How much was Bitcoin worth in the beginning and how to invest?

Do you know how much a Bitcoin was worth when it first appeared? Is the difference in the price of the unit very different from the prices that fluctuate today? 

Thursday (23), exactly 10:00 am, one Bitcoin unit is worth 123,175.03. 

The price variation could be -1.44% in 24 hours, meaning it could be worth less in the next few hours. Likewise, it could be worth +4.15% in a month. 

This is one of the main characteristics of a Bitcoin, its volatility, which means that the price can go up or down frequently, and it is precisely in this fluctuation that we can make a profit.

In today's text you will discover more details about this cryptocurrency: how to invest, market variations over time and much more! 

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 What is Bitcoin?

According to the Federal Revenue Service, the number of individuals investing in cryptocurrencies jumped from 794,755 to 1,336,715 in mid-2022. 

Currently, there are more than 14,000 different cryptocurrency models traded on the internet, however, only 300 have significant trading volume.

Bitcoin was the world's first decentralized cryptocurrency, and today, it is the crypto most popular and one of the most profitable on the market. 

There is a mystery surrounding this asset, no one knows for sure who created it, but we have a pseudonym: Satoshi Nakamoto.

However, we also don't know for sure whether it's a single person or a group of programmers. Many people have come forward claiming to be the creator of Bitcoin, but so far, no one has been able to prove it.

BTC is a virtual currency. With this form of electronic money it is possible to carry out transactions without the intermediation of a financial institution.

The process of transactions involving cryptocurrencies is also known as peer-to-peer (point to point).

In short, this means that two people can send Bitcoin to each other — even if they're in different countries — without the need for a bank or international remittance company.

User transactions are confirmed and recorded in the technology blockchain, an advanced and immutable database engine that allows direct sharing of information between involved parties. 

Since there is no third party involved in the transactions, for example, an intermediary bank, international transactions involving BTC are usually cheaper and faster than transferring fiat currencies. 

When did BTC emerge?

It appeared exactly on October 31, 2008. On that date, Satoshi Nakamoto sent an email to a list of people interested in cryptography.

In the text, he said he had been working on a new peer-to-peer electronic cash system.

In addition, the email also included a link to the complete manual for the digital currency. The document was 9 pages long where Nakamoto described the fundamentals of BTC, among other important information.

Despite having appeared in 2008, the first file name with Bitcoin transaction information was only mined in 2009, in January, almost three months later. 

How much was a Bitcoin worth in the beginning?

In October 2009, almost a year after its emergence, US $1.00 was equivalent to 1,309.03 Bitcoin, that is, the cryptocurrency cost US $0.00764, less than 1 cent.

The initial price was set by New Liberty Standard, the first official platform for the distribution of Bitcoin.

At that time, the price was based on the cost of generating new coins. However, users began to realize that it would be impossible to maintain the current value given the greater demand.

Then, BTC started to appreciate day after day. Twelve years after its first trade, this cryptocurrency appreciated 3,000,000% (3 million percent).

To give you an idea, 1,309.03, which was worth just 1 dollar almost 14 years ago, was worth 65 million in 2021. 

See the table below for market variations in the first Bitcoin trades.

Source: New Liberty Exchange / Image taken from the website sports.yahoo.com

Now that you've discovered how much was a Bitcoin worth and other information about this cryptocurrency, do you want to find out how to invest in this asset?

It's simpler than you think, in fact, in some digital accounts you can invest in Bitcoin and other cryptocurrencies from just R$1.

How to invest in Bitcoin?

The most common way to invest in Bitcoin is through a exchange, a digital platform where you can sell, buy, exchange or store this asset. 

Another way to invest in cryptocurrency is through ETFs regulated by B3. Currently, there are brokers and digital banks that act as exchanges and make crypto investments available to their clients.

Discover some of them below and find out how to start investing quickly and easily.

1. Binance

Binance is currently the world's largest exchange by trading volume. It offers a wide range of cryptocurrencies. 

On the platform you can buy, trade and hold more than 350 coins. Among the most popular cryptos on the platform, we find, for example: 

• Bitcoin;
• BNB;
• BUSD;
• Ethereum.

It is considered one of the best platforms for trading this asset. To start investing, simply access the Binance platform and register.  

2. Nubank

If you are a Nubank customer, you should know that it also allows you to invest in Bitcoin in the app. 

In addition to this asset, the app also includes Ethereum, Polygon, and Uniswap. The fintech says it will have more crypto options soon.

One advantage is that you can invest from R$1 in any of the assets available in the app.

Nubank is an interesting alternative for beginners, as the app is easy to use, track income and price variations.

As your knowledge on the subject increases, you can move on to a more complete exchange, such as Binance itself.

Open your Nubank app and click on the money sign icon ($). Then, with the Cashiers and Investments icon, the Crypto icon will appear. 

Click and then press the + sign below which it says “Buy”. Choose the currency you want to invest in and click buy again.

You can invest any amount above R$1.

3. Bitcoin Market

Mercado Bitcoin is one of the largest digital asset platforms in Latin America.

It was founded in 2013 by Gustavo and Maurício Chamati and in 2021, it became the first cryptocurrency unicorn in Brazil.

On the platform we find more than 200 digital assets available. To start investing in Mercado Bitcoin, create an account, transfer money to it via Pix, TED or Doc and buy assets from R$1.

So far you have discovered how much was a Bitcoin worth, but he also realized that it is possible to start investing with very little.

4. PicPay

At PicPay, customers can buy and sell cryptocurrencies in a straightforward and bureaucracy-free manner. 

For now, the number of coins available is still small, so it is only suitable for beginners.

This is because one of the recommendations from cryptocurrency experts, as with any other investment, is portfolio diversification. 

You can invest in Bitcoin, Ethereum or USPD starting from R$1. 

5. Foxbit

Foxbit has an extensive portfolio of crypto assets. Among the services found on the platform, we can highlight, for example: 

• Buying and selling cryptocurrencies;
• NFTs, Gaming and Metaverse;
• Tokenization of Real Assets;
• Payment in crypto assets;
• Crypto-as-a-service.

The fees applied by Foxbit are among the lowest on the market. Speaking of which, these companies charge some fees and/or charges for some services, for example, asset withdrawals.

After all, your income comes from these fees and rates. The ideal is to choose a company with good support, security and, in addition, lower rates.

What are the advantages and disadvantages of investing in cryptocurrencies?

When it comes to cryptocurrencies, beginner investors have many questions and concerns: is it worth investing in cryptocurrencies? What are the risks and advantages?

When we talk about disadvantages, it is important to highlight some risks involving this investment model.

One of them is that negotiations with these assets are not protected by the Credit Guarantee Fund, one of the most important tools for ensuring investor protection.

Another risk is that Bitcoin has no collateral, so it is more difficult to calculate its real value. 

Other than that, there is no daily fluctuation limit. The price of this asset is unpredictable, due to its constant fluctuation.

One of the safest ways to have high returns and not expose yourself to risk is to opt for direct investment, through the Stock Exchange, with ETFs. 

Regarding the main advantages of investing in cryptocurrencies, we highlight:

• Diversification;
• Low movement rates;
• Decentralization.
• Volatility;
• Security.

Conclusion

Bitcoin was the world's first cryptocurrency and many others have been created from it. Its creation also enabled the formation of a billion-dollar industry. 

New business models, companies, products and jobs have emerged. Therefore, it is very important to be part of such a promising universe.

Now that you've discovered how much was a Bitcoin worth, you can start investing in this asset. However, don't forget to diversify your portfolio to reduce risks. 

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