Price of bitcoin from 2010 to 2017

When bitcoin first appeared in 2009, its price was less than 1 cent. One dollar could be converted into 1300 bitcoins, that is to say, seven yuan could be converted into 1300 bitcoins

on May 5, 2017, bitfinex, an overseas digital currency trading platform, quoted a price. Bitcoin once hit US $1700, about RMB 11737

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in China, some Taobao stores have also begun to accept the use of bitcoin, and businesses will graally increase

in October 2013, the first bitcoin quarterly, one bit, was released

on October 15, 2013, the network accelerator service of the network announced its support for bitcoin

on October 26, 2013, btcmini reported that GBL was hacked

on October 31, 2013, Lei Teng, a famous Internet lawyer, proposed the event of "filing a case to investigate the closure of GBL bitcoin trading platform as soon as possible", analyzed the "value function" and "use function" of bitcoin, and bitcoin should be governed by relevant laws

on December 5, 2013, notice of the Ministry of instry and information technology of the people's Bank of China, China Banking Regulatory Commission, China Securities Regulatory Commission and China Insurance Regulatory Commission on preventing bitcoin risk: bitcoin is a specific virtual commodity; Bitcoin trading is a kind of commodity trading on the Internet. Ordinary people have the freedom to participate in it at their own risk

on September 4, 2017, the announcement of the people's Bank of China Central Network Information Office, Ministry of instry and information technology, State Administration for Instry and commerce, China Banking Regulatory Commission, China Securities Regulatory Commission and China Insurance Regulatory Commission on preventing the risk of token issuance financing: it is prohibited to engage in token issuance financing activities (ICO)

the trading platform shall not engage in the exchange business between legal tender and token, or virtual currency, or buy or sell token or virtual currency as a central counter party, or provide pricing, information intermediary and other services for token or virtual currency

on November 2, 2018, the people's Bank of China released the 12th topic of China financial stability report 2018, which talked about "encrypted assets"

When bitcoin first appeared in 2009, its price was less than 1 cent. One dollar could be converted into 1300 bitcoins, that is to say, seven yuan could be converted into 1300 bitcoins. On May 5, 2017, bitfinex, an overseas digital currency trading platform, quoted a price. Bitcoin once hit US $1700, or about RMB 11737

the concept of bitcoin was first proposed by Nakamoto on November 1, 2008, and was officially born on January 3, 2009. According to the idea of Nakamoto, the open source software is designed and released, and the P2P network on it is constructed. Bitcoin is a virtual encrypted digital currency in the form of P2P. Point to point transmission means a decentralized payment system

unlike all currencies, bitcoin does not rely on specific currency institutions. It is generated by a large number of calculations based on specific algorithms. Bitcoin economy uses the distributed database composed of many nodes in the whole P2P network to confirm and record all transactions, and uses the design of cryptography to ensure the security of all aspects of currency circulation

the decentralized feature and algorithm of P2P can ensure that it is impossible to artificially control the value of bitcoin by mass manufacturing. The design based on cryptography can make bitcoin only be transferred or paid by the real owner. This also ensures the anonymity of money ownership and circulation transactions. The biggest difference between bitcoin and other virtual currencies is that the total amount of bitcoin is very limited and it has a strong scarcity

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transaction method

bitcoin is e-cash similar to e-mail, and both parties need "bitcoin wallet" similar to e-mail and "bitcoin address" similar to e-mail address. Just like sending and receiving e-mail, the remitter pays bitcoin directly to the other party through a computer or smart phone according to the recipient's address. The following table lists some websites that download bitcoin wallets and addresses for free

a bitcoin address is a string of about 33 characters long, consisting of letters and numbers, always starting with 1 or 3, such as & quot& quot; Bitcoin software can generate address automatically, and it doesn't need to exchange information online, so it can be offline. There are a lot of bitcoin addresses available

the bitcoin address and private key appear in pairs, and their relationship is just like the bank card number and password. A bitcoin address is like a bank card number, which is used to record how much bitcoin is stored in the address. You can generate bitcoin address to store bitcoin at will. When each bitcoin address is generated, a corresponding private key of the address will be generated

this private key can prove ownership of the bitcoin at the address. The bitcoin address can be simply understood as the bank card number, and the private key of the address can be understood as the password of the corresponding bank card number. Only when you know the bank password can you use the money on the bank card number. Therefore, please keep the address and private key when using bitcoin wallet

source of reference: network bitcoin

In 2009, when bitcoin first appeared, one dollar could buy 1300 bitcoins. In 2010, it was only $0.003. In November 2013, the highest price created by bitcoin reached 8000 yuan for the first time. In 2017, bitcoin's price rose wildly. In this year, bitcoin once created the highest price in history, with the highest value of about 20000 US dollars

that is to say, a bitcoin costs about 130000 yuan. According to the proportion, bitcoin has soared by 2.73 million times in eight years, becoming a well deserved proct with huge profits. According to the data of coindesk digital currency trading platform, the price of bitcoin once fell below $6000 in 18 years, and it has dropped 70% compared with the highest value of $20000 in 2017

with the decline of bitcoin, many digital currencies have been affected, with a decline of more than 10%. It has been less than 10 years since the development of digital currency. Many large enterprises can't compare with it. It can be seen that the future of digital currency is worth looking forward to

According to plan B's model, after halving in 2020, the market value of bitcoin will reach $1 trillion, in other words, the price of each bitcoin will be $55000

Plan B, a famous encryption analyst, uses his S2F model to show the impact of bitcoin halving on the price. At present, bitcoin's S2F is 25, but it will halve to 50 in a few months, which is closer to the value of gold inventory flow

the parabola super rising trend model of bitcoin is closely related to the inventory flow analysis model of plan B. Although many investors are opposed to the idea of a parabolic rise, since Marti Malmi sold the first bitcoin in legal tender in 2009, bitcoin has grown by 2232111011.11% and reached an all-time high of $20000 in 2017< br />

ten years from now, the price of bitcoin is unknown On June 26, the price of bitcoin broke through US $12000, a 17 month high since January last year. In the morning of June 27, the price of bitcoin was close to $14000, reaching a new high of the year