Bitcoin Forum

What is worth 1 bitcoin? What would you buy for a single bitcoin? What would you sell for one bitcoin?

I would like this to be a historical thread, we can update it as the price of bitcoins change so we can look back at what a bitcoin is worth.

I would pay one bitcoin for:
- A good pizza.
- A t-shirt.
- An IMAX movie showing.

How creative can you be?



Historical suggestions
2011-07-08: A pizza
2011-10-08: One gallon of gasoline
2013-01-28: A box of See's Chocolates
2013-02-20: One ounce of silver
2013-03-28: One barrel of oil
2013-04-25: An android phone
2013-06-01: A used computer
2013-11-30: One ounce of gold

I'd sell one of my custom made PWM fan controllers for 1 bitcoin.

a liter of kombucha or Kefir

An ounce of gold.

$30.00

For 1 BTC I would buy 11 litres of petrol.

Someday we will mine gold in space from asteroids or other planets, bitcoins are limited to 21M.

So for me an ouce of gold = 0.01 BTC.

I sell a month's subscription to my online 24/7* interactive automated counselling site PaulsRobot (http://paulsrobot.com) for 1 BTC. It's not really an entry-level site so I wouldn't expect many takers, but it all helps to get the idea of bitcoins out there.

*Eek. The site's offline right now as I changed something. Let's say 24-ish/7 instead. :)

Deal!

I'll take the oz of gold if that wasn't clear.

5g Weed :P

Damn, beat me to it. I'd say 1g of Manicure bud ;D

what kind of cheap shit you smoking?

Although this is true, there are also Namecoins which will reach 21M.

Maybe you're just paying too much. :P For a true side by side comparison, why not compare the electricity costs to generate each?

hopefully someday i can buy a car with it

Man, do we have to get into a discussion of value/cost/demand market forces ?


Probably not too bad compared to mining. Innovative design does wonders

You can plant the plant outside, then it requires no electricity. It is hard to do that with bitcoins. (Although, there is an "environmentally conscious mining" thread talking about that too.)

2 trades on Scottrade.

True, but a lot is still grown indoors using electrical power so I think it could be an interesting comparison anyway.

I hope some day I could buy a house for 1 BTC.

I am actually looking for a house, you will give me yours for one bitcoin?

If 1 BTC > $100k I will sell you nice apartments in Riga.

I would pay one bitcoin for a nice steak dinner.

Eh.. I would pay that much for a pizza. It's so much better than steak anyways :)

Guess you never had a good steak then :) Comparing medium rare filet mignon to a pizza is ehh.. not funny!

Today 1 bitcoin can be traded for a slip of paper that says $10 on it.

I'll pay you a bitcoin for an ounce of gold.

Don't forget fertilizer cost, recurring equipment cost (bulbs, etc).  I think mining is more profitable overall...especially due to risk.  Very similar in power usage and initial equipment cost though.

I know it is not exactly 1 bitcoin, but I thought I would point out that at the site http://bitcoin-hosting.com/?page_id=4 (http://bitcoin-hosting.com/?page_id=4) you can get 1 year of webhosting for 1.5 bitcoin. So I guess going with the theme of the thread, you can get 8 months of webhosting for 1 bitcoin.

This site is setting their price in bitcoin, and it is a great deal.

deal, you can have all my coins right away for $30 each :D

It would be nice to have silver parity. But now it looks more like from 10 to 1$  :'(

You must not have had a good steak before.

I guess it depends on the size of the steak and the size of the pizza?

Whereas befoe you could get a nice steak dinner for a bitcoin, now you could only get a mediocre steak dinner. You might be able to squeeze two Little Ceasar's Hot'n'Ready pizzas out of a bitcoin if you are lucky.

A bitcoin will get you a gallon of gas.

Hey look, the bitcoin and the green paper can trade freely again!

just under three units of "tree fiddy"

Yesterday I took my family of five out to dinner at Taco Bell, we spent about the same mount as it costs to get one bitcoin now.

Today I went to the barber shop and got a haircut for me and my son for about the same price as one bitcoin.

It would be fun to see an historical chart with Bitcoin vs real things rather than just other money.

A while ago somebody posted a thread with graphs of BTC vs XAU prices. I suppose there is some metric they use for inflation, a sort of basket of commodities that you could chart?

I was on medication when I wrote that. It seemed like a much better idea then.  :P

I am from saudi arabia. Thats by today's prices a shameful exchange that you are quite losing!

At this moment 1 BTC = 14€ = 2 junk silver italian coins like this (weight: 11.00 grams,  purity: 835‰   = 9.19 grams of pure silver each. They are very nice):
https://encrypted-tbn3.gstatic.com/images?q=tbn:ANd9GcTCL5SSPD7sRyXw64S_Cp2yAeSOfJdlNLTADi3X0v2XrN-RAkP2

I would trade one bitcoin for:

• A box of See's chocolates (http://www.sees.com/prod.cfm/Chocolate_Assortments/Chocolate_Variety?utm_medium=cpc&utm_source=google_shopping&utm_campaign=Chocolate%20Assortments&utm_content=323&gclid=CJCT_PekjLUCFUjZQgodSwMADA).
• A 24 pack of beer.
• A pair of cheap shoes.
• Dinner at a midrange chain restaurant.
• A game of mini golf for 2.
• A round of paintball for 2.
• A tour of some tourist destination for 2.
• 3 or 4 1940's-60's silver quarters.
• 3 or 4 dozen eggs.
• 3 or 4 months of web hosting.
• ~4 gallons of gas.
• 2 hours of my labour.

Why? Cause I can always buy more at a similar price. I want to buy everything in btc!

Bitcoin is worth whatever someone is willing to pay for it. The same as everything else.

Thanks for stating the obvious. The point of this thread is to say what people would be willing to pay for it at this particular time. Thus the responses have and will continue to vary as time goes on.

Apparently, it's worth a "cool" response...

https://bitcointalk.org/index.php?topic=137432.0

1 bitcoin is worth 1 ounce of silver today.

Free market will tell you, dot be impatient!

This thread is not about being impatient, it is about saying what the free market is telling us right now.

Not many responses recently. Let's see....

1BTC can buy you a radeon 6450, sans tax.

Then you can make it all back in 2-3 years, taking into account difficulty change but not electricity.

One bitcoin is currently about enough to buy one barrel of oil.

1 mB (one millibit) is about equal to one US dime.

Today you can trade a bitcoin for a slip of green paper with Benjamin Franklin on it (USD 100).

A barrel of oil.

About a month's worth of groceries.

So, um, is that offer still open?  ;D

I just looked back at page one of this thread. Things have changed.

Today I earned about a bitcoin worth working at my job. (Hourly wage for 8 hours, I earn USD, but I earned the USD equivalent of a bitcoin)

Good luck with your USD storing their value, Go spend them while you can!

Or, if I want to use the money as savings, I can just convert them to bitcoins. That's the nice thing about having exchanges, if I earn USD I can convert them to bitcoins, or if I want to pay somebody who does not take bitcoins yet I can convert my bitcoins to USD.

Now it worth one middle-level android phone.

Yesterday I filled up my van with gas (about 16 gallons) for the price of 0.5 btc.

1/21,000,000 of the world

You would pay 1 btc for a freakin pizza? 130$+ for a freakin pizza?! It better have truffles all over it.

Check the date.

Date is indeed important - one year and two months before July 2011 someone paid 10,000 BTC for two pizzas...

You are saying the whole world is only worth 2.52 billion dollars? I think many economists would disagree with you. Just because there is a hard limit of 21 million bitcoins does not mean that each bitcoin is worth 1 21 millionth of the world, because they are just money and money has velocity.

Get 2.52 billion dollars and see how much bitcoin you can buy ;)

I wonder how long it'll take before a bitcoin will be worth enough to buy an inexpensive computer.  I'm thinking of my computer, which cost me $650 when I bought it in 2011.

I was just at a little computer shop yesterday, I was asking about their used computers. You can get a nice used computer and monitor for the price of one bitcoin.

1 BTC is worth about .000000000000001 of any coin that doesnt have forced deflation.

1 BTC is worh some quality 16GB of RAM

1 bitcoin is worth 1 gun. I was at a gunshop the other day and I noticed you can buy a gun* at the price equivalent of one bitcoin**.

* It was a little Phoenix arms 22lr pistol, not anything huge but still a gun.

** Using the MtGox price, which I know is questionable but it make the parity nice and even.

A bitcoin now is about the same price as I saw an SKS listed a couple years ago. The prices on guns has gone up dramatically the past couple years, not quite as much as bitcoins but definitely one of the highest increases in any one item class. That is mainly due to the political climate, and the fear that more guns were going to be banned. [Tinfoil hat] I suspect some of this political pressure came from the gun makers themselves, they certainly get a much bigger profit now selling the same thing.

A crisp new $100 or two £50 notes buys most of a BTC.

I got a £50 note from the bank once, when I came to spend it the novelty made is easy to spend and be accepted, I know this isn't generally the case.

BTC has left coins behind long ago :-o £2 in general or in theroy £5 are the largest amounts in England for coins.


Can you edit some sequential dated historical ones into the first post? Like when a nail cost 1BTC

Damn, I wish you could own guns in EU :(
In my country 1BTC is worth: 22" LCD, or a plane ticket to anywhere in Europe, or about 150 bottles of beer  (that would be my personal choice  ;))

Forget mining from space,  they will have an "atomic printer" and make anything they want. Whoever they are.

Making bitcoins could be tricky though :)

one porn service, eh...

one bitcoin is now about the same price as one ounce of gold.

Eternal happiness, plus future considerations, borrowing from the following argument:

Q: Which would you rather have, eternal happiness or a ham sandwich?

A: A ham sandwich, because nothing is better than eternal happiness, and a ham sandwich is better than nothing.

Thus, a BTC is better than X, for any X.

My original price assumption from above seems so distant now.

Hmm, today I would trade a bitcoin for an XBox One or PS4 with a couple games to go along with the new system.

Right now, a bitcoin is worth a little more than what my computer cost, back in 2011 when I bought it.

A brand new TV....
It's funny comparing old posts to posts today...just realising the 60x gain.

It is nearly worth the price of my Bengals season tickets. Hopefully we go even higher and I can afford luxury suites.  8)