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Author Topic: Will this history repeat itself again?  (Read 2540 times)

Offline Robbinstale

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Will this history repeat itself again?
« on: May 22, 2022, 06:32:21 PM »
On this day, May, 22nd, 2010. An early cryptocurrency adopter named Lazlo Hanyecz exchanged 10,000 Bitcoin for 2 Pizza, this is how history was made in the cryptocurrency ecosystem. His act was an act of goodwill to see Bitcoin mass adoption in full scale, this was the time that Bitcoin was less than 1¢, so imagine this, an enthusiasts willing to negotiate 10,000 bitcoin for just 2 Papa John's Pizza. Well, all thanks to Lazio for this historic move to make bitcoin known, accepted and widely adopted. Now tell me, do you think this kind of act will ever repeat itself again?

Happy Bitcoin Pizza day!
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Will this history repeat itself again?
« on: May 22, 2022, 06:32:21 PM »

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Online TomPluz

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Re: Will this history repeat itself again?
« Reply #1 on: May 27, 2022, 02:58:35 AM »


No, there is less likely chance that the same story surrounding the so-called Bitcoin Pizza Day will ever happen again...all because we don't have the time travel machine that can take us back there. And I don't think that the value of BTC will ever go back to the level back then at the time when those boxes of pizzazz where bought. The only for the same story to happen is if there will be another coin that can replace Bitcoin and someone copy-cat Lazlo Hanyecz in buying pizzas using the said coin - and this is very remote to happen.

Offline mu_enrico

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Re: Will this history repeat itself again?
« Reply #2 on: May 27, 2022, 10:24:27 AM »
What kind of history? (1) Bitcoin goes to $0.01, (2) someone buys pizza with BTC, or (3) someone spends 10,000 BTC for x Pizza?
For the first scenario, with the recent LUNA crash, I think there's still possibility BTC can go to $0.01, but it's pretty unlikely.
For the second scenario, it's happening already
For the third scenario, it's also unlikely because even if all pizza shop working together to meet the demand, they'll still fail. Just count how many pizzas can be bought with 10,000 BTC  ;D
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Offline Afony

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Re: Will this history repeat itself again?
« Reply #3 on: May 27, 2022, 03:41:53 PM »
Will there be such a project and will he be able to do it if BTC has become the developer of the entire cryptocurrency, he is now heard in all countries. It will be very difficult to replace bitcoin.
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Offline Alichlas92

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Re: Will this history repeat itself again?
« Reply #4 on: May 27, 2022, 04:55:29 PM »
10,000 BTC can now even buy a pizza building/factory.

this will never happen again, if btc goes down and experiences a significant decline, then we are ready for crypto to sink

Offline DearMary

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Re: Will this history repeat itself again?
« Reply #5 on: June 06, 2022, 10:40:39 AM »
Do you really wanna see this history repeat itself?
I mean, in which way?
It's probably not happening

Offline surendertakyaan70

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Re: Will this history repeat itself again?
« Reply #6 on: June 09, 2022, 06:03:38 PM »
As we are seeing. At present the market is dumb. There is also a huge decline in bitcoin. I wish. It emerged as quickly as before. Because the effect of bitcoin is visible on the whole market. That's why I hope That it will shine as much as before soon.

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Re: Will this history repeat itself again?
« Reply #6 on: June 09, 2022, 06:03:38 PM »


Offline hasyurt

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Re: Will this history repeat itself again?
« Reply #7 on: June 10, 2022, 02:24:35 PM »
As we are seeing. At present the market is dumb. There is also a huge decline in bitcoin. I wish. It emerged as quickly as before. Because the effect of bitcoin is visible on the whole market. That's why I hope That it will shine as much as before soon.
Serious decline may be for those who buy bitcoin from 55k. When it first came out. For those who have bitcoin since then, there is only loss of profit and it can be said that it has a very high price compared to when it first came out. I expect it to rise to 150-200k from here again very soon.

Offline naitik01

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Re: Will this history repeat itself again?
« Reply #8 on: June 11, 2022, 11:45:13 AM »
Bitcoin started at $0.08, and in 2021, Bitcoin repeated its history touching the magic figure of $68789.63, it may even exceed this figure next year.

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Re: Will this history repeat itself again?
« Reply #9 on: July 01, 2022, 12:37:52 PM »
No, this story, I hope, will not happen again. It is unlikely that bitcoin will fall even to a few hundred dollars. That is, bitcoin will always cost more than dozens of pizzas. But its fall to a very critical size, as by today's standards, I still admit. We cannot say how the cryptocurrency will develop further, and bitcoin has already lagged far behind in its functionality from many altcoins.

Offline KaliLinux

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Re: Will this history repeat itself again?
« Reply #10 on: July 01, 2022, 01:20:02 PM »
This shouldn't even be a question to ask because we know that there is nobody in cthe ryptocurrency space that will spend even 0.5 Bitcoin on one pizza. Of cause this was when Bitcoin was less than 1¢ as you said and everyone now knows the value of Bitcoin and what HODLing it means so no, that will never happen again.

Offline cheezcarls

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Re: Will this history repeat itself again?
« Reply #11 on: July 01, 2022, 02:49:53 PM »
I don’t think so. It would be absurd to see Bitcoin going back to being worth cents again. However, it’s possible if Ant Man’s quantum realm exists where you can teleport back in time to buy BTCs while they were still worth cents lol.

But seriously there is no way that BTC may go down so deep anymore like up to a hundred dollars or even cents. It has matured already where it was embraced by some governments, financial institutions, traditional companies, etc.
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Offline Afony

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Re: Will this history repeat itself again?
« Reply #12 on: July 01, 2022, 02:52:34 PM »
It's hard to say that bitcoin will fall to such prices when the cryptocurrency was just beginning to develop, now you can buy cryptocurrencies at very discounted prices. If there is still such an opportunity to purchase at such a price.
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Offline dodok

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Re: Will this history repeat itself again?
« Reply #13 on: July 02, 2022, 05:37:53 PM »
in my opinion bitcoin will not go back to the history of that period because now bitcoin is widely known by the world, there are also countries that have accepted payments via bitcoin, so to return to the past at that price is very unlikely.
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Offline atrizbtc

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Re: Will this history repeat itself again?
« Reply #14 on: July 06, 2022, 10:00:24 AM »
If you're not shorting with leverage you're not as confident as you're claiming to be and my bet is that you're just commenting so you can remind us if you're right. Too many people on Facebook claim to know what will happen next and too few put money on the line. I'm quite confident that the next big move will be a bounce upwards.
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