Baron's Crypto Trading Journal

Discussion in 'Journals' started by Baron, Oct 5, 2021.

  1. ElCubano

    ElCubano

    More importantly; PAPA JOHNS? cmon man. Is that considered pizza?
     
    #1241     May 22, 2023
  2. SunTrader

    SunTrader

    When you are late, late night desperate maybe but never PizzaSlut, Domi-nonos or bottom of the bottom Little Seizures. :D
     
    #1242     May 22, 2023
  3. It will come when the Tether bubble pops, the problem is getting the timing right :sneaky:
     
    #1243     May 22, 2023
  4. IMO ......Papa Johns is the best fast food pizza. And worth the 10,000 bitcoins.
     
    #1244     May 22, 2023

  5. How long did Papa John’s keep the bitcoin?
     
    #1245     May 22, 2023
  6. johnarb

    johnarb

    https://www.thesun.co.uk/news/15049566/other-bitcoin-pizza-jeremy-sturdivant-fortune-hanyecz/


    PIZZA THE ACTION
    Meet the other Bitcoin pizza guy Jeremy Sturdivant who got 10k coins now worth £250million in 2010 – and BLEW IT too
    • Published: 11:47, 24 May 2021
    • Updated: 15:38, 24 May 2021
    • THE man given Bitcoin now worth more than £250million for two pizzas has admitted he blew the loot too.
    Jeremy Sturdivant was just 19 when he struck a deal which should have made him rich beyond his wildest dreams.
    [​IMG]
    4
    Jeremy Sturdivant was just 19 when he struck a deal now worth more than £250mCredit: Linkedin
    He answered a message posted on the Bitcointalk chat forum in 2010 from very hungry crypto cash legend Laszlo Hanyecz.

    It read: "I'll pay 10,000 Bitcoins for a couple of pizzas.. like maybe 2 large ones so I have some left over for the next day.

    "I like things like onions, peppers, sausage, mushrooms, tomatoes, pepperoni, etc.. just standard stuff no weird fish topping or anything like that.

    "If you're interested please let me know and we can work out a deal."

    Sturdivant agreed to the deal and ordered two large supreme pizzas in return for 10,000 Bitcoin, which was worth only about £30 at the time.

    Today those coins would be worth a staggering £257,869,013.

    It is a fortune which could have bought him a private island, a luxurious mansion, and several private jets.

    Sturdivant now admits that not saving the Bitcoin was “certainly” a big regret but says at the time he was simply “facilitating a purchase”.

    The cryptocash disappeared when Sturdivant used it to "cover expenses" while travelling the US with his girlfriend.

    He later told the Telegraph: "If I had treated it as an investment, I might have held on a bit longer."

    Talking of the legendary pizza deal he said: “It seemed fair for both parties, low-risk, and well, who doesn't like some kind of pizza?"

    [​IMG]
    Laszlo Hanyecz insists he has absolutely no sleepless nights over his impulse purchase
    He said his only concern was how the pizza was going to be delivered to someone who lived on the other side of the US.

    "I didn't see Bitcoin as likely to completely collapse, though I had no idea how huge it would become," he said.

    “At the time of the famous pizza I would never have thought that the same number of Bitcoin would have a purchasing power on the order of real estate.

    "Retrospectively, simply having that much Bitcoin in one place is quite a crazy thought. Of course that wasn't notable at the time, as Bitcoin was just getting started."

    He added: “While I can't claim any responsibility for Bitcoin's success, I'm proud to have played a part in something that went from an interesting concept project to a global phenomenon so quickly."

    Amazingly, Hanyecz himself has no regrets over his impulse purchase one lunchtime 11 years ago.

    [​IMG]
    4
    The real cost of those 10,000 Bitcoin pizzas in today's prices
    He has said: "I don't regret it. I think that it's great that I got to be part of the early history of Bitcoin in that way.

    "People know about the pizza...everybody can kind of relate to that and be [like] 'Oh my God, you spent all of that money!'"

    The Florida man was an early contributor to Bitcoin’s software when it was barely a year old.

    He even coded a programme that made it possible for fans to mine the currency using their computer’s graphics cards (GPU).

    “I wanted to do the pizza thing because to me it was free pizza,” Hanyecz later explained.

    “I mean, I coded this thing and mined Bitcoin and I felt like I was winning the internet that day.

    "I got pizza for contributing to an open-source project. Usually hobbies are a time sink and money sink, and in this case, my hobby bought me dinner.

    “I was like, ‘Man, I got these GPUs linked together, now I’m going to mine twice as fast. I’m just going to be eating free food; I’ll never have to buy food again.’”

    Hanyecz believes his infamous fast food lunch even helped with the incredible explosion of Bitcoin.

    He told Cointelegraph: "I'd like to think that what I did helped. But I think if it wasn't me, somebody else would have come along. And maybe it wouldn't have been pizza.

    "But I think Bitcoin was kind of destined to get big, and I didn't know everything about bitcoin back then.

    "I had only been playing with it a couple months, and I figured out how to mine, I actually wrote the first GPU miner - and that's how I got all those bitcoins that I was kind of giving away."

    After the first transaction, Hanyecz would go on to do it many more times and spend a total of 100,000 Bitcoin on pizza that summer - now worth £2.5billion.

    Meanwhile, another video has emerged online of a Bitcoin trader spending what is now worth £500,000 of the currency on Domino's.
     
    #1246     May 22, 2023
  7. Hey @Baron

    Update if/when you have time?

    Still accumulating? Offloaded anything?
     
    #1247     Jul 9, 2023
    johnarb and The_Krakenite like this.
  8. Baron

    Baron Administrator

    Nope. Just holding tight. Although I am happy to see the rebound so far this year, I am still questioning if this level is going to stick. I'm only saying that because it seems like we really aren't out of the woods yet in regards to interest rate increases, so further downward pressure is a legit concern IMO.
     
    #1248     Jul 9, 2023
    VicBee, RedDuke, semperfrosty and 3 others like this.
  9. Thanks mate.

    Sounds good.

    I admit I'm more nervous than I felt I would be after an 80% improvement.haha

    Jeez,Saylor is talking BTC up though! if you listen to him,scarcity is already doing its job and the only way is north! haha.He is actually hoping things don't move north too quickly so that everyone can accumulate a bit more and save BTC being in the control of the ultra rich.
     
    #1249     Jul 10, 2023
    johnarb likes this.
  10. We have both the halving, with Blackrock flipping and many other institutions as well. Not to mention, Gensler is getting the crap kicked out of him in the courts and most have started to take sides against the SEC.

    Good times to go LONG... except for the risk of Tether implosion.
     
    #1250     Jul 10, 2023
    semperfrosty likes this.