In 2010 Laszlo Hanyecz bought 2 pizzas for 10,000 bitcoin. believed to be one of the first real-world bitcoin purchases. At the time the value of these bitcoins was around $25 but fast forward to today and the value would be closer to $92 million. So what is the lesson from this? obviously, with hindsight, he should never have sold them but then there is the argument that any share or commodity you buy could increase exponentially in value over the course of 10 years and that this is just a, very extreme, example of that. What do you guys think? are stories like this a worrying cautionary tale and make you think twice about selling crypto/commodities etc? or maybe you prefer to live in the ‘here and now’ and try not to think about these things?
A cautionary tale indeed @Al_Wallace! However… there’s no harm in ‘living the here and now’ just a bit. Once responsibilities are taken care of why not have a little fun/adventure? It’s nice to have what I call ‘fun money’ - 'extra money for dabbling in crypto, fintech etc…
Wow ,he regretted to sell bitcoin all his life , It was sad story
This is one of those times you wish you had a time machine
Completely understand his reasoning. BTC was practically worthless at the time. He put out the shout for someone to deliver him two large pizzas and he’d pay them 10k bitcoin, someone took him up on the deal. Both happy parties.
It’s rumoured he did this a few times, so it’s potentially few hundred million dollars worth! .
The guy doesn’t regret it, it was of the time, fair play to him
The lesson here, 10 years on BTC is a real asset class. Selling now would be a bad life choice… we’ve 11 years history to dive into, Laszlo didn’t.
Sell the shit coins though!