2009 | Bitcointalksearch.org

tread93

hero member

Activity: 1344

Merit: 583

Quote from: OmegaStarScream on October 09, 2024, 01:53:00 PM

Quote from: robertcarlyle on October 09, 2024, 01:48:12 PM

If someone in the u.s. bought 1000 usd worth of bitcoin on february 19, 2009, how much would that be worth today??

Bitcoin was not tradable (on exchanges) at the time. So, there is no answer to that question. In the early days, people were just sending it to each other, mining it using their computers or using faucets to claim it.

Quote from: https://www.forbes.com/advisor/in/investing/cryptocurrency/bitcoin-price-history-chart/#:~:text=What%20Price%20Did%20Bitcoin%20Start,a%20value%20of%20%240.0009%20each.

What Price Did Bitcoin Start At?
Bitcoin was originally worth next to nothing.

The transaction that first gave Bitcoin monetary value was in October 2009, when Finnish computer science student Martti Malmi, known online as Sirius, sold 5,050 coins for around $5.02, giving each Bitcoin a value of $0.0009 each.

I believe it only became tradable on exchanges in 2011.

For 2013 or above, I found this site which you can use: https://calendar.bitbo.io/if-i-bought/

For some reason that calculator didn't work for me. But hindsight is 2020 vision! I had the chance briefly before Bitcoin was long forgotten in my memory to buy Bitcoin in NY in 2010. I was about to put $20 into it but someone stopped me and on that day the price was .12 cents per bitcoin. IF I would have bought then today I might have had 167 coins and that translates to $15,030,000 at today's exchange rate. Safe to say I effed up lmao only $20 invested would net you 15 Mil today! Think about that, that's nuts.

nullama

hero member

Activity: 1008

Merit: 960

Quote from: Smartvirus on November 15, 2024, 06:13:44 PM

~snip~
Bitcoin was just an idea but now, it’s more than that as we have it now, it’s transcended being an idea to an asset of real value, breaking into our world by a sat at a time and having more and more value.

The thing is that one Bitcoin is exactly the same as it is today as it was in Genesis. That's the beauty of it.

All the parameters that Satoshi decided for Genesis are set in stone so to speak.

The only things that have changed are added security, performance, etc. The protocol itself is pretty much the same as it was since Genesis.

Smartvirus

legendary

Activity: 1554

Merit: 1139

Quote from: acroman08 on October 09, 2024, 06:54:00 PM

Quote from: robertcarlyle on October 09, 2024, 06:43:10 PM

So bitcoin wasnt worth shit on february 19, 2009?

yes, bitcoin wasn't worth shit on February 19, 2009. but if you did a quick search on Google using "how much was bitcoin in 2009" keywords you'll find an article mentioning that on October 2009 Sirius sold 5,050 bitcoins for $5.02 which means bitcoin was worth $0.0009 each at the time.

here's the article if you are curious https://www.forbes.com/advisor/in/investing/cryptocurrency/bitcoin-price-history-chart/

It was the genesis of Bitcoin with zero value, zero interest and zero popularity which means, no one knew a thing about it and as such, why would you want to go investing up to $1k in an asset that isn’t worth $0.001, it wouldn’t make sense and that’s why a lot of persons at the time just didn’t. That’s a lot of money to throw in an idea that you can’t yet establish to go beyond its online accreditation.
Bitcoin was just an idea but now, it’s more than that as we have it now, it’s transcended being an idea to an asset of real value, breaking into our world by a sat at a time and having more and more value.

OgNasty

donator

Activity: 4760

Merit: 4323

Leading Crypto Sports Betting & Casino Platform

Quote from: robertcarlyle on October 09, 2024, 06:43:10 PM

So bitcoin wasnt worth shit on february 19, 2009?

It wasn’t worth much at all until 2011 and that was a quick bubble to around $32. It wasn’t until 2013 when it started really becoming valuable, peaking at over a thousand dollars each that year. Before then I think pretty much everyone was half expecting it to become worthless. By the end of 2013 it was clear it had the support to be big…

?

Activity: -

Merit: -

At that time, Bitcoin was only a concept; it wasn't tradable on any exchange. It could only be traded person-to-person (P2P), and the price was agreed upon by both parties.

pinggoki

sr. member

Activity: 1666

Merit: 426

In addition to what @OmegaStarScream have just said, I am pretty sure that we will probably remember it and people would still be talking about that purchase to this day because if there ever was a purchase at that date, people would know about it and it's guaranteed to be a milestone in the history of bitcoin, there's no other way around it.

BitMaxz

legendary

Activity: 3374

Merit: 3095

Playbet.io - Crypto Casino and Sportsbook

Quote from: robertcarlyle on October 09, 2024, 06:43:10 PM

So bitcoin wasnt worth shit on february 19, 2009?

Have you read the link I provided above? It should explain how much worth the BTC is.
Like I said, no value. That's why SmokeTooMuch put it on auction, which turns the BTC price worth $50 for 10k BTC but no buyers they found.

If you can't go to the link I provided check this image below

acroman08

legendary

Activity: 2436

Merit: 1104

Quote from: robertcarlyle on October 09, 2024, 06:43:10 PM

So bitcoin wasnt worth shit on february 19, 2009?

yes, bitcoin wasn't worth shit on February 19, 2009. but if you did a quick search on Google using "how much was bitcoin in 2009" keywords you'll find an article mentioning that on October 2009 Sirius sold 5,050 bitcoins for $5.02 which means bitcoin was worth $0.0009 each at the time.

here's the article if you are curious https://www.forbes.com/advisor/in/investing/cryptocurrency/bitcoin-price-history-chart/

robertcarlyle

newbie

Activity: 20

Merit: 0

So bitcoin wasnt worth shit on february 19, 2009?

Wiwo

hero member

Activity: 1022

Merit: 667

Top Crypto Casino

The only thing that could have earn you bitcoin at that time was your engagement in either mining bitcoin in a very easy and newbie friendly ways using your personal computer, just like what we are seeing in the shitcoins market where some users can mint those coin just by using they telegram accounts, to get free coins, so same was the condition of bitcoin as at Feb 2009 but gradually bitcoin becomes more popular and attractive with attached value and since when bitcoin became tradeble on Cex exchange it value have grown significantly.

Riceandbean

copper member

Activity: 18

Merit: 0

Quote from: robertcarlyle on October 09, 2024, 01:48:12 PM

If someone in the u.s. bought 1000 usd worth of bitcoin on february 19, 2009, how much would that be worth today??

stop asking bitcoin price here ,you can find it out in any chart history

BitMaxz

legendary

Activity: 3374

Merit: 3095

Playbet.io - Crypto Casino and Sportsbook

This topic is pretty interesting without idea of how much BTC worth at that time if you read the Bitcoin history under value history basically Bitcoin around that year has no value and SmokeTooMuch auctioned it 10,000 BTC for $50. So if you BTC from SmokeTooMuch for $1000 then you might have around 200,000 BTC which is worth $12,144,000,000.00 with the current price today.

If I were you better read The History Of Bitcoin scroll down to prices and value history.

Aanuoluwatofunmi

sr. member

Activity: 672

Merit: 416

stead.builders

Quote from: robertcarlyle on October 09, 2024, 01:48:12 PM

If someone in the u.s. bought 1000 usd worth of bitcoin on february 19, 2009, how much would that be worth today??

Had it been people knew that bitcoin would turned to what it is now, they would have rush on it ever since and many rich men could have also invested and hodl to this time, but it became a surprise all of a sudden that the more the people were getting informed about bitcoin the more broader it network and value becomes, but as at then in early days of it development, bitcoin has no real time value whereby one can buy or sell because its free in the first place.

Findingnemo

hero member

Activity: 2366

Merit: 793

Bitcoin = Financial freedom

Quote from: OmegaStarScream on October 09, 2024, 01:53:00 PM

I believe it only became tradable on exchanges in 2011.

For 2013 or above, I found this site which you can use: https://calendar.bitbo.io/if-i-bought/

Before Mt.Gox there's actually one by NewLibertyStandard.

Quote from: https://web.archive.org/web/20091229132610/http://newlibertystandard.wetpaint.com/page/Exchange+Rate

Exchange Rate

We Sell 1,578.76 Bitcoins for $1.00 USD Plus PayPal Transaction Fee.
We Buy1,578.78 Bitcoins for $1.00 USD Minus PayPal Transaction Fee.
$100.00 USD Available
15,100.00 Bitcoins Available
PayPal Transaction Fee Calculator
12/28/2009

As per this one can buy or sell his/her bitcoin at $0.0006334(approx) on Dec 2009 but at that time people rarely bought bitcoin for real, it was just forum users just transacting bitcoin to show or learn how the bitcoin network operates to the bitcointalk community members.

FortuneFollower

copper member

Activity: 168

Merit: 4

Quote from: OmegaStarScream on October 09, 2024, 01:53:00 PM

Quote from: robertcarlyle on October 09, 2024, 01:48:12 PM

If someone in the u.s. bought 1000 usd worth of bitcoin on february 19, 2009, how much would that be worth today??

Bitcoin was not tradable (on exchanges) at the time. So, there is no answer to that question. People were sending it to each other, or claiming using faucets, and also mining using their own computers.

Quote from: https://www.forbes.com/advisor/in/investing/cryptocurrency/bitcoin-price-history-chart/#:~:text=What%20Price%20Did%20Bitcoin%20Start,a%20value%20of%20%240.0009%20each.

What Price Did Bitcoin Start At?
Bitcoin was originally worth next to nothing.

The transaction that first gave Bitcoin monetary value was in October 2009, when Finnish computer science student Martti Malmi, known online as Sirius, sold 5,050 coins for around $5.02, giving each Bitcoin a value of $0.0009 each.

For 2013 or above, I found this site which you can use: https://calendar.bitbo.io/if-i-bought/

That was a glorious day for the space as a whole.
Thanks for the time you invested in the analysis of it!

OmegaStarScream

staff

Activity: 3500

Merit: 6152

Quote from: robertcarlyle on October 09, 2024, 01:48:12 PM

If someone in the u.s. bought 1000 usd worth of bitcoin on february 19, 2009, how much would that be worth today??

Bitcoin was not tradable (on exchanges) at the time. So, there is no answer to that question. In the early days, people were just sending it to each other, mining it using their computers or using faucets to claim it.

Quote from: https://www.forbes.com/advisor/in/investing/cryptocurrency/bitcoin-price-history-chart/#:~:text=What%20Price%20Did%20Bitcoin%20Start,a%20value%20of%20%240.0009%20each.

What Price Did Bitcoin Start At?
Bitcoin was originally worth next to nothing.

The transaction that first gave Bitcoin monetary value was in October 2009, when Finnish computer science student Martti Malmi, known online as Sirius, sold 5,050 coins for around $5.02, giving each Bitcoin a value of $0.0009 each.

I believe it only became tradable on exchanges in 2011.

For 2013 or above, I found this site which you can use: https://calendar.bitbo.io/if-i-bought/

robertcarlyle

newbie

Activity: 20

Merit: 0

If someone in the u.s. bought 1000 usd worth of bitcoin on february 19, 2009, how much would that be worth today??

Topic: 2009 (Read 248 times)