Bitcoin bubble index over the years
on January 3, 2009, Nakamoto g up the first batch of 50 bitcoins on a small server in Helsinki, Finland
on May 21, 2010, the first bitcoin transaction: Laszlo hanyecz, a Florida programmer, bought a $25 pizza coupon with 10000 BTC
on July 16, 2010, the price of BTC rose by US $0.08 from US $0.008. The first sharp price fluctuation shows the rise of new things
on July 17, 2010, the first bitcoin platform was established
on November 6, 2010, the price on mtgox reached $0.5, and the bitcoin economy reached $1 million
on December 7, 2010, the first portable device to portable device transaction was realized on Nokia 900, with a transaction volume of 0.42btc
on February 9, 2011, the price reached US $1 for the first time, which is equivalent to US $1. The news that BTC is equivalent to us dollar has been widely reported by the media, which has aroused people's great attention, and the number of new users has increased greatly. In the next two months, bitcoin and pound sterling, Brazilian currency, Polish currency exchange trading platform has opened
on March 18, 2011, the BTC / USD exchange rate hit a seven week low, falling to US $0.7
on August 20, 2011, the first bitcoin conference and World Expo were held in New York. Among Google trend counties, bitcoin's attention reached a new high, with a price of $11 at that time
on November 14, 2011, the price of bitcoin hit a new half year low of $1.99
on September 15, 2012, the bitcoin conference was held in London. At this time, the price of bitcoin was $11.8
on September 27, 2012, bitcoin fund was founded, and the price of bitcoin was $12.46
on November 25, 2012, the first bitcoin conference in Europe was held in Prague, Czech Republic. At this time, the price of bitcoin was $12.6
on February 19, 2013, bitcoin client v8.0 was released. At this time, the price of bitcoin was $28.66
on April 10, 2013, BTC set a record high price of $110
on May 9, 2013, BTC Chinese, the largest bitcoin reporting website www.sosobtc.com The company obtained the investment fund Union Square's US $5 million round a investment, and the price of bitcoin was US $112.09 at this time< On May 28, 2013, the Department of Homeland Security banned the virtual currency service of Liberty Reserve, a Costa Rican exchange company, for its suspected xiqian and unlicensed fund transfer business, U.S. prosecutors said that this will become the largest international xiqian lawsuit in history, with the scale of absorbing money reaching 6 billion US dollars. A large number of users, including China, will lose all their money. At this time, the price of bitcoin is 128 US dollars
in June 2013, Netcom said that the United States will withdraw from qe3, deflationary bitcoin and quantitative easing monetary policy, which are the relationship between the two
on June 27, 2013, the German Conference made a decision: holding bitcoin for more than one year will be tax-free, which is considered by the instry to recognize the legal status of bitcoin. At this time, the price of bitcoin is $102.24
on June 28, 2013, mtgox obtained the monetary service license issued by the financial crime enforcement network office of the U.S. Department of the Treasury. Transaction standardization may mean that bitcoin is on the right track, government risk is reced, and its pace of integration into the display economy will be accelerated. At the same time, it will play an exemplary role in other virtual currencies. At this time, the price of bitcoin is $97.99
on November 28, 2013, the bitcoin trading price of Mt. GOx, a popular bitcoin exchange, broke through $1000, reaching a record high of $1073
on November 29, 2013, the trading price of bitcoin on Mt. GOx, a popular exchange, hit a record high of US $1242, while the price of gold was US $1241.98 an ounce, surpassing that of gold for the first time.
there should be key settings over there
but one of the chain mining presets I know seems to press v
Bitcoin is no stranger to a person who loves to invest. In 2008, bitcoin still appeared in our view at a very low price. But 18 years later, the price of bitcoin began to soar, and soon broke through the 10000 yuan mark. Now, bitcoin has exceeded 100000 yuan each, and bitcoin is not a real capital or material property, but a virtual currency. In the Internet, the value of such a virtual currency has been speculation above 100000 yuan. What is behind such madness
Some people also take advantage of this loophole to buy virtual currency abroad in the way of RMB, and finally cash out through trading, which is also a violation of China's foreign exchange system. Such a practice will undoubtedly lead to fire and even prison. Of course, the price of bitcoin is so high nowadays that most of the people who can afford to buy bitcoin are economic tycoons, and there will be no retail investors taking over< br />Not long ago, the total value of bitcoin in the world exceeded one billion US dollars for the first time. For a pure virtual currency without the support of a central bank or other authority, this is a remarkable achievement. But this is also temporary: we are experiencing a bitcoin bubble, and the bursting of bubbles is only a matter of time. P>
says bubbles are doomed to break down for several reasons. The first is: because it is a bubble, no matter what charts, if it grows into the above picture, it will usher in tears at the end of a certain moment. but there is a deeper reason - bitcoin is a strange mixture of goods and money. The commodity value of bitcoin is generated by its monetary value, but as its commodity attribute becomes more and more significant, its use as currency becomes smaller
the distrust of existing financial institutions by these people, including Nakamoto, is no exception. What makes Nakamoto different is that he turns this distrust into a philosophy, which is the most important driving force behind the bitcoin project. When he introced bitcoin to the world in February 2009, Nakamoto boasted that his new currency had achieved "complete decentralization and there was no credible party". Moreover, he explained in great detail the problems that he thought should be solved urgently:
"the fundamental problem of traditional currency is the trust needed to make it work. We must trust the central bank not to devalue the currency, but the history of fiat money is full of betrayal of this trust. We have to trust that banks will save our money and transfer them electronically, but they still lend money without reservation in the rising credit bubble. We have to trust them with our privacy and trust them not to let impostors take money out of our accounts. "
Nakamoto is not paranoid: what he said here is the same as Warren; What Mr. Buffett said in his letter to shareholders in 2012 doesn't make much difference
" under the current monetary system, known investment types include money market funds, bonds, mortgage loans, bank savings, and other forms. Most of these money based investments are considered "safe.". In fact, they are among the most dangerous assets "in the past century, these investment methods have destroyed the purchasing power of investors in many countries, even if they can continue to harvest principal and interest in a timely manner. In addition, this terrible consequence will reappear again and again. Governments determine the final value of money, and systemic factors occasionally bias them toward policies that trigger inflation. From time to time, such policies get out of control "even in the United States, which strongly appeals for currency stability, the depreciation of the US dollar since I took over the management of Berkshire in 1965 has reached an alarming 86%. What you could buy for a dollar back then costs as much as seven dollars today. " if you hold dollars, you have to trust the US government not to destroy your wealth. By contrast, bitcoin is built on distrust - it's designed to be a "everyone for himself" currency. In vain, because of his stupidity, he was criticized by many people in the bitcoin world: what did he think of storing his e-wallet on an Internet connected windows machine but even when using bitcoin, people have to trust others in the end - and the objects they trust often turn out to be unreliable zero trust this degree of distrust is not only a feature but also a loophole compared with the special coin - in fact, most of us are willing to outsource the task of hoarding wealth to a large trusted organization, rather than hiding $1000 under the black volcanic rock in the stone wall of the old oak root, Or a $90000 100 dollar bill wrapped in aluminum foil and hidden in the refrigerator. Managing bitcoin yourself is risky and requires high computer skills. But the trust needed to entrust one's own bitcoin to others is exactly what bitcoin aims to avoid bitcoin's inherent suspicion of financial institutions not only distinguishes it from legal tender, but also makes it different from other virtual currencies, such as Facebook coin in the United States, Q coin in China and linden coin in the world's largest virtual game second life. All of these virtual currencies are closely monitored by the company that invented them, and are of little value outside these particular economies some of these virtual currencies are about the same order of magnitude as bitcoin in scale, although it is difficult to compare them in the same sense for example, the annual revenue of Facebook coin is about one billion US dollars, and the market of Q coin in 2007 was so big that the people's Bank of China intervened and called on companies to stop trading with Q coin. In the recent bubble, bitcoins traded for more than $30 million a day, and most of the time they traded more than $5 million a day. The annual turnover will be about $2 billion, so long as the bubble will not burst. strong>
we can say that real estate is a typical bubble. Many experts will argue that there is no bubble.
we can say that RMB is a typical bubble, and it has too many issues. Experts are noisy, not much
What about bitcoin? Or you can have a fight. It's a bubble or a bubble.
bubble is not a thing itself, after all, the world's major powers, especially China, issue too many banknotes, so that paper money is constantly circulating in the market, and constantly promote all kinds of "price" to measure all the ups and down. Including land, including garlic, including basic living expenses, and so on
remember that bubbles are procts of massive currency issuance, not just one thing.
however, China's timely action has led to the United States lifting stones and hitting its own feet. If it continues to develop, it may be the Americans' own wool, so now the U.S. government is becoming more and more anxious
in 2017, China banned digital currency transactions such as ICO and bitcoin, avoiding the world's largest wool shearing and a huge tragedy.