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13 years ago the lowest Bitcoin selling price ever was recored at $0.003 cents. 160 BTC were sold for literally 48 cents.

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by COINS NEWS 81 Views

13 years ago the lowest Bitcoin selling price ever was recored at $0.003 cents. 160 BTC were sold for literally 48 cents.

We all know that Bitcoin was not always even nearly as high valued as today o even 5 years ago. There were even times when we had no real Bitcoin price chart and no way to actually now the current value of one Bitcoin, so the price was usually made by sell offers that went up for certain amounts. One of earliest ones happened on February 20th 2010.

On that date someone sold 160 BTC that he/she mined with just the use of 1 kWh energy, for the lowest price ever recorded at $0.003 cents as that person thought Bitcoin to be overvalued at 5 cents during that time. Now those 160 BTC would be worth $4M and at the ATH even $11M.

Here is the official comment from that person on the bitcoin sub:

Post from the Bitcoin sub, will post line in the comments

While many may now call this person a fool, that is absolutely not true. Only a crazy person back then could have thought that Bitcoin will ever be worth even more than $1. And just like the person who bought Pizza with Bitcoin, this one wanted to make some money off it and could not have known better.

submitted by /u/partymsl
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