A Ku ti BTC yi oo 🔥🔥🔥

Part 3


The history of Bitcoin (BTC) vs the U.S. Dollar (USD) showcases the evolution of the world’s first cryptocurrency, its massive price fluctuations, and its rise from an obscure digital asset to a global financial phenomenon. Here’s a breakdown of Bitcoin’s price trajectory relative to the dollar from its inception to 2024:

2009-2011 (Inception and Early Growth):

2009: Bitcoin was created by the pseudonymous Satoshi Nakamoto. In its early days, Bitcoin had no market price since it was primarily mined by enthusiasts.

The first recorded Bitcoin transaction occurred in 2010 when a programmer, Laszlo Hanyecz, paid 10,000 BTC for two pizzas, now referred to as "Bitcoin Pizza Day."

Price in 2010: At this time, Bitcoin was worth $0.0008 USD per BTC.

2011: Bitcoin crossed the $1 mark for the first time in February.

By June 2011, Bitcoin reached $31 USD, but a sharp correction followed, bringing the price back down to $2-4 USD by the end of the year.

2012-2013 (First Significant Rally):

2012: Bitcoin saw steady but modest growth as more people became interested in cryptocurrency.

By the end of 2012, Bitcoin was trading around $13 USD.

2013: This year marked Bitcoin's first major bull run. The price spiked due to increasing adoption, media attention, and the launch of exchanges like Mt. Gox.

By April 2013, Bitcoin surged to $260 USD, but it quickly dropped to $50-60 USD after a crash.

Later that year, in November, Bitcoin had its first real parabolic rise, reaching an all-time high of $1,200 USD before crashing again due to regulatory concerns and the collapse of Mt. Gox.

2014-2016 (Mt. Gox Crash and Bear Market):

2014: The year started with Bitcoin around $800-1,000 USD, but after the Mt. Gox exchange was hacked, Bitcoin's price dropped sharply.

For most of 2014, Bitcoin traded between $300-500 USD.

2015: Bitcoin slowly recovered as the crypto space stabilized after the Mt. Gox fallout. However, it remained in a prolonged bear market.

Bitcoin ranged between $200-400 USD for most of the year.

2016: Bitcoin saw steady growth, driven by increasing adoption and interest from institutional investors. The halving event (when mining rewards were reduced) also helped push prices higher.

By the end of 2016, Bitcoin was trading around $900 USD.

2017 (First Major Bull Run and Explosion to $20,000):

2017: This was the year Bitcoin truly went mainstream. A wave of retail and institutional investment, along with the launch of initial coin offerings (ICOs) on Ethereum, fueled a massive bull run.

By mid-2017, Bitcoin had reached $2,500-3,000 USD.

In December 2017, Bitcoin hit an all-time high of around $19,800 USD, before crashing as the bubble burst. By the end of 2017, it had fallen back to $13,000 USD.

2018-2019 (Bear Market and Recovery):

2018: Bitcoin entered a bear market after its meteoric rise in 2017. Throughout the year, the price steadily dropped, reaching lows of around $3,200 USD by December.

The price fluctuations were fueled by concerns over regulation, exchange hacks, and general market instability.

2019: Bitcoin began to recover after the 2018 crash, driven by renewed interest in blockchain technology and digital assets.

Mid-2019 saw Bitcoin rise to around $13,000 USD, but by the end of the year, it had dropped back to $7,000 USD.

2020 (COVID-19 Pandemic and Bitcoin’s Rise to $30,000):

2020: The COVID-19 pandemic significantly impacted global markets, but it also fueled Bitcoin's rise as investors turned to it as a hedge against inflation and economic uncertainty.

In March 2020, Bitcoin briefly dropped to $4,000 USD during the market crash, but it quickly recovered.

By the end of 2020, Bitcoin had surged to new all-time highs, trading around $29,000 USD.

2021 (Bitcoin's Boom to $69,000):

2021: Bitcoin experienced an explosive bull market driven by institutional investment, mainstream adoption, and increasing interest in decentralized finance (DeFi) and non-fungible tokens (NFTs).

In April 2021, Bitcoin hit a new all-time high of $64,000 USD.

After a correction, Bitcoin rallied again and reached its all-time high of $69,000 USD in November 2021.

2022 (Bear Market and Market Corrections):

2022: After its highs in 2021, Bitcoin entered another bear market due to rising inflation, interest rate hikes by the Federal Reserve, and general risk aversion in global markets.

By mid-2022, Bitcoin fell to around $20,000 USD.

In November 2022, the collapse of the FTX exchange and a general decline in the crypto market pushed Bitcoin to around $16,000 USD, marking the bottom of that year.

2023-2024 (Post-Crash Recovery and New Developments):

2023: Bitcoin began to recover slowly as the global economy stabilized and more institutional investors entered the space. Concerns over inflation, regulatory developments, and the halving event expected in 2024 drove positive sentiment.

By mid-2023, Bitcoin was trading in the range of $27,000 to $35,000 USD.

2024: Bitcoin’s price continues to experience volatility as the next halving event approaches and global market conditions remain uncertain. As of early 2024, Bitcoin trades around $30,000 to $40,000 USD, though this could change significantly in response to macroeconomic trends and crypto adoption.

Summary of Key Bitcoin Price Milestones:

2010: $0.0008 (first recorded price).

2011: $31 (first significant rally).

2013: $1,200 (first parabolic rise).

2017: $19,800 (end of the first major bull run).

2018: $3,200 (end of 2018 bear market).

2020: $29,000 (pandemic-driven bull run).

2021: $69,000 (all-time high).

2022: $16,000 (post-FTX crash).

2024: $30,000-$74,000 (current).

Bitcoin’s price trajectory has been marked by extreme volatility, influenced by technological developments, investor sentiment, global events, and regulatory shifts.

iLegendd:
You even have multiple accounts with Mercy+whatever, MercyLike, MercySpeak, etc. The moment your MercySpeak logged in, you liked your comment posted by your MercyLike account to make it look like majority are with you.

You people should take it easy with manipulation.
All you could do it to make side comments and still login with your alternates to like your comment. Okay o, continue.

People like you are the reason I reduced my contribution here.

Please do not minimize your contributions here, you know this makes it easier for them to takeover the thread. This is what they want.
I want to believe we know them all by now. it takes a greedy person and someone who do not listen or read at all to be scammed at this point. Especially with the way people keep warning about it.

Please do not beg them to stop manipulation...It takes energy to manipulate and they need to invest their energy somewhere.
Whether Mercycome or Mercygo, if Mercylike Make Mercyjump. Scam is scam and most of them done caste. Thanks to the good guys here.

Keep up the good work.

Quitmast:

Lol…Uptober don cast. Make una go find another update.

November dey. Never give up.

Chikacha:
Please do not minimize your contributions here, you know this makes it easier for them to takeover the thread. This is what they want.
I want to believe we know them all by now. it takes a greedy person and someone who do not listen or read at all to be scammed at this point. Especially with the way people keep warning about it.

Please do not beg them to stop manipulation...It takes energy to manipulate and they need to invest their energy somewhere.
Whether Mercycome or Mercygo, if Mercylike Make Mercyjump. Scam is scam and most of them done caste. Thanks to the good guys here.

Keep up the good work.

Oyah, MercySpeak. 🎤 Lol.

DoctorShomo:


Mr man we did not come her to do an academic research on fiscal policy!

Bro. we are here to learn how to make money from crypto. How can you make money if you do not understand the dynamics of money Especially in your own immediate economy. Learning is never a waste.

Again, we are not here to make, gather, or Hodl crypto. We are here to make MONEY through crypto. Your goals are money and all forms of positive growth. Make we dey appriciate people wey dey try.

Our fingers and voices, even while anonymous, do not have be monstrous or negative.

Don Jazy don give VDBM 100m, we get am for here. We get am.

iLegendd:
Oyah, MercySpeak. 🎤 Lol.

I remember when you were dishing out some knowledge back in the days. You type a short paragraphs then write typing then another post then typing.

I had a heated argument with you over the short length of your essays and why you had to break it down. You said it's because of attention span of readers. I told you anyone interested in the topic would read it irrespective of its length


Imagine reading this now about the essay length. Lol.

Well done though. Read it all and really appreciate the effort.


Again lol.

Omobola121:


Ooh, I see now why some people aren’t getting updates. Information is all about keeping up with updates. No one will sit you down and spoon-feed you. You need to read, research, and gather information to stay informed.

I engage in several side hustles, and to be honest, I got about 80% of them from Nairaland.

I wish there is a way I can open my mind so that someone can walk around and see what I am trying to express to you. Everything I am today is from Nairaland.

...so if you are a keypad warrior here, you should think about the hours you invest here and reconsider...

In my life story, after God na Nairaland, Period.

lavylilly:
You dey give yourself hopeless hope.

Funny enough, I didn't even mine Pi at all so I'm not giving hope to anyone.

I'm just an analyst of the Finance markets and that above is a result of my analysis.

SINisSIN:
It seems some people know how to use this Nairaland pass others.I can't remember how many times I have typed business to do, I didn't see anything serious.

Same as P2P. When you are nice to people niceness returns to you. Sometimes it is not the thread, the people will introduce things to you.

There was longterm bank deposit that year You lock your money and spend the gain.
Palm oil and palm kernel business.
Errands
Chicken farm
Snail and Catfish farming.
Dog breeding..
USA student Visa..
Name it.

Times have changed but something must be out there for people this age.

Alexas58:


Sean
Do you remember empire market and WhatsApp
Group chat ?

I remember Empire market cos I was a member there before.

Empire market was on the dark web before it disappeared, right?

Chikacha:


I wish there is a way I can open my mind so that someone can walk around and see what I am trying to express to you. Everything I am today is from Nairaland.

...so if you are a keypad warrior here, you should think about the hours you invest here and reconsider...

In my life story, after God na Nairaland, Period.

Bro trust me she is not a keyboard warrior here.

She has earned a lot in 6 digits
from here and also got allies here too.

DoctorShomo:


Fight...

DoctorShomo, Contribute to this thread or end this fight.

LincolnOnyeabor:
So, if I get you guys correctly,

You'd like to have one page of wisdom written by iLegendd or some other persons and say 3-4 pages of Insults, abuse and childish tantrums??

What is wrong with all of you na

Let me talk like GenZ peepu... "it's GIVING young and restless" .. no Cap!

I need to be serious with this Nairaland now. Honestly Omobola121 inspires me. Imagine transacting business worth millions of naira with ordinary phone without renting shops or anything. I must up my hustle with this Nairaland now Ajeh.

Chikacha:


I wish there is a way I can open my mind so that someone can walk around and see what I am trying to express to you. Everything I am today is from Nairaland.

...so if you are a keypad warrior here, you should think about the hours you invest here and reconsider...

In my life story, after God na Nairaland, Period.

But it seems all these information are no longer available here again.

Chikacha:

Same as P2P. When you are nice to people niceness returns to you. Sometimes it is not the thread, the people will introduce things to you.

There was longterm bank deposit that year You lock your money and spend the gain.
Palm oil and palm kernel business.
Errands
Chicken farm
Snail and Catfish farming.
Dog breeding..
USA student Visa..
Name it.

Times have changed but something must be out there for people this age.

iLegendd:
Oyah, MercySpeak. 🎤 Lol.

Show us way Una no gree show way. How are you all making extra income with this Nairaland? No be the same Nairaland dot com we dey use? I have not make any extra one naira here apart crypto trading. Una to do oooo
Show us thread where Una dey see the money here abeg na

TrennixGLOBAL:


Bro trust me she is not a keyboard warrior here.

She has earned a lot in 6 digits
from here and also got allies here too.

No, I am not calling her a keypad warrior, not at all . I tried to reemphasize what she said. I guess I did it the wrong way. Sorry about that.
Her Moniker is highly exceptional. Her business relation and reviews are Remarkable.

SINisSIN:
I need to be serious with this Nairaland now. Honestly Omobola121 inspires me. Imagine transacting business worth millions of naira with ordinary phone without renting shops or anything. I must up my hustle with this Nairaland now Ajeh.

Yes! Anything is possible. I am now seeing that response person job going is going viral too. I am trying to identify the real ones.

SINisSIN:
But it seems all these information are no longer available here again.

Yes all of them don go. To farm now is no breakeven kind of thing... Even sending cars to sell to Nija don cast.. times have changed.

Enyinne:
Your right ,it's Robnecter .

LoL eyinnne

Please I need advice, I’m not a trader. Should I take profit on Eth and Sol or should I just leave it.

twosquare:
iLegendd, I have read your exposition on the naira/dollar thing, which is on point. It may go higher than expected, surpassing the #2000 mark in the next decade.

However, there is an outlier you didn't fully factor in, albeit you only scrap it, which is the possibility of a dollar crash. If this happens, the Naira may be appreciated in a way that would make it higher than the dollar. That is the only saving grace that can keep it from its trajectory.

So, if the US Federal Reserve decides to rug-pull the dollar or the economic situation beyond their control does this for them, then the dollar will end up like a shitcoin...pushing the clamour for CBDC.

Even without asking YouTube, the moment I opened it, I saw a video that just answered your question posted 13 hours ago. The Google monitoring is real. He talked about the Dollar collapsing and what will happen. It makes sense.

I saw a comment in that video that I like: @jackgoldman1 • 13 hr ago
Gold $20 per ounce, then $35, $800, $2020, $2,700. The gold never changed. Only the currency changed, falling toward zero.


https://www.youtube.com/watch?v=bxSzyVdO05o?si=d1zj1gc_r09kJOnJ

TrennixGLOBAL:


Funny enough, I didn't even mine Pi at all so I'm not giving hope to anyone.

I'm just an analyst of the Finance markets and that above is a result of my analysis.

Skengman:
Please I need advice, I’m not a trader. Should I take profit on Eth and Sol or should I just leave it.

Grab your profit while you can either 20%, 25% or even 70%

Prophetkelly:
Show us way Una no gree show way. How are you all making extra income with this Nairaland? No be the same Nairaland dot com we dey use? I have not make any extra one naira here apart crypto trading. Una to do oooo
Show us thread where Una dey see the money here abeg na

US stocks market
Remote jobs
Nigerian stocks market

Prophetkelly:
Show us way Una no gree show way. How are you all making extra income with this Nairaland? No be the same Nairaland dot com we dey use? I have not make any extra one naira here apart crypto trading. Una to do oooo
Show us thread where Una dey see the money here abeg na

Work from home, even if it is online PA, . And crypto for now, real estate too. Dubai do not take taxes..

Chikacha:


I wish there is a way I can open my mind so that someone can walk around and see what I am trying to express to you. Everything I am today is from Nairaland.

...so if you are a keypad warrior here, you should think about the hours you invest here and reconsider...

In my life story, after God na Nairaland, Period.

no be lie. same here. I am a living testimony too. Nairaland has been a blessing especially that ashewo thread really really really helped my life, take it from me, as someone who comes from the roughest part of Ibadan with little to zero connect and not knowing particularly where my life was going , this forum ( that thread ) nah him catapult my life to where I am now. Almost everything wey I know(90%) na from this forum, correct people Dey this forum no be small.

Though I have some regrets too, missed some opportunities cos I was kind of impetuous, I was supposed to ride and milk the wave wella that time , I won’t blame myself much sha..maybe cos I was young.
@ Alexas58 I know I was part of one group then on WhatsApp wey updates Dey drop( can’t remember the name again it’s been years), na me be that guy then wey vex comot cos I had a fall out with one guy.
Nairaland with crazy fantasies ,
Person was funding my ashewo lifestyle then sotey him go give me money to carry shima, so I would be able to drop sexcapade

seanwilliam:
no be lie. same here. I am a living testimony too. Nairaland has been a blessing especially that ashewo thread really really really helped my life, take it from me, as someone who comes from the roughest part of Ibadan with little to zero connect and not knowing particularly where my life was going , this forum ( that thread ) nah him catapult my life to where I am now. Almost everything wey I know(90%) na from this forum, correct people Dey this forum no be small.

Though I have some regrets too, missed some opportunities cos I was kind of impetuous, I was supposed to ride and milk the wave wella that time , I won’t blame myself much sha..maybe cos I was young.
@ Alexas58 I know I was part of one group then on WhatsApp wey updates Dey drop( can’t remember the name again it’s been years), na me be that guy then wey vex comot cos I had a fall out with one guy.
Nairaland with crazy fantasies ,
Person was funding my ashewo lifestyle then sotey him go give me money to carry shima, so I would be able to drop sexcapade

U understand what I’m talking about !

Beer parlour no dey like bfre again

Na after that group fall
I start crypto!

That group been help me a lot
Na during Covid we create that group around 2019!

One of those guys been later japa for that group!
U remember the guy?
We been no plenty for that group we create then
We been dey like 4

The first way I made money online was via kdp amazon and it was from this Same nairaland I read about it , info full for nairaland , na you go do your research, do not wait for anyone to come and be doing the research for you ..

It was from this same nairaland I heard about the cryptos " steem " and " Hive" and also the website where you can earn them via blogging and it still works till today..

It is from this same nairaland I discovered domain flipping e.g buying and reselling domain..

It is from this same nairaland that I learnt that one can make money via their telegram channel via the Telegram monetization program..


The first time I made huge money via perfectmoney and Bitcoin arbitrage , it was from this same nairaland I got the info..

It was from this same nairaland I got info on how to buy human hair from China without travelling to China.. with just alipay you are good to go..

More than 90% of the info I got was from nairaland , then proceeded with my own research outside nairaland to make money from the info..but at least it was from nairaland I first got informed that such website or programs existed..

Ghana Cedis. Ghana did something in 2007

The exchange rate between the U.S. Dollar (USD) and the Ghanaian Cedi (GHS) has undergone significant changes due to historical events, economic policies, and devaluations. Here's a summarized timeline from 1940 to 2024:

1. Pre-Cedi Era (1940–1965):

Before 1965, Ghana used the British West African pound, as it was a British colony. The exchange rate of the British pound to the dollar was about £1 = $4.03 until 1949, then £1 = $2.80 following a devaluation.

2. Introduction of the Cedi (1965):

Ghana replaced the British pound with the Cedi (₵) in 1965, at a rate of ¢1 = $1.40.

3. 1971:

A devaluation of the Cedi occurred, bringing the exchange rate to ¢1 = $1.02.

4. 1983–1984 Economic Reforms:

Major economic reforms, including structural adjustments and liberalization, saw the Cedi rapidly devalue. By 1984, the rate had fallen to approximately ¢30 = $1.

5. 1990s:

During this period, inflation and further economic challenges caused significant depreciation. By 1999, the exchange rate was around ¢3,500 = $1.

6. Introduction of the Ghanaian New Cedi (2007):

In 2007, Ghana re-denominated its currency, where ¢10,000 = GHS 1. The initial rate was GHS 1 = $1.

7. 2010s–2020:

Continuous depreciation occurred due to inflation and economic factors. By 2014, the exchange rate was around GHS 3 = $1, and by 2020 it reached GHS 6 = $1.

8. 2024 (Current Rate):

As of 2024, the rate fluctuates around GHS 15-17= $1, though this is subject to market conditions, central bank interventions, and global financial factors.

This timeline reflects the major shifts in the USD to GHS exchange rate, with the Cedi experiencing periods of rapid devaluation, especially during the 1980s and 1990s, and continuing depreciation into recent years.

My take: In 2000, Ghana's currency was more terrible than Naira where ¢3,500 = $1. In the next 7 years, it kept going down and in 2007, they couldn't take it anymore, so they introduced a new Cedis, just like Uganda did.

In 2007, Ghana re-denominated its terribly performing currency by cancelling 4 zeros where ¢10,000 = GHS 1. The initial rate was GHS 1 = $1.

Therefore,
At Ghana's worst, $1 = ¢10,000.
At Nigeria's worst, $1 = ₦1,950

Now, this is what you do. When you see a Ghanaian amount, add the missing 4 zeros and you'll get the actual price or the hidden price which they're trying to cover to avoid looking like Uganda and Venezuela.

As of 2024, the rate fluctuates around GHS 15-17= $1.

Now, if $1 currently equals GHS 17, the equivalent value in the old Cedi would be:

17 GHS * 10,000 = 170,000

So, without the redenomination, $1 would be GHS 170,000 (170,000 old Cedis).

This means the GHS is worse than the Naira in the real sense.