, how about the fact that more and more companies are starting to accept Bitcoin as payment. Everyone from Lamborghini to Microsoft now let you pay for their products in Bitcoin. It’s not just large corporations either, you can get everything from ice-cream to craft beer, and even donate to charity, using Bitcoin. There are Bitcoin debit cards and ATMs, and for a little side of irony with your currency you can even print out special Bitcoin “notes” that contain all the information needed to make a transaction. The possibilities are endless and this is just the beginning.
Trading with Bitcoin Trader Code
Trading Bitcoin is the best way to capitalise on its popularity without being constantly buffeted around by the waves of value changes. Bitcoin Trader is the best way to Trade Bitcoin without actually having to buy it. As soon as you sign-up you will be connected with one of their registered brokers who will make sure you get FREE access to the trading platform.
Its unique algorithm calculates the exact right time to enter the market and make a trade. It has a whopping 99.4% success rate. That means that is makes bad trades less than 1% of the time. You will start seeing results almost immediately. With this software you can earn over $13,000 in just 24 hours. Thats over $500 an hour.
To start trading all you need to do is:
- Register at bitcointradercode.com: Enter your full name, email address and phone number. After that choose a password you will remember and click “sign up”
- Connect to broker: You will be connected to a registered broker who will handle your money for you and make sure you can withdraw your profits
- Deposit: Make your initial deposit of $250
- Trade: Start trading immediately
Looking to trade Bitcoin. There is no easier way to do it than with Bitcoin
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