Is the price of bitcoin predictable?

While the price of BTC can hardly be considered predictable, it’s useful to view the chapters in the Bitcoin price history and what it may mean for investors. On October 31, 2008, the pseudonymous person or group known as Satoshi Nakamoto published the Bitcoin white paper.

What was the first bitcoin exchange price?

The New Liberty Standard Exchange recorded the first exchange of Bitcoin for dollars in late 2009. Users on the BitcoinTalk forum traded 5,050 bitcoins for $5.02 via PayPal, making the first price mediated through an exchange a bargain basement price of $0.00099 per bitcoin. In other words, the price was about one-tenth of one cent.

What was the highest price of bitcoin in 2010?

Its highest price for the year was just $0.39! 2010 is the year in which the famous purchase of two Dominos pizzas for 10,000 BTC took place. BitcoinTalk forum member laszlo offered the following trade: I'll pay 10,000 bitcoins for a couple of pizzas.. like maybe 2 large ones so I have some left over for the next day.

How much are 2009 bitcoin spends worth?

The 250 bitcoin from the latest 2009 spends sat idle for 12.4 years, and the coins were worth $10.8 million at the time of transfer. This week blockchain parsers caught some fascinating bitcoin spends that stemmed from 2009 coinbase subsidy rewards. Once in a while parsers catch 2011 transfers and on rare occasions, 2010 spends happen as well.