Summary

• Bitcoin has been declared dead 463 times and its price swings are mainly driven by its halving cycles and macroeconomic events.
• Since its start in 2009, bitcoin has gone on to set multiple records, with peaks of 1,000% growth and drops of 80-90%, yet it has always bounced back stronger.
• This article takes you through an overview of bitcoin’s price history year after year, around the significant events that have shaped it.

Introduction

Bitcoin is a revolutionary monetary system that seeks to challenge the existing structure of centralized credit-based money issued by bureaucrats and unstable banks. Its white paper was released in 2008, offering a new way out of financial issues by replacing human vulnerabilities with code. Although initially nothing more than an experiment, it soon began trading for goods and services. Since then, its value has risen from $0 in 2009 to more than $68,000 in 2021. In this article we explore how bitcoin’s price has evolved over time and the key events that have influenced it.

Price History

The following table provides a detailed breakdown of Bitcoin’s performance from 2010-2023:

Year | Start Price | High Price | Low Price | EOY % Performance
—–|————-|————|———–|——————
2010 | $0.003 | $0.40 | $0 | 9,900% 2011 | $0.30 | $32 | $0.29 | 1,467% 2012 | $4.70 | $16 | $4 | 183% 2013|$13.30 |$1,163 |$13 | 5953% 2014|$805 |$936

• This opinion editorial by Tim Niemeyer, co-host of the Lincolnland Bitcoin Meetup and an elementary school teacher, explores how our coercive fiat monetary system incentivizes less-than-optimal decision making.
• The article looks at how helicopter parenting is a symptom of living in a fiat system, where people in power have their own agendas and incentives.
• The author also explains how Bitcoin can provide long-term systemic change that isn’t beholden to any particular side or faction.

Exploring How Fiat Incentivizes Poor Decision Making

I’m Tim Niemeyer, co-host of the Lincolnland Bitcoin Meetup and an elementary school teacher. Being able to experience both these passions has helped me develop a greater understanding of each, particularly when it comes to exploring how our coercive fiat monetary system incentivizes less-than-optimal decision making and substandard relational habits… and maybe a little about how Bitcoin fixes this.

The Emergence of Helicopter Parents

In my almost two decades as an educator I’ve noticed the emergence of helicopter parents – those who fight their child’s battles, do their schoolwork, coach their coaches, keep their kids on a short leash, are a maid in their own house, play it too safe and can’t let their kids fail. These signs are all symptoms of living in a fiat system: one which allows humans to be in control of the money supply; one which sees people impose moral onto said money supply; one with high time preference actions due to inflation stealing time and efforts.

The Benefits Of Sound Money

Too few see that choosing red or blue or right or left doesn’t really provide long-term systemic change due to the fact that each side is beholden to their inherent system. Therefore I believe there are huge benefits to sound money not controlled by any particular faction – money like Bitcoin which can provide long term stability not controlled by any particular party or agenda.

Fiat Steals Time & Effort

Most everyone has justifications for their actions but everyone should know that our current monetary system steals time and effort via inflation which forces high time preference actions – something many don’t understand because they don’t experience its effects firsthand.

Bitcoin Fixes This Systemic Problem

By adopting sound money such as Bitcoin we can move away from this coercive fiat monetary system that incentivizes poor decision making and replace it with something more beneficial for all parties involved: stability provided by sound money not controlled by anyone party’s agenda; financial freedom from excessive taxation; economic empowerment through decentralization; improved relationships between generations through generational wealth transfers made possible with digital assets such as BTC; etc.. All things considered there’s nothing quite like having skin in the game when it comes to understanding why we need sound money like Bitcoin!

• The author, Mickey Koss, is a West Point graduate with a degree in economics. He found out about Bitcoin Magazine and sent them an article idea which was accepted.
• He received criticism on his second article submission but used it as learning point to adjust his strategy.
• He eventually gained the courage to promote his content due to the support of the Bitcoin community and now works as a writer for a YouTube channel.

My Journey Into Writing

I’m Mickey Koss, a West Point graduate with a degree in economics and four years in the infantry before transitioning to the Finance Corps. I didn’t expect that I would ever write for Bitcoin Magazine – but I found its article submission link by accident while looking for customer service email address and decided to give it a shot. After my first article was published, I was hooked and kept submitting more articles – one of which received an unceremonious “no” with scathing review from the editor. Despite this setback, I adjusted my strategy and continued writing, eventually gaining enough confidence from the support of the Bitcoin community to post my articles publicly on LinkedIn.

Lesson Learned

My experience taught me that just because someone doesn’t like your work doesn’t mean you are not good at what you do; there is always room for improvement and growth if you use critiques constructively. The editor who rejected me is now producing for a fairly large YouTube channel focused on Bitcoin – he even hired me to write behind-the-scenes content!

Find Your Niche

The goal should be finding your niche within the cryptocurrency space where you can add value by providing unique insights or perspectives that cannot be easily replicated or found elsewhere – this type of content will stand out among all of the noise online today. For example, instead of just talking about price trends or new regulations related to cryptocurrency, focus on something more specific such as how different countries are approaching regulation differently or how blockchain technology can revolutionize certain industries.

Showcase Your Work

Once you have created something new that adds real value – showcase it! Showing off your accomplishments does not make you arrogant; rather, it demonstrates your hard work and commitment to furthering progress in this field. Don’t be afraid to post your content on social media outlets like LinkedIn or Twitter – chances are that other people may appreciate your efforts even if they don’t comment directly on them! There is no better feeling than seeing others appreciate what you have created – so don’t hesitate when sharing new ideas!

Conclusion

Bitcoin has provided me with opportunities beyond what I could have imagined before discovering it – whether through writing articles or meeting incredible people within its community who share my passion for advancing cryptocurrency education/adoption worldwide. If anything else comes from reading this story: don’t let fear hold you back from pursuing things that excite you; take calculated risks; find mentors who can help guide you; stay humble; keep learning; never stop exploring possibilities (within reason); finally – enjoy every moment along the way!