It stayed relatively quiet for some time until there was a specific transaction that put it on the scene — Pizza Day in 2010 where someone paid 10,000 BTC for two pizzas (that would be over $557 million at the writing of this article). While there were then some ups and downs, Bitcoin didn’t hit the stratosphere until 2017, when it jumped from $1,000 to over $19,000. The year 2018 brought on a big crash, especially with a number of fraudulent ICOs (initial coin offerings).
You might have concerns that your financial activity is easily traceable. That’s one reason Bitcoin is so popular. Many people believe that Bitcoin is a completely anonymous payment system. While it’s not entirely foolproof, there are many measures incorporated to protect your privacy. How safe is it, though?
Learning more about cryptocurrency helps you make an informed decision over how you want to shop online. It’s important to understand the basics of cryptocurrency before you start trying to use Bitcoin.