Bitcoin Prices Over the Years – A Walk Down Memory Lane

In 2009, Bitcoin had just been created as such there were practically no exchanges or even an economy around the cryptocurrency – barely was there even an ecosystem around it. The price of Bitcoin in that year was hardly above $0 and was traded peer-to-peer (p2p) within a small network of people in online forums who believed in its viability and longevity.

 

In 2010

Bitcoin’s first recorded value was done in this year on the 17th of July with a price pegging at $0.05 per Bitcoin and it rose to a high of $0.35 in early November. 2010 was also the year that Bitcoin was used for its first ever known real world purchase when 10,000 Bitcoins were used to purchase two pizzas.

Hypothetically, if one had bought $100 worth of Bitcoin (BTC) at its highest value in 2010 which will be 285.7 BTC, the value today would have been $2.82 Million.

 

In 2011

Bitcoin’s opening price in this year was $0.33 as at the 1st of January, 2011. This price remained for the next two weeks and later jumped to a value of $0.40 per Bitcoin. The cryptocurrency’s value never dipped below $0.33 in this particular year.

The year 2011 recorded an 8,760% jump in value for Bitcoin with an All Time High (ATH) value of $29.24 recorded on the 10th of June.

Hypothetically, if one had bought $100 worth of Bitcoin (BTC) at its highest value in 2011 which will be 3.4 BTC, the value today would have been $34,000.

 

In 2012

Bitcoin experienced its lowest value with a drop to $4.24 on the 17th of February and its highest value was recorded on the 13th of December at a value of $13.66 per Bitcoin.

The year 2012 was not a particularly good year for ‘Bitcoiners’ but compared to stocks and bonds investments of the same year, Bitcoin’s returns were impressive with a Return on Investment (RoI) being 224%.

Hypothetically, if one had bought $100 worth of Bitcoin (BTC) at its highest value in 2011 which will be 7.27 BTC, the value today would have been $72,000.

 

In 2013

This was a remarkable year for Bitcoin as it had started gaining more traction and awareness. Several exchanges were opened in this year which meant that a recognizable economy was beginning to develop around the currency. The most widely used cryptocurrency exchange then was Mt.Gox which processed approximately 70% of all Bitcoin transactions globally.

The highest value for bitcoin in 2013 was recorded at $1,103 on the 29th of November which was an 8,500% increase on its lowest value for the same year at $12.63 on the 1st of January.

 

In 2014

This was a turbulent year for the Bitcoin economy mainly because the most popular exchange then Mt.Gox collapsed which saw the cryptocurrency price fall consistently all-year-round as it went from its highest of $956 on the 6th of January to a lowest of $310 on the 31st of December.

 

In 2015

The bottom for bitcoin was recorded on the 15th of January where a value of $192 per Bitcoin was recorded and it practically traded at this same value for about nine months after which it began to experience price recovery until it reached a high of $462 on the 19th of December.

 

In 2016

This was a comparatively impressive year for Bitcoin as it rose from its lowest recorded price of $373.45 on the 3rd of February to a high of $970 on the 29th of December. This means an increase of 160% when juxtaposing the highest value to the lowest.

 

In 2017

This year can be described as one of “mass awareness” due to the fact that there was a lot of mainstream media coverage of cryptocurrencies and this whipped interest in a great section of mainstream public.

Bitcoin’s lowest recorded value in the year 2017 was $815 on the 12th of January and rose to a high of $19,200 on the 17th of December.

The fact that the currency recorded an RoI of 2,260% (almost $20,000 per coin value) in the year brought it a lot of media attention. This also brought a lot of governmental jurisdictional attention even though it was not Bitcoin’s best performing year by way of RoI, neither was it the best performing cryptocurrency as other crypto-coins such as DASH (10,000% in RoI) and Ether (9000% in RoI) recorded significantly higher returns in comparison to Bitcoin.

 

In 2018

This year has seen Bitcoin fall more than 50% of its highest value recorded in the previous year of 2017 with the lowest value so far recorded at $6220 in its first quarter.

The 2018 second quarter however has been looking up with a possibility of seeing more upward strides as predicted by many crypto-economists and market trade analysts.

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