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> People make all kinds of mistakes, sometimes very costly mistakes. For example, pizza-Bitcoin guy. The stories always talk about how he traded 10,000 Bitcoi
by adventured 6y ago
> People make all kinds of mistakes, sometimes very costly mistakes.
For example, pizza-Bitcoin guy. The stories always talk about how he traded 10,000 Bitcoins for two pizzas. That's only a small part of the story, what actually happened is drastically worse. He sold several times that many Bitcoins in other low-value transactions at the same time (some straight up for cash) and did the pizza trade more than once.
Pizza guy likely traded a minimum of 50,000 Bitcoins for less than a few hundred dollars of value. That's $1.6 billion presently at 50k.