What's the stupidest thing you have bought for BTC in the past ?

[stomachgrowls]

There's no such thing as a stupid BTC purchase. Bitcoin is money, if you wouldn't regret spending US dollars on something, you shouldn't regret spending BTC. No one could have predicted how high Bitcoin will get in all these years. You just need to have a clear strategy. If you view Bitcoin as your savings account, try to replace whatever you are spending. If you're okay with taking profits right now because you want to buy something, then don't regret it in the future.

I agree!

No one knows that bitcoin would really go high like this but somehow it cant really be avoided that you wouldnt have regret that you had spent those coins into something which isnt that much important but
since it is really meant to be spent then its not right that you would really stress out yourself to look back in the past.

Important thing is that you do bought on what makes you happy even though it such a waste or missed opportunity on not to held for long but at least you have gain or benefit something from it.

Not a good idea on looking back to the past and its better to move on.

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[Rajamuda]

It does look like a stupid thing when looking at the current price, everything seems to be wasting one great opportunity.
Well for me personally when I thought that Bitcoin would not get this far and as great as it is now, just selling it at a very low price + spending it without thinking that this is an important thing that must be held from the past until now. Let's move even greater and learn more from experiences

[traderethereum]

2BTC for a pizza ? 10BTC for a video game ?
Whats the stupidest thing you have done with BTC in the past , and how much did you spend ?

This one should be interesting.

This thread got many responses , all are great ! Edit 6.9

The stupidest thing that I have done with BTC is not buying bitcoin at the very lowest price as I do not realize how big bitcoin will be in the future, so I do not even think to buy a lot of bitcoin at that time.
While I have some Bitcoin in my wallet, I send it to the exchange (Poloniex at that time) and sell it at below $1,000 and never held for some amount in my wallet.
I think many of us have done the stupidest thing with BTC and we now can only regret it because we can not turn the time back.
But we still have many chances to buy Bitcoin while the price does not increase so high because when the price is already at the very highest price, it will be difficult to buy bitcoin, even for just small satoshi.

[swiftbits]

I do think those early members can relate to this. But looking backward on all my purchases, I can't think of something that didn't provide any benefits in return, I didn't just get the ease of transactions with bitcoin, I also do get discounts from some platforms that I use. The only negative that I could think of is how I did use it to invest in high-yield investment programs.

[bitterguy28]

What makes it stupid wasn't concerning the bitcoin price per se, but the fact that I barely had money back then(that $400 was probably like half of my total personal money in total), and the fact that a $400 was totally unnecessary at that time.

Yet you bought that watch ? yeah that made the story more stupid and that is what this post is all about , good that i never had such action towards my spending because i value my money a lot and surely made decision in what i only need for important matter. and I'm sure you learn a lot from that mate  

I do think those early members can relate to this.

While i regret not knowing bitcoin that early ? yet some times i felt lucky because if i had here those time? maybe i will have same story like those above  

But looking backward on all my purchases, I can't think of something that didn't provide any benefits in return, I didn't just get the ease of transactions with bitcoin, I also do get discounts from some platforms that I use. The only negative that I could think of is how I did use it to invest in high-yield investment programs.

my regret is why need to sell my bitcoin earlier before the hype lol.

[swiftxi]

If you online gambled away $1,000 worth of Bitcoin today is actually $1,000,000 worth of Bitcoin 20 years from now.
You basically gambled away one million dollars worth of Bitcoin based on the crypto markets 20 years from now.

This could be true. 50.000 Is still low however it is unreachable for many people in poorer places.

[ChiBitCTy]

I don't know that I've ever really bought anything "stupid" with bitcoin before, but I have spent a lot of bitcoin on things that I wish I would have used fiat for.  I did buy allergy medicine online once using bitcoin and that is when Conbase (Coinbase) banned me because of it.  They deemed it to "not fit their guidelines"..whatever the hell that means.  I don't know if I would consider that stupid though.

[irsykes]

2BTC for a pizza ? 10BTC for a video game ?
Whats the stupidest thing you have done with BTC in the past , and how much did you spend ?

This one should be interesting.

This thread got many responses , all are great ! Edit 6.9

Not buy something directly with bitcoin, but in past i sell some for daily living. But what to be important thing is, although maybe i sell it in cheap price. Really cheap price compared than now, a lot of people from what i know is did same thing too. Nobody can't predict if bitcoin can be this high, and most of them is only speculation with positive hope that bitcoin will have really high price.

[avikz]

2BTC for a pizza ? 10BTC for a video game ?
Whats the stupidest thing you have done with BTC in the past , and how much did you spend ?

This one should be interesting.

This thread got many responses , all are great ! Edit 6.9

Thankfully I did not purchase anything using my precious bitcoins. But the stupidest thing I have done is to convert them into fiat money at various price points below 10k. I would have got 5 times more fiat money if I had done it today. So I consider those acts as pure stupidity.

We all need to understand that bitcoin is an accumulation game! The more you accumulate, the betterbyour future will be. So don't convert them to fiat now. Comvert them only when you are planning to retire.

[tyz]

Interesting and amusing answers so far!

I bought a shopping voucher worth $200 for 1.25 Bitcoins back in 2014 when Bitcoin was round $150. It was after the first big pump (end of 2013) when Bitcoin first reached $1000 and then collapsed down to around $130. So, I almost hit the very low when I bought my voucher

[swiftxi]

Interesting and amusing answers so far!

I bought a shopping voucher worth $200 for 1.25 Bitcoins back in 2014 when Bitcoin was round $150. It was after the first big pump (end of 2013) when Bitcoin first reached $1000 and then collapsed down to around $130. So, I almost hit the very low when I bought my voucher

And I bet you were happy at the time thinking how a nice purchase you've made. 

[NelfiNovita]

In the past I never bought anything non-essential from bitcoin, I always bought something really useful because I didn't want to waste my bitcoins on non-essential purposes. i don't sell all the bitcoins i have even i buy bitcoins when the price goes down. I see a lot of bitcoin holders on this forum who used bitcoin for unimportant things in the past and now they are regretting what they have done.

[qwertyup23]

2BTC for a pizza ? 10BTC for a video game ?
Whats the stupidest thing you have done with BTC in the past , and how much did you spend ?

This one should be interesting.

Every time I remember the time I spent most of my BTCs back in 2017, it still pains me until this day!

As someone who grew up with a single father of a family of five (5), resources were scarce. When my friend introduced me this forum, I was able to participate into different campaign signatures that tremendously helped me in providing for my own study resources. Though I spent it to some books, there were times that I also spent in on buying in-game cosmetics in different games. If I was able to save it, I would have more BTCs now which could potentially buy my father a new car.

[BIT-BENDER]

Buying something/whatever you wanted to buy with Bitcoin can't be stupid, I haven't even bought anything stupid with Fiat, also the Pizza story, although in today's world the guy may look like a stupid loser, but backward it to his time he craved for a Pizza and Bitcoin was what he could use to get it, that's not stupidity in my thoughts.
I think the question will expose those who haven't been using Bitcoin often for purchase, because it's hard to remember what you bought if you use Bitcoin constantly for purchase.

[swiftxi]

Buying something/whatever you wanted to buy with Bitcoin can't be stupid, I haven't even bought anything stupid with Fiat, also the Pizza story, although in today's world the guy may look like a stupid loser, but backward it to his time he craved for a Pizza and Bitcoin was what he could use to get it, that's not stupidity in my thoughts.
I think the question will expose those who haven't been using Bitcoin often for purchase, because it's hard to remember what you bought if you use Bitcoin constantly for purchase.

Well ofc, the story of buying a "pizza" in 2008 with btc was something very interesting even then.In a different perspective to today.Back then people thought they might get jailed for using a digital currency .Amazing

[Ultegra134]

There are quite a few replies of people mentioning that Bitcoin is money that should be used, while I agree to a certain degree, it's advised to see it from the other point of view too. Let's suppose that you were the one that spent all your BTC to buy the same pizza you could have bought for $10, you'd definitely regret doing so.

My experience wasn't that significant, however, I'd prefer if I had used my PayPal account. A few years ago, I bought two Minecraft accounts, worth approximately $10-15 at most. The amount of BTC I spent back then would now be worth a few thousand dollars.

[swiftxi]

There are quite a few replies of people mentioning that Bitcoin is money that should be used, while I agree to a certain degree, it's advised to see it from the other point of view too. Let's suppose that you were the one that spent all your BTC to buy the same pizza you could have bought for $10, you'd definitely regret doing so.

My experience wasn't that significant, however, I'd prefer if I had used my PayPal account. A few years ago, I bought two Minecraft accounts, worth approximately $10-15 at most. The amount of BTC I spent back then would now be worth a few thousand dollars.

If you spend money on necessities, it doasent matter if you use btc, eth ,fiat, gold ,trade a goat , whatever.Money you put aside to invest is and should be considered an investment which you can afford to make and keep aside from other things.The fact that many didnt have enough to invest so they used whatever they could for necessities is a thing.

[sunsilk]

The example isn't stupid at all, if it's not for the laszlo's pizza, there will be no courage for the others to make transactions for bitcoin. Well, for me, whatever I've bought in the past with bitcoin, I don't want to think of it as stupid. As long as I get to use it and it's really something that helped me out, there's no regret.

Most of the things that I've bought in the past with bitcoin were gifts to my parents so that really makes sense and it's not stupid at all with those purchases I've made with bitcoin.

[EdenHazard]

Bought an old car worth $5k back in 2014 while i could get a brand new huracan plus a penthouse.
sigh ... such an annoying shit if you talk something like this and keep looking back to imagine the 'what if' 'if only' .. never ending daydream ...

annoying and fun at once dammit , stupid af.

[Ultegra134]

There are quite a few replies of people mentioning that Bitcoin is money that should be used, while I agree to a certain degree, it's advised to see it from the other point of view too. Let's suppose that you were the one that spent all your BTC to buy the same pizza you could have bought for $10, you'd definitely regret doing so.

My experience wasn't that significant, however, I'd prefer if I had used my PayPal account. A few years ago, I bought two Minecraft accounts, worth approximately $10-15 at most. The amount of BTC I spent back then would now be worth a few thousand dollars.

If you spend money on necessities, it doasent matter if you use btc, eth ,fiat, gold ,trade a goat , whatever.Money you put aside to invest is and should be considered an investment which you can afford to make and keep aside from other things.The fact that many didnt have enough to invest so they used whatever they could for necessities is a thing.

How is buying a game account a necessity though? I could have easily paid via PayPal or used a credit card instead of spending BTC. I'd prefer I hadn't spend that BTC for such cause, not that regretting it now changes anything, but Bitcoin nowadays, could be considered as digital gold.

Would you spend gold now to buy something like a Minecraft account? Because I wouldn't.