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    CRYPTO BEGINNERS
    This document provides a history of cryptocurrency beginning with the creation of Bitcoin in 2008 by Satoshi Nakamoto. It discusses key events and price milestones from 2009 to 2021, including the first Bitcoin transaction and online purchase, the rise of other cryptocurrencies and exchanges, volatility in 2013, and the growth of decentralized finance. The differences between cryptocurrencies and fiat currencies are outlined, along with the advantages of Bitcoin like control over wealth and ability to send funds globally, as well as shortfalls like volatility and energy use for mining.

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    CRYPTO BEGINNERS
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    This document provides a history of cryptocurrency beginning with the creation of Bitcoin in 2008 by Satoshi Nakamoto. It discusses key events and price milestones from 2009 to 2021, including the first Bitcoin transaction and online purchase, the rise of other cryptocurrencies and exchanges, volatility in 2013, and the growth of decentralized finance. The differences between cryptocurrencies and fiat currencies are outlined, along with the advantages of Bitcoin like control over wealth and ability to send funds globally, as well as shortfalls like volatility and energy use for mining.

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    This document provides a history of cryptocurrency beginning with the creation of Bitcoin in 2008 by Satoshi Nakamoto. It discusses key events and price milestones from 2009 to 2021, including the first Bitcoin transaction and online purchase, the rise of other cryptocurrencies and exchanges, volatility in 2013, and the growth of decentralized finance. The differences between cryptocurrencies and fiat currencies are outlined, along with the advantages of Bitcoin like control over wealth and ability to send funds globally, as well as shortfalls like volatility and energy use for mining.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    127 views4 pages

    MAKE +$100 IN A-WPS Office

    Uploaded by

    CRYPTO BEGINNERS
    This document provides a history of cryptocurrency beginning with the creation of Bitcoin in 2008 by Satoshi Nakamoto. It discusses key events and price milestones from 2009 to 2021, including the first Bitcoin transaction and online purchase, the rise of other cryptocurrencies and exchanges, volatility in 2013, and the growth of decentralized finance. The differences between cryptocurrencies and fiat currencies are outlined, along with the advantages of Bitcoin like control over wealth and ability to send funds globally, as well as shortfalls like volatility and energy use for mining.

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    You are on page 1of 4

    MAKE +$100 IN A MONTH PREMIUM CRYPTO CLASS.

    Welcome to Greatness ✨

    I am your host Chun Lee and I'll be taking you on this Journey to greatness.

    Before we jump into the main deal we all have get knowledge of the very basics/history of
    crytocurrency, most people in the space today lack this knowledge. So in this very first chapter, I'll be
    talking on the History of Crytocurrency, how it all Began.

    History of crytocurrency

    Bitcoin was created by satoshi Nakamoto in 2008. The bitcoin dormain bitcoin.org was registered.
    The first bitcoin transaction was done in 2009.

    2009

    The first bitcoin online purchase was done by a guy named Laszlo who bought 2pizzas for 10,000
    Bitcoins.🤦

    And Today 10,000 Bitcoins is worth around $110,000,000. Wahala 😂😂

    2010

    >>October 16, BTC is purchased & traded as a currency for the first time

    >>November 6, Bitcoin Capitalization(this is the market cap Meaning the price of 1 BTC × the total
    number of BTC) amounted to $1,000,000

    2011

    >>Feb 9, 1 BTC equalld to $1🙈

    >>Total Bitcoin Capitalization got to $10M

    2012
    >>Other Crypto currencies using the same Bitcoin principles started popping up

    2013

    >>Rise of other market Places for trading Bitcoin and other Cryptocurrencies

    >>The biggest price Volatility was experienced, when BTC Rate fell by 80% within 24hrs

    2014

    >>Bitcoin rate reached $310, 2014 can be considered as the stabilizing year of Btc

    2015

    >>Bitcoin price exceeded $500, a Favourable moment for digital currencies development history. This
    was also when Ethereum came in,it was created by Vitalik

    2016

    >> The rise of ICO- Intial Coin offering

    >> Around june BTC rate double to $720

    >> Market cap exceeds 15B

    2017

    >>The year of the ICO(Initial coin offering) boom

    >>Bitcoin Price reached an all time High(ATH) of $19,650

    2018

    >>Market Correction

    >>Major Crypto Market Correction,this retest led to an increase in stable coin (fake projects went
    Extinct)
    2019

    >>A shift from ICO to IEO

    ICO is Intial coin offering, it's basically away of raising Funds.

    But We shifted to IEO.

    IEO is initial exchange offering, here exchanges can vet projects before they are listed in public for
    fund raising.

    2020

    >>The year of DEFI (Decentralized finance)

    2021

    >>DEFI,CEFI,Shitcoins,NFTs.

    Difference between Crypto currency and Fiat(Native Currency)

    FIAT. Cryptocurrency

    >>Issued by the government. >>Digital assets that exist in a code with no

    Government control.

    >>Tangible and has aspect of electronic form. >>Not tangible.. digital form only.

    >>Unlimited supply. >>Limited supply

    >>Central body in control eg.FED, central Bank >>can be used Gobally

    >>Pegged to a particular Nation

    Advantages of Bitcoin and Cryptos

    >>Puts you in control of your money


    >> Government cannot devalue your wealth by printing cash backed by debt

    >>You can store your money in a piece of paper, or phone.

    >>You can send it to anyone in the world at any time

    >> High security

    Short falls

    >>Too Volatile

    >> Lack of regulation

    >> Capacity/ scaling issues

    >> Mining- High enegry consumption ( for Bitcoin)

    All rights reserved

    Regards Chun Lee

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