Celebrating Bitcoin breaking $100 in 2013.

Context/Details: Bitcoin enthusiast Isaac Miller has been steadfastly holding (HODLing) Bitcoin since 2013, showcasing a remarkable commitment to the cryptocurrency. Bitcoin's journey began with its whitepaper in 2008 and the mining of the first block by Satoshi Nakamoto in 2009. It gained significant attention in 2010 when Laszlo Hanyecz made the first notable commercial transaction, purchasing two pizzas for 10,000 BTC. In 2013, Bitcoin achieved a significant milestone, crossing the $111 mark. Miller documented this event in a video, expressing his excitement and belief in the potential of Bitcoin. This period highlights a common investor behavior known as the disposition effect, where individuals tend to sell assets at their peak value out of fear that the gains might be temporary. Confirming his long-term investment strategy, Miller released a video nine years later, stating that he not only held onto his Bitcoin but also continued to purchase more. I provide context and detailed explanations under similar posts. If you enjoy the insights and would like to keep receiving them, please consider following. Your support means everything to me!

Bro is definitely a millionaire if he didn’t sell

That is a Majestical Beast 🔥🔥

@DonHaci

Dude is probably a billionaire now

The first documented purchase of a tangible good or service with Bitcoin (BTC) was made by Laszlo Hanyecz in May of 2010. Hanyecz posted to an online forum that he would pay someone 10,000 Bitcoin for them to order 2 pizzas from Domino’s to his house for him to enjoy with his family. A forum member that went by the handle jercos used Internet Relay Chat to message Laszlo and they two made the deal happen. Jercos had 2 pizzas delivered to Laszlo’s house, and in exchange received the 10,000 Bitcoin, worth around $41 at the time. Today, Laszlo’s $41 worth of BTC he spent on pizza would be worth over $400 million.

Dogs doing skipping, the jumping is cool 🫣🤣🤣

The Interceptor game (1980) Casio GM-20 Game Watch

An interview with Laszlo Hanyecz, who in 2010, purchased two Papa Johns pizza's using 10,000 Bitcoin. 10,000 Bitcoin is currently worth over $430M.

In 2014, rapper 50 Cent accepted Bitcoin as payment for his album "Animal Ambition." At the time, the cryptocurrency was valued at around $662 per Bitcoin. Fans could purchase the album for a fraction of a Bitcoin, and reports suggest that 50 Cent made about 700 Bitcoins in sales, totaling approximately $463,000 at that time. Fast forward to 2018, and those 700 Bitcoins would have been worth millions of dollars given the cryptocurrency's surge in value. However, there was some controversy surrounding whether 50 Cent actually held onto the Bitcoins or converted them to U.S. dollars immediately. In a later bankruptcy filing, 50 Cent admitted that he had not actually held onto the Bitcoins, contradicting earlier social media posts where he seemed to confirm the windfall.