Cryptocurrency Q&A
What would happen if I invested in Bitcoin in 2010?
What would happen if I invested in Bitcoin in 2010?
charlotte_wright_coder
Sat Dec 21 2024
|
6 answers
930
I'm wondering about the potential outcomes if I had made an investment in Bitcoin back in 2010. Would I have made a significant profit or could there have been risks involved?
6 answers
BlockchainBrawler
Mon Dec 23 2024
Bitcoin's value in US dollars stood at $0.05 per coin at the start of 2010, according to data from CoinCodex.
Was this helpful?
175
62
Martino
Mon Dec 23 2024
To convert this value into Indian rupees, one needs to consider the exchange rate in 2011.
Was this helpful?
121
39
Raffaele
Mon Dec 23 2024
The exchange rate in 2010 was such that one dollar was equivalent to ₹45.73, as per Bankbazaar's data.
Was this helpful?
124
44
Claudio
Mon Dec 23 2024
Based on this exchange rate, the value of one Bitcoin in Indian rupees would have been ₹2.21.
Was this helpful?
292
79
Maria
Sun Dec 22 2024
Therefore, if someone had ₹10,000 in 2010, they could have purchased a significant number of Bitcoins.
Was this helpful?
107
87
Load 5 more related questions
