When You Should’ve Bought Bitcoin, and When It Became a Terrible Idea
— Halving, Price, World, Shouldve, Terrible, Crypto, Bitcoins, Good, Bought, Prices, Idea, Bitcoin — 1 min read
Bitcoin is the most popular cryptocurrency, and $1,000 is a nice, easy round number. Here’s how a Bitcoin investment made on various dates would be worth a lot of money now. May 22, 2010, was the day someone paid 10,000 Bitcoins for two pizzas. In November 2012, the Bitcoin reward for mining a block on the blockchain got cut in half, reducing the supply of new Bitcoins in circulation. This is a roughly every-four-years mechanism of making Bitcoins more scarce and, it follows, more expensive. In the year after this first halving, the price went from $12 to more than $1.200. Source