10 FACTS YOU SHOULD KNOW ABOUT BITCOIN

in bitcoin •  7 years ago 

These are 10 facts you should know about Bitcoin.

Bitcoin was created on the 3rd of January 2009.

The inventor of Bitcoin is Satoshi Nakamoto but his real identity is still unknown and these may not be his real name.

No banks control Bitcoin. The price of Bitcoin is been affected by demand and supply.

Lamborghini was the first auto company to accept Bitcoin

Bitcoin is still banned in some countries

Only 21 million Bitcoin can exist.

In 2010, a man bought two pizza with 10,000 bitcoin. 3 years later, 10,000 bitcoin worth millions of dollars.

In 2011, Wikileaks start accepting Bitcoin as donations.

In July 2013, Thailand became the first country to ban Bitcoin.

In 2013, James Howells accidentally threw away a hard drive of 7,500 Bitcoin. When he realized the Bitcoin worth $7.5 million, he start seaching for it but sadly, he never found it.


Satosi Nakamoto

Photo credit: gizmodo.com.au, bbc.com

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Cool post (: I think that guy is named Satoshie but when they questioned him he alleged that he has nothing to do with bitcoin. At least that's what I saw him say in the documentary Banking on Bitcoin.

Thank you. I really appreciate your comment.

  ·  7 years ago (edited)

Other interesting stats 5 year historical (2012-2017)

Transactions*:
Jan-2012: 2.1 Million Transactions
Jan-2017: 184 MILLION Transactions

Wallet Users*:
Jan-2012: 420 users
Jan-2017: 11 MILLION USERS!!

Market Cap* (USD):
Jan-2012: $44 Million
Jan-2017: $16.4 BILLION!!

Altcoins MarketCap** (USD):
May-2013: $80.7 Million
Jan-2017: $2.2 BILLION

*Source: blockchain.info
**Source: coinmarketcap.com

Thank you. I appreciate.

You hear about a one world order won't they need a one world currency. Could that be bitcoin? I've told everyone I see they need to buy a little they tell me to buy barbwire and bullets. Myself I think I will continue buying bitcoin on dips do you think I'm wrong. Who knows.

It's easy for someone to dismiss something they don't quite understand. I think you're on the right track.. you can trade bitcoin for barbwire & bullets. You can also use bitcoin to buy silver & gold..

It good to buy bitcoin and other altcoin. But never invest money you are not willing to lose in crypto. Know when to buy and when to sell part of it. Warm regards.

Very nice !

I am glad you like my post. Thanks

I like quick fire info snippets ...just what I need from time to time when at work!!!

Thank. Glad you like my post.