What was the original cost of bitcoin when it was first introduced?

3 answers

• Nov 24, 2021 · 3 years ago
  The original cost of bitcoin when it was first introduced in 2009 was essentially zero. At that time, bitcoin had no established value and was not traded on any exchanges. It was mainly used by a small group of enthusiasts and early adopters who believed in its potential. Over time, as more people started to recognize its value and the demand increased, the price of bitcoin began to rise. Today, it is traded at a much higher price compared to its early days.
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• Nov 24, 2021 · 3 years ago
  When bitcoin was first introduced, it had no fixed price. It was initially given away for free or exchanged for very small amounts. It wasn't until 2010 when the first bitcoin exchange, BitcoinMarket.com, was established that bitcoin started to be traded for a specific value. The first recorded price of bitcoin on this exchange was $0.003, which can be considered as the earliest known price of bitcoin.
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• Nov 24, 2021 · 3 years ago
  The original cost of bitcoin when it was first introduced is a topic of debate. Some argue that since bitcoin was initially distributed for free, its original cost was zero. Others believe that the first recorded price of bitcoin on an exchange, which was $0.003, should be considered as its original cost. Regardless of the exact initial price, it is clear that bitcoin has come a long way since its inception and has experienced significant price appreciation over the years.
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