Bitcoin Forum

Hello to everybody!

Watching one movie about early history of bitcoin there was mention about some price standard like ~1.3$ / BTC.
Now i can't find this movie, is anybody here could help me describing more info about such standard?

Thanx.

Are you wondering on such a low value for one bitcoin or something different thing you are about to ask here ? Most probably you are using the term "standard" from google translator.

Bitcoin was valued less than a dollar till 2011. The price level of $1.3 was from the period of April to June 2011. Just google to know the historial prices of bitcoins. It did not directly get its value into what we have today. It started from zero (in 2009) to $19500 in 2017.

I don't think there is a standard price thing in bitcoin, starting from the lowest, to its peak in 2017, to drop again now. and current prices are still higher than early 2017 despite a sharp decline after the climax

Just like any market out there, in the beginning of their journey, the price is too small but bitcoin gradually grow in the next 10 years and almost did touch $20k in 2017. I'm not sure about standard price though, everything is based on supply and demand. So maybe in the early years there's no demand, which is obvious because we really don't know what crypto or bitcoin is, but as soon as people learn how to trade and earn money then the price grow overtime.

it looks like the film has been deleted, but regarding the initial price of bitcoin it might be more appropriate at the price of $ 0.001- $ 0.1, this standard price might remind us of satoshi nakamoto at the start of the project launch,

Are you still curious about the film? if yes. then yeah I'm also still curious

For the history of bitcoin you can search it and see on how much it was before. https://en.bitcoinwiki.org/wiki/Bitcoin_history

In the process, you can see on how much bitcoin became in each year that passed.

What do you mean by this standard? Standard that declares the price of bitcoin? the price is being made by the total supply and demand of bitcoin which sums up to its total market cap. Is this the answer you are looking for?

Was that a  documentary? I am not sure if Bitcoin ever had a standard price. The creators never mentioned any standard price or something like that. Movies are movies. They shouldn't  be taken seriously.

I think the movie you are looking for is in titled "Bitcoin Heist". That is if I'm not mistaken. Though their are some moviesentioning Bitcoin but I doubt it had told somewhat kind of standard price for Bitcoin.

Exactly, that's the name of the movie, and you're right they do not give Standard Bitcoin price, although the movie is very interesting. They have different ways of thinking than those of a Market Speculator Operator and an Investor.

I am also curious about the film, it can find out about the history of popular bitcoin, extraordinary and widely known performance. From the starting point that makes us look more special, from a low value to its peak in 2017, an extraordinary trip.