Topic: Don't trade your Bitcoin like Laszlo Hanyecz - page 4. (Read 738 times)
He took a big step, giving it more value. Maybe if that decision isn't taken by him, even now bitcoin could've been used as a gambling token as well as a store of value for money laundering and darkweb activities. Just because he did such a marvelous thing we're talking about him. He has secured his place in the history with such a huge spending. Before indicating he's wrong we should self analyse what we've done for bitcoin and for its growth???
Today is the day of pizza Bitcoin but nobody do give away of bitcoin to buy pizza in the name of bitcoin, i celebrate my with some bottles of wine and small amount or price of pizza today, what I'm considering is the turns up next year because this celebration have started it will not end and let us try to give and support who does not have to buy pizza in any restaurant or eatery pizza with bitcoin money.
Do you know your Bitcoin asset can worth more than you could ever image in time? Hodl and buy more since price is down and await the future to decide.
I'm a Bitcoin optimist!
I'm a Bitcoin optimist!
And where would you buy your bitcoins if everyone was hodling and no one was selling?
Many people forget the primary function of Bitcoin. In fact, Laszlo, and others like him, played a crucial role in the early history of Bitcoin. Without them, we wouldn't be here today.
It looks like what laszlo did was quite negative based on your explanation. The guy didn't even regret what he has done and it's the main reason why the exchange of bitcoin into other things has started and has come with a value.
And if anyone has to spend his/her bitcoin, there's nothing wrong with that. Satoshi did even make bitcoin for purchasing and for means of transfer/exchange so, it's okay to spend if you want to and do whatever you want like holding too.
Laszlo's purchase of pizza can't be considered something negative in any way, even despite the cosmic amount that those 10.000BTC are now valued at. On the contrary, this event had a huge positive impact on the entire bitcoin-community and it showed for the first time that for bitcoin you can buy something physical and tangible, which was not there before. This day is a push for bitcoin, without which everything would be different.And if anyone has to spend his/her bitcoin, there's nothing wrong with that. Satoshi did even make bitcoin for purchasing and for means of transfer/exchange so, it's okay to spend if you want to and do whatever you want like holding too.
Why should Laszlo regret what he did? Those bitcoins at that time were worth very little, and he had a lot of time and opportunities to make up those BTC many times over. Also, most likely, there was a lot of time to sell those btcoins at one of the stages of the formation of this cryptocurrency.
It looks like what laszlo did was quite negative based on your explanation. The guy didn't even regret what he has done and it's the main reason why the exchange of bitcoin into other things has started and has come with a value.
And if anyone has to spend his/her bitcoin, there's nothing wrong with that. Satoshi did even make bitcoin for purchasing and for means of transfer/exchange so, it's okay to spend if you want to and do whatever you want like holding too.
And if anyone has to spend his/her bitcoin, there's nothing wrong with that. Satoshi did even make bitcoin for purchasing and for means of transfer/exchange so, it's okay to spend if you want to and do whatever you want like holding too.
I hate people spending their bitcoin sort of being 'demonized', as there's definitely nothing wrong with what the dude did. He publicly showed that bitcoin can actually be used as a currency. Big achievement, if anything.
I have the same thought, We do recognize the history of bitcoin pizza because of what Laszlo did before. It is a piece of history that wouldn't be erased in cryptospace. Imagine you are one of the earliest people using bitcoin to purchase in a real world when nobody thought its possible. Using him as a bad example now means you blame people today using their bitcoin as a sort of payment.
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A big lesson
Do you know your Bitcoin asset can worth more than you could ever image in time? Hodl and buy more since price is down and await the future to decide.
I'm a Bitcoin optimist!
A big lesson
Do you know your Bitcoin asset can worth more than you could ever image in time? Hodl and buy more since price is down and await the future to decide.
I'm a Bitcoin optimist!
Laszlo bought pizza in 2010, so how can he predict bitcoin will be worth sometime while mining 10k bitcoins is as easy as writing 2 to 3 paragraphs of a children's fairy tale? I don't think one's optimism will grow in just a year, so $41 is worth more than 10k bitcoins in that year.
Laszlo was the first to experience the benefits of bitcoin as a means of payment. Inadvertently he made recognized history.
Quote
Don't trade your Bitcoin like Laszlo Hanyecz
In my opinion this is wrong in so many ways that I don't even know where to start. Just think what would have happened if satoshi mined all bitcoins by himself and never gave one away. Bitcoin would be worth nothing and this forum would not exist. People have such a strange mindset that you can only own Bitcoin once, and once you sell your precious bitcoin, you will never own it, because it's just impossible, right? Laszlo still owns enough coins to be a millionaire, maybe even multi-millionaire. No one knows if he bought back the coins he spent on pizza. Same goes for people who sell in a bear market - not every single one of them is panicking and quitting Bitcoin for good, some just accumulate more Bitcoin by waiting for lower prices.
Thats the thing so many people miss that point. They automatically think Laszlo bought
Pizzas with all his Bitcoin and that was it, he was never able to buy back the Bitcoin.
Bitcoiners today sell Bitcoin to buy stuff, they buy it back again, we dont 5 years later think
that item cost x times more because of the current market value. As everyone above Bitcoin
has to move, change hands and be used.
That is exactly right.
I am a trader on p2p exchanges. So I sell and buy BTC for a 5% profit margin. And a lot of my customers don't understand why I am selling coin now that the price has dropped so much.
If I sell you $1 of coin, I sell it for $1.05, than I turn around and but $1.05 of coin again. I just made $0.05 of Bitcoin in profit. But they don't understand that. What do they think I do with that nickel?
Two years ago when Bitcoin was at around $10k I sold my $6k of it to buy a vehicle for my work. Had I waited an other 6 months, that $6k of Bitcoin would have turned into $36k.
But I don't regret it at all. I needed a truck for work. There was no way around that. I couldn't have taken it somewhere else because all my money was in BTC.
If I could dislike this post or give it negative merits I would. It is so stupid when people give him a hard time for spending his bitcoins on the pizzas. What he did was start off the use of bitcoin as a means of exchange and no one had any idea how valuable bitcoin would become at that time. Someone had to be first and he’ll be famous for doing so for eternity. Bitcoin is a currency and it’s meant to me spent so enough with the don’t spend bitcoin narrative.
People have such a strange mindset that you can only own Bitcoin once, and once you sell your precious bitcoin, you will never own it, because it's just impossible, right? Laszlo still owns enough coins to be a millionaire, maybe even multi-millionaire. No one knows if he bought back the coins he spent on pizza. Same goes for people who sell in a bear market - not every single one of them is panicking and quitting Bitcoin for good, some just accumulate more Bitcoin by waiting for lower prices.
Thats the thing so many people miss that point. They automatically think Laszlo bought
Pizzas with all his Bitcoin and that was it, he was never able to buy back the Bitcoin.
Bitcoiners today sell Bitcoin to buy stuff, they buy it back again, we dont 5 years later think
that item cost x times more because of the current market value. As everyone above Bitcoin
has to move, change hands and be used.
I never said you necessarily have to spend your bitcoin. Heck, I mostly don't. But I'm not here telling people what to do and what not to do with their money, because everyone can do whatever the fuck they want with their bitcoin. It's literally none of my(or our) business.
To me it doesn't matter if you hodl, day trade, gamble, finance terror, buy dope, whatever.....
All that matters is that you use it. And in time as more people use it, it will become easier to see it as a means of exchange.
It's already used as a means of exchange far more than it ever was in the past. And that use cade keeps growing.
My VPN is with ProtonMail which accepts BTC psyments.
.
Almost 12 years ago, a Floridian programmer named Laszlo Hanyecz was craving pizza. So, he bought two. But the catch here is, that he paid in Bitcoin in the first-ever recorded real-world transaction using crypto.
Do you even realized what you wrote here? Did you read it? Or was it just a copy-paste without paying attention? Laszlo did something unique in history, he and his transaction will always be part of bitcoin's history and who knows, maybe without Laszlo proving that was actually possible exchange bitcoin for something physical bitcoin wouldn't have become what's today. I have a huge respect for Laszlo. 
A big lesson
Do you know your Bitcoin asset can worth more than you could ever image in time? Hodl and buy more since price is down and await the future to decide.
I'm a Bitcoin optimist!
Do you know your Bitcoin asset can worth more than you could ever image in time? Hodl and buy more since price is down and await the future to decide.
I'm a Bitcoin optimist!
Bitcoin is money. The money has to flow. Without people using Bitcoin to pay for goods and services we would not be here.
So you're wrong. Badly and maybe selfishly too, in a twisted way.
My opinion is that one should always spend some and keep some. Like with every kind of money. Make use of your money in any form, don't exaggerate, but also don't look back on what would that worth now.
If you don't do this you may end up dying with the regret of being maybe even rich for no use, since you lived your life as poor man.
This is a historical event which we now celebrate and I agree with mk4, nothing is wrong with it. Many of the early adopters of that time sold their BTC to buy things they have not got since like cars. Although they sold it early, they've proven BTC to be currency.
Today, you may think you'd regret later when you spend your BTC, so its your choice what ever you do with it. And I hope you really will make it to be the diamond hands that you want. Happy Bitcoin Pizza day!
Today, you may think you'd regret later when you spend your BTC, so its your choice what ever you do with it. And I hope you really will make it to be the diamond hands that you want. Happy Bitcoin Pizza day!
Well, today is the main celebration of the Bitcoin Pizza day. May 22 marks the 12th anniversary of Bitcoin Pizza Day, a day when the cryptocurrency was used in a real-world transaction for the first time.
Actually, today is more like a Laszlo Day. Attention should be on him for making Bitcoin transaction believable. Many of us think (as it's today and now) that Laszlo was wrong to have made that deal because it would've worth a lot in today's world. Truth is that Bitcoin was worth what it was exchanged for then. Not many a people believed then that Bitcoin could be worth a fraction of what it's worth today and that was why it took Laszlo some time to even get his buyer at that exchange. I've read several articles in the past where Laszlo said he didn't have any regret doing what he did then. So, I think we shouldn't cry more than the bereaved on that issue. Yes, quite alright the value is worth a crazy figure now but I don't believe Laszlo would've kept his stash till date and had that benefit. He would've sold off during one of those FUD days before 2017. 
I disagree. Sound money is a lot more than something you use to buy and sell stuff.
Just because you are not buying coffee with your coin doesn't mean it's not money. Have you ever heard to expression: "Sound money chases out bad money."?
Basically, all of us here understand that gold, silver, Bitcoin, and even yack poop are all better money than fiat currency. Yet if I have $20 of coin, $20 of gold, $20 of yack poop, and $20 of fiat, you can bet your keys I will be spending the worthless fiat first and hodl my gold, coin, and yack poop.
People tend to keep what is valuable to them and spend away what they consider less valuable. So bitcoin will at some point be used to buy coffee. We just gave to wait until your useless fiat becomes so worthless that you still will want to get rod of it, but nobody will want it.
And that is what money is.
Just because you are not buying coffee with your coin doesn't mean it's not money. Have you ever heard to expression: "Sound money chases out bad money."?
Basically, all of us here understand that gold, silver, Bitcoin, and even yack poop are all better money than fiat currency. Yet if I have $20 of coin, $20 of gold, $20 of yack poop, and $20 of fiat, you can bet your keys I will be spending the worthless fiat first and hodl my gold, coin, and yack poop.
People tend to keep what is valuable to them and spend away what they consider less valuable. So bitcoin will at some point be used to buy coffee. We just gave to wait until your useless fiat becomes so worthless that you still will want to get rod of it, but nobody will want it.
And that is what money is.
I never said you necessarily have to spend your bitcoin. Heck, I mostly don't. But I'm not here telling people what to do and what not to do with their money, because everyone can do whatever the fuck they want with their bitcoin. It's literally none of my(or our) business.
I hate people spending their bitcoin sort of being 'demonized', as there's definitely nothing wrong with what the dude did. He publicly showed that bitcoin can actually be used as a currency. Big achievement, if anything.
I disagree. Sound money is a lot more than something you use to buy and sell stuff.Just because you are not buying coffee with your coin doesn't mean it's not money. Have you ever heard to expression: "Sound money chases out bad money."?
Basically, all of us here understand that gold, silver, Bitcoin, and even yack poop are all better money than fiat currency. Yet if I have $20 of coin, $20 of gold, $20 of yack poop, and $20 of fiat, you can bet your keys I will be spending the worthless fiat first and hodl my gold, coin, and yack poop.
People tend to keep what is valuable to them and spend away what they consider less valuable. So bitcoin will at some point be used to buy coffee. We just gave to wait until your useless fiat becomes so worthless that you still will want to get rod of it, but nobody will want it.
And that is what money is.
True that but I think people are more concerned now about that spending because of what Bitcoin is today and its worth but not really the spending. Looking at the worth of those Bitcoin today and the number of pizzas they were spent on is imbalanced if I may say it like that but people have to understand that we cannot compare then and now and people can actually spend because thats part of its essence too, I believe.
Is that really a good way of looking at things though? Like, "screw enjoying my life and spending $41 for some pizzas, this money could be worth a lot more pizzas in the future!" That's just dumb.
Look, if he was bullish on bitcoin in the first place, then he likely covered that 10,000 BTC and likely purchased a lot more than that.
So what can we do with our Bitcoins? It for buying the damn things we wanted so he did it right and also Bitcoin wasn't worth that much by that time, so we can't do anything about it for now but he took a part in the bitcoin's history if bitcoin ever accepted as payment by this whole world which may worth more than the money, for some and differs for others.
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