300k

[robertcarlyle]

Would it have been possible for someone to have bought/acquire like 333,333 bitcoins in march of 2010?

[mikeywith]

Would it have been possible for someone to have bought/acquire like 333,333 bitcoins in march of 2010?

Indeed, 333,333/50 = 6,666.66 say 6,667 blocks, that block was mined on 2009-03-07, so long before march 2010 there was that much mined already.

The first block that was mined in march of 2010 was block 43085, there was already 2,154,200 BTC in circulation right before march 2010 started.

[robertcarlyle]

Would it have been possible to have bought like 1000 usd worth of bitcoin in march of 2010?

[Darker45]

Would it have been possible to have bought like 1000 usd worth of bitcoin in march of 2010?

I don't know the specific context behind the question, but I certainly think so. During that time, there was so much supply yet so little demand. The problem, or rather the challenge, wasn't who sells Bitcoin but who buys. If you come forward offering $1,000 for Bitcoin, you'd most probably be swarmed with so much offers.

Remember that it was also in March of 2010 when SmokeTooMuch auctioned 10,000BTC for a starting bid of $50. Nobody came forward to hit the ball rolling. The auction ended with not a single valid bid.

Moreover, it was as early as January of 2010 when sirius shared that he had already developed an exchange. It was also around this time when NewLibertyStandard shared that he already had a Bitcoin buy and sell volume.

So, yeah, it would be possible for somebody to have bought $1,000 worth of Bitcoin in March of 2010.

[BitGoba]

Would it have been possible for someone to have bought/acquire like 333,333 bitcoins in march of 2010?

Bitcoin had practically no market value for a long time after its creation, nor could it be easily exchanged for fiat currencies.
It was only towards the end of 2010, about a year and a half to two years after its launch, that the first smaller exchanges and options for trading Bitcoin for dollars or other fiat currencies began to appear.
So, in March 2010, it was probably not possible to exchange fiat for 333,333 bitcoins, as there were no official exchanges or platforms for trading Bitcoin for fiat currencies at that time.

[terrific]

Would it have been possible to have bought like 1000 usd worth of bitcoin in march of 2010?

Possible even if there is not that much people and demand during that time. Although the uncertainty was high during that time.
I'm wondering if you knew someone who's able to buy during that early. Because the majority of us were pretty much doing something else and used that kind of amount partying somewhere else.
And if there is none, this is just another question about those speculations of "what if" someone has bought too early during that time.
But with that numbers you've mentioned, there must be a meaning and a real thing that had happened which you knew.

[michellee]

Everything is possible IF they can risk their money. Bitcoin is new in that year so not many people know or want to buy Bitcoin. Many of us even underestimate how long Bitcoin will stay. They never thought that Bitcoin could become what it is today.

If in that year, exchanges are available, maybe those who open their minds and want to risk their money may buy Bitcoin and hodl it.

[Japinat]

It’s very possible since Bitcoin was dirt cheap back then, and the first exchange was actually made by a forum member here.

You can even check out his old thread for proof of how it all started.

Hi everyone.  I'm in the process of building an exchange.  I have big plans for it, but I still have a lot of work to do.  It will be a real market where people will be able to buy and sell Bitcoins with each other.  In the coming weeks I should have a website with a basic framework set up.  Please bear with me.

And check out this article as well..

https://www.cryptohopper.com/blog/what-was-the-first-crypto-exchange-449

Prior to dwdollar’s exchange there was no real consensus regarding the value of BTC. However when Bitcoinmarket first went live Bitcoin was priced around $0.003. Back then you would need 333 Bitcoins to buy a single dollar, while as of today you need$27,653.59 to buy a single Bitcoin!

So imagine this, back then $1 could buy you around 333 BTC. If you had $1k at that time, you’d be holding over 300k BTC today , that’s insane money now.

[robertcarlyle]

Towards the end of 2010 that one could buy this amount bitgoba? But why do many others say otherwise?

[Stalker22]

Towards the end of 2010 that one could buy this amount bitgoba? But why do many others say otherwise?

You need to give us some context. Why these questions? Who says otherwise?

Honestly, Bitcoin back then was basically an internet science experiment. The supply was tiny, nobody was really trading it, and there werent any real exchanges. You couldnt just click "Buy" on your phone and watch the numbers go up. Most coins lived in the wallets of a handful of nerds - miners and devs. So yeah, sure, it sounds easy in hindsight, but actually pulling it off? Well, not really.

[Cryptohygenic]

Would it have been possible for someone to have bought/acquire like 333,333 bitcoins in march of 2010?

Don't think out of the line mate, there is as many as available bitcoin for anyone to buy now and even when bitcoin gets to $1,000,000 anyone financially buoyant enough to buy above the 333,333. It all just depends on how much you can afford. So it is literally not the available bitcoin to buy that matters but your budgets for the purchase either in one time entry or the Dca approach is all good to buy as much as you can afford.

[Onyeeze]

Everything is possible IF they can risk their money. Bitcoin is new in that year so not many people know or want to buy Bitcoin. Many of us even underestimate how long Bitcoin will stay. They never thought that Bitcoin could become what it is today.

If in that year, exchanges are available, maybe those who open their minds and want to risk their money may buy Bitcoin and hodl it.

in addition even till today many people is underestimating bitcoin because of the values, so I believe that bitcoin it's the fear people have in bitcoin from 2010 that makes bitcoin not to have much values, do you know that bitcoin has not gone viral, they're some people who are ignorant of bitcoin, because they believe on what they see and they don't believe on what they don't see, even as is now, not everyone have to passion to hold for long term, so it's something you have to know from the beginning.

[peter0425]

Would it have been possible to have bought like 1000 usd worth of bitcoin in march of 2010?

Don’t you ask this all the time? I am pretty sure I have read a few posts from you about this over the past months. What exactly are you trying to understand? I get the curiosity but how is knowing the answers to the different varieties of one question about the past helpful to you?

[robertcarlyle]

How secure and reliable was new liberty standard before mid 2010 as far as buying bitcoin like today which is easy and covenient?