A Bitcoin exchange rate of 0.05 dollars sounds from today’s perspective incredibly. But almost exactly 10 years ago, on 17.07.2010, were such prices of BTC are the norm. In this article, we are a bit nostalgic and look back to Mt on the first Trade on the Bitcoin exchange. Gox. This was held on the above date and transferred 20 BTC to a Bitcoin price of 0.04951 US Dollar.
Bitcoin exchange rate: From a few cents up to ten thousand
Our article is based on the recent Blog Post by Clark Moody with the title “Ten Years of Bitcoin Market Data”. Clark Moody is the Person who is the first Person a website with real-time data for the BTC market is programmed.
In the recent Blog Post Moody now writes about the history of the Bitcoin exchange rate and its development. He also refers to the first official Bitcoin transaction on the well-known exchange, Mt. Gox.
Moody stresses that this buyer up to the present day, a Return on Investment of 18.4 million percent (!) achieved, would have. The first transaction on the Bitcoin Exchange took place almost exactly 10 years. 17. July 2020 bought an unknown Person 20 BTC for a total price of 0.99$.
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20 Bitcoin for a price of under US $ 1
Thus, the buyer was able to strike at a Bitcoin price of 0.04951$. The exact dates for the first Trade on Mt. Gox are as follows:
Time: 2010-07-17 23:09:17 UTCMenge: 20.00000000 BTCPreis: $0.04951 Total Value: $0.9902
It is already clear, as unknown and small Bitcoin was at this time. In July 2017, there were just 3.4 million BTC that were in circulation. Also, the market capitalisation was just $ 170,000.
The fascination with such a history is the development in the last 10 years. Because if we, the present-day dimensions with the original to compare, it is not clear how relevant BTC is at this time become: So only the today’s Bitcoin rate of 9,100$, but also, the market capitalisation increased from formerly 170.000$ to around $ 170 billion.
Bitcoin exchange rate and 10 years of growth
17. July 2030 will be celebrated the 20 year anniversary of this transaction. From today’s perspective there are a number of scenarios and parameters that influence the Bitcoin rate. It is absolutely unpredictable as we are looking back to judge today’s rates. In view of the development in the past, however, we are bullish that the year 2020 will have been in 10 years, a year by the prices in comparison to the year 2030 downright cheap.
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The comments in this article do not represent any trading recommendations or investment advice.