Analysis from the web.
"How Much was 1 Bitcoin Worth in 2009?
Bitcoin was not traded on any exchanges in 2009. Its first recorded price was in 2010. Technically, Bitcoin was worth $0 in 2009 during its very first year of existence!
How Much was 1 Bitcoin Worth in 2010?
Bitcoin's price never topped $1 in 2010! Its highest price for the year was just $0.39!
What Determines Bitcoin's Price?
Bitcoin’s price is measured against fiat currency, such as American Dollars (BTCUSD), Chinese Yuan (BTCCNY) or Euro (BTCEUR). Bitcoin therefore appears superficially similar to any symbol traded on foreign exchange markets.
Unlike fiat currencies however, there is no official Bitcoin price; only various averages based on price feeds from global exchanges. Bitcoin Average and CoinDesk are two such indices reporting the average price. It’s normal for Bitcoin to trade on any single exchange at a price slightly different to the average.
A common way to gauge demand from new entrants to the market is to monitor Google trends data (from 2011 to the present) for the search term “Bitcoin.”
Such a reflection of public interest tends to correlate strongly with price.
High levels of public interest may exaggerate price action; media reports of rising Bitcoin prices draw in greedy, uninformed speculators, creating a feedback loop.
This typically leads to a bubble shortly followed by a crash. Bitcoin has experienced at least two such cycles and will likely experience more in future."
A Bitcoin is a trend, a fad, describe it what you like.
It was built from nothing, has no monetary value other than what some greedy sucker is willing to pay for it and will eventually crash.