1 Bitcoin was once valued at around $0.00655

[Ahli38]

Perhaps some of you don’t know that Bitcoin was once that cheap per coin. And if you look up Bitcoin’s all-time low on Coinmarketcap you’ll see it was around $0.04 (Source). But Bitcoin’s price has actually been lower than that. In an old thread you can see that an early user once auctioned off 10k Bitcoin with an opening bid of $50. And if at that time someone had bid around $51 or even $60 then they would have gotten Bitcoin at a much lower price. But the auction ended without anyone placing a bid. I think that at the time many people still didn’t believe Bitcoin would become so valuable. And perhaps that’s how people feel who think Bitcoin is already too expensive. But I personally would never consider Bitcoin too expensive given that its performance so far has far exceeded the predictions of early adopters.

(Source)

I’d like to know, do you still think Bitcoin is too expensive right now considering that many people were willing to bid lower in that old thread? And don't you believe Bitcoin will exceed $1 million? Share your thoughts as well.

[Aanuoluwatofunmi]

The way bitcoin appeared and stopped many of us a lesson to always arrive early on any opportunity that comes onboard, even though this does not mean that we should be hasty about making decision and fall into the hands of scammers, taking our time to make the necessary research about an opportunity and also taking quality risk control measures to prevent us being a victim of any fraudulent activity, once we have been satisfied with our information gathered, then we can risk it to invest on in certain amount we can afford to lose.

[Catenaccio]

Perhaps some of you don’t know that Bitcoin was once that cheap per coin. And if you look up Bitcoin’s all-time low on Coinmarketcap you’ll see it was around $0.04 (Source). But Bitcoin’s price has actually been lower than that. In an old thread you can see that an early user once auctioned off 10k Bitcoin with an opening bid of $50.

If you need to check Bitcoin price too far in the past, don't use Coinmarketcap website, let's use this site.
https://bitcoin.zorinaq.com/price/

On 2009-10-05 the market price of Bitcoin is first established at $0.000764/BTC by New Liberty Standard, the first Bitcoin exchange ($1.00 buys 1309.03 BTC.) The exchange rate history is available at two archived pages: first, second. Their last known exchange rate is $0.005472/BTC on 2010-03-02.

The Very Early Bitcoin Exchanges of 2009 to 2011.

[uchegod-21]

I’d like to know, do you still think Bitcoin is too expensive right now considering that many people were willing to bid lower in that old thread? And don't you believe Bitcoin will exceed $1 million? Share your thoughts as well.

Obviously, comparing the current price of Bitcoin to what it was then, one would see that the price of Bitcoin is quite expensive now. However, I think that focusing only on how expensive Bitcoin is right now can mislead some potential investors into thinking that they are already too late and may not be able to afford Bitcoin or derive value from it. The focus should be shifted from how expensive Bitcoin is to seeing the potential future value it has, even when bought at a higher price.

I don't blame people who refused to buy Bitcoin when it was auctioned at such a low price; they didn't understand Bitcoin and weren't even convinced it was going to survive until this time. Now the evidence and records are right there in our faces. Those who still doubt Bitcoin up to this time have themselves to blame in case of any future regrets.

Bitcoin's growth has been massive over the years. Bitcoin exceeding $1 million in the future is very possible.

[Hewlet]

I’d like to know, do you still think Bitcoin is too expensive right now considering that many people were willing to bid lower in that old thread? And don't you believe Bitcoin will exceed $1 million? Share your thoughts as well.

If You were not available at the time bitcoin price was almost close to being valueless, your present imagination won't suddenly take you back to those moments. It's long gone and long gone for good.

If we're going back in time, there's a lot possibility we can look at ranging from the fact that if we knew about bitcoin earlier enough, it's possible we will buy it and sell it too early or will be skeptical about buying it  just like a lot of investors are skeptical about it at present.

Bitcoin was once $30 not so long. It was once $50k and a lot of people didn't still buy. It rose to $100k and still soke doubted it and now that it has come down, investors are still unsure of what to do with the current price. Fact remains that action is what really matters and not just knowledge. If you have the opportunity to buy now and never did, there's no certainty that if you knew about bitcoin at  the time it was valued at $0.0065 that you would have made a better decision.

[ColdLava40]

Perhaps some of you don’t know that Bitcoin was once that cheap per coin.
[/center]

I’d like to know, do you still think Bitcoin is too expensive right now considering that many people were willing to bid lower in that old thread? And don't you believe Bitcoin will exceed $1 million? Share your thoughts as well.

I'm sure I won't even be interested in Bitcoin then if I was aware.

Many might denial this fact, but Bitcoin was then a new technology with very low volume, understanding and thus the reason for low investors.

It would be difficult that at the beginning a technology that had no government control, people would simply trust it with their money. Only those who were in favor of decentralization believed in Bitcoin and got to invested in it earlier.

I doubt we have people who still don't believe in BTC. If there are, I'm not sure there's any thing that can be done to change their stance.

[Eternad]

I’d like to know, do you still think Bitcoin is too expensive right now considering that many people were willing to bid lower in that old thread? And don't you believe Bitcoin will exceed $1 million? Share your thoughts as well.

The current value reflects how the majority value it on today’s market. Back then, there’s no institutional investors, billion dollar backed exchange and other whale player that invest on Bitcoin so the price is bargain.

Right now, the trust on Bitcoin value is already on the highest level since even huge companies already investing huge amount of money on Bitcoin. It’s not expensive rather unaffordable for those people that don’t believe on Bitcoin value. Anyone can invest any amount on Bitcoin because we don’t need to own a whole Bitcoin to become an investor.

[Charles-Tim]

The lowest price of bitcoin that I had seen before online when I was researching about it was $0.003. I was a newbie at the time and I wanted to create a thread about it at the time.

Bitcoin is not expensive because anyone can buy just $50 worth of bitcoin and hold it. But the higher the amount bought, the higher the possibility of making more money from it.

[Myleschetty]

Perhaps some of you don’t know that Bitcoin was once that cheap per coin. And if you look up Bitcoin’s all-time low on Coinmarketcap you’ll see it was around $0.04 (Source). But Bitcoin’s price has actually been lower than that. In an old thread you can see that an early user once auctioned off 10k Bitcoin with an opening bid of $50. And if at that time someone had bid around $51 or even $60 then they would have gotten Bitcoin at a much lower price. But the auction ended without anyone placing a bid. I think that at the time many people still didn’t believe Bitcoin would become so valuable. And perhaps that’s how people feel who think Bitcoin is already too expensive. But I personally would never consider Bitcoin too expensive given that its performance so far has far exceeded the predictions of early adopters.

I’d like to know, do you still think Bitcoin is too expensive right now considering that many people were willing to bid lower in that old thread? And don't you believe Bitcoin will exceed $1 million? Share your thoughts as well.

Surprisingly, the price of one Bitcoin today is exactly the same as it was in the beginning, when it was still in the $0.04 range. Similar to how 10,000 Bitcoin, which was bid at $50, was viewed by some as an expensive offer, 1 BTC at the current market price range of $78283 was also viewed as a high price by some. Based on the data you provide and the fluctuations in Bitcoin's price, I think we should learn that holding for the long term is always the best course of action.

[HONDACD125]

I wouldn't say that Bitcoin is not expensive anymore, because it is quite expensive now, but we could say that investing in Bitcoin right now will still make people some profit. However, we shouldn't forget to mention or think that we won't be able to get the same kind of profits that people could get if they had bought Bitcoin back then and kept it for a few years, because back then, if you were to buy Bitcoin for $0.005 per piece, and then sell it for $1 per coin after some time, you would still make great money, but we can't have the same results anymore, because even if Bitcoin crosses $1m in the future, those who buying Bitcoin right now will only get between 15x to 20x profits on their investments, which is good, but it can't match the initial profit margins, obviously.

So, I personally believe that we should stop using these early-day references because those who are new in this space take these things seriously, and since they know they can't have the same results with Bitcoin anymore, they start looking for other cryptocurrencies that have very low value, and they invest in them with the hope that they might have the same level of growth and they will make a lot of money from them, and we know most of such investments end up making the investors lose money.

[tbct_mt2]

So, I personally believe that we should stop using these early-day references because those who are new in this space take these things seriously, and since they know they can't have the same results with Bitcoin anymore, they start looking for other cryptocurrencies that have very low value, and they invest in them with the hope that they might have the same level of growth and they will make a lot of money from them, and we know most of such investments end up making the investors lose money.

In early days, years, people who accepted Bitcoin like Miners, investors, and business actually took more risk than now. In 2026 and previous years, Bitcoin has already been a successful project so that any individual person or company that use, accept Bitcoin nowadays actually take less risks than earliest Bitcoin adopters.

The earliest adopters are legends and crucial parts with considerable historic contributions for Bitcoin survival and growth during its earliest, youngest and most vulnerable time.

[The Sceptical Chymist]

Bitcoin's growth has been massive over the years. Bitcoin exceeding $1 million in the future is very possible.

Even I wouldn't be skeptical of that anymore, like I was when BTC was below $1k, $5k, 10k, etc.  I thought the world would have to be in some kind of major economic crisis in order for bitcoin to hit any of those milestones--and yet it did, and the world hasn't exactly ended.

But thinking back on prices that I could have bought and held at....oh man, that would give me a neverending headache were I to engage in such flagellation.  Sometimes the little part of me that likes mental torture starts to go there, and I have to reel it back; I don't remember when it was below one cent, but I do remember when it was below $200, and in a relative sense that's just about the same thing for me.

So thanks OP for ripping open some old scabs.  (lol)

[Shadiq]

Bitcoin has taught us that no innovation should be ignored or neglected. Bitcoin was the first coin of the crypto journey, which was the beginning of the innovative journey of crypto, no one may have been interested in being a part of that journey at that time. But their reluctance has proven how wrong they were just a few years later. As time goes by, the mistake will continue to be proven to be a deeper mistake. So the beginning of any innovation journey should never be neglected.

Bitcoin is not very expensive yet, its demand is increasing day by day, so $ 1 million may be seen in the next few years. We still have the opportunity to correct that old mistake, although that mistake is not possible to correct completely

[UchihaSarada]

Even I wouldn't be skeptical of that anymore, like I was when BTC was below $1k, $5k, 10k, etc.  I thought the world would have to be in some kind of major economic crisis in order for bitcoin to hit any of those milestones--and yet it did, and the world hasn't exactly ended.

But thinking back on prices that I could have bought and held at....oh man, that would give me a neverending headache were I to engage in such flagellation.  Sometimes the little part of me that likes mental torture starts to go there, and I have to reel it back; I don't remember when it was below one cent, but I do remember when it was below $200, and in a relative sense that's just about the same thing for me.

It comes and grows very naturally with time so with Bitcoin strong growths in adoption and price, Bitcoin price chart has many bands for "Never Look Back" Prices.

With time in years, Bitcoin price grows in lowest prices year by year and more noticeably, with Bitcoin market cycles, there are clearer "Never Look Back" price bands over cycles.

Two "Never Look Back Price" charts with different visuals but show a same information on Bitcoin price growth with years. People who could not hold bitcoins strongly over years, sold their coins will feel a lot of regret when looking at these charts.
https://charts.bitbo.io/never-look-back-price/
https://newhedge.io/bitcoin/never-look-back-price

[rdbase]

Anybody who was not on the forum back then can not fathom paying this amount for a whole bitcoin being not even worth a penny.
Last month I remember seeing post on X which attached a post made here on the forum somebody selling 100,000 bitcoin for $100.

The hardest thing to have done was to keep this amount in storage and remember the keys to the wallet which holds this amount of bitcoin.
Due to our nature, many would be enticed to sell it because nobody could of imagined it would have reached it's ATH of over $100k and held it for that long. Unless they lost the passphase/private keys to their wallet and then had no choice in the matter.

[noorman0]

What about 10k bitcoins for two pizzas, which was worth $41 at the time? That means 1BTC = $0.0041. And that was a time when Bitcoin had never been listed on any exchange, and there was no global benchmark price, allowing owners to offer it at any price.  I believe there were even transactions never publicly documented that were cheaper than @$0.0041.

[dzungmobile]

The lowest price of bitcoin that I had seen before online when I was researching about it was $0.003. I was a newbie at the time and I wanted to create a thread about it at the time.

Bitcoin is not expensive because anyone can buy just $50 worth of bitcoin and hold it. But the higher the amount bought, the higher the possibility of making more money from it.

You meant this price and post from theymos.

selling BTC at the lowest price ever recorded, $0.003/BTC. 🎉

Around that time I measured with a Kill-A-Watt that 1 kWh could get me 160 BTC, and based on that I thought that BTC was substantially overpriced at the 5 cents or so it was trading at. As a result, I also have the honor of selling BTC at the lowest price ever recorded, $0.003/BTC. 🎉

(That "BitCoin" capitalization... such cringe...)

[bitterguy28]

I’d like to know, do you still think Bitcoin is too expensive right now considering that many people were willing to bid lower in that old thread? And don't you believe Bitcoin will exceed $1 million? Share your thoughts as well.

If You were not available at the time bitcoin price was almost close to being valueless, your present imagination won't suddenly take you back to those moments. It's long gone and long gone for good.

it’s okay to reminisce and look back so we can appreciate how much growth bitcoin has had and appreciate the price it has now even if it is not particularly peaking right now but the nostalgia will not return time

it’s quite a repetitive topic and the answer is still the same: if you regret not buying bitcoin earlier, buy now or else you’ll just regret not buying today

[terrific]

I’d like to know, do you still think Bitcoin is too expensive right now considering that many people were willing to bid lower in that old thread?

Hard to compare from the past prices of it more than a decade ago. People would that even a dollar for Bitcoin is expensive when they don't have confidence in it.
The same goes today after reaching ATH of $126k and when it was down by more than 50% several weeks ago. People would say the same thing that it's still expensive.

And don't you believe Bitcoin will exceed $1 million? Share your thoughts as well.

I believe someday that we'll all celebrate that milestone for Bitcoin when it reaches $1M.
But the problem is that how many holders are going to sell when it's on its way there. Because if it reaches $500k, there will be a lot of sellers probably.

[Fiatless]

I’d like to know, do you still think Bitcoin is too expensive right now considering that many people were willing to bid lower in that old thread? And don't you believe Bitcoin will exceed $1 million? Share your thoughts as well.

I didn't know about Bitcoin until it got to thousands of dollars, so I don't have much regret for not buying earlier. Seeing how low the price was is an indication that the price could get to $1 million, but nobody knows when. This is also a motivation to everyone that we should keep accumulating regardless of the current price, because Bitcoin has the potential to keep appreciating in the future.