![]() ![]() It not only broke into the hundreds but got as high as $1,250. But in 2013, it really started to hit its stride and hit several high points as it went on a roller coaster ride that went up higher and higher. It subsequently dropped back down to $2 at the end of the year and took a whole year just to get back up to $13. With more people participating in the Bitcoin economy, the value of the digital currency took off, first hitting $1 at the beginning of 2011 and then skyrocketing up to $31 by the middle of the year. (In truth, all Bitcoin transactions can be traced, though the digital currency is linked with an account number rather than an individual). Bitcon became popular among libertarians and other advocates of consumer privacy for offering the anonymity of cash for their transactions. However, they were worth next to nothing, with beginning values of just 8 cents in 2010. ![]() Back then, it was relatively easy to mine them, as opposed to now when they require massive processing power and specialized mining rigs. ![]() Bitcoin also got its start in the circles of tech people who mined the caches of coins. Bitcoin has been around since 2009, following some other attempts at digital currency - attempts that never really gained traction beyond very small circles. ![]()
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