Cointelegraph Annual Review

There are only 2 days left till the New Year – the 2014 is emerging and most of us seek positive changes and fulfillment of wishes. We are right on time to look back on the previous 12 months and to draw a line after the most determining and replete period of the life of the Bitcoin. The history has started back in the 2008, but the most terrific, important, exciting events took place this year, to engrave the year not only in IT and finance history, but surely in the chronicles of humanity, as cryptocurrencies have touched different aspects of our lives.

The Price of Bitcoin

The main topic of all conversations about and around Bitcoin has been its price. If we observe the statistics carefully and compare it with previous years, we can see that the currency has obtained its preferred price corresponding to it natural value only this year. The first fast increase has happened in April (266$) and can be reasoned with the attraction of many users and the popularization of the coin. The term became a popular search on the most engines, or, at least, was placed in the top-3 inquiries. The rather quiet summer has brought the society to a very dynamic autumn – the closing of a black market Silk Road, taking in custody of Ross Ulbricht, the owner of the platform, China changing its mind on the coin, statements and warnings from several countries around the world, new goods and services to be exchanged for virtual money have increased the price to beat gold with 1242 dollars per BTC. The current stability is surely associated with the busy holidays offering some other activities and necessities to the users, but many experts name the next year – the year of the Bitcoin among other sophisticated trends.

Society and Bitcoin in 2013 On the 28th of August Bitcoin received a license to live and to act – it was among other words of the update of the Oxford Dictionaries Online. It received a very humble and questionable definition: “a digital currency in which transactions can be performed without the need for a central bank”, but it is sufficient to enter our language and become a household name. It merely exists and cannot be disputed.

It seems to be a ticket or even an introduction for merchants and servicemen to consider Bitcoin as a fair payment method. This year will definitely stay in our minds as a time, when numerous products started to be available for coin users and they also have been offered discounts for the loyalty to the virtual currency.

The digital coin allows an activist to provide all basic necessities. Recently, on the 25th December we have published a list of the pioneers of the healthcare branch, who are ready to monitor pregnancy (Fertility Care, is located in Brea, California, the USA), challenge a mind disorder (MindSci Psychiatric in New York, the USA), care for a spread ankle (Nordorthopaedics clinic in Vilnius, the capital of Lithuania) and provide all necessary actions to the pets of the online environment users (Vetco form Albuquerque, New Mexico).

A healthy bitcoiner is also hungry. This problem was approached by many merchants – from burger stands in a district of London, to a whole chain providing fast-food. Subway sandwich outlets offer customers discounts for Bitcoin payments, becoming a global supporter of the initiative.

In case the user wishes to get something to please his/her soul, please, browse through numerous offers on the web, among them – music. Snoop Dogg (better say, Snoop Lion) and Mel B have voiced their wish to accept bitocin for their products – songs.

Even, if that is not enough and someone have thousands of coins left after he or she has covered his/her basic needs the luxury world can be observed. Virgin Galactic is ready to bring You to outer space since November, Riders Borja and Elvis can take You on a ride around Africa, Lamborghini can provide You with the most efficient and green vehicle around. In case You prefer to spend lazy hours at the swimming pool or would like to purchase a collection of fine China as an add on to a mansion – just contact Las Vegas property agent to free Jack and Laura Sommer from their luxurious burden.

And if something still is left, remember, receiving is as good as giving away, especially on Christmas. Sean’s Outpost accepts donations of Bitcoins to provide regular dinners or even establish a place to live and work for roofless.

Law and Order for Bitcoin in 2013

This year Bitcoin has made numerous attempts to leave the underground he was pushed by natural happenings. Time was necessary for the currency to establish a particular position, to enter the financial world with the same rights as fiat currencies and to try to replace them offering more advantages than anyone else.

As the year has sta