Bitcoin Forum

I once bought baklava (a dessert) online using bitcoin.

-0.534 to be exact... That translates to $18k worth of bitcoin today.

It was 2013 but before the price hike.

I also bought a $400 amazon gift card for about .6 bitcoin That would be another $20k (I think I bought a cellphone with that)

So what little BTC I have I've held much tighter to it over the years. I'm working class by the way, I'm constantly in awe that I can have my own car free and clear and a roof over my head and that I can afford health and car insurance and rent.

I bought inventory for my online business with my bitcoin back in 2016, when bitcoin was still at around $700. Looking back, since my profit margins were only like 30%, I definitely could've earned A LOT more money if I just held, knowing that we're now in the $33k+ range.

Regardless though, even though I should've just used my fiat savings, the knowledge I've earned from starting that business(SEO, advertising, etc) was worth far more than the profit I could've earned by just holding bitcoin.

The talks lately were about bitcoin market and how one could earn huge today if only btc earn were being held up yo this moment. Everyone story has undergone a difficult decision making and that includes letting go of btc in the early days. I have too the same story but it is bad as what you think of. I bought bitcoin high and sell it low that was one of the dumbest decision making I ever made and regret over the period of time. And now regrets keeps coming back.

I earned from bounty and translation service with total amount in my address 5.1 BTC from 2014-2016 and i already withdraw it all when bitcoin around $573 per coin i dont know will be ATH in 2017 my account got hacked i dont know how to retrive it till 2020 and now i dont have it even 0.00000 all so yeah my LIFEEE is unpredictable  and watch another ATH with smile face :')

Not just how valuable bitcoin is over time, popularity, and breadth, this thread is depressing to be honest because you will reminisce on the bad decisions that you have done. Mine is a little different, I have known of bitcoin since I was in 8th grade and I was only fascinated by the enigma of satoshi, I could have accumulated a lot of bitcoin if my interest were in the right direction.

I used to have tens of BTC before. I used them in all kinds of expenses. I bought petty stuff with them, paid some bills without converting into fiat, paid debts, and so on. I cashed out some. I traveled with my BTC funds and so forth. I should already be kind of rich today if I didn't spend a Satoshi from my Bitcoin portfolio before.

But, well, I needed to spend some of it. And I was also carried away by certain price hikes which, on hindsight, were actually nothing but tiny steps compared to what Bitcoin has made in the past few days. Who would have thought, right? Bitcoin at $10,000 used to be unimaginable those days.

Pretty much the times where you bought something with bitcoin in the past when bitcoin's price was significantly lower than it's current price.

Context of the "pizza" moment: https://www.investopedia.com/news/bitcoin-pizza-day-celebrating-20-million-pizza-order/

All the memories when related to the Pizza bought during the very beginning days and what we've reached right now will make the early time spending and with zero wallet balance feel bad. I have an experience where I didn't buy anything, but lost more than 0.7btc in the previous year on gambling. When calculated with the current price it was around $25000 and my wallet is empty now.

I would not consider spending Bitcoin at the current price it was in the past a bad decision, especially as those transactions were what brought adoption to Bitcoin and exposed its use case as a MoE, leading to the price appreciation overtime. If every early adopter had held tight onto their stash and not spent a single Satoshi, chances are it would not be at the position it is now.
Also, if we are looking at future prices, every bitcoin sale is a bad decision. The price is $34k now, in 5 - 10 years, it would likely be way more than that, doesn't mean people who sell now should regret then, especially if you needed the purchased good or service.

It's funny they didn't link to the actual thread on the forum - Pizza for bitcoins? (https://bitcointalk.org/index.php?topic=137.msg1141#msg1141)

Everybody is surprised and happy to see Bitcoin prices skyrocketing and crossing $30k mark for the first time in history after ATH in 2017 when prices sparked around $22000 but now we are here after 3 years with charts turning green and lines rising above the graph with increased market valuation. Whosoever have spend it or used it might be regretting at this time because it had given more than 300% returns alone this year and I am one of the person who got influenced that it will not grow high anytime soon so the money I got from bounty campaigns in 2017-2018 I spend most of them buying various stuffs for me and enjoying just for a short span of time but now it's feel really bad not having much of them or say losing your wealth by 70-80.But still I am hoping for its betterment and again to come back in market and invest more of it and just to HODL until the prices reached another milestone this year.Spend wisely every btc because $1 worth of it could become $1000 who knows how fast but it surely will be at that point so be wise enough to keep up.

I think my combined gambling losses were around 0.2 but it pales in comparison to bad moves I've made. I guess that would be a completely different topic.

What I've learned is not to become discouraged just because I missed these opportunities. If you become discouraged you're never going to get back in the game. I wish I had learned that earlier. I'd have stacked a lot more sats.

You got it, buddy, who would have thought that Bitcoin, which was only worth pizza, has now reached $ 30k. there is no time travel in the real world, if there is I will buy 100 bitcoins in 2009. and I am also a little sorry because I know this forum is in 2016, which should have entered this forum in the range of 2013-2014, so knowledge about investment My bitcoin would have been honed if at that time I had learned about the crypto world.

one of the biggest problems in the crypto world is precisely because people always look at the price and therefore just want bitcoin to make Hodl (investment) and do not use bitcoin as a means of payment. in the news channels related to bitcoin the word "Rally" Is what more journalists like to use.

In my case I used bitcoin to buy a lot of things and honestly I'm not thinking "if I had held today I would have a lot of money". people who bought cars 40 years ago at price X today are seeing the same car being sold at the price of 2X, that is to say that it is normal for something to be valued over the years.

Bitcoin pizza is one of the historic event that had happen in bitcoin. It became a sensational event for bitcoin as for the record that bitcoin was use to buy pizza by one of the early bitcoiners.

Now, bitcoin pizza could become a new craze and that could let anyone buy pizza using bitcoin. Sad but here in our place there is no pizza willing to accept bitcoin as option of payment. Besides, bitcoin is so expensive at the moment and so hard to predict bitcoin market movement. Still, who do not like pizza BTW?

Nah, it's not worth living in the past.

I bought my computer with Bitcoin when the Bitcoin was relatively high, around $15 000. But today, my computer worth 50% less and Bitcoin is 50%+.

You are right about sharing the memories but others can certainly learn from our past mistakes just like how I have learn from the message post already by some members.

To be honest, I gamble once in a while and i haven't gambled for the last 3months but have lost BTC to MMM Japan investment ROI back in the year 2016 before the ATH price.

during 2014-15, i spent around 20 bitcoins on foodler. ::)

it was a food delivery app that eventually got bought out by grubhub. at the time, i thought it was a really cool way to spend my coins. currency of the future, amirite?!

every one of those $40 meals now cost about $3000. :D

i still have my deposit address bookmarked on a block explorer. i check it every long once in a while, when i need a reminder not to spend/sell all my coins!

I bought a budget gaming PC for around 1.2 BTC in 2016. But I have no regrets, because I still have enough coins to consider myself happy, and back then I though I still have enough coins to accumulate before "moon", which I in some sense did.


The important part that a lot of people miss is that Laszlo "the pizza guy" Hanyecz is an early adopter who worked on Bitcoin Core and corresponded with Satoshi, he probably still owns enough coins to live a happy life. This is the true lesson of "Bitcoin Pizza" - don't regret the past if you're doing great today.

I remember the time when I bought some gadgets because I really needed it.

I used Bitcoin in order for me to buy those things. I often spend some Bitcoins to buy some stuffs that I don't need and that is around end of 2017-2018. Time when the market is bleeding very hard. I don't feel regret at the present since I didn't expect for Bitcoin to be at this price and we don't know what can happen in the future right :D.

What goes around, comes around ... !?


Meet the Man Who Spent 10,000 BTC on Two Pizzas ...
- https://blog.coinmarketcap.com/2020/05/23/meet-the-man-who-spent-10000-btc-on-two-pizzas/

...

Original bitcoin.org FAQ - snapshot Jan 14th 2010

- https://web.archive.org/web/20100114172032/http://www.bitcoin.org/node/1#What_is_Bitcoins_value_backed_by

Excerpt;

... "What is Bitcoin’s value backed by?

Bitcoin is valued for the things it can be exchanged to, just like all the traditional paper currencies are.

When the first user publicly announces that he will make a pizza for anyone who gives him enough Bitcoins, then he can use Bitcoins as payment to some extent - as much as people want pizza and trust his announcement. A pizza-eating hairdresser who trusts him as a friend might then announce that she starts accepting Bitcoins as payment for fancy haircuts, and the value of the Bitcoin would be higher - now it would be backed by pizzas ''and'' haircuts. When Bitcoins have become accepted widely enough, he could retire from his pizza business and still be able to use his Bitcoin-savings.

Currently, Bitcoin is in beta development stage, and some new features need to be implemented before the system is well suited for real use. The system already works on the basic level, though, and you can trade with it if you want to." ...

 ;D

...

"Pizza for bitcoins?" - May 18, 2010
- https://bitcointalk.org/index.php?topic=137.0

- https://bitcointalk.org/index.php?topic=137.msg1153#msg1153

- https://bitcointalk.org/index.php?topic=137.msg1183#msg1183

...

The Broken - Episode 1
- https://youtu.be/tNjoo9TuCHY?t=551

 :D

We are actually the same, since I've learned about cryptocurrency, it changes me and my way of thinking about money. At first, I thought crypto was just a kind of game because my friends are talking about it. I'm so curious about it so I ask them what are they talking about, they are really experiencing difficulty explaining but when I tried creating an account on this forum and continue to read about certain things that involve crypto, I am learning as time passes by, and now, I bought a lot of things that I want because of bitcoin. I can go to the places that I want with my friends. I am thankful that I have friends that are wise.

I left a CPU miner running on my email & webserver VPS (back when Bitcoin was fairly new and worth nothing).  I managed to solo-mine 50 BTC, but forgot about it for a while.

Back in 2013, when BTC was around $13 and I was a n00b in this forum, I used most of that 50 BTC to buy a used Radeon HD 6870 (to do some GPU mining) and a couple of Butterfly Labs coffee-warmer ASIC miners.  I still have these, though they're all idle as none of them are economical to mine with nowadays.  (The GPU, at least, was still powering my work desktop until it got upgraded a few months ago.)

If I'd held onto those 50 BTC, they'd now be worth the better part of $2 million.

Mining proceeds mostly went into a few silver purchases at first, then into buying more ASIC miners (fastest I ever bought were a couple of Antminer S1s).  None of them are economical to mine with now, so they're as much paperweights as the BFL miners.

In 2017, I decided to have another go at GPU mining and built a rig with four GeForce GTX 1070s.  In about a year, it mined enough to pay for itself.  In the recent runup in value, two things have happened: (1) it's once again profitable to run the rig (fired it up again last night, and it's supposed to clear $300 or so per month even with power at 12¢/kWh) and (2) the proceeds from the last round of mining have appreciated enough that they'll go a long way toward paying off my mortgage.  I've also bought and held some BTC, so I'll probably only put 50-60% of current holdings toward the mortgage and let the rest of it continue to appreciate.

Oh boy :-) I've spent many a bitcoin.

And I've been looking at some past purchases so I can pull this from Overstock it wasn't my first or last...

Monday, August 25, 2014 I spent $102.98 usd @ overstock.com on a vacuum cleaner, Wounded Warrior Project and Best Friends Animal Society donations.
They don't list in btc but I'll post an update if I ever run into the transaction.



I don't remember the exact price of btc at the time but here is a headline from Coindesk for perspective...

"Bitcoin Price Passes $570 for First Time Since August 2014" -  CoinDesk.Jun 3, 2016

Our paths were similar, although I wasn't as early as you.

I did pool mine a tiny amount of BTC using my laptop, even cpu mining, but that era was long over when I first got into bitcoin. So I wanted to mine a ton of BTC. I pre-ordered a BFL Little Single. I thought I'd mine a lot of bitcoins rather than buying them. 10 months passed before I could even get my mining rig. The first halving came and went really fast, and by the time I got my mining rig it could only mine like 0.2 BTC per day.

I still mined a little bit but I also f'd around mining altcoins and even nothing at all at times. I got really discouraged by the whole BFL thing.

And it's all my fault too, I could have done some due diligence and found out that BFL was run by a long-time scammer. If I knew that I'd probably outright buy bitcoins or choose another ASIC vendor.

I did also do some silver purchases just like you. But unlike you I threw a bunch of coins into a canal one day when I was really depressed. I guess I could go diving in the muck with a waterproof metal detector.



If you used Bitcoin Core you can definitely find the transaction. I think it saves them in the wallet.dat so if you still have backups from that time, or are using the same wallet you can look at all the transactions and even sort them chronologically or buy amount.

I used many wallets (also used Coinbase) and typically would have a different address for each mining pool.
It's been a couple years since I've spent anything so for the last week I've been trying to get Armory fired up---aaaaand of course there are newer versions of core and Armory but I'm going to see if it can be "the easy way" first before installing both updates. We'll see how that goes  :)

Ever since I joined this forum way back in 2017, I am fortunate enough to have participated in campaigns as early as a Jr. Member.

Back then, 1 btc was equivalent to around $4,000-$5,000 and it stayed that way for a couple of weeks. I needed to purchase books and study materials, so I converted most of my earnings to fiat via our local wallet exchange.

When I had around $150 worth of bitcoins at that time, a friend of mine introduced me to USI-TECH and he showed me his local wallet amounting to around 120 btcs. He told me that he invested 50% of his btcs and gained 30% every six (6) months.
Being young and naive, I quickly invested all of my btcs and bought their so called 'packages' (I even attended a seminar about USI-TECH and met the developers here in our country). For four (4) months, I saw my btcs increased but at the day of the deposit, their website crashed and I lost all of my invested btcs.

If I had only known back then what I know now, my 0.025 btcs in 2017 ($150) could have been $1,000 now. Learning is indeed the best experience.

Yeah, I've made a lot of mistakes too. Here's  a McDouble mistake I made. I donated 0.5BTC to a relatively new exchange, so I'd never pay fees in the future. I also held some litecoin and left it on that exchange (about 15) and a few more insignificant alts (not a lot of value).

Flash forward about a year and the people who run the exchange claimed the were hacked and then promptly disappeared. I remember there were other people on the forum that wanted to straight up kill them. They used their real names and there was even some video footage if I remember correctly. I don't think these people set out to do a scam, their exchange worked great, I don't know what went wrong but it was definitely a mistake leaving funds on an exchange.