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How Much Was 1 Bitcoin Worth In 2009

If You Put $1,000 In Bitcoin In 2013, Heres How Much Youd Have Now

If You Put $1,000 In Bitcoin In 2013, Heres How Much Youd Have Now

If you took a chance on bitcoin early on , just a few years ago, your investment could have paid off in a big way. According to digital-currency website CoinDesk whose Bitcoin Price Index tracks prices from digital currency exchanges Bitfinex, Bitstamp, Coinbase and itBit the value of bitcoins was volatile in 2013, particularly toward the end of the year: In December alone, the price per bitcoin hit highs of around $1,000 and lows below $600. If you purchased $1,000 worth of bitcoin back then at a price of $600 per, you'd have a little over 1.6 bitcoins. If you purchased $1,000 worth of bitcoin at a price of $1,000 per, you'd have one bitcoin. The above chart shows CoinDesk's Bitcoin Price Index for Dec. 1, 2013 to Dec. 31, 2013 As of Thursday, bitcoin's value was just above $16,500, according to CoinDesk . Based on that value, one bitcoin would be worth a little over $16,500 and 1.6 bitcoins would be worth more than $26,400 today. This estimate does not include any additional fees or transactional costs. That's a tremendous profit in just a few years. If you were smart, or lucky, enough to invest even earlier, in 2010, you could be in the company of the Winklevoss twins, who are reported to be the first bitcoin billionaires . As bitcoin has gone more mainstream, some of the biggest names in finance are weighing in. Fundstrat's Tom Lee and value investor Bill Miller have embraced the trend. But even with many success stories surrounding bitcoin investments, seasoned investors are voicing caution. Billionaire entrepreneur Mark Cuban and "Oracle of Omaha" Warren Buffett warn of bitcoin's volatility. Legendary investor and index fund mogul Jack Bogle, at a recent Council on Foreign Relations event, told the audience, " Avoid bitcoin like the plague ." "Bitcoin has no unde Continue reading >>

This Man Bought $27 Of Bitcoins In 2009 And Theyre Now Worth $980,000

This Man Bought $27 Of Bitcoins In 2009 And Theyre Now Worth $980,000

The one-year rise of bitcoin's price. Source: CoinDesk Bitcoin Price Index It turns out that Koch's frivolous technology spending, against his girlfriend's wishes, actually turned out to be a great investment. I buy a lot of technical little things that I never have time to use, and this was the worst of all, the fact that I was buying fake money ," Koch told NRK. Its not fake anymore, at least not to Kristoffer Koch. Many people have become wealthy as a result of bitcoin's rise, although stories like this are rarely in the public eye. There's the story on the Bitcointalk forums about Kevin, who purchased259,684 BTC for under $3,000 in 2011 . Then there isErik Voorhees, who founded the bitcoin gambling site Satoshi Dice and sold it for 126,315 BTC , worth about $24.7 million at the current bitcoin price. And The Verge reported earlier this year that Satoshi Nakamoto , the Bitcoin networks mysterious founder, has an address with over one million bitcoins . Of course, we shouldn't forget about the person who bought two pizzas for 10,000 bitcoins back in 2009 . Now, if only that person had kept them, or perhaps forgot about them and rediscovered them years later like Kristoffer Koch did. The leader in blockchain news, CoinDesk is an independent media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies . Have breaking news or a story tip to send to our journalists? Contact us at [email protected] . Continue reading >>

If You Had Purchased $100 Of Bitcoin In 2011

If You Had Purchased $100 Of Bitcoin In 2011

If You Had Purchased $100 of Bitcoin in 2011 By Damian Davila | Updated November 29, 2017 10:31 AM EST Robert Arnott said it best, "In investing, what is comfortable is rarely profitable." The decentralized, peer-to-peer cryptocurrency system called bitcoin puts this claim to the test. The following is how you would have fared throughout the years if you had bought $100 worth of bitcoinback in 2011. For purposes of this comparison over time, the bitcoin market value prices from the CoinDesk Bitcoin Price Index are used, and no fees or additional transactions are assumed, for the sake of simplicity. By buying $100 in bitcoins on Jan. 1, 2011, you would have benefited from a low market value of 30 cents per bitcoin and received a total of 333.33 bitcoins for your initial purchase. Since bitcoin traded at 6 cents for most of 2010, you would have timed your initial purchase right. In this first year, you would have had your first taste of the cryptocurrency's high volatility. For a brief moment on June 8, 2011, bitcoin hit a high of $31.91, making the paper value of your investment a cool $10,636.56. By December 31, 2011, bitcoin was trading at $4.72, so you would have turned your $100 into $1,573.32. The first day of 2012 would have welcomed you with a closing price of $5.27, bumping up your investment to $1,756.65. Throughout the first quarter of 2012, the price of bitcoin dipped below the $5 mark. It started appreciating again in May 2012, and closed at $13.51 on December 31, 2012. Your current investment would have stood at $4,503.29. In 2012, few businesses accepted bitcoin as a form of payment. For example, bitcoin payment processor BitPay only had 1,000 businesses using its platform. One of those businesses was Utah-based Bees Brothers, so you could have purchased 4 Continue reading >>

Bitcoin Price June 2009-2015 : Bitcoin

Bitcoin Price June 2009-2015 : Bitcoin

Do not use URL shortening services: always submit the real link. Begging/asking for bitcoins is absolutely not allowed, no matter how badly you need the bitcoins. Only requests for donations to large, recognized charities are allowed, and only if there is good reason to believe that the person accepting bitcoins on behalf of the charity is trustworthy. News articles that do not contain the word "Bitcoin" are usually off-topic. This subreddit is not about general financial news. Submissions that are mostly about some other cryptocurrency belong elsewhere. For example, /r/CryptoCurrency is a good place to discuss all cryptocurrencies. Promotion of client software which attempts to alter the Bitcoin protocol without overwhelming consensus is not permitted. Trades should usually not be advertised here. For example, submissions like "Buying 100 BTC" or "Selling my computer for bitcoins" do not belong here. /r/Bitcoin is primarily for news and discussion. Please avoid repetition /r/bitcoin is a subreddit devoted to new information and discussion about Bitcoin and its ecosystem. New merchants are welcome to announce their services for Bitcoin, but after those have been announced they are no longer news and should not be re-posted. Aside from new merchant announcements, those interested in advertising to our audience should consider Reddit's self-serve advertising system . Do not post your Bitcoin address unless someone explicitly asks you to. Be aware that Twitter, etc. is full of impersonation. Continue reading >>

Five Years Of Bitcoin In One Post

Five Years Of Bitcoin In One Post

By Timothy B. Lee By Timothy B. Lee January 3, 2014 Follow @binarybits The world's first fully decentralized cryptographic financial network, Bitcoin, launched five years ago today. The years since then have been a wild ride. The currency's value has risen from nothing to billions of dollars, and millions have been invested in Bitcoin-related startups. Here's a brief synopsis of Bitcoin's most important milestones. Jan. 3, 2009: Satoshi Nakamoto launches the Bitcoin network by creating the "genesis block," the first entry in Bitcoin's global transaction register. It includes the following text: "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks." Jan. 9: Nakamoto announces Bitcoin version 0.1, on the Cypherpunks mailing list. Previously, in November 2008, he posted a paper to the list that explained the design of the Bitcoin network. Jan. 11: Some people immediately recognize that if Bitcoin catches on, its early users will get rich. Hal Finney estimates that if Bitcoin became the world's reserve currency, each Bitcoin could be worth as much as $10 million. "The possibility of generating coins today with a few cents of compute time may be quite a good bet," he says. Nakamoto agrees: "It might make sense just to get some in case it catches on." Finney mines bitcoins for a few days, but then he turns the program off because it makes his computer run too hot. Jan. 12: The first Bitcoin transaction occurs, as Nakamoto sends some Bitcoins to Finney. Aug. 15: Bitcoin is slowly attracting users. Tyler Gillies sends a note to the bitcoin-list e-mail list. "i just downloaded bitcoin, epic piece of software. the digital cash age has arrived." It was the only post to the mailing list that month. Dec. 30: Growing interest in Bitcoin leads to the first increase Continue reading >>

History Of Bitcoin - Wikipedia

History Of Bitcoin - Wikipedia

Number of bitcoin transactions per month (logarithmic scale) Bitcoin is a cryptocurrency , a digital asset designed to work as a medium of exchange that uses cryptography to control its creation and management, rather than relying on central authorities . [1] The presumed pseudonymous Satoshi Nakamoto integrated many existing ideas from the cypherpunk community when creating bitcoin. Prior to the release of bitcoin there were a number of digital cash technologies starting with the issuer based ecash protocols of David Chaum [2] and Stefan Brands . Adam Back developed hashcash , a proof-of-work scheme for spam control. The first proposals for distributed digital scarcity based cryptocurrencies were Wei Dai 's b-money [3] and Nick Szabo 's bit gold . [4] [5] Hal Finney developed reusable proof of work (RPOW) using hashcash as its proof of work algorithm. [6] In the bit gold proposal which proposed a collectible market based mechanism for inflation control, Nick Szabo also investigated some additional enabling aspects including a Byzantine fault-tolerant asset registry to store and transfer the chained proof-of-work solutions. [5] There has been much speculation as to the identity of Satoshi Nakamoto with suspects including Wei Dai , Hal Finney and accompanying denials. [7] [8] The possibility that Satoshi Nakamoto was a computer collective in the European financial sector has also been discussed. [9] On 18 August 2008, the domain name bitcoin.org was registered. [10] Later that year on October 31st, a link to a paper authored by Satoshi Nakamoto titled Bitcoin: A Peer-to-Peer Electronic Cash System [11] was posted to a cryptography mailing list. [10] This paper detailed methods of using a peer-to-peer network to generate what was described as "a system for electronic tra Continue reading >>

Guy Bought 5,000 Bitcoins In 2009 For $27, Now Worth $886,000 - The Tell - Marketwatch

Guy Bought 5,000 Bitcoins In 2009 For $27, Now Worth $886,000 - The Tell - Marketwatch

Talk about a degree that gives you bang for your buck. Kristoffer Kochwas writing a thesis on encryption in 2009 when he spent about$27 to buy 5,000 bitcoins. Life went on, and he forgot about his investment until bitcoins wild price swings earlier this year resulted in a slew of articles about bitcoin. Bitcoin is a virtual currency that isn\t controlled by a central bank. Instead, bitcoins are created through a process called mining, in which a computer tries to solve a cryptographic problem. The total supply of bitcoins is capped, which has led to comparisons with assets like gold. Koch\s original $27 investment is now worth about $886,000, Koch told the Norwegian broadcaster NRK. Thats a return of 3,281,500% in four years. Koch has used one-fifth of his bitcoin stash to buy an apartment in Oslo, Norway, the Guardian reports. Continue reading >>

How Much Was 1 Bitcoin Worth In 2009

How Much Was 1 Bitcoin Worth In 2009

Home Guide How much was 1 bitcoin worth in 2009 Koch bought 5,000 bitcoin s in 2009 for $27, now worth $21533050 Kristoffer Koch was composing a proposition on encryption in 2009 when he spent about $27 to purchase 5,000 bitcoin s. Life went on, and he disregarded his investment until the point that bitcoin s wild value swings not long ago brought about a huge number of articles about bitcoin . Bitcoin is a virtual money that isn\t controlled by a national bank. Rather, bitcoins are made through a procedure called mining , in which a PC tries to take care of a crypto graphic issue. The aggregate supply of bitcoins is topped, which has prompted examinations with resources like gold. Koch\s unique $27 investment is currently worth about $21533050, Koch told the Norwegian supporter NRK. That is an arrival of 3,281,500% out of four years. Koch has utilized one-fifth of his bitcoin reserve to purchase a flat in Oslo, Norway, the Watchman reports. Many people have become wealthy as a result of bitcoins rise, although stories like this are rarely in the public eye. Theres the story on the Bitcointalk forums about Kevin, who purchased 259,684 BTC for under $3,000 in 2011. Then there is Erik Voorhees, who founded the bitcoin gambling site Satoshi Dice and sold it for 126,315 BTC, worth about $24.7 million at the current bitcoin price . And The Verge reported earlier this year that Satoshi Nakamoto , the Bitcoin networks mysterious founder, has an address with over one million bitcoins. Of course, we shouldnt forget about the person who bought two pizzas for 10,000 bitcoins back in 2009. Now, if only that person had kept them, or perhaps forgot about them and rediscovered them years later like Kristoffer Koch did. Continue reading >>

$100 Of Bitcoin In 2010 Is Worth $75 Million Today

$100 Of Bitcoin In 2010 Is Worth $75 Million Today

$100 of bitcoin in 2010 is worth $75 million today In this April 7, 2014 file photo, Bitcoin logos are displayed at the Inside Bitcoins conference and trade show in New York. In this April 7, 2014 file photo, Bitcoin logos are displayed at the Inside Bitcoins conference and trade show in New York. Bitcoin has received a lot of attention over the past few weeks in the wake of the recent malware attacks that impacted dozens of countries and thousands of businesses. Victims were required to pay a "ransom" in the digital currency to unlock files that were encrypted by the virus. The question for many business owners is that, given its growing acceptance, is it ready for prime time? Should we accept bitcoin? There's no question that it's been a good investment, particularly if you bought at the right time. According to a report from CNBC, the price of a single bitcoin has recently soared to $2,200 from just $0.003 seven years ago. We know this because on Monday its fans celebrated the anniversary of Bitcoin Pizza Day, when Laszlo Hanyecz, a programmer, spent 10,000 bitcoin for two Papa John's pizzas. Times have definitely changed. So what's driving the run up in price? CNBC's tech correspondent Arjun Kharpal cites factors such as new legislation in Japan that allows retailers to accept the cryptocurrency (40 percent of all bitcoin trade is in Japan), the resolution of a dispute in the digital community that could've created competing currencies and the general market turmoil brought on by global economic uncertainty. President Donald Trump's stated desire to weaken the dollar and make American goods more attractive overseas may also be contributing. Not only that, but according to a report on CNN.com, a few high ranking members of his administration, like budget director Mi Continue reading >>

#1 Simple Bitcoin Price History Chart (since 2009)

#1 Simple Bitcoin Price History Chart (since 2009)

Bitcoin was not traded on any exchanges in 2009. Its first recorded price was in 2010. Technically, Bitcoin was worth $0 in 2009 during its very first year of existence! Bitcoin's price never topped $1 in 2010! Its highest price for the year was just $0.39! Bitcoins price is measured against fiat currency, such as American Dollars (BTCUSD), Chinese Yuan (BTCCNY) or Euro (BTCEUR). Bitcoin therefore appears superficially similar to any symbol traded on foreign exchange markets. Unlike fiat currencies however, there is no official Bitcoin price; only various averages based on price feeds from global exchanges . Bitcoin Average and CoinDesk are two such indices reporting the average price. Its normal for Bitcoin to trade on any single exchange at a price slightly different to the average. But discrepancies aside, what factors determine Bitcoins price? The general answer to why this price? is supply and demand. Price discovery occurs at the meeting point between demand from buyers and supply of sellers. Adapting this model to Bitcoin, its clear that the majority of supply is controlled by early adopters and miners. Inspired by the rarity of gold, Bitcoin was designed to have a fixed supply of 21 million coins, over half of which have already been produced. Several early adopters were wise or fortunate enough to earn, buy or mine vast quantities of Bitcoin before it held significant value. The most famous of these is Bitcoins creator, Satoshi Nakomoto. Satoshi is thought to hold one million bitcoins or roughly 4.75% of the total supply (of 21 million). If Satoshi were to dump these coins on the market, the ensuing supply glut would collapse the price. The same holds true for any major holder. However, any rational individual seeking to maximise their returns would distribute Continue reading >>

How Much Was 1 Bitcoin Worth In 2009 | | Onex Btc

How Much Was 1 Bitcoin Worth In 2009 | | Onex Btc

000 in 10 years , 2018 , 2018 Bitcoin Price Prediction , 2019 , bitcoin 1 million dollars , bitcoin future value predictions , bitcoin market cap chart , bitcoin price chart since 2009 , Bitcoin price could be , Bitcoin price could hit $100 , Bitcoin price hits record , bitcoin price prediction 2018 , bitcoin price prediction 2020 , bitcoin price prediction 2025 , bitcoin price prediction 2030 , bitcoin price prediction 2050 , Bitcoin Price Predictions 2017 , Bitcoin Price Will Be , Bitcoin value history , BTCC CEO Lee Pegs , how long to mine 1 bitcoin calculator , how many bitcoins are mined per day , how many bitcoins have been mined 2017 , How many is going to value a bitcoin in 2020 , how much was 1 bitcoin worth in 2009 , How much will 1 bitcoin wort , how much will bitcoin be worth in 10 years , how much will bitcoin be worth in 2020 , One computer gamer , says analyst , Should You Invest in Bitcoin , This man bought $105 , total value of bitcoin in circulation , What could be the value of Bitcoin , what happens after all bitcoins are mined , what happens when bitcoin reaches 21 million , What Will Bitcoin Be Worth In 5 year , when will all bitcoins be mined One computer gamer who is lives in Londonbought bitcoins in 2010 he sent totally 105 USD for bitcoin, Now his bitcoin market value is 87.500.000 USD. He says not will exchange bitcoins now, its will be more valuable next year because i dont have plan for it young computer gamers says. Bitcoin is a virtual currency that isn\t controlled by a central bank. Instead, bitcoins are created through a process called mining, in which a computer tries to solve a cryptographic problem. The total supply of bitcoins is capped, which has led to comparisons with assets like gold. Continue reading >>

If You Bought $5 In Bitcoin 7 Years Ago, You'd Be $4.4 Million Richer | Fortune

If You Bought $5 In Bitcoin 7 Years Ago, You'd Be $4.4 Million Richer | Fortune

Seven years ago, the value of a single bitcoin was worth a quarter-of-a-cent. Today, that single bitcoin is worth upwards of $2,200 . Monday marked the seventh anniversary of what is said to be the first recorded instance of bitcoin used in a real world transaction. Over the course of seven years, bitcoins value has multiplied 879,999 times over since 2010. If an investor had decided to spend five dollars back then on about 2,000 bitcoins, that stake would be worth $4.4 million today. With $1,200 spent on some 480,000 bitcoins, the investor would be worth at least $1.1 billion today. The early months of 2017 have been particularly heady days for bitcoin. Since the beginning of the year, the value of the cryptocurrency has surged as it gains legitimacy in countries like Japan . Investors have also come to see the currency as something of a safe haven asset amid geopolitical turmoil and theres been plenty of that in recent months, in both Europe and the United States. And that first transaction? A software programmer on Bitcoin Talk known as Lazlo Hanyecz offered to 10,000 bitcoins for a couple of pizzas. For a least three days, no one took bite of the offer, with Hanyecz writing: So nobody wants to buy me pizza? Is the bitcoin amount Im offering too low? A user eventually paid about $25 for two pizzas . In todays bitcoins, those pizzas cost Hanyecz $22 million. Continue reading >>

Bitcoin Regrets: How Much $100 Would Be Worth Today If You Invested Earlier

Bitcoin Regrets: How Much $100 Would Be Worth Today If You Invested Earlier

Bitcoin seems to be the hottest investment trend these days. So hot, in fact, that some are mortgaging their homes to buy the cryptocurrency. Would-be investors are kicking themselves as they watch the price of Bitcoin continue to soar. But theres a lot of conflicting information out there to digest. Market analysts say Bitcoin is a scary bubble thats certain to burst. However, evangelists of the digital currency, like the Winklevoss twins (who have made over $1 billion on Bitcoin), say it will become a multitrillion-dollar asset . Youll have to make up your own mind on who to believe, but one things for sure. If youd put money into Bitcoin in the past (and held onto it), youd probably have a good chunk of money today. Heres a look at what a $100 investment in Bitcoin would be worth as of mid-morning Tuesday, when the value of a Bitcoin, per Coindesk, is $17,004.76. July 28, 2010 Early investors paid just six cents for a Bitcoin. A $100 investment seven years ago would be worth (you might want to sit down for this) $28,341,266 today. Dec.12, 2011 At $3.19, Bitcoin had already escalated a good-bit percentage wise. $100 would buy you a little more than 31 Bitcoin then, which would be worth $533,065 now. Dec. 10, 2012 One year later, the cryptocurrency was still going strong, with a rate of $13.54. Buying $100-worth then would have a current value of $125,589. Dec. 16, 2013 Things were off to the races by this point, or so we thought at the time. Bitcoin was worth $638, so a $100 investment might have seemed trivial. Nope. It would be worth $2,665 right now. Dec. 8, 2014 Well, it was a good run, right? Bitcoin had slumped to $350 in late 2014. A $100 investment would have a value of $4,859 today. Dec. 7, 2015 At $424, things were looking up a bit, though most of the world Continue reading >>

Complete Bitcoin Price History Chart + Related Events (2009 - 2018)

Complete Bitcoin Price History Chart + Related Events (2009 - 2018)

Bitcoin value: $2787.85Bitcoin value 10 days later: $3383.79 View Event #66 on Chart After years of debating about how Bitcoin should scale the controversy turned into action. The Bitcoin code split in two different directions. One direction supporting the optimization of Bitcoin blocks through Segwit , while the other direction supports bigger blocks of up to 8mb. The bigger block group called their currency Bitcoin Cash and effectively doubled the holdings of anyone who owned Bitcoin before August 1st. For example, if you have 10 Bitcoins before August 1st, you would now have 10 Bitcoins and 10 Bitcoin Cash. Bitcoin value: $726.36Bitcoin value 10 days later: $749.1 View Event #61 on Chart In a shocking turn of events Donald Trump defeats Hillary Clinton and become the 45th president of the United States. The US market drops by over 1% and the Mexican Pesohas plumbed record lows, and is now down 10% today at 20.22 peso to the dollar. Japan'sNikkei 225 plunged 5.4% while Hong Kong's Hang Seng index lost 2.2%. The Shanghai Composite index lost 0.6%.. Dow futures were down 2.1%, S&P 500 futures were 2.3% lower and Nasdaq futures lost 2.7% at around 6.30a.m. ET. European markets opened sharply lower before paring its losses.GermanysDAX index was off around 1% after opening down nearly 3%. France's CAC 40 was in positive territory by 0.4% after an earlier decline of 1.5% and Britain's FTSE 100 dropped 0.3%. Investors rushed into perceived havens, such as gold, which is up$26.90 an ounce, or 2.1%, to $1,301.40. Bitcoin has seen a sharp increase in value during this night going up 5% in just 24 hours, however later throughout the day the price stabilized on a total increase of 2.5%. Bitcoin value: $594.86Bitcoin value 10 days later: $591.36 View Event #60 on Chart Bitfinex, Continue reading >>

If Youd Invested 4500 In Bitcoin In 2010, Heres How Rich Youd Be Today

If Youd Invested 4500 In Bitcoin In 2010, Heres How Rich Youd Be Today

If youd invested 4500 in Bitcoin in 2010, heres how rich youd be today In its brief existence, Bitcoin has been hailed by some as the currency of the future and denounced by many as a fad that never took off. But let the numbers talk for now if you had had the intuition to invest, say $100 dollars, in Bitcoin back in 2010 (4500 approx by the exchange rate back then), today you would be worth a whopping $72 million (Rs 459 crore). Thats the kind of returns you could expect if Mark Zuckerberg had been your schoolmate and you had invested in Facebook when it was still a dorm room project.To emphasize how ridiculous that figure is, thats a nearly 70,000 per cent return on investment. CNBCs Arjun Kharpal had reported this week that Bitcoin had touched $2100, a new high for the 2009 invention: If you bought $100 of #bitcoin 7 years ago, youd be sitting on $72.9 million now $BTC pic.twitter.com/UiBK99ccnS Arjun Kharpal (@ArjunKharpal) May 22, 2017 For the uninitiated, Bitcoin was founded as an alternative to regulated currency for the Internet marketplace that is not controlled by any governmental or private regulatory body. So yes, the Bitcoin does come with its risks for example, say you were one of those lucky folks to have invested $100 in it seven years ago (in which case, youre probably off on some exotic holiday enjoying your newly made millions), there is no one stopping this commodity from dropping to a ridiculous low tomorrow and burning all your millions. But then again, its all about calculated risk and betting on the winning horse. And lets not forget, other than millions, your bitcoin might just come in handy in case youre considering spending some dough on risque transactions on the Internet . However,from being the Internets dark currency of choice, Bitcoin ha Continue reading >>

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