Power Of Bitcoin - page 4. | Bitcointalksearch.org

retreat

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Quote from: Mabo_spank on January 02, 2024, 11:21:05 AM

Cryptocurrency is slowly taking over the world and some hotels are now accepting Bitcoin as means of payment and Bulgaria as a country owns the highest Bitcoin as a country.
-snip-

I know that currently many places in Bulgaria already accept payments using Bitcoin, but to say that Bulgaria is the country that holds the most Bitcoin is too much, because there are still countries like the US, India, China and Russia, which have many adopters.
But yeah, it's never too late to buy Bitcoin now, the opportunity is still wide open and you can invest with low capital regularly to be able to make a profit in the next few years.

pinggoki

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Quote from: famososMuertos on January 02, 2024, 04:59:31 PM

Perhaps it is a story that never ends in the short term, you have to love bitcoin at any price and with any story, right?
Anyway, OP, the power of Bitcoin is in the trust of user, so, that is, why the first bitcoiners deserve the benefit of the best profit.

I agree, the first ones to trust bitcoin should be the first ones to get rewarded, there's no way that it's going to be the other way around with bitcoin where the pioneering investors and bitcoin enthusiasts get the short end of the stick when something big happens to bitcoin.

I still believe in the power of bitcoin but I think that it's not yet enough to sway governments to the point where they're not making any kind of influence on it like what happened in Argentina with their new president, right now here in my country, the influence isn't that strong so they can easily bully the population that's involved in cryptocurrency.

Bitcoin_people

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Nowadays everything is improving in this digital world and cryptocurrency is being traded in different countries of the world. Currently, many shopping malls, hotels, factories, and many grocery stores accept Bitcoin payments. We have seen that many major products can now be purchased with bitcoins in many countries, such as in El Salvador everything can be purchased with bitcoins, moreover we saw a few days ago that a house can be purchased with bitcoins in Portugal. All these improvements in the digital world are now possible with Bitcoin and the popularity of Bitcoin is increasing rapidly day by day. People who invested when the price of Bitcoin was very low made a lot of money and profited, but many of them didn't invest because they were afraid of losing money. However, we saw that the person who bought two pizzas with 10,000 bitcoins only had $42 worth of bitcoins in all.
But now if he had this amount of bitcoins then he would have become a billionaire and there is no doubt that he could have opened pizza companies in different parts of the world. Bitcoin will surely act as currency of future for you so invest and hold for long time it will pay you maximum.

JunaidAzizi

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Quote from: Mabo_spank on January 02, 2024, 11:21:05 AM

Nevertheless me falling short of the first opportunity of buying Bitcoin I'm still hoping of an opportunity to present it self so I can get the little bit of Bitcoin to my custody and I also advise both my friends and enemies to buy as much cryptocurrency they can because cryptocurrency is the currency of the future.

You missed the biggest opportunity of buying Bitcoin for $1000 and you will never get this opportunity again in your life. Most people still think that Bitcoin will down and give their users a huge loss but they don't know the power of Bitcoin, maybe it will decrease its price but after a year it will again cross its last ATH.
If I were in your place I did not leave this opportunity but this is what is written in your destiny. So do not lose hope you have still time to invest in Bitcoin if you can't afford the whole bit kin then just buy some part of it and after some, you will be able to get the whole Bitcoin one day.

UchihaSarada

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Quote from: oktana on January 02, 2024, 05:08:36 PM

I think you have the Bitcoin pizza story mixed up. Laszlo did not exchange $10,000 worth of Bitcoin for pizza instead he exchanged 10,000 Bitcoins for the pizza. At the time the 10,000 Bitcoin wasn’t even worth up to $50.

Quote from: oktana on January 02, 2024, 05:25:12 PM

But let’s think of something, how about Laszlo himself? To spend 10,000 Bitcoin, he must have had a lot more (I assume)… how about him then?

Lazlo Hanyecz has more bitcoins and he made more trades, not only the 10,000 bitcoins for 2 pizzas we know.

Did Laszlo Hanyecz exchange 40000 BTC for 8 pizzas, not 10000 BTC for 2 pizzas?

He did not said how many trades he did before closing that offer but with his posts, it's very likely he actually made some trades for pizzas, not only one.

Quote from: laszlo on June 12, 2010, 03:14:44 PM

This is an open offer by the way.. I will trade 10,000 BTC for 2 of these pizzas any time as long as I have the funds (I usually have plenty). If anyone is interested please let me know. The exchange is favorable for anyone who does it because the 2 pizzas are only about 25 dollars total, maybe 30 if you give the guy a nice tip. If you get me the upgraded extra large ones or something, I can throw in some more bitcoins, just let me know and we'll work something out.

My 1 year old daughter really enjoys pizza too! She just smears it all over her face if you give her a whole slice, but she does eventually manage to get most of it in her mouth (minus a few loose toppings of course).

Quote from: laszlo on August 04, 2010, 12:51:05 PM

Well I didn't expect this to be so popular but I can't really afford to keep doing it since I can't generate thousands of coins a day anymore

Thanks to everyone who bought me pizza already but I'm kind of holding off on doing any more of these for now.

oktana

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Quote from: snipie on January 02, 2024, 05:16:46 PM

Quote from: oktana on January 02, 2024, 05:08:36 PM

I think you have the Bitcoin pizza story mixed up. Laszlo did not exchange $10,000 worth of Bitcoin for pizza instead he exchanged 10,000 Bitcoins for the pizza. At the time the 10,000 Bitcoin wasn’t even worth up to $50. You can check the post here: https://bitcointalksearch.org/topic/pizza-for-bitcoins-137. Also, I don’t think that the person who got the 10,000 Bitcoin still has it. It’s possible but the chances are really slim because Bitcoin merely being $1000, that’s a lot of money that the average person may want to have cashed out.

There is many accounts which hold a big amount of Bitcoin on it. Some of these accounts have an owner which died, lost the keys to open it, holding for a better price, companies using it to avoid taxes and so on.
Laszlo spent a big amount of Bitcoin for something that worth it at that time and which doesn't worth it anymore. I would buy a normal pizza right now for 0.00045 Bitcoin which is equivalent to ~$20 but I will definitely cry it next years when I see that I bought a pizza for ~$200 or even more.

Well, I didn’t say it’s impossible, I’m rather saying that for the person who got the Bitcoins from Laszlo, I think the chance is slim that he didn’t use it already. The fact that he even wanted and made the trade with Laszlo shows that he saw value in Bitcoin and knew what he was doing. It’s not like he just carelessly did it. So, even Bitcoin at $1 was already a tempting time for him to sell. I’m assuming he was also skeptic if Bitcoin price will go back down. That’s a lot of gain to not be tempted.

But let’s think of something, how about Laszlo himself? To spend 10,000 Bitcoin, he must have had a lot more (I assume)… how about him then?

snipie

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Quote from: oktana on January 02, 2024, 05:08:36 PM

I think you have the Bitcoin pizza story mixed up. Laszlo did not exchange $10,000 worth of Bitcoin for pizza instead he exchanged 10,000 Bitcoins for the pizza. At the time the 10,000 Bitcoin wasn’t even worth up to $50. You can check the post here: https://bitcointalksearch.org/topic/pizza-for-bitcoins-137. Also, I don’t think that the person who got the 10,000 Bitcoin still has it. It’s possible but the chances are really slim because Bitcoin merely being $1000, that’s a lot of money that the average person may want to have cashed out.

There is many accounts which hold a big amount of Bitcoin on it. Some of these accounts have an owner which died, lost the keys to open it, holding for a better price, companies using it to avoid taxes and so on.
Laszlo spent a big amount of Bitcoin for something that worth it at that time and which doesn't worth it anymore. I would buy a normal pizza right now for 0.00045 Bitcoin which is equivalent to ~$20 but I will definitely cry it next years when I see that I bought a pizza for ~$200 or even more.

oktana

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I think you have the Bitcoin pizza story mixed up. Laszlo did not exchange $10,000 worth of Bitcoin for pizza instead he exchanged 10,000 Bitcoins for the pizza. At the time the 10,000 Bitcoin wasn’t even worth up to $50. You can check the post here: https://bitcointalksearch.org/topic/pizza-for-bitcoins-137. Also, I don’t think that the person who got the 10,000 Bitcoin still has it. It’s possible but the chances are really slim because Bitcoin merely being $1000, that’s a lot of money that the average person may want to have cashed out.

famososMuertos

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Perhaps it is a story that never ends in the short term, you have to love bitcoin at any price and with any story, right?
Anyway, OP, the power of Bitcoin is in the trust of user, so, that is, why the first bitcoiners deserve the benefit of the best profit.

Dr.Bitcoin_Strange

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If everyone begins to share their experience of how they missed the opportunity of buying Bitcoin when the price was still low, then we will have quite a lot of stories and regrets, whereas yours is just nothing serious. You already had the chance to invest in Bitcoin when your friend talked to you about it, but you did not listen. That's also how many people had the opportunity. In my case, when I first heard about Bitcoin, I was skeptical as well, but if I had had a true friend who was a true Bitcoiner, maybe he would have helped me understand better what Bitcoin is, and I would have invested earlier, but it was until 2019 before I got the real knowledge and invested.

Since you are now convinced about Bitcoin, it's not too late to start investing now. Even if you don't make much profit now that the price is getting high, you can still hold your investment till the next bull market after this one that is approaching.

Zigabel

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Waiting for another opportunity before buying Bitcoin may be another time to miss out on opportunity again because for Bitcoin, the best opportunity is always now as you may not get the same price you get now in the nearest future, if your friend had waited and hoped that Bitcoin goes below $1k I'm sure he would have missed out on the profit he made because the next time he would have checked Bitcoin must have gone way above $1k so I advise whenever you have an investment mindset especially with Bitcoin, execute almost immediately as you may not get that opportunity you had at they point in time.

By next year Bitcoin is definitely going to get to a new ATH by then the price might no longer look really friendly if you have a small budget because you wouldn't get enough units as you would now so it's best you invest now and not wait again for opportunity.

AprilioMP

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Everyone here probably wants Bitcoin to be a legal means of payment, making it easier to make transactions because some Bitcoiners live in countries that do not allow transactions using Bitcoin other than regulated fiat.

For bitcoiners who can use Bitcoin as a means of payment, maybe not just to pay for hotels, more than that they can spend it other than just paying for hotels.

One word, I think it is less interesting to equate cryptocurrency with Bitcoin. Bitcoin is different from cryptocurrency in many ways.

Mabo_spank

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You just decided to write everything that obviously came to your mind first without even asking yourself if there was any truth in it. It is true that you can pay for many hotels with Bitcoin, but you can also buy a plane ticket, a car or food in a restaurant. Thanks to payment processors, you can pay with Bitcoin almost anything you can think of - but the idea of Bulgaria as the country with the most Bitcoins has long been dispelled.

[/quote] yes what I said about it was a little bit of research I made on it I am still new in the world of crypto and I am still open to learning and all you have just said has open my knowledge more and I really appreciate. Please if you can still school me on it I will for ever be grateful.

Agbe

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Don't waste your time again, Just buy now and hodle. Op people are still predicting that Bitcoin will reach $100,000 in the next bull market and now Bitcoin is still $45k therefore you still have the chance to invest in it. If you have the $1,000 invest in it now that is still on the low key. And it is said by someone here, everyone was skeptical at the first encounter of the technology or the project because many were afraid to loss their money to scammers or others. Well I can't say much about Bulgaria Bitcoin status because I have not heard of it. But in Nigeria, we are the giant in Bitcoin in Africa. Yes cryptocurrency will take over the digital world but it can't the physical. And cryptocurrency might even influence the exchange rate of the fiat currencies in the world.

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Quote from: Mabo_spank on January 02, 2024, 11:21:05 AM

Cryptocurrency is slowly taking over the world and some hotels are now accepting Bitcoin as means of payment and Bulgaria as a country owns the highest Bitcoin as a country.
~snip~

You just decided to write everything that obviously came to your mind first without even asking yourself if there was any truth in it. It is true that you can pay for many hotels with Bitcoin, but you can also buy a plane ticket, a car or food in a restaurant. Thanks to payment processors, you can pay with Bitcoin almost anything you can think of - but the idea of Bulgaria as the country with the most Bitcoins has long been dispelled.

Quote from: https://bitcoinist.com/bulgaria-not-bitcoin-1-6b-finance-minister/

The publication claims that Bulgaria’s finance minister, Vladislav Goranov, told the Prime Minister’s Security Council the sale had taken place, and that the coins were sold piecemeal so as not to crash the market. “Several sovereign wealth funds and Asian investors” purchased the coins for around €15,000 each, with Deloitte acting as a consultant, Bivol references Goranov as revealing. Even more curiously, “experts from the US FBI helped to ensure the safety of transactions,” the last of which occurred April 1, 2018, Goranov is reported to have said.

Barikui1

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At one point in time we all have our own time when we were skeptical about it, and we missed out on the early opportunity to acquire it more earlier, but we lost it, due to our distrust then, but we won't sit by and keep on crying, we just have to make every opportunity count, by buying BTC through the DCA method because we are still in the early days of the rise of Bitcoin.

RioBlemz

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We cannot completely say Bulgaria owns the largest BTC. However Bulgaria is one of the countries along India, China, USA, Nigeria etc. who has a good number of its citizens owns BTC.

From all occurrences there is no better time to buy Bitcoin but for last year. The price of Bitcoin fell to a lowest of $17,000 Just spot you own minimal and buy as many as you can afford. You can start accumulating gradually which is one way a lot of persons here in this community did. However this year 2024 will pose another opportunity which you can profit from but remember ETF approval is at the corner, Halving Event is forth coming. This serve as opprtunity for BTC to go high.

Be watchful.

Mabo_spank

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Cryptocurrency is slowly taking over the world and some hotels are now accepting Bitcoin as means of payment and Bulgaria as a country owns the highest Bitcoin as a country.
Around 2018 a friend of mine bought some unit of Bitcoin equivalent to $1,000 and also advise me to do same but I refused and was skeptical about it because I was of the notion that "what is really moving is coin of a currency" fast-forward 4 years later my friends share or unit of Bitcoin skyrocketed to $10,000 and I was at thr losing end just to be left with the thought of had I know.
When Bitcoin first broke out there was a man Laszlo who exchanged $10,000 worth of Bitcoin for two Papa John's Pizza from Jeremy but fast-forward to today Jeremy can purchase a million pack of pizza worth $10000 and still have more BTC left for him .
Nevertheless me falling short of the first opportunity of buying Bitcoin I'm still hoping of an opportunity to present it self so I can get the little bit of Bitcoin to my custody and I also advise both my friends and enemies to buy as much cryptocurrency they can because cryptocurrency is the currency of the future.

Topic: Power Of Bitcoin - page 4. (Read 628 times)