I spent 111 BTC on a large pepperoni and sausage pizza and a 20oz Mountain Dew at a local pizza joint back when BTC was just getting off the ground as a usable currency. That pizza at today's exchange rate would have cost $6,816,110.40.
BTC has never been usable as a currency, much less in 2012. There's a story of a guy who "bought" a pizza for 5000 BTC, but even then he actually just paid some guy 5000 BTC to buy a pizza with real dollars for him.
1) Lots of places take BTC as payment, even more than back in 2017-2018 when it took off. It's entirely reasonable that a "local pizza joint" would experiment with this stuff.
2) It was 10.000 BTC and the guy wanted to prove that you can get physical goods in exchange for BTC. Which he got.
The guy that owned that pizza joint was super into computers and started accepting BTC after it started to gain a little traction as a currency. I still keep in touch with the guy on Twitter and he's a massive cryptobro now.
What are you talking about? People were buying Lamborghinis and other high end items using bitcoin as early as 2013 and making the news all the time. Dealerships, Rental firms, real estate and a whole bunch of other fields were very quick to start accepting bitcoin coin.
Ur username checks out 🤣 it’s ok tho ur lucky to be old, nowadays some of us youngsters don’t even live to see that happen :/ one can only wish to reach old age
If I understood correctly, they are giving back the amount of dollars they were worth back then, not actual bitcoins or even how much they would be worth now.
Step 1: Buy decentralized currency that's main feature is that it is secure without the need for risky financial institutions that can go under, taking your currency with it.
Step 2: Centralize said currency in a risky financial institution that can go under taking your currency with it.
Thats... thats literally what the entire purpose was of the currency was from the get go, my guy. Its the REASON it was created, not some benefit later figured out.
You didnt need foresight, you just needed to understand why the thing you were buying had any value to begin with.
And yet you deleted it LMFAO! You think Reddit suddenly can’t find that comment now? Another clear lack of basic awareness.
Look how mad you’re getting at the internet! 🤡. I don’t feel anything towards you but mild laughter at your clear saltiness over some truths you can’t accept. I’m sorry to have so strong of an impact on your mental state and stability. Enjoy your life if this is all it takes for you to spiral 😂
i had 9500 saved up, was looking to buy bitcoin but the site looked sketchy and i had to link my bank account to it so i noped out. I think it was less than 10$ at the time lol
I remember when there were bots on Reddit that were straight up giving away Bitcoin as basically fancy upvotes people could give to each other since it was so worthless at the time. All you had to do was post a command under a comment for the bot to see.
A little later, Redditors would tip you Bitcoin Cash, which was pretty worthless. I was given $5 worth and then proceeded to upload it to some obscure exchange I've long forgotten about. Oh well.
my college roommates tried to talk me into bitcoin in 2013 but my ass was too broke. I couldn't even muster 50 bucks because i needed that money for food.
I have a tale of woe to tell you. I came across bitcoins as a newfangled toy. I started mining them and soon a had 8 bitcoins. But it was still a little effort for almost no return, so I stopped mining. Eventually, they creeped up a bit, then up a little higher to $12 a piece! Twelve bucks for these useless digits! But before I caught on, they crashed again. I was sure I missed out. They creeped up again, and when they hit $20, I pounced! I sold 7 coins for $20 each with a half a coin fee. These useless things that cost me cents, $140 profit for nothing!
And obviously you know where leads. I missed out on selling those coins for hundreds of thousands of dollars. I even lost the wallet that had that remaining half a coin left over. So don’t feel bad about not knowing they would peak at $73,000.
It's some kind of fallacy to think of this as a loss. If you didn't sell them at 20, you would have sold them at 30, or 40. And so on and so on. You would have had to make the decision not to sell every day. And it would feel riskier every day and you probably would have slept badly at every crash.
Most people lost money on Bitcoin. It's a less than zero sum game after all is done.
Eh, I'm currently holding a +900% NVidia stock. Still not selling. I want to buy a house in twenty years with it, like I would have done today if I bought, e.g., Apple stock twenty years ago. I don't sleep badly when it crashes. If my $500 or however much I spent are gone, they are gone. Whatever. If I sold it at +500%, it would've really been a loss.
I remember when a pizza place in Berkeley or some other Bay Area city as a lark offered to accept payment for their pies in bitcoin. Something like 15 (full) bitcoin I think. My memory of the actual cost is not reliable but it was double digit for certain
They were £60 when I bought my first 1.5 coins to buy drugs online.
I was talking with my freinds about how stupid it was that something so worthless was valued so highly and after the fad ended it would go back down a like 50p a coin....
I heard a podcast about it when it was still very new but didn't think to invest myself. I went back and found the date of the podcast and bitcoin was under $1 per coin.
Had a buddy buy a handful at the start as kind of a jokey splurge. He cashed them in at around $900 a pop to buy tickets to Super Bowl LI. At the time I thought he was a genius and was jealous.
I remember reminding my friend every time the price increased into several hundreds, then the thousands, then the tens of thousands. I would update for every increase but I thought Bitcoin was like stocks and didn't wanna get into it myself.
Me and my dad had a conversation once about Bitcoin and we were both lamenting over how we can't believe we missed it and we wish we would have bought. We were so depressed to have missed out on the opportunity of a lifetime.
Dude I think I did the exact same thing. I totally remember downloading a wallet app at some point, and I remember a seed phrase that I wrote down, but then I can't remember if I ever bought any Bitcoin because it wanted a copy of my driver's license and it seemed expensive to me at the time and I thought, wait a minute, what can I even buy with this, pizza? Why would I buy this? Lol. But if I wrote down a seed phrase, somewhere, does that mean I bought some Bitcoin, or could that have just been for the wallet? I've checked my email account and can't find a receipt for anything...
We were mining in college and got 10 after letting our PC's run all night for a few weeks. They popped one day and were worth $5. We all laughed that people were so stupid, we got pizza to celebrate.
yea I could have bought in at $50 but I couldn't really figure it out... damnit..we both would have sold when it doubled though or lost the key if that makes you feel better
I was in college when it first came out and i stayed up to like 3am trying to figure out how to mine it. Eventually decided I should go to sleep and finish in the morning. Never finished...
Tell you what, in 2015 a senior at my uni told me to buy 1BTC for around 314$ at the time. He did and I procrastinated thinking what is the need of it. 3 years later he sold it off for around 13657$.
I remember a buddy telling me about bitcoin when I around 2008. I looked into it and I remember buying like $500 worth... I just have no clue what I did with it.
I can't tell you how many times I've searched all of my backup hard drives, etc. It drives me nuts.
We use to tip each other in bitcoin for witty comments and other stupid shit. There would literally be threads filled with the bitcoin tipping bot tipping out what today would probably be thousands of dollars.
I wanted to buy weed online after moving to a new city but saw one BTC was .50 and the price was fluctuating. I didn’t want to put in 100 and have it be worth 90 so I didn’t do it.
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u/imllikesaelp 4d ago
I remember when I figured out how to buy one online, but then realized it was over $100 and didn’t want to waste that much money in case it vanished.