Post
Topic
Board Bitcoin Discussion
Re: Bitcoin's historical low and the lessons it teaches us
by
oriontab
on 18/08/2018, 23:44:28 UTC
i don't know why coinmarketcap has become popular for people as a go to when they want to check the price! it is the worst place you can check the price from. it gives you the average, the charts aren't accurate,...

but the actual lowest price of bitcoin recoded ~

there you go: https://bitcoincharts.com/charts/mtgoxUSD#czsg2010-06-01zeg2010-08-17ztgSzm1g10zm2g25
$0.05 on July 2010.
since you love (the meaningless) market cap so much by July 2010 supply of bitcoin was
19 months * ~30 days * 144 blocks/day * 50 BTC/block = 4,104,000
market cap of bitcoin = 4,104,000 * 0.05 = ~$205,200

Thank you, i have never really used bitcoincharts.com, it is kind of amazing, the figures are even nicer ,learning each day thanks man.