At the time of bitcoin's inception, what was its original price?

3 answers

• Nov 24, 2021 · 3 years ago
  Back in 2009, when bitcoin was first introduced by its mysterious creator Satoshi Nakamoto, it had no established market value. The first recorded transaction involving bitcoin was made on January 12, 2009, when Nakamoto sent 10 bitcoins to computer programmer Hal Finney. Since there was no exchange or market for bitcoin at that time, it can be said that its original price was effectively zero. However, as the concept gained traction and more people started mining and trading bitcoin, its value gradually began to increase.
  528264
• Nov 24, 2021 · 3 years ago
  At the time of bitcoin's inception, its original price was essentially nothing. Bitcoin started as an experimental digital currency and its value was not determined by any market forces. It was only after the first recorded transaction took place and people started to recognize its potential that bitcoin began to gain value. The initial price of bitcoin can be considered as the cost of mining and the effort put into creating it.
  432144
• Nov 24, 2021 · 3 years ago
  According to historical records, the first known transaction involving bitcoin took place on January 12, 2009, when Satoshi Nakamoto sent 10 bitcoins to Hal Finney. Since there was no established market for bitcoin at that time, its original price can be considered as zero. However, as more people became interested in bitcoin and started mining and trading it, its value began to rise. Today, bitcoin is traded on various exchanges and its price is determined by supply and demand dynamics in the market.
  506127