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Today the way we live has changed. Our life has become more gadgets friendly. We use a gadget for almost everything what we do today. The way we do shopping has changed, we now use the phone for shopping. Millions of million products are from all around the world is just a few clicks away from us. We have changed the way we transaction. Today we use our phone for the transaction. We can now easily learn anything, anytime from anywhere thanks to the internet, our life has become easy and tech-friendly.
What is Crypto Currency?
Cryptocurrency is a digital currency that you can’t touch but you can use for a medium of exchange for goods and services. It is a digital asset that you can store in your digital crypto wallets such as Coin base, Binance, and Bittrex. Cryptocurrency uses cryptography to protect its transactions, to control the establishment of additional units, and to confirm the transfer of assets. Cryptocurrencies are a type of digital currencies, alternative currencies and virtual currencies. The decentralized control of each concurrency works through a blockchain. Blockchain works as public transaction database, functioning as a distributed ledger. Cryptocurrency is an electronic money, that works with mutual understanding. Cryptocurrency is a virtual currency because no one has control over it. That makes this too much risk to invest. Bitcoin is the first cryptocurrency.
History of Bitcoin.
It was January 2009 when people were sending bitcoin to each other just for fun. In March 2010, a username “Smoke TooMuch” was the first man who auctioned 10,000 BTC for $50.00 but he didn’t receive any buyer. On 17 March 2010 bitcoinmarket.com was the first one who starts operating bitcoin exchange. But in 2009, we were about to witness a big change. We were about to witness Bitcoin. Let’s go back in 2009, the ways we transaction today is about to change. We are about to witness the new way of transaction, we are about to witness cryptocurrency
First Bitcoin transaction
Laszlo Hanyecz was the first human who made the first bitcoin transaction on 22 may 2010, Laszlo Hanyecz bought 2 pizzas for 10,000 BTC.
Bitcoin price growth.
- In July 2010, just five days the bitcoin price grew by 900%, rising from $0.008 to $0.08 for 1 bitcoin.
- In between February 2011-April 2011, bitcoin takes parity with our dollar.
- July 2011, bitcoin price was on high of first “bubble” ($31.00 USD), followed by the first price drop.
- First price drop
Some Common Bitcoin Support Issues:-
- Hacking a payment gateway.
- User address error.
- Loss of a wallet file.
- Insecure ICOs.
- Spoofing a user address.
- Unable to send a bitcoin.
- Unable to receive a bitcoin.
- Long Waiting time for confirmation.
- Bitcoin hacking issue.
- Unable to deposit and withdraw USD.
- Wallet balance doesn’t show.
- Unable to sell and buy bitcoins.
- Problem with Bitcoin.
- Unable to cash bitcoin.
In December 2011, the Bitcoin price drop for the first time. it was $2.00 USD, minimum after a few months.
- Bitcoin price rising after the first drop.
- In December 2012, the Bitcoin price started to rise slowly. It was $13.00 USD at the end of the 2012 year.
- On 11 April 2013, Bitcoin was at the top of its price. it was $266.00 with the growing rate of 5-10% daily.
- In May 2013, the Bitcoin price drop for a second time. it was now $130.00 USD.
In June 2013, Bitcoin price continued to drop. First, it dropped from $130.00 to $100.00 and then again dropped from $100.00 to $70.00 and end up the month with the rise of $40.00. Bitcoin price was $110.00 at the end of June 2013.
What do we do?
We do deep market research to help you make a solid decision. Our predictions (based on solid market research and data) tell you the best time to sell and buy bitcoin. We provide you knowledge through our awesome article. Our support team is always dedicated to helping you with any crypto related issue. Our duty is, to help you through your crypto success and we are dedicated towards our mission. For any assistant or query or support please contact us. Or just call on Bitcoin support phone number. Get easy help from Bitcoin helpline through toll-free number.