₿itcoin Chronicles 📰

Cyberspace Traveler

Navigating the digital cosmos

Decoding the future of finance one ₿lock at a time

[₿itcoin Chronicles 📰 @ZBehnam]

The Chronological History of ₿itcoin:

2008

October 31: Satoshi Nakamoto publishes the Bitcoin whitepaper titled "Bitcoin: A Peer-to-Peer Electronic Cash System," introducing the concept of Bitcoin to the world.

2009

January 3: The first Bitcoin block, known as the Genesis Block, is mined by Satoshi Nakamoto. It includes a reward of 50 BTC and a message referencing the financial crisis of the time.

January 9: Mining on the Bitcoin network officially begins with the addition of Block 1 after the launch of the Bitcoin software.

January 12: The first Bitcoin transaction occurs, where Satoshi Nakamoto sends 10 BTC to Hal Finney.

2010

May 22: The first real-world purchase using Bitcoin happens when Laszlo Hanyecz buys two pizzas for 10,000 BTC, now celebrated as "Bitcoin Pizza Day."

July 18: The first successful exchange of Bitcoin for traditional currency takes place at the rate of $0.00076 per BTC.

2012

November 28: The first Bitcoin halving event occurs, reducing the miner reward from 50 BTC to 25 BTC per block.

2013

March: The Bitcoin blockchain temporarily splits into two chains due to a significant bug, leading to a temporary halt in transactions and a sharp price drop.

April 1: Bitcoin's price surpasses $100 for the first time, signaling growing interest and adoption.

2016

July 9: The second halving event cuts block rewards from 25 BTC to 12.5 BTC.

2017

August 1: Bitcoin Cash, a hard fork of Bitcoin, is created to increase block size from 1 MB to 8 MB for faster transactions.

October 24: Bitcoin Gold hard fork aims to make mining more accessible by changing the mining algorithm.

2020

May 11: The third halving event reduces the reward to 6.25 BTC per block.

2024

April 19: The fourth halving event occurs, bringing the reward down to 3.125 BTC per block.

March 13: Bitcoin reaches an all-time high of $73,000, influenced by the approval of spot Bitcoin ETFs.

2028 and Beyond

Mid-2028: The next halving is expected, reducing the reward to 1.5625 BTC per block.

Subsequent Halvings: Every four years, the reward halves until it becomes negligible, with the last Bitcoin expected to be mined around the year 2140.

2140

Projection: The last Bitcoin is expected to be mined, reaching the total cap of 21 million BTC. After this, miners will rely solely on transaction fees for revenue.

Post-2140

Bitcoin will continue to function as a decentralized currency, with miners incentivized by transaction fees to secure the network. The scarcity of Bitcoin, with no new supply entering the market, might further influence its value.

This journey from a conceptual whitepaper to a globally recognized asset showcases Bitcoin's enduring impact on finance and technology.

This was an overview based on known historical data and projections, highlighting key events in #Bitcoin's development and the upcoming milestones until all bitcoins are mined.

[₿itcoin Chronicles 📰 @ZBehnam]

@Washigorira In terms of technical analysis, ~$30K is the bottom... but things like the number of remaining bitcoins to mine and institutional adoption, could keep the price above $50K. Patience is indeed the virtue here.

[₿itcoin Chronicles 📰 @ZBehnam]

Bitcoin's built-in scarcity makes a prolonged drop to $9k–$19k highly improbable in the long term, especially as we approach the tail end of issuance. While short-term volatility and drawdowns are normal (Bitcoin has seen 70-85% corrections before), the fixed supply cap combined with slowing new issuance creates powerful upward pressure that counters deep, sustained bearish scenarios like the one in your chart.

[₿itcoin Chronicles 📰 @ZBehnam]

@cryptorover Let's visit $50k

[₿itcoin Chronicles 📰 @ZBehnam]

@PeterSchiff @BTCNewsGlobal Just like you do for Gold

[₿itcoin Chronicles 📰 @ZBehnam]

@TruthFringe TAX

[₿itcoin Chronicles 📰 @ZBehnam]

@Dearme2_ Stop being a bi***

[JayGen 𝕏 er🇨🇦 @JayGenXer]

A 12-YEAR-OLD Canadian just dropped a 5-minute truth bomb on our entire banking system.

$800 billion national debt.

$160 million a day in interest payments.

Private banks creating money out of thin air while we pay the bill.

She breaks down how the government colludes with the banks to keep us in debt slavery… and what we should actually do about it (borrow from the Bank of Canada instead).

This kid gets it more than most adults in Ottawa.

Watch the full rant 👇

#CanadianDebt #BankingScam #BankOfCanada #EconomicTruth #LiberalFail #FixCanada

[₿itcoin Chronicles 📰 @ZBehnam]

@piersmorgan @_DeclanRice You sound so stupid

[₿itcoin Chronicles 📰 @ZBehnam]

@Vivek4real_ It's summer time... doing to $40k - $50k before the next leg up

[₿itcoin Chronicles 📰 @ZBehnam]

@Vivek4real_ A 60% drop from here is possible

[₿itcoin Chronicles 📰 @ZBehnam]

@AshCrypto Its heading to $30k

[₿itcoin Chronicles 📰 @ZBehnam]

@PeterSchiff @zerohedge Every politician and president has done the same one way or another

[₿itcoin Chronicles 📰 @ZBehnam]

@ThatTylerPopp Isnt Canada owned by Israel?

[₿itcoin Chronicles 📰 @ZBehnam]

@realJimJacobson @Archangelwoghd Whatever Donny Boy says 😂

[₿itcoin Chronicles 📰 @ZBehnam]

@BGatesIsaPyscho Last year in Montreal Mile End area, I saw ticks on plant leaves outside my house... already in Canada

[₿itcoin Chronicles 📰 @ZBehnam]

@BRICSinfo That's not Zolghadr in the picture

[₿itcoin Chronicles 📰 @ZBehnam]

@PeterSchiff @ZynxBTC Ive been telling people to buy Bitcoin since it was under $1. Eventually $100000 buyers will be ahead too. In the meantime, Im ret...

[₿itcoin Chronicles 📰 @ZBehnam]

@MarkJCarney Instead of being the richest country with so much resources and a low population, Canada is poor...

[₿itcoin Chronicles 📰 @ZBehnam]

@micah_erfan Island Girls

[₿itcoin Chronicles 📰 @ZBehnam]

@mrmikeMTL Government.