WHAT IS BITCOIN
CRYPTOCURRENCY: -
Cryptocurrency is a digital currency, which works without interference from any government or central authorities. Cryptocurrencies can digitally transfer or receive. It has many different cryptocurrencies, such as bitcoin, litecoin, ripple, ethereum, monero, etc. cryptocurrency is run by blockchain technology. Cryptocurrencies can be earned by mining on online apps or sites. The most popular coin in this is bitcoin, about which we will tell you in detail.
Bitcoin is a cryptocurrency ie digital currency. bitcoin cryptocurrency can be digitally user to user sent or receive without any intermediaries. Bitcoin cryptocurrency can be collected by mining. Cryptocurrency bitcoin is mostly used as an investment. And in today's era, the highest market grossing cryptocurrency is Bitcoin.
HOW TO GET BITCOIN? HOW TO BUY BITCOIN
Bitcoin cryptocurrency, like the rest of the cryptocurrency, is earned from the mining process itself. You can travel from satoshi to bitcoin by just daily mining by downloading the bitcoin app online. A total of 1/100000000 is made up of 1 Bitcoin. In the mining process, you have to pay some amount on daily single mining, after which you get satoshi.
Another way to earn bitcoin is to first invest in
low-investment cryptocurrency and slowly exchange those coins and convert them
to bitcoin.
There are many cryptocurrencies in the market which are still grossing the market slowly, which can be taken even in low investment. For example, ethereum ETH is currently priced at 1,584 USD. And bitcoin is BTC price Now 56,781 USD. That is, if you have 50 + ethereum ETH in the coming time, you can buy or exchange 1 Bitcoin BTC.
BITCOIN PRICE NOW
The Bitcoin market has been growing since the early days due to grossing. If said in USD, the Bitcoin price in USD today is 56,781 USD which is 42,07,261 INR.
BITCOIN PRICE HISTORY
Bitcoin was invented in 2008 (Bitcoin.org), its official site.
2011 - 2012 BITCOIN PRICE HISTORY
Bitcoin price rates started in 2011 when it was only 0.30 USD per bitcoin price. By the end of the same year, it was 5.27 USD per bitcoin. Then at the beginning of June, it was 31.50 USD per Bitcoin, but it did not last long and the bitcoin rate fell from 31.50 $ to 11.00 $.
Then in 2012 the bitcoin price started at 5.27 USD, Bitcoin price was at 7.38 USD in January, but then it reached 3.80 a few days later and continued to decrease at the same rate for a few months. Then on August 17, the price of bitcoin rose from 3.80 $ to 16.41 $ in 2012 and then in the next 3 days the bitcoin price dropped to 7.10 USD, falling by 57%. Thus from 2011 to 2012 bitcoin price history was not much.
But then bitcoin software was advanced and developed which resulted in better results.
2013 - 2014 BITCOIN PRICE HISTORY
In 2013, the bitcoin price started at $ 13.30 and by January 1 2014, the price of bitcoin had risen to $ 770. This was the largest bitcoin value to date.
In April 2013, due to some delays, the price of bitcoin went from 266 $ to 76 $ but then in the next 6 hrs it was recovered and brought the bitcoin price to 160 $.
On 19 November, the bitcoin price was at 755 $, but on the same day after a few hrs, the bitcoin price reached 378 $. Then on 30 November 2013, the bitcoin price reached 1163 $. But then by 2015 January, the price of bitcoin declined by 87% to reach $ 152.
In 2014, the bitcoin price started at $ 770 which reached about $ 314 by the end of the year.
2015 - 2016 BITCOIN PRICE HISTORY
In 2015, the bitcoin price started from $ 314 to last $ 434 at the end of the year. And then from 2016 January to 2017 January, the bitcoin price reached 998 $.
2017-2019 BITCOIN PRICE HISTORY
After the bitcoin software was publically announced in 2017,
the price of bitcoin started increasing. In July 2017, there was a 2748 $
bitcoin price but after 15 days in the same month, 52% bitcoin price dropped
and reached 1835 $. But then gradually the bitcoin price started increasing
monthly and reached the bitcoin price at $ 19783.06 in December 2017, which was
considered to be the highest in the bitcoin price history. Then in 2018
January, the bitcoin price came to 13412 $.
In 2018 China banned bitcoin due to which the price of bitcoin fell from $ 9052 to $ 6914. Because of this action by China, the bitcoin price kept swinging between $ 11480 to $ 5848 in 2018.
In 2019 January the bitcoin price increased to 3747 $. In 2018, a total of $ 761 million was stolen during the cryptocurrency exchange, leading to many questions on bitcoin security. But then slowly the bitcoin price reached 13000 $ by June 2019.
2020 HISTORY OF BITCOIN PRICE
On the initial day's bitcoin created a lot of buzz in the market, a total of 281000 bitcoins were sold in just 30 days. But then due to the covid pandemic, the bitcoin rate fell from $ 4000 in March 2020. Which was running at some 10,000 $ in February 2020. Then in November 2020, PayPal company announced that users can use bit PayPal in the US to exchange bitcoin, buy, sell or exchange. So due to these benefits, bitcoin grossed an all-time high rate in the all over US market, which was some 19860 $.
In December 2020, when bitcoin was granted authority in the
US, the Massachusetts mutual life insurance company purchased 100 million
dollars of bitcoin. And in 2021 January Elon musk placed #bitcoin on his
Twitter. Because of that, the 5000 dollar price bitcoin rate increased to 37299
$ in just 1 hrs. And then as the Elon musk owned company tesla announced that
as a payment bitcoin cryptocurrency will also be accepted on the purchase of
the vehicle, then due to this offer, the bitcoin direct reached $ 44,141 to $
37,299. That is, INR 31,96095.32 as of today, the per-bitcoin price is 42 lakh
INR.
CONCLUSION -
From the price history of bitcoin, it can be inferred that
the cryptocurrency which was less and non-popular in the initial time has
become the most popular and effective today. If you also want to invest
something for your future, then cryptocurrency must do bitcoin once.