Learning hystory is always helpful.
Bitcoin, as the first cryptocurrency ever created, has an interesting history, which allows us to understand from which ideology this currency movement started
The known origins of Bitcoin date back to August 2008 with the registration of the bitcoin.org domain, and then follow with the publication on October 31st of the link to the whitepaper signed by Satoshi Nakamoto.
The link was sent in a cryptographic mailing list and the document was titled Bitcoin: A Peer-to-Peer Electronic Cash System
On January 3, 2009, the Genesis block, the first block of Bitcoin, was mined from Satoshi’s PC
Inside the block, there is the following text message:
The Times 03 / Jan / 2009 Chancellor on brink of second bailout for banks.
A few days later, on January 9, 2009, the first Open Source Bitcoin client (version 0.1) is released. Subsequently, the first 10 Bitcoin transaction takes place, carried out on January 12, 2009 in favor of Finney directly from Nakamoto.
From here begins a slow but inexorable spread of Bitcoin, with the birth of the BitcoinTalk forum
2010 opens with the birth of the first real exchange dedicated to the exchange of Bitcoin. In fact, on March 6, 2010, Bitcoin Market was born.
A few weeks later, on May 22, 2010, the first purchase via Bitcoin is made. These are two pizzas, paid with 10,000 Bitcoins, for a value of 25 Dollars.
On July 17, 2010, Mt.Gox, the historic Bitcoin exchange, was born.
At the beginning of 2011, SilkRoad was born, an online market for narcotics paid in bitcoin
On March 9, 2011, Bitcoin reaches the value of one dollar, reaching a capitalization close to 6 million dollars.
In the month of June, Bitcoin touches $ 10 on MtGox and then collapses after a hacker attack on the exchange.
In the month of July 2012 the giant Coinbase was born. The Bitcoin Foundation was born on October 27.
The first Halving takes place on December 28th, the Bitcoin mining difficulty grows with the Reward going from 50 to 25 BTC per block.
2013 is a very important year, the diffusion of the coin increases and various online shops are starting to accept it for payments.
on March 28, 2013, Bitcoin’s capitalization reaches $ 1 billion.
The first Bitcoin ATM is shown in May.
Bitcoin mania breaks out, thanks to the acceptance of BTC payments by the Chinese giant Baidu. The price begins to rise suddenly.
On 29 November 2013, the price exceeded 1000 dollars, a figure that was adjusted on 3 December, with a new high of 1147 dollars. A few days later, however, China’s BAN arrives for Bitcoin transactions. This leads to a collapse of the currency, which returns below 700 Dollars.
At the beginning of February 2014, the Mt. Gox exchange suspended withdrawals for technical reasons. At the end of the same month, Mt Gox filed an application for bankruptcy protection in Japan, announcing that it had suffered a theft of 750,000 Bitcoins. Panic arises among the crypto community and the price of Bitcoin suddenly drops below $ 300.
On 8 October 2015, the Winklevoss Brothers created the Gemini exchange.
On January 14, 2016, the Lightning Network WhitePaper was published, Bitcoin’s off-chain solution aimed at improving scalability and reducing transaction fees.
In April 2016, Steam begins accepting Bitcoin payment for video games and other online media.
At the end of the year, the price of Bitcoin goes up approaching 1000 Dollars.
2017 is the year of the first records, in which Bitcoin and all cryptocurrencies have reached their new ATH, obtaining the maximum diffusion and popularity.
on April 1, 2017, Japan passed a law recognizing Bitcoin as a payment tool by implementing a series of anti-money laundering (KYC) policies for local exchanges.
A hard fork takes place on August 1st, from which Bitcoin Cash is born.
The capitalization of Bitcoin on 20 October 2017 touches 100 billion dollars.
On November 29th, BTC reaches 10 thousand dollars, and on December 1st 2017 the first American Bitcoin Futures is approved.
On December 17, 2017 Bitcoin touches the record value of 19,783.21 Dollars, marking the new ATH.
2018: Crypto Crash, Lightning Network, hashrate growing.
2018 is the year of the great correction, as well as of the crypto crash, which saw the capitalization of the cryptocurrency market drop significantly and channel a downward trend.