Hello evryone, I know this might sound crazy, but can anyone at least tell me How much was Bitcoin?
When Bitcoin first emerged, its price was incredibly low. In fact, the oldest known Bitcoin price chart shows that 13 years ago, you could purchase 1,000 BTC for just $30, with each Bitcoin priced at $0.03 cents.
Believe it or not, Bitcoin was practically worthless when it first launched in 2009. There wasnโt even a real market price for it. The first documented transaction involving Bitcoin happened around late 2009 on a forum called BitcoinTalk. Hereโs the crazy part: a user sold 5,050 Bitcoins for a measly $5.02! That means each Bitcoin was valued at only $0.00099.
Think about it - for a few bucks, you could have owned thousands of Bitcoins which are now worth a significant amount of money each. Of course, hindsight is always 20/20, but itโs a fun fact to think about!
Commencing at US$0 (2009)
When the Bitcoin network debuted in January 2009, and individuals began mining for BTC, the cryptocurrency had yet to be assigned any value.
In late 2009, the New Liberty Standard Exchange facilitated the inaugural exchange of Bitcoin for dollars. On the BitcoinTalk forum, users exchanged 5,050 bitcoins for $5.02 via PayPal, establishing the first mediated price through an exchange at a modest rate of $0.00099 per bitcoin.