Past, present, and future of crypto (BTC)

I will be starting by saying that I'm only a novice, but I make research on the life streams of crypto to know when it first came into existence.

Crypto started from 2009 and the first cryptocurrency was bitcoin. It was firstly outlined in 2008 white paper published by Satoshi Nakamoto, a pseudonym person or group and in early 2009 it was released to the public. When I was firstly introduced in 2009, it was effectively worth $0, it was only traded for free initially between early adopters. But in July 2010, bitcoin start at the rate of $0.0008 to $0.08 per coin.

Bitcoin later was influenced by some factors which later make it of benefits to early adopters. Factors like;

• The cost of producing a bitcoin through the mining process.

• The number of competing cryptocurrencies.

• The supply of bitcoin and the market's demand for it.

• The rewards issued to bitcoin miners for verifying transactions to the block chain.

• Its internal governance.

• Regulations governing its sales.

• The exchanges on which it trades.

Presently, the rate at which bitcoin is traded as increased to when it was introduced in 2009. Bitcoin price is now currently $55,952 and its dominance is currently 45. 43 percent and it increase of 0.04 percent over the day.

According to my research, the best time you can buy bitcoin is from 3pm to 4pm and if you're a good night owl, you can make your throw for a good deal from 11pm to midnight because during those times the value is the lowest, you don't have to pay so much cash to buy it.

To me, the way I see the rate at which people now demand for bitcoin, I will say the future of bitcoin is so bright. In years to come, the price will go up to $5,177,231 but the average is somehow inaccurate. I will advice to take some risk with cash which you won't be needing for now and us to take the risk for a future. If fortunately in future bitcoin is been authorised as a global currency and we all have to work 8-9 hours to earn atleast 5btc annually and btc is equivalent to $5,177,231, well let truth be told the future will be amazing for generations to come and superb for this present generations that can take risk in investing in btc.