The Eras of Bitcoin and the Cryptocurrency Market 2009-2017

The Era of the Cryptographer and IT Engineer in the Cryptocurrency Revolution

2009 was an opportunity of a lifetime for many Engineers and Cryptographers.

The year prior a small group of them were introduced to a white paper, a government or other authoritative report giving information or proposals on an issue, which had an idea for a cryptocurrency protocol called Bitcoin.

These groups of Technical Engineers and Developers along with Cryptographers all worked together to make this idea a reality and succeeded with the Legacy Blockchain in 2009.

These were the first wave of Bitcoin Miners, Bitcoin mining is the process by which the transaction information distributed within the Bitcoin network is validated and stored on the blockchain. They receive fees attached to all of the transactions that they successfully validate and include in a block.

This was a good time and only time anyone will see such opportunity for wealth.

The End of The Era of the Cryptographer and IT Engineer.....

The Era of the Smart Investor and The Wave of Developers

It was a bad time and an amazing time from 2009-2016.

More Cryptographers and Developers were drawn to this new decentralized idea in technology. This wave of people had many questions and knew where to find answers because everything was so transparent for them, because code is what they know, and code was available to inspect everywhere they wished on this new Blockchain Technology. So naturally people started to have ideas.....

The Cryptocurrency Renaissance

Bitcoin's success was opening a new door to a world full of opportunities, it showed the way to creating a new world using technology in a different way to Cryptographers and Developers.

This created the Cryptocurrency Market, which attracted staff, but also investors.

These Investors understood the opportunity which was up for grabs. So other decentralized cryptocurrencies were created like Litecoin, Monero, and Dash, but so where other new types of Cryptocurrencies. Ethereum, Stratus, and Waves were not used as currency but as a commodity to power programs and smart contracts. The people who still believe in the old centralized society also created cryptocurrencies like Ripple, Steller Lumens, and Tether.

From 2013 to 2016 Bitcoin's value went up to the first record high of 1200$ and that drew a lot of attention and created a lot of wealth. It also saw a plunge all the way to 220$ a Bitcoin. At this time people left the space, but the ones who stays were the ones with the last laugh. The Altcoins continued development of their protocols and companies, and then we saw the rise once again the summer of 2016.

At this time a lot more people are exposed to this new development in technology, the mainstream media, banks and other central institutions like governments, and even the underworld of crime.

The Cryptospace has grown a whole lot very quickly and a lot of new players with their own agendas came in and ended the Era of the Smart Investor and the Wave of Developers and started The Era of the Big Institutions and Corporations and The Wave of the New Investors.

The Era of the Big Institutions and Corporations and The Wave of the New Investors

2017 is a huge year for Bitcoin and the Cryptocurrency Market. From January to April the Cryptospace got a lot of attention from Institutions like Microsoft, Paypal, JP Morgan, Visa and Mastercard to name a few, along with whale investors. New companies sprang up left and right and more and more people were introduced to Cryptocurrency and Bitcoin.

During this time you could actually hear people talking about it on the news, and in magazines. The most brilliant minds of our era were talking about Bitcoin and Cryptocurrencies. Governments were paying more attention to the possibilities and some lucky regular citizens were introduced to this new world. The thing that every one of these people have in common was, they all invested into it.

This pumped a lot of money into the space and caused it to grow exponentially

May was the month of no return. If you did not invest into Bitcoin or Cryptocurrency you will never see those prices ever again.

These were the days where young money and old money will always remember.

The world of Crypto grew the summer of 2017 ending The Era of the Big Institutions and Corporations and The Wave of the New Investors

Now

So much has occurred from September of 2017 until now . Institutions are trying to regulate cryptocurrencies, others try to ban it. Unsuccessfully Central Authorities all over the world have been trying to take control of cryptocurrenices.

The media is split into propaganda of Bitcoin being something illegal, and only used by criminals, and being a source of information which is not familiar with what Bitcoin is and why it even exists. While people with big audiences take advantage of their audiences' ignorance and scam them out of money or promote bad investments into ICOs for personal gain.

ICO's and Airdrops became popular which complicated how governments and institutions dealt with Cryptocurrency. Leading to needs for regulation in the free space.

I will tell you this. This new Era we are entering is the most important one in human history.

The War Begins.

We are striving to create a Decentralized world with cryptocurrency. Others want to stay Centralized.

Institutions will be pushing their weight around using the media and censorship to educate the masses. Showing them what they want them to see.

It is important that the people who know the history of this new world help those that don't. Spreading knowledge and understanding will enable people to make a informed decision that will change the world some more forever.

The information war did not start with cryptocurrency! Cryptocurrency just took it into a whole new level.

Thank you for reading I really appreciate it!

My next post will be The Information War