On 18 August 2008, the domain name bitcoin.org was registered. Later that year, on 31 October, a link to a paper authored by Satoshi Nakamoto titled Bitcoin: A Peer-to-Peer Electronic Cash System was posted to a cryptography mailing list.
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On 3 January 2009, the bitcoin network came into existence with Satoshi Nakamoto mining the genesis block of bitcoin (Block No. 0), which had a reward of 50 bitcoins. Embedded in the genesis block was the text.
The first open-source bitcoin client was released on 9 January 2009. programmer Hal Finney downloaded the bitcoin software the day it was released and received 10 bitcoins from Nakamoto in the world's first bitcoin transaction on 12 January 2009 (Block 170)
The first notable retail transaction involving physical goods was paid on May 22, 2010, by exchanging 10,000 mined BTC for two pizzas, marking May 22 as the Bitcoin Pizza Day for crypto-fans. At the time, a transaction's value was typically negotiated on the Bitcoin forum
The EFF, a non-profit group, started accepting bitcoins on January 2011 and then stopped taking them on June 2011, citing concerns about a lack of legal precedent about new currency systems. The EFF's decision was reversed on 17 May 13 when they resumed accepting bitcoin.
The #BitcoinTalk forum member NewLibertyStandard set up New Liberty Standard Exchange, and another forum user - Sirius - sent him 5050 #BTC in exchange for $5.02 through PayPal. This puts the first recorded price at which Bitcoin exchanged hands at $0.00099/BTC.
What Is Halving?
After every 4 yrs, the block reward given to #BTC miners for processing transactions is cut in half. This event is referred to as halving. Which new BTC is released into circulation. This is a way of enforcing synthetic price inflation until all BTC releases.
1st #BTC #Halving on 28 Nov 2012, and the price was on
O $2.67 H $2.78 L $2.66 C $2.66 364days From ATH
2nd #BTC #Halving On 9 Jul 2016, and the price was on
O $663 H $663.99 L $626 C $647.78 952days From ATH
3rd #BTC Halving on 11 May 2020, and the price was on
O $8740.88 H $9182.97 L $8181 C $8571.98 876Days From ATH
4th #BTC Halving will be on 23 May 2024
ATH 10 Nov 2021 Price Was $69000, Which means 925 Days from ATH.
(Disclaimer: All Prices are according to Bitstamp Chart)
My unpopular opinion, we still have plenty of time to DCA before the next Halving Event. My Strategy is 50 #DCA, and I will go all in when I see the maximum Bottom price or During the Halving Event.
#NFA #DYOR
All information is for education purposes only!
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On 3 January 2009, the bitcoin network came into existence with Satoshi Nakamoto mining the genesis block of bitcoin (Block No. 0), which had a reward of 50 bitcoins. Embedded in the genesis block was the text.
The first open-source bitcoin client was released on 9 January 2009. programmer Hal Finney downloaded the bitcoin software the day it was released and received 10 bitcoins from Nakamoto in the world's first bitcoin transaction on 12 January 2009 (Block 170)
The first notable retail transaction involving physical goods was paid on May 22, 2010, by exchanging 10,000 mined BTC for two pizzas, marking May 22 as the Bitcoin Pizza Day for crypto-fans. At the time, a transaction's value was typically negotiated on the Bitcoin forum
The EFF, a non-profit group, started accepting bitcoins on January 2011 and then stopped taking them on June 2011, citing concerns about a lack of legal precedent about new currency systems. The EFF's decision was reversed on 17 May 13 when they resumed accepting bitcoin.
The #BitcoinTalk forum member NewLibertyStandard set up New Liberty Standard Exchange, and another forum user - Sirius - sent him 5050 #BTC in exchange for $5.02 through PayPal. This puts the first recorded price at which Bitcoin exchanged hands at $0.00099/BTC.
What Is Halving?
After every 4 yrs, the block reward given to #BTC miners for processing transactions is cut in half. This event is referred to as halving. Which new BTC is released into circulation. This is a way of enforcing synthetic price inflation until all BTC releases.
1st #BTC #Halving on 28 Nov 2012, and the price was on
O $2.67 H $2.78 L $2.66 C $2.66 364days From ATH
2nd #BTC #Halving On 9 Jul 2016, and the price was on
O $663 H $663.99 L $626 C $647.78 952days From ATH
3rd #BTC Halving on 11 May 2020, and the price was on
O $8740.88 H $9182.97 L $8181 C $8571.98 876Days From ATH
4th #BTC Halving will be on 23 May 2024
ATH 10 Nov 2021 Price Was $69000, Which means 925 Days from ATH.
(Disclaimer: All Prices are according to Bitstamp Chart)
My unpopular opinion, we still have plenty of time to DCA before the next Halving Event. My Strategy is 50 #DCA, and I will go all in when I see the maximum Bottom price or During the Halving Event.
#NFA #DYOR
All information is for education purposes only!
