Bitcoin, the largest cryptocurrency in terms of market capitalization, has a volatile trading history. When it was launched in 2009, its price was just a penny. However, its first big price jump happened in 2010 when the BTC to USD price jumped to US$0.09.
More than 12 years have passed since Bitcoin (based on the blockchain technology and distributed ledger technology that involve Proof of Work consensus mechanism involving bitcoin mining) was created and its price has soared to new highs. Though the BTC price is moving rangebound between US$46,000 and US$49,000, its all-time high price was US$68,789.63, reached on Nov 10, 2021. That’s a meteoric rise from a penny to a US$69,000 level in just over a decade.
The early investors in Bitcoin (who had held this crypto for years) have transformed into billionaires. However, one thing that’s the sore point is the extreme volatility it witnesses on a regular basis. A 10% upward or downward movement of the BTC price in a day is a normal phenomenon. However, experts, analysts, and pro traders believe that more adoption and infusion of capital by the institutional investors (including hedge funds, pension funds, and insurance companies) will make the bitcoin price more stable and also decrease the extreme volatility seen in the market.
Let me walk you through the price history of Bitcoin, which is the price of bitcoin to the US Dollar (BTC/USD) exchange ratio. The BTC price history can be divided into 3 parts:
Bitcoin, the first-ever cryptocurrency in the world, was introduced in 2009. Initially, its price was zero as the demand was non-existent. The first big jump in price took place on July 17, 2010, when the price increased from a penny (US$0.01) to US$0.9. Since then the price went on to increase steadily to US$1 in early 2011.
The second major price jump took place during Apr-June 2011. The BTC to USD price increased by 2,960% during the 3-months from April to June 2011. On April 13, 2011, the BTC price was US$1. It increased to US$29.60 by June 7, 2011. However, by mid-November 2011, the price again slumped to US$2.05. The year 2012 was relatively uneventful for bitcoin (BTC) as the price only increased from US$4.85 on May 9, 2012, to US$13.50 by August 15, 2012.
Strong Bitcoin price gains were witnessed in 2013. Though the BTC price was US$13.28 at the beginning of the year, it increased more than 17-fold to US$230 per BTC on April 8, 2013. However, this high price couldn’t be sustained and it quickly came down to US$68.50 by July 4, 2013. The Bitcoin to USD chart shows that the price again jumped to US$123 by early October 2013. Throughout 2014, the BTC/USD pair slumped. However, at the start of 2015, the bitcoin price to USD touched US$315.21.
By 2016-end, the price of Bitcoin to the United States Dollar (BTC to USD) increased to more than US$900.
In the first four and half months of 2017, the BTC price hovered around $1,000. However, in mid-May’17, the price doubled to above US$2,000 level. By December 2015, the BTC to USD price skyrocketed to US$19,345.49. It is during this time around, the mainstream investors, scientists, economists, and governments, and many other mainstream entities took notice of Bitcoin. In fact, this was also the time when many developers chipped in to develop other cryptocurrencies that can compete with BTC.
A major price drop took place in 2020 due to the COVID-19 pandemic. The price dropped to below US$7,000 level at the start of 2020 but by November 23, 2020, the BTC to USD price again bounced back to above US$19,000 level. In December 2020, the price reached the US$29,000 level.
The meteoric rise of BTC price continued as it reached US$40,000 by January 7, 2021. The upside movement continued and by mid-April 2020, the BTC to USD exchange rate reached the US$60,000 level. With the increased participation of institutional investors in the cryptocurrency market, the price reached the then all-time high at US$63,000 on April 12, 2021. Just after hitting the then-new ATH, the price started to correct and BTC’s price slumped by -50% to US$29,795.55 in July 2019.
Another bull run started in September 2021, making the BTC to USD breach the US$52,693.32 level. Just two weeks later, the price again corrected to US$40,709.59. The price increased to an all-time new high at US$68,789.63 on November 10, 2021. However, currently, its price is trading at a discount of -31.75% at US$46,911.52. The market cap of bitcoin is currently hovering around US$886,772,854,349 with a 24h volume at US$27,585,078,419.
If you are ready to invest in stocks and cryptos or buy Bitcoins through online brokerage accounts of centralized or decentralized cryptocurrency exchanges, you can do so in a legit way by investing through stock investing and cryptocurrency apps. You have to open an account with such an exchange or online broker (including trading apps and investment apps such as TD Ameritrade). Then verify your details (including basic personal information) and fund your stock or cryptocurrency and bitcoins trading account.
The best thing about the Bitcoin and crypto market is that the transactions are done without the involvement of banking entities. This is one of the reasons why more and more investors (including corporates, venture capitals, and institutional investors) are heavily investing in cryptos.
You can start depositing funds to your stock or crypto exchange account to buy company shares or cryptocurrencies. This can be done by simply connecting your online banking account (savings accounts, checking accounts, or other account types). Besides transferring fiat currency money online through bank transfer, you can make payments with other payment methods including credit cards, debit cards, and others.
If you need further assistance, you may consider taking help from the vibrant and helpful trading communities. You can trade cryptos with credit cards (business credit cards, personal ones, or Citi custom cash cards), debit cards, or other payment options through reliable crypto trading web platforms.
You can also check the savings calculator to know how much you should save on a weekly, monthly, or yearly basis. Check the financial news to know more about the prospects of various assets so that you can build long-term wealth.
In case you are bullish on the future prospects of gold, stock and ETF trading, crypto market, Bitcoin BTC, Ethereum ETH, Bitcoin Cash BCH, Litecoin LTC, Ethereum Classic ETC, Bitcoin SV, Wrap Bitcoin, and other altcoins, you can start investing in stocks, gold, Bitcoin, and other altcoins with USD. Once bought, transfer them to:
Hold them for a longer time period to let the Bitcoin BTC price increase. Keep your cryptocurrencies safe with:
Crypto market investing will provide you with a higher return in the long run. The ROI from crypto investment is much more than investing in:
In fact, many retirement funds or IRA accounts such as Roth IRAs are allowing digital currency investors to purchase XRP, Bitcoin, Chainlink, and other digital assets. These retirement funds are increasing investor choice by allowing them to invest a small percentage of their money in cryptocurrencies. This is, in turn, increasing the prospects of these funds to provide their investors to get higher returns. If you are thinking about building wealth, you should include cryptos in your portfolio like other crypto investors.
Therefore, it can be concluded that holding Bitcoin Ethereum and other cryptos can help you to build real wealth and multiply your net worth. You can learn investing basics to buy crypto currency and other digital assets to make more gains. Start going through Wall Street Journal and other investing magazines on cryptos to learn more about investing in crypto market and make better financial decisions. Learn about valuation calculation to true bitcoin value and assess the overpriced or underpriced situations instantly.
As a beginners guide, you may also check out the trading basics provided by various cryptocurrency exchanges such as Coinbase, Binance, Kraken, and other crypto APIs. There are many brokers suitable for beginners as well. So, read reviews of customers before joining a crypto exchange. There are many brokers for beginners in the USA through which you can trade and invest extra cash and investible fund in fractional shares and stocks funds.
You should definitely learn about:
Defi tokens and NFTs (Non Fungible Tokens) are the next generations of crypto coins. These decentralized coins have started to become very popular among active traders who trade cryptocurrency. You can buy sell them through crypto trading platforms too. Algorithmic trading can also be used for buys or sells of company stocks (including international securities) and cryptos on leading brokers and exchanges (including New York Stock Exchange NYSE).
Whether you buy Ethereum ETH or buy Dogecoin, you should also invest in:
To diversify your portfolio, you may also buy stocks through stock brokers for beginners and pro. From different parts of the world, you can buy these cryptos against other fiat currencies including Singapore Dollar, Euro, Russian Ruble, Taiwan Dollar, Hong Kong Dollar, Swiss Franc, New Zealand Dollar, INR, Pound Sterling, and many more. You can use currency converter to get a better idea of how much BTC you can buy.
Get better guidance on improving your personal finance, retirement planning, management of cash flows or capital gains, and investment ideas from financial advisors, investment managers, and wealth managers, especially the ones who are not averse to cryptocurrencies such as Bitcoin and others.
While day trading, you should always try to invest only that much money which you can afford to lose. When you do margin trading, be very careful. Financial protection must be there in your mind always while you make cryptocurrency trades. That’s why having a secure financial plan is so important.
Invest money in stocks, gold, and other cryptocurrencies through centralized or decentralized exchanges and reliable online brokers.
Trading Robots (such as NapBots.com) automatically scans the market in real-time and trades for you. They run 24/7, which means that you can keep earning your passive income even when you are sleeping. This gives you an edge over other investors as it enables the bot to book profits on your behalf when other investors are sleeping.
Smart crypto investors always remain prepared to get the best of a big market move. They don’t wake up suddenly. To remain alert round the clock, they use cryptocurrency trading bots so that they don’t miss any big market movement.
NapBots.com is a Trading Bot, cloud-based platform, on which you can connect to major exchanges such as Binance, Bitmex, Bitfinex, OKEX, Kraken, Bitstamp, and Bitpanda.
The best thing about the Napbots trading software is that you don’t have to monitor charts and candles to predict your next move. Any novice trader with zero skills can also start trading like a pro and earn money with this unique trading tool. Let Napbots take full control over your trades in just a few clicks. Now, sit back and enjoy earning money.
You may also check “Napbots Review - Simple Way To Increase Your Crypto Returns” before taking the plunge.
NapBots crypto trading software is special because it comes with:
NapBots is easy to start with. It involves just 3 steps:
Step #1: Connect to one of the available trust exchanges.
Step #2: Select from the unique list of performing Bots of NapBots
Step #3: Choose a plan that suits your investment style
Once you have completed these three steps, NapBots is ready to trade cryptos and earn money for you. Happy Trading!