Author

Topic: Price of Bitcoin on the earliest exchange? (Read 882 times)

legendary
Activity: 2212
Merit: 1199
March 02, 2014, 09:20:23 AM
#10


I did some fast research for facts.

http://en.wikipedia.org/wiki/History_of_Bitcoin
h1d
newbie
Activity: 21
Merit: 0
Thanks again.

So, it's safe to assume NLS started out as a simple exchange then Bitcoin Market showed up as a little more complete one and then went onto Gox's creation?
As for pricing, I guess there isn't a numeric data source available anymore but assume it was something along the line of sub $0.001 in the beginning?
newbie
Activity: 43
Merit: 0
For those people buying at $0.003, I'm wondering if they had the ballz enough to keep them to atleast $500... I bet a lot of them sold way earlier.
legendary
Activity: 2212
Merit: 1199
7.6% of one penny/BTC, wow that's a good buy!

The site is no longer up (you might be able to find copies in internet archive)
http://newlibertystandard.wetpaint.com/page/2009+Exchange+Rate

First reported exchange rate was $1 = 1,309.03 BTC on 05 OCT 2009.

Those early exchanges were more like a trade listing (like some altcoins now do with spreadsheets) than an automated exchange which users deposit funds to.  I doubt anyone kept detailed trade logs and volume records because honestly nobody knew for sure Bitcoin was even going to be worth $1 much less $1,000.


I learned something new, thanks. There is a thread here where an old-timer talks about selling off a spreadsheet for ~$0.003 (about a third of a penny)

I said "And price as I remember was around 0.003$ or something like this (1st day)" (or something like that)

DeathAndTaxes said 1$ = 1309BTC so 1.3BTC = 0.001$.

Like I said - something around 0.003$

legendary
Activity: 2114
Merit: 1040
A Great Time to Start Something!
7.6% of one penny/BTC, wow that's a good buy!

The site is no longer up (you might be able to find copies in internet archive)
http://newlibertystandard.wetpaint.com/page/2009+Exchange+Rate

First reported exchange rate was $1 = 1,309.03 BTC on 05 OCT 2009.

Those early exchanges were more like a trade listing (like some altcoins now do with spreadsheets) than an automated exchange which users deposit funds to.  I doubt anyone kept detailed trade logs and volume records because honestly nobody knew for sure Bitcoin was even going to be worth $1 much less $1,000.


I learned something new, thanks. There is a thread here where an old-timer talks about selling off a spreadsheet for ~$0.003 (about a third of a penny)
donator
Activity: 1218
Merit: 1079
Gerald Davis
It is the first one I am aware of.  I am sure trades occurred between individuals on an adhoc basis prior to that but NLS was the first (very crude) attempt to quantity the current exchange rate.
h1d
newbie
Activity: 21
Merit: 0
Thanks guys.

I have someone who is getting an interview from Japanese media and got this question.
"What is the first exchange that existed for Bitcoin and what the price was when it started."

As for New Liberty Standard, I had tracked an archived page with the pricing but was NLS also a public exchange that anyone could participate through web interface? Does it mean NLS is the first exchange in existence?

http://web.archive.org/web/20100721123936/http://newlibertystandard.wetpaint.com/page/2009+Exchange+Rate
donator
Activity: 1218
Merit: 1079
Gerald Davis
The site is no longer up (you might be able to find copies in internet archive)
http://newlibertystandard.wetpaint.com/page/2009+Exchange+Rate

First reported exchange rate was $1 = 1,309.03 BTC on 05 OCT 2009.

Those early exchanges were more like a trade listing (like some altcoins now do with spreadsheets) than an automated exchange which users deposit funds to.  I doubt anyone kept detailed trade logs and volume records because honestly nobody knew for sure Bitcoin was even going to be worth $1 much less $1,000.


legendary
Activity: 2212
Merit: 1199
I've read that the first public exchange is Bitcoin Market in the Bitcoin wiki but does anyone know what the price had been in the earliest days?
Bitcoin Charts seems to have data from May 2010 but not anytime earlier.

Also, did Mt.Gox surface as the next available public exchange?


Maybe it is because in 2010 Bitcoin was first time @ exchange market ? Smiley

It was released 2008, but Bitcoin was first registered @market 2010 Smiley (edited it was 2009 Tongue Ty DeathAndTaxes)

And price as I remember was around 0.003$ or something like this (1st day)
h1d
newbie
Activity: 21
Merit: 0
I've read that the first public exchange is Bitcoin Market in the Bitcoin wiki but does anyone know what the price had been in the earliest days?
Bitcoin Charts seems to have data from May 2010 but not anytime earlier.

Also, did Mt.Gox surface as the next available public exchange?
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