Exactly 13 years ago the lowest price of BTC ever was recorded, as you could buy 1000 BTC for $30, meaning 3 cents per BTC.
While today we may all seem so sad at the price levels of $30k and may be thinking it is a complete bear market, people in 2017 would have been dreaming of the current prices and probably be in complete euphoria right now. Further back some in 2015 at the prices of $500 per BTC would literally think that at best BTC could reach $30k maybe in a century, if ever. If we go even further back, actually MUCH further back, we would get to the oldest “price“ BTC has ever seen and that was quite literally the first BTC price candle ever. Sorry for the bad quality, but there are not many sources from back then. (Pic by Pete Rizzo) Here we can see how in 2010, where pretty much the first Bitcoin price chart ever launched (sorry for bad quality too, but there are barely any sources for this). There we had the BTC price at roughly $0.03, meaning just 3 cents for one BTC. Imagine you could literally find one bitcoin laying around on the streets after a bit of searching for three cents. Further you could buy 33 BTC for just $1, which would be $891k as of the current price. Unfathomable. And obviously you could get 1k BTC making you a whale for just $30. My intention was definitely to not create some hindsight here, but instead focus on how far Bitcoin has really come and how back then absolutely no one, not even Satoshi Nakamoto, could have though be anywhere near current price levels. What a journey it has been… submitted by /u/partymsl |