h1d (OP)
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March 01, 2014, 08:55:54 PM Last edit: March 01, 2014, 10:55:36 PM by h1d |
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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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roslinpl
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March 01, 2014, 10:30:16 PM Last edit: March 01, 2014, 11:17:50 PM by roslinpl |
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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 ? It was released 2008, but Bitcoin was first registered @market 2010 (edited it was 2009 Ty DeathAndTaxes) And price as I remember was around 0.003$ or something like this (1st day)
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DeathAndTaxes
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Gerald Davis
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March 01, 2014, 10:34:44 PM |
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The site is no longer up (you might be able to find copies in internet archive) http://newlibertystandard.wetpaint.com/page/2009+Exchange+RateFirst 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.
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h1d (OP)
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March 01, 2014, 10:39:20 PM |
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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 As for New Liberty Standard, I had tracked an archived page with the pricing but was NLS also a public exchange that anyone could participate through web interface?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
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DeathAndTaxes
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Gerald Davis
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March 01, 2014, 10:42:15 PM |
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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.
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Bit_Happy
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A Great Time to Start Something!
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March 02, 2014, 12:32:30 AM |
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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+RateFirst 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)
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roslinpl
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March 02, 2014, 01:06:56 AM |
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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+RateFirst 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$ = 1309 BTC so 1.3 BTC = 0.001$. Like I said - something around 0.003$ ☺
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muchogas
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March 02, 2014, 03:35:27 AM |
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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.
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h1d (OP)
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March 02, 2014, 08:46:34 AM |
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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?
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roslinpl
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March 02, 2014, 02:20:23 PM |
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