Bitcoin's Price History - Investopedia

Bitcoin Price Set For The Best Month Since November 2013

Bitcoin Price Set For The Best Month Since November 2013 submitted by Ranzware to BitNewsLive [link] [comments]

Bitcoin Price Set For The Best Month Since November 2013

Bitcoin Price Set For The Best Month Since November 2013 submitted by remivee to tribetica [link] [comments]

Bitcoin Price Set For The Best Month Since November 2013

Bitcoin Price Set For The Best Month Since November 2013 submitted by n4bb to CoinPath [link] [comments]

Poll: comparing to current bull market: what caused 2013's March and November bitcoin price booms to be so steep and fast?

I'm writing a new retrospective article on the potential impact the so called MtGox hidden trading bot had on historical price movements.
Most importantly I seek to contrast the current, very progressive and stable, bull market to that/those of 2013 - which were sharp and fast. My argument here would suggest that MtGox's secret bot may well be behind this difference.
As there is much uncertainty about the events & activities leading up to MtGox's demise, it's only best to gauge the community insight.
Please answer the Twitter poll on the potential root-causes / differences between the 2013 and our current bull market. Alternative arguments are more than welcome in the comments.
submitted by ulyos to Bitcoin [link] [comments]

Poll: comparing to current bull market: what caused 2013's March and November bitcoin price booms to be so steep and fast? [x-post from r/bitcoin]

Perhaps community members here may like to have their input:
https://www.reddit.com/Bitcoin/comments/5s72b0/poll_comparing_to_current_bull_market_what_caused/
submitted by teal_cat to BitcoinMarkets [link] [comments]

The price of Bitcoin just hit an all-time high - "currently trading at around $1,186 — which is about $20 more than its previous all-time high of ~$1,165, which it hit in November 2013, at the height of Bitcoin-mania."

The price of Bitcoin just hit an all-time high - submitted by mvea to Futurology [link] [comments]

#bitcoin's current price volatility due to #PBOC is nothing like the November 2013 rise and fall. Orange line = then, Blue line = now.

#bitcoin's current price volatility due to #PBOC is nothing like the November 2013 rise and fall. Orange line = then, Blue line = now. submitted by muyuu to Bitcoin [link] [comments]

If You Bought $100 of Bitcoin Every Month Since November 2013 - Bitcoin's Price Peak...

During the Bitcoin Bull Market Peak of November 2013 — Coinbase, a trusted digital asset exchange company located in San Francisco, listed this selling price for 1 Bitcoin (XBT) at:
$1108.80.
People sang “to the moon!” But within 19 days the price dropped by 53.5%. People lost money. Media outlets brushed off the technology. Investors and financial analysts gave it the inaugural "thumbs down" that happens when a stock, commodity, or currency drops. Market optimism was crushed.
And by January 2015, the market hit its next all time low.
What if there was a way to invest safely without losing the original value of our money?
Continue reading at: https://steemit.com/bitcoin/@briandriscoll/if-you-invested-usd100-every-month-in-bitcoin-since-november-2013
Note: Hey everyone, I bought in during this time and created this thought experiment. Using a common strategy by investors today "set it and forget it", we look at Bitcoins potential as in investment.
A good article for those thinking about trading or investing in Bitcoin.
submitted by bdriscoll3 to BitcoinMarkets [link] [comments]

Modafinil price-chart updated for November 2013 (+Bitcoin_)

submitted by gwern to Nootropics [link] [comments]

Why is it when I do a Google search for 'bitcoin price', the result *still* includes an article from November of 2013?? You know the one it's "12 questions about Bitcoin you were too embarrassed to ask". What the hell, Google?

submitted by davidcwilliams to Bitcoin [link] [comments]

Bitcoin price hit $1200 in November 2013. The price is back to $1200 and transactions per day is up 6X since then #perspective

Bitcoin price hit $1200 in November 2013. The price is back to $1200 and transactions per day is up 6X since then #perspective submitted by goodharbor to Bitcoin [link] [comments]

"#bitcoin's current price volatility due to #PBOC is nothing like the November 2013 rise and fall." -- Chris Burniske on Twitter

submitted by chinawat to btc [link] [comments]

Why is it when I do a Google search for 'bitcoin price', the result *still* includes an article from November of 2013?? You know the one it's "12 questions about Bitcoin you were too embarrassed to ask". What the hell, Google? /r/Bitcoin

Why is it when I do a Google search for 'bitcoin price', the result *still* includes an article from November of 2013?? You know the one it's submitted by BitcoinAllBot to BitcoinAll [link] [comments]

The Bitcoin Phony Rally of November 2013 has distorted the price for all of 2014. Here's how:

(1) Someone apparently infiltrated a leading but unsecure exchange by using a virus/bot that created fraudulent data in MySQL and PHP so that they could pretend to have, say, over a hundred million dollars in fake fiat.
(2) They used this fake hundred million dollars to buy real bitcoins - spending, say, around 2 and half million fake dollars every few days, in over 40 buying sprees, to eventually scoop up around 270,000 real bitcoins over the course of a month.
(Note: As most traders know, buying a lot all at once like this usually isn't smart - because it causes a lot of "slippage" - ie, everyone sees the buyer starting to buy, and so the price rises before the buyer is finished buying. But in this case, since the "dollars" being spent are fake anyways, the buyer doesn't care if they make the price rise due to "slippage". The dollars they're spending didn't come from their bank account, because with a few keystrokes, some knowledge of PHP and MySQL - and access to the servers in Tokyo hosting this unsecure exchange - they were able to "magically" invent over a hundred million fake dollars out of thin air. They don't even have to suffer the privacy invasions and indignity of KYC/AML either.)
(3) Speculators around the world (especially the Chinese, who are said to enjoy speculating) got fooled by this phony price rise, making them think a major rally was underway. When they saw all this fake fiat being spent, they jumped on the bandwagon and spent their real fiat due to FOMO (fear of missing out).
This made the so-called "price" on this unsecure exchange go sharply upward by a factor of 12x in just one month: from USD 100 to USD 1,200 in November 2013.
Actually (due to the "no-arbitrage" principle of economics) the price went up around 12x on all markets around the world (including over-the-counter - OTC - and localbitcoins.com - LBC) because everyone (including the media) had fallen into the habit of using that leading but unsecure exchange (now secretly hosting a virus/bot) as their main pricing reference.
(4) Now the fake buyer disappears with 270,000 BTC, bought using fake fiat. The market peaks and eventually does a "mean reversion" (dropping from USD 1200 back down its more typical trend-line around USD 300). And the unsecure exchange which they infiltrated eventually declares bankruptcy and goes out of business due to fraud / incompetence / malfeasance.
(5) Now instead of everyone being excited and saying "Great, bitcoin went up 300% from USD 100 to USD 300 in just one year! Best investment of 2014!!" ...
Instead, everyone's depressed and saying "Damn, bitcoin went down 75% from USD 1,200 to USD 300 in one year! Worst investment of 2014!!"
Plus, a lot of people will be scared away by "volatility".

OK, we have no hard evidence that anything like the above scenario actually did take place in November 2013. But we do at least have circumstantial evidence of the existence of such a virus/bot (called Willy Bot) on Mt Gox:
https://willyreport.wordpress.com/2014/05/25/the-willy-report-proof-of-massive-fraudulent-trading-activity-at-mt-gox-and-how-it-has-affected-the-price-of-bitcoin/
So, what can we learn from this?
People need to realize that all the "good" news of 2014 regarding infrastructure and momentum (VCs, vendor acceptance, consumer awareness, remittance - plus the ongoing stability of the Bitcoin network itself, for over 5 years now) has been overshadowed by one very major piece of bad news:
We apparently let a virus/bot create an exciting but fake one-month 12x price spike of USD 100 to USD 1200 in November 2013... And now after that virus/bot has gone away, we're seeing a long and painful one-year 75% price drop from USD 1200 to USD 300 during 2014.
Maybe people need to reject the possibly fraudulent fantasy that the price ever legitimately was USD 1200. Maybe the price never "really" was USD 1200. Maybe we just need to get over that fantasy.
Why do we continue to base the "narrative", the "story" of bitcoin's price on this USD 1200 figure from a shady exchange which collapsed in scandal? - How do we know that "price" of USD 1200 wasn't just a figure of our collective imagination?
People did hand over 270,000 Bitcoins - that we do know for a fact.
But did they ever get USD 112 million in return?
(Ask the people who got screwed over by Mt Gox. Remember how Mt Gox was famous in 2013 because you couldn't get your fiat out. Hmm... wonder why that was? Could it be... that the fiat you "had" was actually from the Willy Bot - so that fiat never existed?? Sounds pretty plausible.)
Glass half-full or half-empty?
It's quite possible a virus/bot created the illusion that the price went from USD 100 to USD 1200 in one month. (And we do know that many people who tried to ride this wave upwards got screwed later when it crashed.)
Imagine if people had instead seen the price of bitcoin simply go up slowly but surely from USD 100 to USD 300 over the last 12 or 13 months.
I bet a lot more Russians would be trying to move their devaluing rubles into bitcoin right now... if we were at 300 USD, up from 100 USD last year, instead of being at 300 USD, down from 1200 USD last year. The Willy Bot makes all the difference between saying "Bitcoin worse than Ruble in 2014" versus "Bitcoin better than Ruble in 2014". It all depends whether you think Bitcoin started from USD 100 - or from USD 1200 - around November and December of last year.
So if this Mt Gox Willy Bot did indeed exist, then it seems like it has seriously injured the image of Bitcoin - and people's preference for it as an investment.
It's going to take time - and honesty and education - to put this damaging delusion of the Bitcoin Phony Rally of November 2013 behind us.
TL;DR - Someone apparently infected a major exchange with an "infinite fiat" virus to artificially pump the price up from USD 100 to USD 1200 in one month around November 2013. And then the price went back down from 1200 USD to USD 300 over the next year.
Result: Instead of saying "the price went up 3x in 2014" (from USD 100 to USD 300) everyone has ben saying "the price went down 4x [ie, down 75%] in 2014" (from USD 1200 to USD 300).
It's all relative. If you want a little more realism, maybe it's best to zoom out on the price chart - and ignore the Bitcoin Phony Rally of November 2013 - and focus on the steady rise from 100 to 300 USD, minus that totally fake-looking short-lived 12x blip.
submitted by delford to Bitcoin [link] [comments]

The price of Bitcoin just hit an all-time high - "currently trading at around $1,186 — which is about $20 more than its previous all-time high of ~$1,165, which it hit in November 2013, at the height of Bitcoin-mania."

This is an automatic summary, original reduced by 57%.
A few months after that all-time high, Mt. Gox, one of the earliest and biggest Bitcoin exchanges, shut down after news it had lost hundreds of thousands of Bitcoin owned by its users.
Two years ago Bitcoin was stabilized around $250 - with some people thinking it never would come close to $1,000 again.
A year ago today it was trading at ~$425, six months ago it was at $584, three months ago it was at $736 and just one month ago it was trading at $885. So what's causing this dramatic but steady rise? As always, we can't be totally sure.
That being said, the rally may be a sign that Bitcoin is transitioning away from an alternative asset and morphing into a more popular form of payment for businesses, meaning its price could start to follow the stock market more closely.
Mike is an advocate of Bitcoin - he was the first member of Congress to accept Bitcoin donations, and helped launch the "Blockchain Caucus" to advance policy surrounding cryptocurrencies.
Another potentially major cause is that the Bitcoin community is waiting to hear if the SEC will approve the Winklevoss Bitcoin ETF, which, if approved, would be the first Bitcoin ETF in a U.S market.
Summary Source | FAQ | Theory | Feedback | Top five keywords: Bitcoin#1 ago#2 price#3 trading#4 year#5
Post found in /Futurology, /Bitcoin, /btc, /technology, /news and /BitcoinAll.
NOTICE: This thread is for discussing the submission topic. Please do not discuss the concept of the autotldr bot here.
submitted by autotldr to autotldr [link] [comments]

"I'm here to tell you to ignore the price, to ignore bitcoin the money, and understand bitcoin the technology, the invention, and the network it creates. If we mess up the money, we'll just reboot another currency." -- Andreas Antonopoulos - Athens, Greece, November 2013 /r/btc

submitted by BitcoinAllBot to BitcoinAll [link] [comments]

#bitcoin's current price volatility due to #PBOC is nothing like the November 2013 rise and fall. Orange line = then, Blue line = now.

#bitcoin's current price volatility due to #PBOC is nothing like the November 2013 rise and fall. Orange line = then, Blue line = now. submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Poll: comparing to current bull market: what caused 2013's March and November bitcoin price booms to be so steep and fast? [x-post from r/bitcoin] /r/BitcoinMarkets

Poll: comparing to current bull market: what caused 2013's March and November bitcoin price booms to be so steep and fast? [x-post from bitcoin] /BitcoinMarkets submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Bitcoin price hit $1200 in November 2013. The price is back to $1200 and transactions per day is up 6X since then #perspective

Bitcoin price hit $1200 in November 2013. The price is back to $1200 and transactions per day is up 6X since then #perspective submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Poll: comparing to current bull market: what caused 2013's March and November bitcoin price booms to be so steep and fast? /r/Bitcoin

Poll: comparing to current bull market: what caused 2013's March and November bitcoin price booms to be so steep and fast? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

If You Bought $100 of Bitcoin Every Month Since November 2013 - Bitcoin's Price Peak... /r/BitcoinMarkets

If You Bought $100 of Bitcoin Every Month Since November 2013 - Bitcoin's Price Peak... /BitcoinMarkets submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Price Spikes November 2013, Then November 2014, And Now November 2015. Manipulation Anyone? Are We Dumb Or What?! /r/Bitcoin

Price Spikes November 2013, Then November 2014, And Now November 2015. Manipulation Anyone? Are We Dumb Or What?! /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Quantum Computing and Bitcoin (Vitalik Buterin, November 2013) Dread Pirate Excellent -- Selfish Miners could Fork Bitcoin -- Swiss Bitcoin Bunker Time Traveller's Prediction for Bitcoin Price 2019 Litecoin (LTC) Price History, October 2013 - Today Bitcoin 2013 conference - Noah Silverman - Statistical Analysis of Price Swings and Market Pricing

Bitcoin Price fell 30% in a week, reaching a multi-month low of $750. 2-3 March 2017: $1,290+ Bitcoin Price broke above the November 2013 high of $1,242 and then traded above $1,290. April 2017: $1,210 — $1,250 May 2017: $2,000 Bitcoin Price reached a new high, reaching US$1,402.03 on 1 May 2017, and over US$1,800 on 11 May 2017. The first price hike occurred during 2013 when one bitcoin was trading at around 1,124 U.S. dollars in November. Four years later, bitcoin experienced a meteoric rise and reached record highs ... At the start of November, one Bitcoin was worth about $213 on Japan-based Mt. Gox, the world's second-largest Bitcoin exchange. Today (Monday) one Bitcoin traded as high as $675. Today (Monday ... Price broke above the November 2013 high of $1,242 and then traded above $1,290. April 2017 $1,210 — $1,250 May 2017 $2,000 Price reached a new high, reaching US $1,402.03 on 1 May 2017, and over US $1,800 on 11 May 2017. On 20 May 2017, the price of one bitcoin passed US $2,000 for the first time. May–June 2017 $2,000 — $3,200+ Bitcoin price and market cap (log scale) through November 2019. Early Trading: Bitcoin History . Bitcoin really started to take off in 2013. The digital currency began the year trading at around ...

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Quantum Computing and Bitcoin (Vitalik Buterin, November 2013)

Vitalik Buterin explains what quantum computers are, what they can and cannot do, and the implications they may have to the future of Bitcoin. The lecture took place on November 3rd 2013. Slides ... Back in 2013, an anonymous figure posted on the r/Bitcoin subreddit claiming to be a time traveller from the year 2025. He made a series of predictions for the price of Bitcoin in future years ... The video includes Litecoin (LTC) price from September 29, 2013 to today December 25, 2019. According to wikipedia.org, Litecoin (LTC or Ł) is a peer-to-peer... Incredible BITCOIN Price Movement 2009 to 2017 ..what will be his next step...? More Information https://www.cryptooos.com/ Buy Bitcoin(Lambo) here https://c... Sponsored by Bittylicious - https://bittylicious.com/ November 5, 2013 -- Lisbon, Portugal -- Catch That MadBitcoins Spirit! Here are Today's MadBits: Bitcoin prices ...

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