💡 We are launching a new series of posts titled #BackInTheDay, where we will recall the most exciting and terrifying moments from the world of crypto. And of course, occurrences like this one:

🪙 13 years ago, on July 15, #Bitcoin stabilized at $14 per coin after falling from $29. Back then, investors, who are now often labeled as having "weak hands," were debating whether to sell #BTC to lock in their losses and get their fiat money back.

Those who continued to hold onto their digital gold and kept believing in bitcoin now have a 400,000% return on their investments.

Let that sink in… 🧠

💡 Let's take a break from depressing news and remember Hal Finney — a key figure in cryptography

It may be thanks to him that today we are discussing the drop in Bitcoin from $70,000 to $50,000. Think for a second about these figures representing the value of a virtual asset created by one person.

🪙 Although #Bitcoin was created by Satoshi Nakamoto, #BackInTheDay it was Hal Finney who contributed to the early development of #BTC. He tested blockchain technology literally on his home computer and was the first recipient of a Bitcoin transaction, receiving 10 BTC from Satoshi himself.

🛡 Additionally, Finney was the developer of the PGP encryption program and an active participant in the cypherpunk movement, which aimed to use cryptography to protect personal freedom and privacy in the digital world.

All this, along with the recently discovered connection between the Japanese transliteration of the name Satoshi Nakamoto and its Latin symbolic reading as “Hal Finney”, leads to the idea that Finney was the creator of Bitcoin, wishing to remain anonymous but continuing his work in cryptography despite a severe illness until his death in 2014.

👉 Share your thoughts on this theory in the comments, and read about other versions of Satoshi's identity here and here

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We want to believe 🚀

#BackInTheDay

💰 Let's #BackInTheDay and remember Bitcoin faucets

“Faucets” are special websites or applications that distribute small amounts of #BTC or other cryptocurrencies to users for performing certain actions. These actions typically include viewing ads, solving CAPTCHAs, participating in surveys, and so on.

🪙 Bitcoin faucets still exist today and distribute 0.00000001 bitcoin. However, in their early days, back in 2010, faucets could give away several BTC. One such faucet, created by Gavin Anderson, used to give away a full 5 bitcoins for solving a single CAPTCHA.

Undoubtedly, faucets played a significant role in popularizing cryptocurrencies, as they were how early Bitcoin enthusiasts first encountered cryptocurrency and blockchain technology 👨‍💻

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🕯️ Yesterday marked exactly 10 years since the death of Hal Finney

Finney was one of the founding fathers of #BTC, and his contribution to the development of the technology is hard to overestimate. We wrote more about the first crypto enthusiast here.

#BackInTheDay

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🪙 Summer is over, so it’s time to remember how #Bitcoin performed in September over the past 10 years:

🔼 2023: +3.91%

🔽 2022: -3.12%

🔽 2021: -7.03%

🔽 2020: -7.51%

🔽 2019: -13.38%

🔽 2018: -5.58%

🔽 2017: -7.44%

🔼 2016: +6%

🔼 2015: +2.36%

🔽 2014: -19%

🔽 2013: -1.76%

Do you think #BTC will close this September in the green or the red?

#BackInTheDay

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📆 Analogies from #CryptoQuant:

#BackInTheDay, in 2008, the price of gold began to rise from $590 per ounce and reached $1,900 in 2011.

📉 This happened against the backdrop of declining yields on 13-week Treasury bills, which led to increased demand for stable and limited assets like gold.

🕯 In 2024, we observe a similar trend: #gold has already risen from $2,000 to $2,700. However, this time it has a digital competitor — #BTC, which may capture some of the attention of investors and, consequently, part of their capital that could have gone into precious metals.

#Opinion

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#BackInTheDay, investors who chose the #DiamondHands strategy have come out on top today 💎

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On #Halloween, let’s recall the price of #Bitcoin #BackInTheDay over the past 14 years 🎃

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