Since 2009, the main innovation of quantum-ai.trading had been the blockchain which is verified and distributed across an extensive network of computers. This network cannot be controlled by any third-party, country, or company.
The price history of Bitcoin
The changes in price for Bitcoin replicate the discontent and interest of investors with its promise. There are several factors including speculation which are responsible for any given price surge of Bitcoin. A change known as “the halving” happens every 4 years in this network. So far, this has taken place in 2012, 2016, and 2020. The price of Bitcoin became a record high in the year after each halving event.
Price of Bitcoin in 2013
There is no information regarding Bitcoin’s value at the beginning of 2013. The price of the cryptocurrency was approximately $744 in the month of December 2013. At that time, it did not appear in the mind of anybody that investing in Bitcoin would be really worthwhile in the long run. However, it is a fact that if somebody invested in Bitcoin in the year 2013, he will be extremely fortunate in case he waits till 2030.
In the year 2014, the price of Bitcoin became less, and individuals who invested in the cryptocurrency the previous year ended up selling it in 2014 thinking that the price will dip further in the near future. In fact, Bitcoin’s price was only $550 in 2014. This price became even less in the month of December of the same year, and it stood at $310 approximately. At that time, if somebody had thought that there was a possibility for the price to go up, he would be considered to be the bravest person out there.
Even though the price of this cryptocurrency dropped to approximately $226 initially in 2015, it became somewhat high in the month of December at $425. At that time, it was not known to many people that there would be a substantial surge in the price after several years.
The price of Bitcoin was approximately $380 in the month of January 2016, and it became somewhat high in December at $950. At that time, many people who purchased Bitcoin in 2013 ended up selling the cryptocurrency in 2015 when the price became somewhat high.
Although Bitcoin’s value in the month of January 2017 was approximately $900, it plummeted to $15,000 by the end of this year. This is definitely a substantial increase in price by any means.
The price of Bitcoin was around $15,000 in the month of January 2018, while it became only $3158 in the month of December.
Bitcoin’s price received a genuine boost in 2019 and 2020. The price of Bitcoin was approximately $3800 in the month of January 2019, while it was around $7200 in December of the same year.
At the beginning of 2020, Bitcoin’s price was approximately $9,000 and it plummeted to around $25,000 in the month of December the same year.
Factors influencing the present Bitcoin price
It is a fact that the maximum limit of Bitcoins that can be created is 21 million. The price of Bitcoin will become higher once it begins to get to this limit in the near future. Bitcoin is created at a particular rate these days. However, the number of coins created is slowed down since this rate becomes half at the interval of every 4 years. There is a possibility of the price of Bitcoin to rise so long as its supply is not able to satisfy the demand. Nonetheless, if the popularity of Bitcoin drops and supply becomes more than demand, then there is a possibility of the price of Bitcoin dropping as well.
Another influence for Bitcoin price is that several cryptocurrencies are being introduced on the market at present, and there is a possibility for the value of Bitcoin to drop in case these cryptocurrencies prove to be more valuable as compared to Bitcoin.
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