Content adapted from this Zerohedge.com article : Source
It has been a breakthrough year for the world's original cryptocurrency. At time of publication, the bitcoin price is at $9,650 – about 10X higher than how the cryptocurrency started the year. Further, as Visual Capitalist's Jeff Desjardins notes, bitcoins are now on the brink of passing the important psychological barrier of $10,000, and it could do so at any moment based on current momentum.
Today's infographic from Blockchain Intelligence Group helps to visualize the ups and downs of the cryptocurrency on its journey to $10,000.
Courtesy of: Visual Capitalist
Note: once the price hits the $10,000 barrier, we'll do a final update on this graphic to make sure that's represented.
THE JOURNEY TO $10,000 BITCOIN
Here are some of the key events that transpired over the last 11 months:
And here is how long it took bitcoins to hit each $1,000 barrier:
Note: These time periods are calculated based on closing prices for the Bitcoin Price Index on Coindesk.
THE YEAR OF THE ICO
While the journey to $10,000 bitcoin is an incredible one, it is part of a wider story as well.
Initial Coin Offerings (ICOs) for other cryptocurrencies have also boomed, and more than 92% of all funds raised through ICOs happened in this year alone. With this mechanism hitting the mainstream, about $3.8 billion have been raised through ICOs in total.
Further, they've been profitable as well for speculators. A report from Mangrove Capital last month noted that the average return across 204 ICOs it was tracking was 1,320%.
Despite being temporarily banned in China and South Korea, ICOs have not been slowing down. So far in this month (up to Nov 26, 2017), ICOs have already hit new highs with $743.2 million raised, surpassing the earlier record-holding month of September 2017 ($662.9 million).
Not much original content, calm down the vote bots!
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tip!
@transisto yet it is informative and it is the reality
What are vote bots?
https://steemit.com/family/@hashamqureshi/outlander-the-top-6-most-memorable-moments
I have got to support you on this.
I truly don't know wtf is going on here anymore. The trending of the Bitcoin tag is all referral link pushers, plagiarism, and stuff like this:
https://steemit.com/bitcoin/@bharathcrypto/a-letter-to-bitcoin-20171130t134919558z
This is a critical time in the markets with many worthwhile things to discuss, and technical/fundamental analyses to be made. Instead, we have reposts from a site that reposts things from another site by an account not owned by any of the said previous reposters.
Repost-ception?
$1 per Steem, you say?
Just awesome :)
would you upvote me pls ill do it too
@rymlen it really awesome
Nice graphics. Thanks.
I knew this 10K is comin'. Knew long ago. Many years ago.
All our present comments will be very funny to read at Christmas- 2018 time. Mark my words. :)
Every new technology takes time to mature, and adoption is always running by the same "S" type curve. Always.
And many exciting things and times are waiting for us along that curve
This is very exciting to see what is happening in the world. Currencies and trading are changing with a fierce style and sonic boom at a speed of exponential growth like the computer industry from the mid 80’s to now.
So much money to be made in crypto, what a time to be alive.
Good prediction but the 10K mark was inevitable. Now we should wait and see when investors with large amounts will dump and cause a major fluctuation. Considering the increasing demand in India and other countries, it is highly unlikely that there will be massive fall atleast until it hits 20K. Let's wait and see! Cheers.
yeah.. I heard that it could actually hit 50K within this year! that would be insane. Im not investing myself since I am kinda new to this crypto thing, but I am really considering investing since it seems so exiting.
It is indeed exciting but I figured you'd need to be glued to the ticker if you're looking to make short-term gains out of the price rally. If you believe that blockchain is going to play a major role in the future, I guess any sort of well-thought investment in cryptocurrency will pay off in the future. It's a good guess but as with all guesses, there's still a possibility that if stringent regulations are brought in by governments, it may dampen this free run quite a bit.
thats true.. I believe that crypto is the future, but its hard to tell which crypto currency is gonna be reliable long term. It seems like bitcoin could crash tomorrow and then another crypto currency could rise insane amounts instead
Unless the UN or the world bank stepped in and raised alarm about the misuse of Bitcoin and got multiple countries to regulate or ban bitcoin, such a crash is unlikely at the moment. Of course that being said the volatile nature of bitcoin prices will remain until it attains a mass adoption of at least a billion users. It is likely to become more stable once and if it reaches that stage. But we can expect many countries to establish regulatory boards to curb the usage and trading of crytocurrencies even if they don't take a hard stance on banning it in its entirety. They will need to provide a very strong argument to the public and create an atmosphere of fear to stop people from thinking about using it.
Well maybe I was a bit wrong about the UN but France has already called for a regulation of crypto by the G20. This is just the beginning. Repealing net neutrality was quick thinking on the part of US when suddenly there was a slightly more powerful currency that was gaining golbal adoption- taking lessons from China I suppose. It's interesting since India shot down the idea of repealing net neutrality just a year ago. Crypto regulation in Asia will be interesting to note as there are currently mixed feelings about it.
Awesome article and very easy to digest. We all know how tricky that first alt coin buy is. You get your BTC on Coinbase, transfer the BTC to Bittrex or whatever, then buy your Alt. It's complicated for the newbie.
We need more info and charts like this that cut through that complexity and get the regular people excited about what's happening
More people come, more simpler all the process will be
We just need time and trust
LMFAO
@csp01 it an interesting article @zer0hedge keep it up
" At time of publication, the bitcoin price is at $9,650 – about 10X higher than how the cryptocurrency started the year. Further, as Visual Capitalist's Jeff Desjardins notes, bitcoins are now on the brink of passing the important psychological barrier of $10,000, and it could do so at any moment based on current momentum."
Finally it appears apparent to all that bitcoin is still an asset
Yeah man, I´m one of those newbs but so far I really enjoy the travel in this cryptoworld and beyond.
what a Journey guys! Cryptos are the future!
yes you are right ! time will come when steem dollars grows like bitcoin
hopefully :)
this is making history!
wow...its is already crossed $11000 mark in india...its current value in india $11028.52..and its increasing since morning...thanks for post keep posting
Nice post! What will happening, if someone resteem your post?
good question.. im new to steemit and its quite confusing i think XD
thats a good question im wondering ta actually but rigth now ... would you please upvote me ? i think im about to lose my account because i didnt know... well upvote me and ill do the same please!
at which exchange people are trading in INDIA.
Current price in India is $11643. (750000 INR)
Zebpay, pocketBits.com are few platforms where you can buy and sell Bitcoins in India.
However to purchase other coins we still have to buy Bitcoins first.
you can use koinex in India to buy other coins like etherum, ripple, bitcoin cash etc along with bitcoin and it is profitable than Zebpay.
zepay and unocoin are the best
Wow, I never knew @zer0hedge had a STEEM until now... Sweet! You should publish an article about how STEEM will be the future of content creation...
Never mind... I just saw that it’s unaffilliated...
Basically plagiarism
True history, Thank God I'm looking forward to its growth because I invested in time.
Great article. I am still trying to get my head around all of this. I think there will be some corrections along the way, but the coin is here to stay.
I can remember my loses on those fluctuations but Im left with profits :)
This article is very useful for those searching for validity in bitcoins current position in the market. Since bitcoin is powered by trust, this one adds to it.
Good information...upvoted it.
I hope bitcoin to get little cheap so I can buy
Maybe, the bubble going up and this information we may know on the edge of new year i think, so lets prepare for it.
Very good infographic with the important information
Thanks for sharing
In year 2017, BTC went from $1K to $10K, how long it will reach $100K (10 times) and that is $1.8T, no company ever reached $1T mark. Who will be first $1T entity: BTC, Apple, Google, Amazon, FB?
Great article, very easy to read and informative. However, when we look at the price vs time graph for bitcoin we notice that after short dramatic bull runs we experience pull backs. While this may not bother long term investors so much as the price has recovered over time. I do not think now is a good time to buy bitcoin. I believe there will be another pull back quite soon and unprepared investors may "freak out" and sell at a low rather than a high. Just my 2 cents I thought I would add to the discussion. :)
I like your visualization @zerohedge, it is easier for me to read it. the question now is what´s next for BTC? can it get higher? or is the Bubble is going to pop?
Bitcoin Alert.
1 Bitcoin equals 10599.57 US Dollar . :no_mouth:
I am finding your interest in BTC. You should read this article because it fits for you.
:fire: Why Bitcoin Has Exceeded This Limit ? :fire:
Thank you @zer0hedge
Now 1 Bitcoin equals 11,517 US Dollar
@tuhin201
I have invested some money in bitcoins this morning, and since then it has started to go down. The law of murphy... But I still believe that it is a good investment.
Interesting article and very clearly to stated work. Thank God I'm looking forward to its growth because I invested and i wait for your further analysis!
bright future!
jumping like a tiger. Still is it big opportunity of small investors also, because its frowning on very rapid growth rate. small traders should buy stohie of bitcoin.
trade bitcoin with https://www.binaryforextrader.com
the boom of ICO indicates that the people doesn't want to be left behind again like what had happened to bitcoin. now more people have regret why they never invested on it during bitcoin's early years.
Si ma il boom di ICO indica un nuovo tipo di investimento basato su un sistema blockchain (il piu sicuro attualmente), che aiuta alle aziende a finanziarsi, tipo crownfounding, kickstarter o altro. Sono delle vere e proprie aziende innovative.
so sorry I can't understand you.
i think bitcoin will be 20.000 dolars until may 2018
great analysis. bitcoin sure crosses 10,000. by the time i am replying this post bitcoin is 9,950. but why steem is not that fast. what can be done to that... from morning 1.21 to now it is 1.17. i wait for your further analysis...
I'm absolutely new in this crypto world and is awesome the movement of the market, people are worry that more and more people are coming... Fearing is a bubble, the system is the bubble, and finding free currency is not the end of the road but I believe comes closer to what's really a tool to see the real face of the world.
lets see if Bitcoin keeps the pace with 7-14 days for 1k$...
😀😀😀 😀😀😀 ⤵⤵⤵
Thank you very much friends,,I like your post,,your post is very nice,,, So you are talented
🌹 🌹 🌹 🌹 🌹 🌹 🌹 🌹 🌹 🌹 🌹 🌹
Quick marty hop in, we DUN fucked up!
unpopular opinion: I think bitcoin has become a bubble at this piont
I simply do not have the words to describe this trend!
nobody can't stop it now :D
Bulls climb the stairs and bears jump out the window. This is ripe for pullback
I am tired of talking about $10,000 Bitcoin, let's talk about the next stop, $25,000 Bitcoin.
Why would it stop there,
China & South Korea ban on ICOs are simply showing to the world how authoritarian they really are and unable to practice capitalism as it is. Their hate towards Japan which is the most liberal of them and where cryptocurrencies thrives. South Korea really began it's technological development in the early 50's while China in the early 80's meaning, they are unable to understand ICOs.
It's been a little more than an year since I stepped into the crypto world and boy oh boy, it has thrilled me everyday. It's been an amazing journey so far and we all are just the early adopters. :)
Any opinions on Litecoins, currently investing into some.
Why is it rising so fast ? I can't understand.
The wonderful.. 👍🏻
Congratulations @zer0hedge!
Your post was mentioned in the hit parade in the following categories:
INSANE !!!
Bitcoin is a phenomenon like no other and has no precedent to have a fair comparison with. However, despite the huge percentage in the appreciation of values of ICOS - they are mostly a hit and miss with more misses than hits - this is because a vast majority of ICOs are simply money grabbing schemes where people just raise insane amounts of money by showcasing a website, aroadmap and a whitepaper and nothing else..
While putting money into bitcoin has been safe (so far), the same can't be told for most ICOs ; even though some real winners have been there this year in the ICO space
Do check my post on bitcoin hitting 11k : https://steemit.com/bitcoin/@roji.abraham/bitcoin-11-000-and-still-going-stn
Great post, the education is on point!
What are the 3 things someone should know/do when getting into bitcoin?
Too bad for those who didnt get in early enough.
what are the predictions for the end of 2018? x10 like this year? we will arrive at 100,000 x)
Maybe 30K @tuhin201
Congratulations to all who have believed in the true value of Cryptocurrency!
Now Bitcoin $11,517 and hope touch $12K
@tuhin201
Now that US $11,000 has been broken, what is the next target to aim for? Should we say $15,000 or go straight for $20,000?
Bitcoin price increasing suddenly. It definately goes to 15,000$. It is really interesting. And ihave news - buy electronium coin it is long term coin. Many good news are coming about this coin. Price is icreasing with high rate.