# The common facts about the bitcoin.....

INTRODUCTION ABOUT BITCOIN:-

#Bitcoin is the world's first cryptocurrency, a form of electronic cash. It is the first decentralized digital currency the system works without a central bank or single administrator. Bitcoins are sent from user to user on the peer-to-peer bitcoin network directly, without the need for intermediaries. These transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people using the name Satoshi Nakamoto and released as open-source software in 2009.

WHO IS THE DEVELOPER OF BITCOIN:-

Development
Original author(s)
Satoshi Nakamoto
White paper
"Bitcoin: A Peer-to-Peer Electronic Cash System"[4]
Implementation(s)
Bitcoin Core
Initial release
0.1.0 / 9 January 2009 (9 years ago)
Latest release
0.16.1 / 15 June 2018 (10 days ago)
Websitebitcoin.org

PRICES AND VALUE HISTORY OF BITCOIN:-

Among the factors which may have contributed to this rise were the European sovereign-debt crisis—particularly the 2012–2013 Cypriot financial crisis—statements by FinCEN improving the currency's legal standing and rising media and Internet interest.

Until 2013, almost all market with bitcoins were in United States dollars (US $).

As the market valuation of the total stock of bitcoins approached US$1 billion, some commentators called bitcoin prices a bubble. In early April 2013, the price per bitcoin dropped from $266 to around $50 and then rose to around $100. Over two weeks starting late June 2013 the price dropped steadily to $70. The price began to recover, peaking once again on 1 October at $140. On 2 October, The Silk Road was seized by the FBI. This seizure caused a flash crash to $110. The price quickly rebounded, returning to $200 several weeks later. The latest run went from $200 on 3 November to $900 on 18 November. Bitcoin passed US$1,000 on 28 November 2013 at Mt. Gox.

Prices fell to around $400 in April 2014, before rallying in the middle of the year. They then declined to not much more than $200 in early 2015.

And now bitcoin price live chart:-