How much was 1 Bitcoin Worth in 2009?
Bitcoin does not change in any exchanger in 2009. Its first registered price was in 2010. Technically, Bitcoin was worth $ 0 in 2009 during its first year of existence!
How much was 1 Bitcoin Worth in 2010?
The price of Bitcoin never lost $ 1 in 2010! The highest price in that year was only $ 0.39!
What determines the price of Bitcoin?
The price of the Bitcoin price is measured against fiat currencies, stories such as US dollars (BTCUSD), Chinese yuan (BTCCNY) or euro (BTCEUR). Bitcoin is therefore superficially similar to any symbol exchanged in foreign trade markets.
However, unlike fiat currencies, there is no official price for Bitcoin; only several specific averages in price data of global exchangers. Bitcoin Average and CoinDesk are two index stories that inform the average price. It is normal for Bitcoin to be exchanged in an exchanger at a price slightly different from the average.
But taking the discrepancies, what factors determine the price of Bitcoin?