If you go into the options via Tools menu and Calculation Tab you will find there is an Enable Iteration option, check this and set Max Iteration to 1.
Back to your sheet... ensure C1 is blank... clear A1 & B1 of any existing formulae then set formula such that
Now if you change C1 you should find that A1 populates with the time of the update and will not update thereafter unless you clear C1 content before re-entering new value ... eg:
C1: "a" -> "b" ... time stamp will only update when you first enter "a"
C1: "a" -> CLEAR -> "b" ... time stamp will update when you enter "a" and then subsequently when you enter "b" and be cleared when you first clear "a"
Enabling Iteration essentially permits the use of what are known as "circular references" - formulae in cells that refer to themselves - in our case the formula in A1 refers to itself and is thus circular by nature.
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