Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Robbinstale on May 22, 2022, 06:32:21 PM
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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!
From the SHIFTERS community of Blueshift dot fi
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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.
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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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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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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
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Do you really wanna see this history repeat itself?
I mean, in which way?
It's probably not happening
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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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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.
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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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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.
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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.
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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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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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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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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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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
You are right, this is indeed very extraordinary. In the past, that much Bitcoin was just to buy pizza, but now it can be made to buy the factory hahaha. And of course it's still more, you can buy luxury cars and much more, about the past history that will only be a story in the present and will not be repeated again.
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This history will always be remembered in the crypto world. Imagine if they are still holding the Bitcoin, they are really very lucky. We know how Bitcoin struggles and progresses to this day. It's really not easy. In the past, Bitcoin seemed to be worthless and not trusted. But this changed and is now a very valuable asset.
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It cannot take place again, those previous days will never come once more because as the cost of bitcoin is lessen but it does not implies that it is as low as equal to the price of pizza. Although the cost is decreasing but it is somewhat difficult to reach that price which was during 2010. Bitcoin price cannot goes in such a down price but instead it will goes up.
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Which direction the cryptocurrency market will go at any given time is entirely dependent on the traders. Currently the price of Bitcoin is making huge fluctuations especially we can see the highest fluctuations between 20k and 23k dollars. My long-term belief is that Bitcoin price will surpass $100,000 at some point and will happen by 2025.
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I think that there will be different history again about Bitcoin because nowadays, Bitcoin condition is very different from the past codnition. In the past, only a few people know about Bitcoin, they thought that Bitcoin is a new thing, and did not have any worth. But right now, most all people know how worthy Bitcoin is. So, this is only about matter of using Bitcoin as payment method as usual or using them for investment.
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I think that there will be different history again about Bitcoin because nowadays, Bitcoin condition is very different from the past codnition. In the past, only a few people know about Bitcoin, they thought that Bitcoin is a new thing, and did not have any worth. But right now, most all people know how worthy Bitcoin is. So, this is only about matter of using Bitcoin as payment method as usual or using them for investment.
I think bitcoin is suitable for investment.
But If you talk about bitcoin for payment method, it's not yet
Because bitcoin price is volatility, and we know bitcoin is anonymous ,.It will be misused for illegal activities
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Crypto currency in cyclus every four years.
I think we will see pump and dump every year.
I just have opinion about this, but if OP said about history will repeat again.
I think yes.
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Crypto currency in cyclus every four years.
I think we will see pump and dump every year.
I just have opinion about this, but if OP said about history will repeat again.
I think yes.
History will always repeat.
That's the fact of bitcoin and altcoins.
We know about this situation will happen every four years, butcoin halving will happen.
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I think that there will be different history again about Bitcoin because nowadays, Bitcoin condition is very different from the past codnition. In the past, only a few people know about Bitcoin, they thought that Bitcoin is a new thing, and did not have any worth. But right now, most all people know how worthy Bitcoin is. So, this is only about matter of using Bitcoin as payment method as usual or using them for investment.
Yeah, bitcoin condition , sometimes different with the past.
That's normal.
I think crypto market will always be influenced by world economic.
It's bearish and several countries has inflation