Topic: Don't trade your Bitcoin like Laszlo Hanyecz - page 5. (Read 738 times)

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.

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.

Exactly! Use Bitcoin as a currency, spend it, earn it, save it. Adoption is what can make Bitcoin grow.
Laszlo didn't spend all his Bitcoin on pizza, he had enough left. Bitcoin wouldn't be worth much if only a few guys would have kept all of it for themselves.

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.

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. 


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.

Hanyecz announced on May 18, 2010, that he planned to use Bitcoin to buy pizza, preferably two large pies. He was willing to pay 10,000 Bitcoin to anyone who could place an order, collect the cryptocurrency, and bring it to him.

Days passed and Hanyecz was still unable to find anyone who was willing to take up his offer. He was losing hope. But then, on May 22, Jeremy Sturdivant, a 19-year-old at the time, started turning heads on the forum. He accepted the offer of 10,000 Bitcoin for two pizzas, valued at around $41 back then.

Sturdivant purchased the two pizzas and delivered them to Hanyecz’s place in Florida. Laszlo Hanyecz posted on the forum that he had received the pizzas and shared the following photograph with his family.
https://www.businesstoday.in/amp/crypto/story/two-pizzas-for-rs-2260-crores-12-years-of-the-bitcoin-pizza-day-334204-2022-05-19

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!