What was the starting price of Bitcoin?

[Roy Badami]

I'm not sure the New Liberty Standard so-called "exchange rate" really counts as it seems that it was really just a mining cost index, and not related to actual trades (if indeed anyone was actually trading BTC back then).

http://newlibertystandard.wikifoundry.com/page/2009+Exchange+Rate

Unless anyone knows different?

Thanks for sharing this website. It actually started in October 2009 with $1.00 USD = 1,309.03 BTC which means 1 BTC was $0.00007 when it started. Not much worth actually but it actually started growing in 2010-11 if I go as per the chart.

Well, it means 1 BTC cost the author of that page $0.0007 to mine.  I'm not sure it says a whole lot more than that.

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[Q7]

I assume it has to start from zero because practically during that initial stage nobody would know what bitcoin is and since there is very little understanding about how it works, I don't think anybody would actually fork out real cash to pay for it. Furthermore at that time, bitcoin can easily be mined means that even the normal cpu computer can churn out bitcoin for such low computing power put in.

[Wandererfromthenorth]

The lowest price a Bitcoin sold for on an exchange might have been lower than one cent. There was an exchange called Bitcoin Market that was trading earlier than Mt Gox, but I can't find any charts showing its prices. Here's the announcement posts for both Bitcoin Market and Mt Gox.

Is there a human volume to your market, do you have population numbers as of right now DW?

There are 9 people signed up but only 3 have made a deposit so far.  Myself makes 4.  Looks like we had our first real trade around noon!

Hi Everyone,
I just put up a new bitcoin exchange.
Please let me know what you think.
https://mtgox.com

Interesting, thanks! I wasn't even aware of that bitcoinmarket site.



"I just put up a new bitcoin exchange.
Please let me know what you think.
https://mtgox.com"
 

[bri912678]

The lowest price a Bitcoin sold for on an exchange might have been lower than one cent. There was an exchange called Bitcoin Market that was trading earlier than Mt Gox, but I can't find any charts showing its prices. Here's the announcement posts for both Bitcoin Market and Mt Gox.

Is there a human volume to your market, do you have population numbers as of right now DW?

There are 9 people signed up but only 3 have made a deposit so far.  Myself makes 4.  Looks like we had our first real trade around noon!

Hi Everyone,
I just put up a new bitcoin exchange.
Please let me know what you think.
https://mtgox.com

Interesting, thanks! I wasn't even aware of that bitcoinmarket site.



"I just put up a new bitcoin exchange.
Please let me know what you think.
https://mtgox.com"
 

I found this post about the guy that swapped 10k Bitcoins for two pizzas. It says at that time you could have sold 10k on Bitcoin Market for $41USD. That works out to $0.0041 per Bitcoin.

10,000... Thats quite a bit.. you could sell those on https://www.bitcoinmarket.com/ for $41USD right now..
good luck on getting your free pizza.

[jaredboice]

The first official (not-test/development) transaction was a couple of large pizzas for like 10,000 BTC.  If we assume it was around $30, then you're looking at $0.003 for its initial market value.  Come to find out it was in my hometown! Jacksonville, FL

https://bitcointalk.org/index.php?topic=137.0

[bri912678]

The first official (not-test/development) transaction was a couple of large pizzas for like 10,000 BTC.  If we assume it was around $30, then you're looking at $0.003 for its initial market value.  Come to find out it was in my hometown! Jacksonville, FL

https://bitcointalk.org/index.php?topic=137.0

No the pizza swap for Bitcoins was on May 22, 2010, but the first trade on the Bitcoin Market exchange was two months earlier than that on March 17, 2010. This is the post announcing the swap of two pizzas for 10,000 BTC on May 22, 2010.

I just want to report that I successfully traded 10,000 bitcoins for pizza.

Pictures: http://heliacal.net/~solar/bitcoin/pizza/

Thanks jercos!

This is the post announcing the first trade on the Bitcoin Market exchange on March 17, 2010.

Is there a human volume to your market, do you have population numbers as of right now DW?

There are 9 people signed up but only 3 have made a deposit so far.  Myself makes 4.  Looks like we had our first real trade around noon!