Bitcoin enters its 15th year

Bitcoin enters its 15th year amid mixed
 expectations about its fate

 

Bitcoin enters its fifteenth year amid conflicting expectations about its fate
Bitcoin, the world's most popular cryptocurrency, celebrates its fifteenth year of existence in the cryptocurrency market this week.



This cryptocurrency was invented in 2007 by the mysterious Satoshi Nakamoto, who presented a research paper in 2008 in which he presented methods of using a peer-to-peer network to create a decentralized electronic transaction system that is not subject to any authority.

In January 2009, the Bitcoin network was launched, while the trading market for this cryptocurrency was created in February 2010. 

The first real transaction with this currency took place on the Bitcoin forum when a programmer paid 10,000 Bitcoin for a pizza. The price of a pizza at that time was about 25 USD.

In January 2009, the Bitcoin network was launched, while the trading market for this cryptocurrency was established in February 2010 and the first real transaction with this currency took place in the Bitcoin forum when a programmer paid 10,000 Bitcoin for a pizza. At the time, the price of a pizza was around $25.

Initially, Bitcoin did not attract people's attention, many were hesitant to trade with this virtual currency.

In recent years, the Bitcoin currency experienced many exchange rate fluctuations, and it began to attract the attention of many people, especially investors, as the exchange rate of this currency gradually began to rise until it reached almost 64 thousand dollars in the last half of last year.

Some experts expected the exchange rates of this cryptocurrency to reach record levels in the coming period, while others expected a sharp decline in the coming months.

Cryptocurrencies: How are they different from traditional coins?

There is more than one difference: traditional currencies are physically in your grandfather or stored on your credit card, but bitcoins.

The second is that you can deal and buy in traditional currencies online, but through electronic credit cards and be linked to information about you such as your name and address, while bitcoins are the exact opposite where you can deal and be anonymous.

The third major difference is that the currency is not subject to an authority like a central bank. 

These differences make the currency outside of the influences of traditional economic factors, also making it desirable for Pirates to ransom it, and also for mobsters and smugglers to keep it out of the eyes of the authorities. 

When the currency was founded it originated from the idea of a business project that appeared in year one 1998.

Through an article by the Asian writer wedi born called his day to create a currency that is officially traded away from central authorities and banks using bitcoin as any currency, you can only buy online.

But there are some parties who refuse to deal with it for their own reasons, but dealing with it is now spread with you for a minute.

The process is not complicated, you need the first online e-wallet, a service provided by a lot of trusted global sites, and then buy bitcoin from multiple sources and then trade and exchange it through financial platforms or even hold it is like holding your money in a bank account. 

Is anyone in charge of it If you asked a year ago?

The answer will be that very few Accept that deal with it, but now it has started to spread significantly by institutions, companies and even universities and banks should be listed in global exchange for trade soon.

Some believe that the rise of bitcoin by more than 2000% in the last year means that profit is guaranteed. 

After all, remember that bitcoin, like any currency or commodity, can rise and fall according to certain circumstances, even if the expectation is that it can bake 50,000 soon, any sudden strong defense will lead to a sudden corrective drop.

Bitcoin is not infallible, it requires political, economic, and technical factors to influence and it is not easy.