Bitcoin 2008 White Paper-2009-2010 Price Inception
No doubt that these years were the years of Glory! Most important Years of the Technological Evolution, Revolutionizing the Payment System by eliminating third parties and banks' control upon one's capital of money. Everyone who read the White Paper when published in 2008, and afterwards researched it and understood what Bitcoin was while creating a capital waiting to be invested heavily in Bitcoin in long term means when it would be launched in 2009 on first price of 0.008, today are filthy rich in terms of US Dollars since Bitcoin is an Anti-Fiat asset class. However, not everyone might have understood Bitcoin and seen it just as another market to be traded and make money, especially seeing that Bitcoin's ROI which rose up 900% in price just 5 days after it's price lunch on various markets of exchanges. Just imagine back in the day, when with 1$ you could've literally purchased a shitload bag with Bitcoins, approx 1.200BTC's or even more.Or imagine when Bitcoin was gifted or given away on reddit and other platforms.. And look where we are now, when with 1$ U barely buy some satoshis, let alone a whole fraction or a whole Bitcoin. Look where we are now, when Bitcoin has become more of a greed game than being generous. To me, it is mindblowing what opportunities were presented for everyone who stumbled across Bitcoin back then. A time that WILL NEVER come back again, EVER. I can not comprehend the pain and regrets one might have today who knew about this at the time and did not took action. Or, the one's who just traded it due to Bitcoin's ROI in such a short term and nowadays have not what they had when first bought. Arghhh, Destiny ... I wish I were not a 7 years old kiddo when Bitcoin launched, and especially coming from a third world country when finding internet access was a luxury and impossible for poor-middle classes. Let alone mentioning the educational systems that never did any subject upon PC's education. I've been having restless and sleepless nights since I stumbled upon Bitcoin early 2020 after Covid plunged the markets, and I found Bitcoin at it's first price at around 6-7k or something. Finding me with not more than 1k in lifesaving to invest, when nearly 20% of my capital went just to get a cold storage wallet. Today, I find my self just looking on the web-world Bitcoin topics, documentaries behind it's technology, it's revolution etc etc. I feel unlucky and cursed stumbling upon Bitcoin 'so late' in terms of price and accumulation. I can never see my self owning a whole Bitcoin before 2025-2026 if what I have will be traded succesfully on the next peak to buy in lower after the next ATH deep's correction and bear market which is yet to come. And thanks to the Covid sh*t which left me unemployed from having a 250$ salary off taxes to have an income that I can invest monthly, that dream becomes even more far-fetched. I failed pursuing college to get a PHD/Diploma, or better said, I couldn't due to not having money to begin with. Now I'm stuck! I see my future being so gloomy, filled with hardships and thorns not having means of income to go on in life, creating a family or whatever. But hey, to whom am I talking to.. most of Bitcoin investors see Bitcoin to buy them a lambo, or lavish life access, while I'm standing and seeing Bitcoin as an asset that can free me from selling my time for worthless paychecks.. while I'm seeing Bitcoin as an asset which can be passed on to upcoming generations. I wonder why God didn't will for me to know about Bitcoin back than, and have an unimaginable portfolio today, when 100Bitcoin's at current price is equal to 1Million U$Dollars. An amount which could've settled all my blood relatives from the struggles of fiat money working as slaves, buying some real estate to create passive income and all this with only 50 Bitcoins, and the other 50 to be held for long term and be traded twice a year to accumulate more. I wish I was a person when with 1$ could've purchased around 1.000 Bitcoins, I have no doubt in my mind that I would've created an webpage for new Bitcoin incomers and share with them from my abundance. If anyone who read this till the end and it's an early investor up to 10$ per Bitcoin, consider sharing your wealth with your loved ones, friends who understand and want to HODL Bitcoin and to strangers the likes of me who didn't had the opportunity to do so. Afterall, when we die, we won't get any of wealth possession we might have. Cheer up for whatever U have. I have realized life's a b!tch and destiny it's a maze we will never understand from the logical point of view human beings have the ability to think of. I wish you all the best! And do not forget.. NOT YOUR KEYS, NOT YOUR COINS.
This is the chart of how the financial assets price reacted during 2008 subprime crisis. Bitcoin price is currently following the same pattern like 2008. Fasten your sea belt boys. It's gonna be one hell of a ride.
Many have been too quick to dismiss Bitcoin as a safe haven. A safe haven is mainly about protection from fiat debasement. So as USD has become the knee jerk safe haven (doubt that will last just like in 2008) it would have to take some hit if priced in dollars.
To everyone pointing to Bitcoin's bad rep with convictions of Charlie Shrem and Ross Ulbricht ... Ask how many bankers went to jail for 2008, LIBOR, and the Credit Default Swap price setting scandals.
LIBOR involved 500 Trillion dollars of currency The Credit Default Swap Price setting involved 300 Trillion dollars of assets. The 2008 crash involved Trillions of dollars of fraud and manipulation. Zero Banking Executives investigated, prosecuted, and jailed from any one major financial institution. Why then are convictions of people in the Bitcoin space pointed to as showing a need for more regulation? Shouldn't we be more worried in the vastly bigger market (i.e. 228,000 times larger) where nobody is going to jail? Edit: Okay, the truth is admittedly a bit more then zero success. We have an executive at a ~25 billion in revenue bank convicted in the LIBOR scandal. And a hand full of other bankers under prosecution. It does remain that the main defense of the low relative prosecutions involves complexity. For example, the Savings and Loan Crisis jailed 1000+ bankers over 100 billion dollars in the 1980's, even though the failures spanned far fewer institutions. But that means far less data, and much easier audit trails to track. Bitcoin leaves an immutable, undeniable audit trail in its wake. The larger the organization, the more transparent its operations are to analysis. Certainly individuals are more easily missed in governmental dragnets. But are they really the target, if you wish to cut down on money laundering? Criminal organizations?
How will a 2008-scale recession affect Bitcoin price?
Speaking purely out of ignorance, I think it would create panic selling, creating a glut of coin in the market and a crash in price. Then after the recession, those who bought during the downturn will hold, increasing the scarcity when the panic sellers return as buyers.
High levels of public interest may exaggerate price action; media reports of rising Bitcoin prices draw in greedy, uninformed speculators, creating a feedback loop. This typically leads to a bubble shortly followed by a crash. Bitcoin has experienced at least two such cycles and will likely experience more in future. Chart generated on TradingView.com . Drivers of Interest. Beyond the ... Digital money that’s instant, private, and free from bank fees. Download our official wallet app and start using Bitcoin today. Read news, start mining, and buy BTC or BCH. Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009. Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate ... Bitcoin in 2008 . History of Bitcoin price in 2008, 2009, 2010. On 18 August 2008, the domain name bitcoin.org was registered. ... As the market valuation of the total stock of bitcoins approached US $1 billion, some commentators called bitcoin prices a bubble. In early April 2013, the price per bitcoin dropped from $266 to around $50 and then rose to around $100. Over two weeks starting late ... Im Juni 2017 war der Bitcoin vorübergehend 10.000 Mal so viel wert wie Ende 2010. Im August hat der Bitcoin-Kurs nun einen neuen Höchststand erreicht. 2009 hatte der Bitcoin noch keinen Wert, der in anderen Währungen beziffert werden konnte. Diesen bekam die Kryptowährung erst ein Jahr später in Bitcointalk-Foren zugewiesen. Im Herbst 2010 waren es noch rund 0,08 Dollar. Sieben Jahre ...
BITCOIN ABOUT TO EXPLODE w. FINANCIAL CRISIS Happening EXACTLY HERE!!!
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