Bitcoin, the virtual currency that seems to have hit the global financial markets? From its inception, Bitcoin has become one of the most controversial issues on the economic scene and continues to be a constant concern for many investors and business owners.
The myth is that Satoshi Nakamoto started working on Bitcoin in 2007 in Japan. (Nakamoto is said to be a collective pseudonym for more than one person). In August 2008, bitcoin.org was registered as a domain and the first version of the currency was released in January 2009. The exchange rate of the first version of bitcoin was determined at 1309.03 Bitcoin per US dollar, using the formula that includes the electricity costs of running the computer Issuing Bitcoin modules.
Bitcoin Market
Bitcoin was founded as the Bitcoin currency market in February 2010 and the first truly global deal was used when 10,000 bitcoin was paid for pizza on the bitcoin forum. At that time, the exchange rate for buying the pizza was about 25 USD.
As can be expected, when Bitcoin was introduced to the beginning, the majority of people were hesitant about the virtual currency. They did not know what they were doing in a currency that could not be seen or touched. The fact that it was presented as a decentralized currency without any legislation at all did not appeal to the majority of people. What was important was that Bitcoin could be bought at a very low price and there was no room to go up