Bitcoin History and The Future of Cryptocurrencies - #Blog #1

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Bitcoin History

October 31, 2008: Bitcoin Technical Document published by Satoshi Nakamoto.

January 3, 2009: The first Bitcoin block is created.

January 12, 2009: The first Bitcoin transfer took place between Nakamoto and programmer Hal Finney.

October 5, 2009: The exchange named New Liberty Standard published the first Bitcoin exchange rate. $1 = 1,309.03 BTC ?? (Those who bought managed to get rich ??)

May 22, 2010: On the BitcoinTalk forum, a user named Laszlo Hanyecz paid 10,000 Bitcoin for 2 pizzas, considered the first true Bitcoin exchange. May 22nd is celebrated annually as "Bitcoin Pizza Day". (I like pizza, but that person paid a lot of bitcoins for two pizzas and I wonder if he's still eating pizza right now? ????)

July 2010: First Bitcoin exchange, Mt.Gox is established.

August 2010: Bitcoin market value exceeded $1 million. 1 BTC = $0.5 (cheap but unfortunately we couldn't get it ??)

February 9, 2011: Bitcoin equalized to US Dollar for the first time. 1 BTC = $1

April 23, 2011: With the start of the sale of Bitcoin in Euro and British Pound, its market value reached around 10 Million Dollars.

June 8, 2011: Bitcoin hits $31.89.

September 27, 2012: The Bitcoin Foundation is established.

November 28, 2012: The 1st Bitcoin Block Reward Halving took place. Bitcoin block reward dropped from 50 BTC to 25 BTC.

Bitcoin started to be recognized gradually after these years.

28 March 2013: Market value of Bitcoin exceeded $1 Billion.

April 2013: Bitcoin price exceeds $100.

May 2, 2013: The first Bitcoin ATM went into operation in San Diego / California.

October 2, 2013: FBI seized $3.6 million worth of Bitcoin by closing Silk Road. (??)

February 2014: Mt.Gox closed due to technical problems. At the end of the month, it was reported that 744,000 Bitcoins were stolen and applied for protection from bankruptcy.

January 26, 2015: COINBASE started operating in 25 states as the first regulated exchange in the USA. (wow Coinbase ??)

March 2016: The Japanese Council of Ministers acknowledged that virtual currencies like Bitcoin have a similar function to real money.

July 9, 2016: The 2nd Bitcoin Block Reward Halving took place. Bitcoin block reward dropped from 25 BTC to 12.5 BTC.

November 2016: The number of Bitcoin ATMs has doubled in the last 18 months to 771.

April 1, 2017: Japan accepted Bitcoin as its official payment method.

July 1, 2017: A new cryptocurrency called Bitcoin Cash emerged by forking the Bitcoin blockchain.

September 3, 2017: China banned companies from raising funds with ICOs.

October 12, 2017: JP Morgan CEO Jamie Dimon calls Bitcoin a fraud.

October 15, 2017: China announced that cryptocurrency trading platforms will be shut down.

October 31, 2017: CME Group announced that Bitcoin will be opened for futures.

November 28, 2017: Bitcoin price exceeds $10,000. (wow very expensive ??)

December 11, 2017: Bitcoin futures started on the Chicago (CBOE) stock exchange.

December 17, 2017: Bitcoin reached its highest value of $20,089. (highest value in history ????)

January 13, 2018: 16.800.000 with the production of Bitcoin, 80% of the total Bitcoin was produced.

January 30, 2018: Facebook banned cryptocurrency ads.

March 7, 2018: The U.S., Exchanges and Securities Commission (SEC) imposes registration on cryptocurrency trading platforms.

March 14, 2018: Google banned cryptocurrency ads.

March 26, 2018: Twitter announced that it will ban cryptocurrency ads.

May 2, 2018: Goldman Sachs announced that it will open a Bitcoin investment operation.

January 3, 2020: Bitcoin is 11 years old! (Happy Birthday ??)

May 11, 2020: The 3rd Bitcoin Block Reward Halving took place. Bitcoin block reward dropped from 12.5 BTC to 6.25 BTC.

How did the Covid-19 era affect Bitcoin?

Since the priority of people in the epidemic was to continue their lives in a healthy way, investment thoughts were delayed and uncertainty occurred. During this period, the need for cash emerged. For this reason, Bitcoin and other cryptocurrencies have fallen.

Please be safe during this period.??

Bitcoin, which has come from the past to the present, will again be the crypto money of the future.

You can comment on your cryptocurrency predictions that may rival Bitcoin in the future.

The Future of Cryptocurrencies

A financial system that only goes over dollars from a single source will gradually lose its weight. Even with the blockage starting from business applications, crypto coins will be shaped according to trade. Central Banks will issue cryptocurrencies that can be regionalized according to their trade with the help of leading technology companies. 

These are just my guesses, but the future of cryptocurrencies is very bright in the future. There are many unnecessary cryptocurrencies. Only a few of the cryptocurrencies can come to good places in the future.

 

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