Buying Cryptocurrency, Coins, Funny, Trends

The $80mil pizza deal, – a Bitcoin meme.

It seems many visitors do not catch the “order us a pizza” reference mentioned in the “Contact Us” section, which is, basically, a platinum classic!

“May 22, 2018 marks the eight-year anniversary of the first Bitcoin transaction, in which a Florida man paid for two pizzas with the cryptocurrency. The day has become part of folklore, not because of the transaction, but more the price: the man in question paid 10,000 Bitcoins, which today is worth over $80 million, for the two pizzas.”

Source: https://www.investopedia.com/news/bitcoin-pizza-day-celebrating-20-million-pizza-order/

bitcoin pizza btc pizza bitcoin pizza meme
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“Ten thousand coins were then worth about $40 (£30). A British user agreed to buy the pizza for him, and even at the time the buyer got a good deal out of it: The person paid only $25 (£19) for the two pizzas.

And today, 10,000 bitcoins add up to about $100 million (£75 million).”

Source: http://uk.businessinsider.com/bitcoin-pizza-10000-100-million-2017-11

btc pizza satoshi pizza 10000 satoshi pizza for 10000 satoshi

Source: https://cointelegraph.com/news/bitcoin-pizza-day-8-years-later-where-can-you-buy-pizza-with-bitcoin


Note: the prices mentioned are historical. 

The Pizza story became a meme and rightly so. Unfortunately, it also became a brilliant FOMO (beware of FOMO!) tool used by dishonest marketers, promoting their currencies (somewhat similar to the “Apple share price” phenomenon). Buying into cryptocurrencies early worked for some, alas was ruinous for many.

Not all pizzas coins are created equal.