You may have heard success stories like the one about a man who bought $27 in bitcoin in 2009 and then found his investment to be worth almost $900,000 a few years later.But bitcoin’s value doesn’t always go up.Imagine if you bought a thousand bitcoins in late 2013 — when the cryptocurrency was worth more than $1,100 a pop — and then watched its value plummet below $200 in just over a year.It’s tough to predict exactly how much bitcoin will be worth in the future.But you may find success if you’re a savvy student of bitcoin’s price history.Let’s explore how bitcoin has grown over the years and where it might be headed.One US dollar (USD) is currently worth 0.000897 bitcoins (XBT).Inversely, 1 XBT is worth 1,586 USD.It’s difficult to know what bitcoin will be worth even a week from now, much less further into the future.To have a shot at predicting the price of bitcoin, you need deep knowledge of how the cryptocurrency is traded among institutional investors.And a finger on the pulse of world events.If you want to make a long-term bet on bitcoin, however, you have an important piece of information to back you up.

Bitcoin is different from fiat currency in one important regard — governments control fiat currencies, and there is no limit to how much they can print.On the other hand, only 21 million bitcoins will ever be created.Many bitcoin proponents speculate that this limited supply will only increase the value of the cryptocurrency in the long run.Learn how to send money using BitcoinThe very first bitcoin transaction took place on January 12, 2009, from creator Satoshi Nakamoto to developer Hal Finney.On October 5, online publication New Liberty Standard pegged the bitcoin exchange rate at 1 USD = 1,309.03 BTC — a calculation based on the cost of electricity for a computer to create bitcoins.July 2010 brought the founding of Mt.Gox, a bitcoin exchange that would eventually grow into the largest player in the market.We’ll start our bitcoin price history in 2011, using figures from CoinDesk’s price index.Early in the year, one bitcoin finally became worth as much as one US dollar.In just a few months, the price of bitcoin shot past the $10 mark.But on June 19 Mt.

Gox was hacked, causing customers to lose more than 4,000 BTC.Bitcoin’s value hovered around $30 for several days and began a slow descent to around $4 by the end of the year.Bitcoin experienced recovery in 2012.bitcoin card kaufenThe cryptocurrency didn’t hit the same heights it did the previous year, but it climbed back into the double digits by the end of the year.June saw the founding of Coinbase, which is one of the largest bitcoin platforms today.bitcoin kardashian gameIn November the publishing tool WordPress began accepting bitcoin as payment.In February, bitcoin surpassed its previous all-time high and then abandoned the $30 range as it continued growing in value.At the same time, Mt.bitcoin quotationGox was failing as bitcoin transactions overwhelmed its servers.bitcoin vad hander

Ross Ulbricht, the founder of dark web marketplace Silk Road (where bitcoin is used frequently), was arrested by the FBI on October 1.In the same month, bitcoin broke the $200 mark, and then it shot past $1,000 within a month.Chinese investment in bitcoin pushed the price of the cryptocurrency even higher.bitcoin litecoin futureBut December also saw the largest theft of bitcoins ever: 96,000 BTC from Sheep Marketplace.bitcoin virtual currency wikiWhat’s worse, China banned its financial institutions from processing bitcoin transactions.Bitcoin’s price euphoria came to an abrupt end, and the cryptocurrency steadily lost value over a year.bitcoin maximum pcGox finally shuttered its doors.bitcoins online handel

However, Microsoft and PayPal-owned Braintree started accepting bitcoin as payment.In late January, Coinbase launched its bitcoin trading platform.At the same time, Ross Ulbricht got life in prison and Mt.Gox’s CEO, Mark Karpeles, was arrested.But the European Court of Justice ruled that bitcoin is currency, not property, and that the cryptocurrency would not be assessed a value-added tax in the European Union.bitcoin 3000 usdBitcoin’s price broke the $400 mark toward the end of the year.The marketplace software OpenBazaar was released over the summer.It’s a peer-to-peer platform on which users can buy goods with bitcoin.Bitcoin’s price, in recovery mode at the beginning of the year, approached its former glory as it hovered around $1,000.Bitcoin peaked early in the year at over $1,100 on January 4.It then promptly plummeted below $800 a week later.While it’s grown steadily over February, at the time of the writing in late February, it sits at more than $1,000.Bitcoin mining: Can I make money doing it?At the time of this writing, bitcoin is worth $1,586.

But a week from now, it could be worth $1000 or even $2,000.Here are a few things that affect the price of bitcoin:Because bitcoin is a decentralized currency, the standards that dictate how to refer to it are still forming.In its earliest days, bitcoin’s currency code was BTC.With its growing acceptance as a legitimate currency, the International Standards Organization (ISO) has since designated bitcoin’s notation as XBT.If a currency is not associated with a specific country or government, its three-letter note starts with an “X.”However, XBT has yet to gain much adoption beyond banker and finance types.BTC seems to be what the everyday person and most enthusiasts prefer.Bitcoin’s legitimacy (and the general public’s interest in it) increases, you’ll continue to see references to both BTC and XBT until one eventually sticks as the standard.Details Features Paxful Bitcoin Marketplace Connect with bitcoin buyers and sellers through this peer-to-peer marketplace that accepts cash, credit and more than 300 other payment methods.

Fees: Varies by transaction, and PayPal no fees Supported countries: Worldwide Payment methods: Western Union, Paypal and many more Go to site More info Indacoin Cryptocurrency Exchange Use your credit or debit card to buy bitcoin and other cryptocurrency without having to verify your identity.Fees: Varies by transaction Supported countries: More than 100 countries are supported Payment methods: Payza, Credit/Debit cards (USD) and more Go to site More info CEX.IO Cryptocurrency Exchange Use your dollars, euros or rubles to buy and sell bitcoin with your dollars at competitive exchange rates and with high maximums for verified accounts.Fees: Varies by transaction Supported countries: Worldwide Payment methods: Wire, Credit/Debit, AstroPay Go to site More info Bitcoin Marketplace Trade fiat currency for bitcoin in person or online with this peer-to-peer exchange offering competitive fees and wide delivery options.

Fees: 1% commission for each completed operation Supported countries: Exchangers in 248 countries Payment methods: PayPal, Credit/Debit and more Go to site More info Have we missed anything in the comparison table?Tell us If the provider quotes a different rate to the one above please One US dollar (USD) is currently worth 0.000897 bitcoins (XBT).On the flipside, 1 XBT is worth 1,114.27 USD.In foreign exchange, this is what’s known as the mid-market rate — the midpoint between what buyers are willing to pay for the currency and what sellers are willing to trade it for.It represents what one currency is worth when converted to another currency.Here’s the mid-market rate between bitcoin and a few commonly traded currencies: Details Features Trezor Bitcoin Wallet Trezor is a secure way to keep your cryptocurrency safe from hackers and malware.PIN protection Recovery seed Single-purpose device Limited attack surface Go to site More info Have we missed anything in the comparison table?