Digital Marketing Course

Introduction

What is Bitcoin Cryptocurrency? How Does Bitcoin Work? Key Features

Full History of Bitcoin: Founder, 1st Transaction, Initial Value, Availability, More

How Bitcoin Transactions Work? Full Bitcoin Transaction Process with Example

What Are Benefits of Bitcoin? Top 8 Bitcoin Advantages

What Are Disadvantages of Bitcoin? (Drawbacks & Risks)

Bitcoin Terminology (A to Z): All Bitcoin Terms and Glossary

Top Uses and Applications of Bitcoin Cryptocurrency

Bitcoin Mining

What is Bitcoin Mining? Why Bitcoin Mining is Done?

How Are Bitcoins Mined? Full Process of Mining Bitcoins and Cryptocurrency

History of Bitcoin Mining

What Are Advantages & Disadvantages of Bitcoin Mining? (Pros and Cons)

Advanced Bitcoin Concepts

What is Role of Blockchain in Bitcoin?

What is Bitcoin Wallet? What Are Different Types of Bitcoin Wallets?

How to Choose Right Bitcoin Wallet? How to Create Bitcoin Wallet Account?

What is Bitcoin Exchange? Top Bitcoin Exchange Platforms

Companies That Accept Bitcoin Payments (eCommerce, Tech, Web Hosting, Food Companies)

What is Bitcoin Trading? All Types of Bitcoins Trading

How to Invest in Bitcoins? Top 4 Ways to Buy Bitcoin in 2025

Top 4 Ways on How to Get Bitcoins Fast

What is The Future of Bitcoin in The Next 5 Years?

10 Best Cryptocurrency Exchanges in India in 2025 (With Features, Pros, Cons)

Bitcoin - Certificate

Does the concept of Bitcoins and cryptocurrencies fascinate you? Then you must explore all the important things related to this digital currency in this Bitcoin tutorial for beginners.&nbsp;
Because of the numerous <a href="https://www.tutorialsfreak.com/bitcoin-tutorial/benefits-of-bitcoin" target="_blank" rel="noopener">benefits of Bitcoin</a>, it has today disrupted the crypto market. It is not only seen as a mode of trading and investment, but also as a mode of payment by some top brands. Microsoft, AT&amp;T, Burger King, KFC, PayPal, Starbucks, etc., are the big names accepting Bitcoins. Start learning about cryptocurrency trading, transactions, investment, and everything at the backend in this Bitcoin tutorial.&nbsp;

Bitcoin - Example

Bitcoin - Interview Question

This Bitcoin tutorial will explain what Bitcoin is and how you can get started with it in a simple, easy-to-understand way.

Bitcoin Tutorials for Beginners (In-Depth Guide)

Bitcoin Tutorial

Bitcoin - Quiz

All Bitcoin concepts explained, from blockchain & trading to exchange & mining.

Bitcoin Tutorial for Beginners

Know The Bitcoin History From Beginning

Who is Founder of Bitcoin?

First Bitcoin Transaction

The Value of Bitcoin During First Economical Transaction

Availability of Bitcoin on Cryptocurrency Exchange

Massive Growth of Bitcoin Value

The Current Value of Bitcoin

Test your knowledge with a quick quiz!

Among several other investment assets, Bitcoin has had a real volatile history since its launch. This digital currency had its humble beginning back in 2008 and saw its peak in 2017.&nbsp;
In just a decade, it has seen a fall and a rise in its value. In this comprehensive <a href="https://www.tutorialsfreak.com/bitcoin-tutorial" target="_blank" rel="noopener">Bitcoin tutorial for beginners</a>, let&rsquo;s know about the full history of Bitcoin and who invented Bitcoin.&nbsp;

<?xml encoding="utf-8" ?>The idea of Bitcoin came into existence on October 31, 2008. <a href="https://en.wikipedia.org/wiki/Satoshi_Nakamoto" target="_blank" rel="noopener">Satoshi Nakamoto</a> is called the inventor of Bitcoin. It is said that he was going through a financial crisis when he started the concept of Bitcoin.He had posted a message on the cryptography mailing list titled &lsquo;Bitcoin P2P e-cash paper&rsquo;. It had a link to the &lsquo;<a href="https://bitcoin.org/bitcoin.pdf">Bitcoin: A Peer-to-Peer Electronic Cash System</a>&rsquo; whitepaper. These are available online.<img title="Who is founder of bitcoin.png" src="https://d2x0t6n5jvjipg.cloudfront.net/uploads/learning-course/images/lcourses/6e75cb7a-994c-47b1-a9cb-bafb87cdba4b-1647078065.png" alt=" Founder of Bitcoin" width="807" height="371">In this whitepaper, Nakamoto detailed the concept of Bitcoin as a digital currency that is completely decentralized, meaning it has no controlling power.&nbsp;

<?xml encoding="utf-8" ?>It was January 3, 2009, when the first blockchain was instituted when the genesis block (the first block) was mined. And, the first transaction took place a week later.&nbsp;For the first few months of Bitcoin introduction, the Bitcoins were obtainable only by miners as they validated the Bitcoin blockchain.<img title="First bitcoin transaction in history.png" src="https://d2x0t6n5jvjipg.cloudfront.net/uploads/learning-course/images/lcourses/778cc644-a255-4fae-a932-fde2f744b062-1647078239.png" alt="First Bitcoin Transaction in History" width="1024" height="404">

<?xml encoding="utf-8" ?>The first economic transaction took place a year later when a man in Florida negotiated Bitcoins for two Papa-John&rsquo;s pizzas.<img title="First bitcoin transaction value.png" src="https://d2x0t6n5jvjipg.cloudfront.net/uploads/learning-course/images/lcourses/40a6e96d-e9ba-4634-8252-69f1f2b16370-1647078458.png" alt="First bitcoin transaction value" width="1280" height="612">Being valued at $25, these pizzas were delivered at the cost of 10,000 Bitcoins on May 22, 2010. As a result, this Bitcoin experienced its first real-world value or price at 4 Bitcoins for every penny. Fast-forwarding to today, the same transaction would have cost about $114 million.&nbsp;<img title="Pizza purchase with bitcoin.png" src="https://d2x0t6n5jvjipg.cloudfront.net/uploads/learning-course/images/lcourses/2d808290-59f0-456b-825b-c7bcc484dcdc-1647078458.png" alt="Pizza purchased with Bitcoin" width="1093" height="684">"In the early days, the first transactions with Bitcoin were 'negotiated' on internet forums with people bartering for goods and services in exchange for Bitcoin," says Garrette Furo, partner at Wilshire Phoenix, a New York-based investment management firm. "The value of Bitcoin was originally arbitrary."Later in 2011, Bitcoin miners and coders began building other networks like Litecoin and Ethereum. It improved the codes behind Bitcoin blockchains, making them adaptable for different purposes.

As an increased number of people and businesses started accepting Bitcoins, this led to an increase in the value of Bitcoins alongside the traditional currencies.&nbsp;
Once Bitcoin was available on exchange to a wider audience in 2010, this made buying, selling, trading, and storing currencies easier.&nbsp;

<?xml encoding="utf-8" ?>In 2021, Bitcoin only took a month for them to smash its previous 2020 price record. And, by mid-April, the Bitcoin prices reached their new heights with $60,000 as Coinbase (a cryptocurrency) went public.&nbsp;As further interests in the market propelled, the worth or value of Bitcoin amplified to more than $63,000 in April 2021.<img title="Bitcoin value growth over years.png" src="https://d2x0t6n5jvjipg.cloudfront.net/uploads/learning-course/images/lcourses/63c5ae9f-0085-4208-bcc6-50f9cce6013d-1647078758.png" alt="Bitcoin value growth over years" width="1200" height="900">

By the summer of 2021, the prices saw a fall by 50%, hitting lows like $29,795.55 on July 19. In autumn months, since September, the Bitcoins experienced a hike and were valued at $52,693.32 but just two weeks later, it came down to $40,709.59.

The idea of Bitcoin came into existence on ____ .

Know about the history of Bitcoin, the Founder of Bitcoin, First Bitcoin Transaction,  its growth, current Value and more. Also, solve the quizzes to test yourself.

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Full History of Bitcoin: Founder, 1st Transaction, Initial Value, Availability, More

Table of Contents

Test your knowledge with a quick quiz!

The idea of Bitcoin came into existence on ____ .