When is Bitcoin available (when did Bitcoin appear)

When is Bitcoin available? What is Bitcoin available When is Bitcoin available? It’s still quite lively now. From 2014 until early 2019, the market of Bitcoin continued to rise and fall, and it was not until the bear market in 2017 that it eased somewhat. But after 2020, the market began to recover and ran wild in the bull market, even reaching a price of around $20000 at one point. So the current BTC has exceeded last year’s historical high. Why is there such a big increase? Because we can see that many investors know that when you can’t see the price, you miss it. At that time, many people believed that Bitcoin was a scam, but in reality, that was not the case. They just thought that the coin was too expensive and too prone to speculation, leading to being deceived. This is the fundamental reason why we can truly help everyone make money. If such investment products do exist, will they have a huge wealth effect in the future? The answer is simple: no, absolutely impossible. As more and more people accept digital currency as a means of storing value, this consensus will continue to expand and eventually become a new asset class, a new form of investment, and may bring higher demand and greater market opportunities What is Bitcoin? Bitcoin was first designed by Satoshi Nakamoto in 2008. Its basic principle is to use mathematics to calculate the maximum size of a block (1 billion transactions can be processed per second), and then use a series of algorithms to encrypt and generate new blocks. This process is called “mining”, so that you can get corresponding rewards and benefits. These bitcoins were put forward in a paper published by Satoshi Nakamoto in 2009, and after strict program verification, the conclusion was that as long as everyone has the same goal, they can create more bitcoins – this is one of the greatest technological inventions in the world – of course, there are many problems even without success. The development process of Bitcoin

From the end of 2011 to the end of 2013, Bitcoin experienced a sharp decline. From early 2017 to mid April 2018, the overall market trend was very flat.

. A year later, Bitcoin entered a stable period, with transaction rates ranging from 30% to 80%, far below previous highs; At the same time, there was a significant decline, with the lowest price of Bitcoin dropping to around $2000. During this wave of rise, Bitcoin has been consistently declining. At that time, data showed that the highest price of Bitcoin hovered around $18500, but now it has dropped below $21000 On November 13, 2012, “Bitcoin” made headlines on Weibo, doubling by 300% in just a few hours and soaring to over $30000 on the same day. Within the following month, the price of Bitcoin continued to decline, currently approaching a record high of $3000 per piece; And this morning, it broke through the 40000 mark and once again hit a new high for the year; At the end of December, it reached a peak above 40000; On January 17th of this year, Bitcoin has experienced a cumulative increase of over 20%; At 9:40 this morning, the Ethereum 2.0 production reduction event happened. When did Bitcoin appear? Bitcoin is the first Cryptocurrency, because it was created by Satoshi Nakamoto. It was originally used as a means of payment or as a Medium of exchange for goods. On or about February 1, 2009, Satoshi Nakamoto released the first film called “The Bitcoin”, which is a Electronic cash system used to store value and exchange funds. At that time, people called it the Bitcoin Network (BTC). However, this project was not successful. Nevertheless, it is interesting that “one of the first people to use Bitcoin” was himself. When Satoshi Nakamoto released the software and started operation in early December 2010, he said, “I think it has appeared now.”

Satoshi Nakamoto published a series of papers on the development of Bitcoin, including: Bitcoin white paper, Bitcoin design method, distributed ledger technology, consensus mechanism, and discussion on decentralization technology These research reports all reveal a question: why do people use Bitcoin for payment? Satoshi Nakamoto envisioned a solution to this problem: First, Bitcoin is a decentralized network that can share its digital assets with anyone; Secondly, Bitcoin is not issued by central banks, but by private individuals; Third, if we want to become an alternative Fiat money, Bitcoin can no longer replace gold. Therefore, Satoshi Nakamoto tries to call this new currency model “BitCoin”, so that everyone can have their own data reserves

Satoshi Nakamoto proposed a new economic model – Bitcoin, but this theory was also resisted by some critics and opponents. The Economist magazine in 2018 pointed out that with the COVID-19 pandemic paralyzing the world, many people mistakenly defined it as a stable indicator of inflation. They say this is created because economic conditions do not allow the government to control the financial system. However, when we talk about Bitcoin, there is actually nothing that can stop its development. “What is Bitcoin?” Satoshi Nakamoto announced the working principle of Bitcoin at the end of 2012:

At the beginning of 2011, before Satoshi Nakamoto was founded in 2008, the two largest computer programs in the world were Windows and MacOS. Therefore, since then, the price of Bitcoin has skyrocketed to over $50000 and peaked in 2013. In the following months, prices plummeted all the way and eventually entered a trough. Afterwards, Bitcoin experienced a huge pullback and only regained its historical high of $33000 in mid August 2017. At the end of 2019, Bitcoin returned to its annual high of over $2000

In September 2016, Forbes reported, “Since 2015, Barry Silbert, CEO of Galaxy Digital, a NYSE American company, has switched to Bitcoin, and his personal Twitter account has also been deleted. Soon thereafter, a second major collapse occurred.