Sonisphere

• Bitcoin was created in 2008 as an alternative to centralized credit-based money issued by banks.
• It has experienced multiple price swings, with its value rising 1,000% and then dropping back by 80-90%.
• Despite this volatility, bitcoin’s worth has increased from $0 in 2009 to $68,000 in just 13 years.

Introduction

Bitcoin was created in 2008 to challenge the existing system of centralized, credit-based money issued by bureaucrats and unstable banks. By trusting code instead of human vulnerabilities, bitcoin offered a way out of that debacle. At first the new invention was nothing more than an experiment, but those who read the white paper and were knowledgeable of cryptography, money and finance, could already see it turning into something much bigger than a simple cryptographic toy.

Price History

Bitcoin’s price history is marked by multiple appreciations of 1,000% followed by drops of up to 90%. Figures vary based on data source chosen but since 2009 it has increased from $0 to $68,000 in just 13 years. Every single time there have been significant changes in its value it has bounced back and recovered its previous highs going on to set new ones.

FAQs

How many times has Bitcoin been declared dead? At least 463 times. It’s never been because of its monetary system failing or its technical operation breaking down, but because of its price crashing and macroeconomic events affecting it.

Conclusion

Bitcoin’s resilience despite volatile swings has proven some seasoned investors wrong while winning new supporters along the way. Its incredible journey from a humble beginning to becoming one of the most innovative monetary systems speaks volumes about its potential for further development in the future.

Price History Timeline

2010: Started at $0.003; High -$0.40; Low-$0; EOY-$0309 — 9900% Performance
2011: Started at $30; High-$32; Low-$29; EOY -$4701 — 1467% Performance
2012: Started at $4.70; High-$16; Low-$4; EOY -$1330 — 183% Performance
2013: Started at $1330 ; High-$1163 ; Low-$13 ; EOY -$8055 — 5953 % Performance
2014: Started at $805 ; High -$936 ; Low -$310 ; EOY -$318 — 61 % Performance
2015: Started at $318 ; High -$465 ; Low -$172 ; EOY -$434 — 36 % Performance
2016 : Started at $434 ; High -$981 ; Low -$351 ; EOY -$966 — 123 % Performance
2017: Started at $966; High-$19892; Low-$784; EOY–14245—1375%Performance
2018 :Startedat–13657High–18343Low–3217EOY –3809—72 %Performance
2019 :Startedat–3844High–13017Low–3401EOY –724088 %Performance
2020 :Startedat–7200High–29096Low–3850EOY –289551 302 %Performance
2021 :Startedat-28951High-68789Low-29796EOY –464360 60 %Performance