Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
rpietila
on 24/04/2014, 15:30:29 UTC
According to research by rpietila (https://bitcointalk.org/index.php?topic=322058.0), it was roughly 1BTC = $0.005 in 2009 and 2010.
He writes that "0.005 USD" is just an arbitrary value.

That would be oversimplifying my words. Try: "I have learned of several isolated trades during the time period, none of which has happened at below 0.001 or above 0.01. Because the trading was non-continuous and the individual circumstances may have affected the prices, volume data is not available to me, and many other factors, I have approximated 0.005 for the whole period with no trend."