1. How did Bitcoin price develop?

Bitcoin price has its own wild road.

In 2009, the year Bitcoin was created, nobody could have thought it would gain such popularity. The initial price was about $0.001. Over the next five years there were no significant events, so the price rose slowly with little fluctuations.

In 2013, Bitcoin attracted a lot of attention because of the Cyprus banking crisis. In November 2013, the Chinese started to buy BTC in large quantities and the price increased by 1000 percent. However, it didn’t last long.

In February 2014, there was a DDoS attack on the servers of the exchange Mt. Gox. At that time, it controlled about 60 percent of Bitcoin transactions. This occasion struck Bitcoin hard and the price fell by 40 percent. Throughout the year, until January 2015, the price continued to fall down.

During 2015, Bitcoin gained popularity slowly but firmly and during that year, the price began to rise little by little.

Since May 2016, Bitcoin has earned the trust of more and more people, and its price has continued to rise.

In June 2017, the market saw a dramatic fall and the price decreased by 14 percent. Nowadays, Bitcoin is taking back its positions.