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The Worst Investment of All Times? Bitcoin Pizza Guy Could Have Had $800 Million Today

The worst investment of all times? Bitcoin pizza guy could have had $800 million today

The Worst Investment of All Times? Bitcoin Pizza Guy Could Have Had $800 Million Today

Photo: marco verch / flickr

Photo: Marco Verch / Flickr

Do you remember the story about the pizza that cost 10,000 Bitcoins? To be more precise, there were two Papa John’s pizzas and it happened in 2010. The hero of the event was Laszlo Hanyecz, who is now more widely known as the “bitcoin pizza guy”. And just recently he has given his first televised interview since that moment.

Laszlo is a software engineer who became one of the earliest investors in bitcoin. And, like many other people who had joined that game early, he strongly believed that one day we would use BTC as the regular currency. Maybe that’s why he decided to buy pizza and pay for it in bitcoin?

The pizza guy became a real hero who had managed to prove that even at such an early stage everyday transactions using bitcoin could be successful. Given the current rates of bitcoin price which is around $8,000 it means that this guy spent nearly $80 million. It was rather expensive pizza, we should admit.

Nevertheless, Hanyecz didn’t stop at that point. Over the years, he has probably spent about 100,000 BTC on pizzas which could be $800 million today. But in his recent interview, he has noted that he doesn’t regret it.

“Are there nights you wake up “where you think, ‘I could have had $800 million… if I hadn’t bought those pizzas?’”, asked him the interviewer Anderson Cooper.

Hanyecz’s reply was the following:

“I think thinking like that is… not really good for me.”

Though he admits that he tries not to think how rich he could be now, he also points out that he is proud to have been a supporter of the cryptocurrency at its dawn.

He also highlights that his controversial purchases contributed to the legitimization of the cryptocurrency. Back in 2010, it wasn’t an easy task to buy stuff with bitcoin. And it was so not just because of its extremely low value but due to the fact that people just had no understanding what it was.

Huobi Is Celebrating BTC Pizza Day

Cryptocurrency trading platform Huobi Global has decided to join bitcoin Pizza Day celebrations as well. Today traders have an opportunity to buy the cryptocurrency at a discount rate on the exchange. The exchange is offering BTCs worth 1.5 million USDT in the frameworks of two special trading promos.

It has announced its plans to sell 20% of the promotional coin supply to the luckiest customers at 50% off bitcoin’s market price. The rest of the promo supply will be offered in the second promo round at 12% off the market price.

Today, on May 22, the entire crypto community is celebrating bitcoin Pizza Day. Cryptocurrency trading platform Huobi Global has decided to join the celebrations as well.  Today traders have an opportunity to buy the cryptocurrency at a discount rate on the exchange. The exchange is offering BTC worth 1.5 million USDT in the frameworks of two special trading promos.

It has announced its plans to sell 20% of the promotional coin supply to the luckiest customers at 50% off bitcoin’s market price. The rest of the promo supply will be offered in the second promo round at 12% off the market price.

Published at Wed, 22 May 2019 11:33:59 +0000

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China’s Biggest Exchanges to Add Ethereum, Other Altcoins as Demand Surges

As altcoins continue to gain popularity throughout the world, bitcoin exchanges in China are also getting in on the action and listing alternative cryptocurrencies.


Huobi to Support Altcoins

As the moratorium on cryptocurrency withdrawals is expected to soon end in China, exchanges in the country seem to be turning their attention to alternative cryptocurrencies. Two days ago, one of the big three exchanges in China, Huobi, announced it will launch Ethereum trading on May 31.

The announcement reads:

We are excited to announce the CNY/ETH will be listed on our exchanges. Trading will start at 12:00 May 31st (GMT +8). ETH deposit and withdrawal is available from now on.

Today, Huobi released a list of altcoins that are to be added in the future according to the rank of the coin in said list. According to Huboi’s underlying model, Ethereum, Litecoin and Ripple are the highest ranking coins following bitcoin, followed by Dash, Zcash and Dogecoin.

Online news service cnLedger tweeted:

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The list was ranked using a model created by Huobi which factors in the coin’s strategy, marketing, activity, risk and technology to calculate the relevance of the coin.

The list and underlying model can be seen in Huobi’s official announcement.

BTCC to Get In On the Action as Well

Huobi isn’t the only bitcoin exchange in China that is to list alternative cryptocurrencies.

After a two-week poll, in which over 190k votes by the cryptocurrency community were counted, Ethereum Classic will be listed in the BTCC exchange. Bobby Lee, CEO of BTCC tweeted:

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Although the exchanges employed a completely different method in which Huobi used a model to rank cryptocurrencies and BTCC used a community poll, both exchanges are interested in opening the doors for the Chinese community to invest in  alternative cryptocurrencies.

Huobi and BTCC, however, are not the first exchanges in the country to list alternative cryptocurrencies. The China-based Yunbi exchange allows users to buy and sell cryptocurrencies like Etherem, Ethereum Classic, Zcash, QTUM, Bitshares, and others. BTC38 also offers a multitude of cryptocurrencies to be bought and sold for CNY. Lastly, CHBTC also lists Ethereum, Ethereum Classic, and Litecoin.

Crypto in Asia

Although less-known exchanges in the country offer altcoin trading, most Chinese users are only familiar with bitcoin and Litecoin, given that most cryptocurrency investors use one of the big three exchanges in the country, BTCC, OKCoin and Huobi.

China plays a big part in the bitcoin world, ranking in the top 3 countries by daily trading volume but other countries in the continent are becoming increasingly interested in cryptocurrencies and it’s not just bitcoin and Litecoin.

Take Japan, for example, where the recent Bitcoin law has created an accentuated demand for cryptocurrencies, making the JPY the biggest Bitcoin pair in the world by trading volume and that’s not all. Other cryptocurrencies are also gaining traction in the country.

Co-Founder of IndieSquare and Community Director at the Counterparty Foundation, stated in a recent blog post:

First, one of the unique characteristics of the Japanese crypto space is that altcoins are very popular as a means of investment and some of them have very strong and dedicated communities; some even more active than the bitcoin community itself in a way. Among them, two of the most popular altcoins in Japan are XRP(Ripple) and XEM(NEM).

In South Korea, Ethereum and Ethereum Classic are also extremely popular, even more so than bitcoin whose daily trading volume is smaller than that of ETH or ETC.

With China adhering to the altcoin craze, could Asia become the capital for alternative cryptocurrencies?


Images courtesy of Shutterstock.com, Twitter 

The post China’s Biggest Exchanges to Add Ethereum, Other Altcoins as Demand Surges appeared first on Bitcoinist.com.

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