How well do you know the history of the crypto currencies.

The crypto market these days have suddenly become a household name and like a song on the lips of everyone, hardly will you pass a place without hearing its discussions or even in a gathering of many persons where it is being discussed. The reason for this total discussions at random can be blamed on the rumours that the cryptos were all designed to take over the work of the fiat (money) or better still, replace the fiat in totality. For the future of we investors and enthusiates of the crypto currency buisness, it shall always be made to go down well with us given our committement towards it and the fact that we smile whenever their prices hit the moon and give a little bit of a frown when ever it hits the bearish point. With all that in mind, it becomes very imperative we dig a little bit deep into these cryptos and their general history for education purpose.

The first of the cryptos i want us to start with here is the BITCOIN.

Just as the name implies, the bitcoin was invented in the year 2008 by a group of people who adopted the name SATOSHI. this digital currency was introduced as a meduim of exchange which uses cryptography in order to forsee and control its existence, creation and management instead of relying on the well known and established authorities which is very much more centralized in their look and set order of things. This process however, allowed mr SATOSHI nakamoto to ensure everyone understands his ideas which has really at that time taken a massive growth and awareness both in the conventional/mordern day societies at large to the many companies as well.

However, the buisness of the bitcoin got more and more recognition in 2010 when most buisnesses at that time began to incoperate it as part and a legal trading currency down to this period its popularity has skyrocketed beyond our imagination and with a current market valuation that is placed at a massive $843 billion, it is clearly seen on the importance of value that is placed on this crypto currency and why it deserves to be made mention of as a household name at the world's economic sphere especially crypto wise.

Haven said all that, I think it would rather makes a whole lot of sense if I implore you all to join me as I introduce the many more facts and figures about the bitcoin you really need to know about;

• In the year between Feb-April 2011, the bitcoin took a parity in value with the US dollars ($)

• In november 2013, the price of bitcoin has risen from $150 in October to $200, then $350 of that same month of October, while its price surged again up to $1,242 on the 29th november of 2013.

• Then comes the month of April 2014 that is seen as the crisis month when we noticed a significant drop in the price of bitcoin.

• Then again, in the month of march, 2017, its price has yet again risen from the initial $1242 to a much better price of $1290.

• Then on the 20th may of 2017, these was an all time high again in its price to first at $1400-$2000.

• Then comes another major impact in the bitcoin and this time in the month of september 1st, bitcoin had broken that resistance into an all time high of $5000 for the very first time and by the end of December 15th 2017, bitcoin has reached an all time high of $17,900, while on the 17th of that same month of December, it has reached an all time high of $19783.06 and then fell again to $13800 of the same year of 2017 and then fell again by some huge percentages (%) and this time to a very low $6200 in Feb of 2018 which spanned through the 7th of December 2018 when its price crashed to $3300.

• Note: at this point, questions were asked as regards the potential existence in the bitcoin project, while installing the consumer's confidence back to them become the only remedy and way out of the bitcoin's sorry state.

• In the month of march 2020, its price which though has managed appreciate up to $5000, then dropped again which many investors and experts blamed this on the impact of the covid19 period that saw all buisinesses shut down in oder to help cushion its effect and spread.

• Then there was a moment of joy and happiness as its price noticed a sudden surge in order to meet a $10944 mark and then maintained that appreciation to hit a price of $19850 in November of that same year 2020.

• Then, by the start of the new year being 8th january 2021, its price has gone madly beyond all doubts as it was able to hit an all time high of $41973 but fell a little to $33400 in that same month of January 2021 while it appreciated again and rose to $44200 in the month of February of that same month and then finally to $50000 of that same month of Feb.

• This surge continued however to $60000 in the month of April the 10th 2021 but then started dropping some percentages due to some country's placing a ban on its existence, trading and mining. This unfortunate policy initiated by most governments of the world under the strong advice of the bad actors, saw the price of bitcoin slump madly in decline down to $30000 while it also recovered again to meet with yet again an all time high of $50000 irrespective of its challenges it had faced given the bad actors stance in ensuring that its existence is fizzled out of the entire system though ever since that recovery to $50000 on the 2nd of September, 2021, it has ever since then maintained both a high and a low which suggests the constant activities of these bad actors and the envy of the fact that the entire crypto system is a decentralized one that seems to establish a P2P transactions without seeking the help of the middle or intermidiaries who are the banks and other economic influencers as well.

In my next article, i'll discussing with you the history of the next crytpo currency called the Ethereum, its unique features, price and economic impact and many more. Pls stay tuned.

Note: all images are from unsplash.com