8 Years Ago, Bitcoin Price Was $8. What’s The % Increase Today?

2019-6-3 17:18

It was around this exact time in 2011 where Bitcoin was trading at JUST a tiny fraction at which 1 BTC could get you $8.499 against the US Dollar – Very much under the radar from most.

Albeit it wasn’t as difficult as it was back then to own Cryptocurrencies. There weren’t as many exchanges as there is now and where could you even use these Cryptos?

Few people would never have imagined that the price of 1 BTC around this exact time in 2019 to be trading around $8,700 at the time of writing this article.

CEO of Binance CZ went to Twitter to pose the thought-provoking question tweeting the below;

“8 years ago, $BTC price was $8.499. What’s the % increase today?”

What are your thoughts?

Can you guess the percentage increase?

Twitter users replied to the tweet attempting to guess the correct percentage growth and it certainly raised questions.

…But first, if you haven’t got the answer yet just think about this.

If you bought 1 BTC back when it was trading at $8.49 and we are now trading at $8,700, that would have provided a 1000x times investment.

Essentially a 100,000% increase in value in 8 years!

Now, if you have managed to analyze previous price movements on Bitcoin, you would understand BTC has seen some astronomical gains but also some pretty brutal price corrections.

This just shows BTC is by no means on a slow linear uptrend, however, if you believe Cryptocurrencies can disrupt our traditional monetary system then perhaps you may be better holding?

Bitcoin – Should You HODL?

In a subtle way, CZ may have raised the question for investors to take a look at what is achievable through long-term holding.

Patience essentially pays off.

Bitcoin has weathered the storm through a number of years, each time coming back stronger and now that institutional backing is right around the corner we seem to just be getting started in the Cryptocurrency space.

With the Bitcoin 2020 Halving next year, many are predicting a significant run up in price and with only a maximum supply of 21,000,000 BTC, this will only create further urgency to own Bitcoin before it’s too late.

If you can see how Bitcoin has increased in value during the previous 8 years, imagine what the price will be in the next 8?

The post 8 Years Ago, Bitcoin Price Was $8. What’s The % Increase Today? appeared first on ZyCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 67324.36 (-0.62%)
Объем 24H $27.276b
Изменеия 24h: -0.78 %, 7d: -3.32 %
Cегодня L: $67324.36 - H: $68240.24
Капитализация $1326.704b Rank 1
Цена в час новости $ 7715.66 (772.57%)

bitcoin years today increase ago price difficult

Источник: zycrypto.com

bitcoin years → Результатов: 126


Analysis of Bitcoin ownership over time

Quick Take More than 10 years: 14.8% of the total Bitcoin supply is held by individuals or entities who have owned their Bitcoin for over 10 years. Between 7 and 10 years: 5.6% of the total Bitcoin supply is held by individuals or entities who have owned their Bitcoin for a duration falling between 7 […] The post Analysis of Bitcoin ownership over time appeared first on CryptoSlate.

2023-7-12 12:07


Фото:

Is Crypto’s ‘haven’ attribute at test in light of the latest geopolitical tensions?

Bitcoin, over the years, has prided itself on so many attributes, of which some have already been displayed along its journey in the world’s financial scenes. Bitcoin, over the years, has also been described by many experts and bitcoin fanatics as a ‘safe haven’ asset which serves as a hedge against inflation as well as […]

2022-3-19 21:08


Фото:

Bitcoin Whale Population Spikes to 1,882 – Highest Level in Three Years

The number of so-called whales with 1,000 bitcoin or more in their wallets has climbed to 1,882 from around 1,650 in January. It is the highest the numbers have reached in nearly three years. Whales may be defined as the Bitcoin ( BTC) community’s own version of the ‘deep state’, with the ability to swing […] The post Bitcoin Whale Population Spikes to 1,882 – Highest Level in Three Years appeared first on Bitcoin News.

2020-6-17 17:01


Two Years Later, Bitcoin Cash Is Still Not Bitcoin

Bitcoin Cash launched at Bitcoin block #478559, just over two years ago today. The Bitcoin block height as I write this is #588122. The Bitcoin Cash blockchain just added #593909. Two Years in Survival Mode In the intervening 100,000+ blocks, the chain has successfully proven that it can survive a hostile marketplace, multiple technical attacks, […] The post Two Years Later, Bitcoin Cash Is Still Not Bitcoin appeared first on CCN Markets

2019-8-2 22:36


Bitcoin proves to be outperforming assets that have been around for more than 100 years

Peter Brandt, an old school trader, detailed his reasons behind trading Bitcoin and explained how the Bitcoin market is the best the world has ever seen. There have been more than a few prominent people in and outside the cryptospace who have been following Bitcoin and its performance, which is clearly far better than any […] The post Bitcoin proves to be outperforming assets that have been around for more than 100 years appeared first on AMBCrypto.

2019-6-20 10:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin Stuck in a Range – But Bullishness Remains

Bitcoin is still trading under $70,000 per coin, a nearly 400% increase from its late 2022 lows. The market is bracing for a volatile 2024 presidential election and a long-awaited dovish pivot from the Federal Reserve.