April 7, 2021 1:32 AM PDT
Bitcoin price has seen some serious volatility ever since Elon Musk
revealed on Twitter that his company Tesla would begin accepting Bitcoin
as a form of payment.To get more news about [url=https://www.wikifx.com/us_en/]WikiFX[/url], you can visit wikifx.com official website.
Almost immediately, the social media platform was filled with
screenshots of those filling orders, but these eager buyers ready to
exchange their coins could end up living with enormous regret. Heres how
two delicious pizzas fit into that puzzle, and why even something more
valuable like a Tesla could still be a bad purchase in the end.
How Spending BTC On A Tesla Could Be An Enormous Mistake
This week, Tesla and SpaceX CEO and Founder Elon Musk revealed the
green car auto maker had enabled the companys website to accept Bitcoin
as a form of payment for the vehicles offered.
The internet was set abuzz with the news, and the price per coin
soared initially. A rejection at resistance shook up the market for a
brief stint – ahead of this weeks historic options expiration.But as
crypto bull Max Keiser points out, ten years from now, people will be
shocked that someone was foolish enough to have spent a whole Bitcoin on
a Tesla.
The comment isnt meant as an insult to anyone taking the plunge and
buying a Tesla with their coins, but is a reality that hindsight might
end up making the purchase a regrettable one. Returning a Tesla is also a
catch-22 for those paying in BTC.
The One Time Eating Pizza Was Regrettable, But Without It Bitcoin Might Not Be
On May 22, 2010, Laszlo Hanyecz announced via the BitcoinTalk forum
that he had successfully purchased two pizzas in exchange for a total of
10,000 BTC.
At the time, the coins were worthless by all standards, not even yet
trading for a penny each. In his mind, he was getting a great deal and
making history by completing the first ever documented transaction for
goods involving Bitcoin.Laszlo Hanyeczcspent 10,000 BTC on pizza, now
worth around half a billion USD | Source: BTCUSD on TradingView.com
Today, those 10,000 BTC are worth half a billion dollars, making those
two pizzas the most regrettable pizzas of all-time. Even someone who
got food borne illness from a pie, would have less lasting impact than
wondering what could have been.
A Tesla now costs nearly a full coin – which is a heck of a lot more
valuable than two pizzas. However, given how fast cars depreciate the
moment they‘re driven off the lot, and how far Bitcoin could ultimately
climb in years to come, could make buying a Tesla with BTC just as
regrettable as Laszlo’s transaction in 2010.
In ten years‘ time, people could be appalled by the idea of spending a
full coin on a car. The major difference between these people and
Laszlo, is that he’s a pioneer that will forever by synonymous with the
history of the cryptocurrency, potentially being a primary factor in its
development into what it has become today.
Who knows, without his proof-of-concept purchase of two pizzas, the
technology might have failed to gain mainstream adoption. And while
buying a Tesla is cool and all, theres nothing more recognizable than a
delicious pizza pie.
Bitcoin price has seen some serious volatility ever since Elon Musk
revealed on Twitter that his company Tesla would begin accepting Bitcoin
as a form of payment.To get more news about [b][url=https://www.wikifx.com/us_en/]WikiFX[/url][/b], you can visit wikifx.com official website.
Almost immediately, the social media platform was filled with
screenshots of those filling orders, but these eager buyers ready to
exchange their coins could end up living with enormous regret. Heres how
two delicious pizzas fit into that puzzle, and why even something more
valuable like a Tesla could still be a bad purchase in the end.
How Spending BTC On A Tesla Could Be An Enormous Mistake
This week, Tesla and SpaceX CEO and Founder Elon Musk revealed the
green car auto maker had enabled the companys website to accept Bitcoin
as a form of payment for the vehicles offered.
The internet was set abuzz with the news, and the price per coin
soared initially. A rejection at resistance shook up the market for a
brief stint – ahead of this weeks historic options expiration.But as
crypto bull Max Keiser points out, ten years from now, people will be
shocked that someone was foolish enough to have spent a whole Bitcoin on
a Tesla.
The comment isnt meant as an insult to anyone taking the plunge and
buying a Tesla with their coins, but is a reality that hindsight might
end up making the purchase a regrettable one. Returning a Tesla is also a
catch-22 for those paying in BTC.
The One Time Eating Pizza Was Regrettable, But Without It Bitcoin Might Not Be
On May 22, 2010, Laszlo Hanyecz announced via the BitcoinTalk forum
that he had successfully purchased two pizzas in exchange for a total of
10,000 BTC.
At the time, the coins were worthless by all standards, not even yet
trading for a penny each. In his mind, he was getting a great deal and
making history by completing the first ever documented transaction for
goods involving Bitcoin.Laszlo Hanyeczcspent 10,000 BTC on pizza, now
worth around half a billion USD | Source: BTCUSD on TradingView.com
Today, those 10,000 BTC are worth half a billion dollars, making those
two pizzas the most regrettable pizzas of all-time. Even someone who
got food borne illness from a pie, would have less lasting impact than
wondering what could have been.
A Tesla now costs nearly a full coin – which is a heck of a lot more
valuable than two pizzas. However, given how fast cars depreciate the
moment they‘re driven off the lot, and how far Bitcoin could ultimately
climb in years to come, could make buying a Tesla with BTC just as
regrettable as Laszlo’s transaction in 2010.
In ten years‘ time, people could be appalled by the idea of spending a
full coin on a car. The major difference between these people and
Laszlo, is that he’s a pioneer that will forever by synonymous with the
history of the cryptocurrency, potentially being a primary factor in its
development into what it has become today.
Who knows, without his proof-of-concept purchase of two pizzas, the
technology might have failed to gain mainstream adoption. And while
buying a Tesla is cool and all, theres nothing more recognizable than a
delicious pizza pie.
