The road that Bitcoin has traveled

A few days ago, my bitcoin skyrocketed and the market was in a jubilant mood. I posted on a social media:"

Within two days, mainstream finance is about to issue a message saying that bitcoin is a bubble."

Sure enough, at 3 o'clock on the afternoon of April 4, a certain financial can't wait.

The quote from Jimmy Dimon in 2017 suggests that bitcoin is a bubble.

It is estimated that some financial resources will live in 2017 for traffic. At 2018, Jimmy Dimon has regretted that Bitcoin is a kind of fraud, and in 2019, JP Morgan launched JPcoin to support his comments.

Looking at the history of the rise of Bitcoin, it is a living history.

Early 2008-2009

On August 18, 2008, the domain name was registered. Later on October 31, a link by Satoshi Nakamoto entitled "Bitcoin: Peer-to-Peer Electronic Cash System" was posted on the encrypted mailing list. . On November 9, the Bitcoin project was registered on the open source project community resource

One of the first supporters, adopters, and one of Bitcoin's contributors and receivers was the programmer Hal Finney. Finney downloaded the Bitcoin software on the day of its release and received 10 bitcoins from Nakamoto in the world's first bitcoin transaction. Other early supporters were Wei Dai, the creator of Bitcoin's predecessor, b-money, and Nick Szabo, the creator of bitcoin's predecessor, bit gold. Before disappearing from any participating bitcoin, Nakamoto handed over the reins to developer Gavin Andresen, who later became the bitcoin chief developer of the Bitcoin Foundation, an “anarchic” bitcoin community. The person closest to the official public face.

What is the value of Bitcoin in 2009? This is one of the most popular questions about historical bitcoin. The value of the first bitcoin transaction was negotiated by individuals on the Bitcoin Forum, one of which was 10,000 BTC for indirect purchase of two pizzas offered by Papa John's. This is the only major security hole discovered and exploited in the history of Bitcoin.

On January 3rd, the first block in the creation block – Bitcoin blockchain appeared. 50 BTC is generated at 18:15:05 (Greenwich Mean Time).

In 2019, the first version of Bitcoin v0.1 was released on January 9.

The first bitcoin transaction on January 12, (block #170). The sender is Satoshi Nakamoto. The recipient is Hal Finney.

On October 5th, the first bitcoin course to exchange US dollars was released: $1 = 1,309.03 bitcoin. The New Free Standards Stock Exchange launched an open offer.

2010-2011 first wave of bull market

In 2010, the first online purchase of Bitcoin on May 22nd. Laszlo Hanyecz (indireclty) buys Papa John's Pizza for 10,000 coins ($25 – 1 coin with a bitcoin value of 0.0025 cents).

In 2011, you said that the Electronic Frontier Foundation is a non-profit organization that began accepting bitcoin in January 2011 and then stopped accepting bitcoin in June 2011 on the grounds that it lacked legal precedents for the new monetary system.

The exchange rate of USD to BTC on June 2 is $10. Within six days, MtGox's bitcoin value was fixed at $31.91.

On June 12, the BTC exchange rate against the US dollar fell to $10.

The first theft occurred on June 13 in the history of Bitcoin. User allinvain reports 25,000 coins ($375 thousand).

June 19 MtGox's database encountered a security hole. The names of 60,000 users, password hashes and emails were stolen. An unknown hacker accesses the MtGox administrative account and sends hundreds of thousands of fake bitcoins, reducing the value of the cryptocurrency from $17.5 per coin to 1 cent per coin. Recovered after one week of sales. On the same day, thousands of coins were stolen from the MyBitcoin account. This is one of the biggest bitcoin crashes in history (hacking).

The second wave of bulls in 2012-2013

In 2012, after a security upgrade on Linode on March 1, approximately 50,000 BTCs were stolen; this is the largest bitcoin theft ever.

In October 2013, the FBI seized approximately 26,000 BTCs from the Silk Road website during the arrest of the alleged boss, Ross William Ulbricht.

October 29 Robocoin and Bitcoiniacs launch the world's first Bitcoin ATM in Vancouver, British Columbia, Canada, allowing customers to sell or buy bitcoin currency at a coffee shop in the city centre. Chinese Internet giant Baidu allows customers of website security services to pay in bitcoin.

November BTC, with the support of US game developer Zynga, Bitcoin became the first time in history to exceed $1,000.

In November, the University of Nicosia announced that it would accept Bitcoin as a tuition fee, and the university’s chief financial officer called it “the gold of tomorrow”. In November 2013, China Bitcoin Exchange BTC China surpassed Japan's Mt. Gox and Europe-based Bitstamp to become the most traded bitcoin exchange.

December announced plans to accept Bitcoin in the second half of 2014.

On December 5, the People's Bank of China prohibited Chinese financial institutions from using Bitcoin. After the announcement, the value of Bitcoin fell, and Baidu no longer accepts Bitcoin for certain services. On December 9th, $100 was stolen from the Bitcoin wallet.

The longest bear market in 2014-2015

In 2014, a documentary "The Rise and Rise of Bitcoin" was released in 2014, interviewing Bitcoin users such as computer programmers and drug dealers.

On January 28th, the vice president of the Bitcoin Foundation was arrested on charges of money laundering. The Bitcoin exchange rate fell by $40 due to the consequent panic.

Mt.Gox, one of the largest bitcoin exchanges in February, withdrew its withdrawal due to technical issues. By the end of the month, the mountain. Gox has filed for bankruptcy protection in Japan because of reports that 744,000 bitcoins were stolen. A few months before the application, the popularity of the mountain. Gox has weakened due to user difficulties in withdrawing money.

In March 2015, Bitcoin startup 21 Inc. announced that it had raised $116 million in venture capital, the largest amount for all digital currency-related companies.

Due to his role as an operator in the Silk Road market, May Ulbricht was found guilty of seven counts of money laundering, computer hacking and drug conspiracy in February.

Prior to July, federal agents Carl Force IV (DEA) and Shaun Bridges (the Secret Service) admitted to stealing bitcoin during the active investigation of the Silk Road market.

2016-2017 longest bull market

In 2016, the number of Bitcoin ATMs in September doubled in the past 18 months, reaching 771 ATMs worldwide.

January. After the rebound in most of the second half of 2016, Bitcoin broke through the $1,000 mark for the first time in three years. Media reports have led to the influx of new users, allegedly being more expensive.

In April, Japan recognized Bitcoin as a legal payment method. After several months of debate, the country’s legislature passed a law that allows bitcoin exchanges to comply with anti-money laundering rules/information about your customers and classify bitcoin as a prepayment instrument.

On June 12, the exchange rate of bitcoin to BTC exceeded $3,000.

Bitcoin is divided into two derivative digital currencies on August 1st, namely Classic Bitcoin (BTC) and Bitcoin Cash (BCH). The split is known as the bitcoin cash hard fork.

The bitcoin exchange rate exceeded $5,000 on September 1.

On September 4, the seven ministries of the Chinese government ordered the cryptocurrency and ICO to be banned, and the domestic exchanges were all shut down.

On November 29, 2017, the price of Bitcoin exceeded $10,000.

December Cboe Global Markets began offering bitcoin futures, allowing investors to guess bitcoin prices.

On December 11, the world's most popular cryptocurrency futures rose 26% from the opening price of the Chicago Board of Trade's global market company's debut, triggering two temporary trading stops aimed at quelling the market.

December 18th. Bitcoin hit a record high, but did not reach $20,000. It has created the biggest "mad cow" of Bitcoin.

2018-2019 Seeking a road to compliance

2018, January 30 Facebook prohibits people from fully promoting Bitcoin and other cryptocurrencies.

On February 5th, the price of Bitcoin fell by 50% in 16 days and fell below $7,000.

On August 22, the SEC rejected nine ETF applications, and applications from companies such as Direxion, ProShares, and GraniteShares were rejected.

In February of this year, another SEC commissioner, Robert Jackson, publicly stated that he expected the SEC to pass a bitcoin ETF sooner or later.

I personally think that sec through the Bitcoin ETF is only a matter of time, and the pace of going to the public will not stop for a moment.

We will continue to update Blocking; if you have any questions or suggestions, please contact us!


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