The 19 Million Dollar Pizza
A lot of us have probably heard this story. In the early days before Bitcoin was even exchangeable, it was worthless to the outside world. This one guy tried to pay for his pizza with Bitcoins. This pizza shop from the outside world ended up accepting 10,000 Bitcoins for those pizzas. They were both happy I guess. After all, A deal is a deal. I have no idea if the pizza shop had held on to those Bitcoins. If they did, they don't need to bake pizzas anymore. With the Bitcoin price shooting through $1900 lately, those couple pizzas had made them over 19 million dollars. That's if they had held on to it. How many of us would have? I discovered Bitcoin when it was below $100. And I thought that was too expensive to get in. At that time, other alternative crypto currency was starting to emerge. They were easy to mine and cost next to nothing to buy. After a little bit of research, I picked one coin that I think is suitable for me----Solarcoin. I picked Solarcoin because it is backed by solar power generated. I have a 5k solar roof and for every MWh generated one Solarcoin can be claimed. That would be extra incentive I can get with my solar roof. So I started looking into it and I found out I got much more if I mine the coin myself. I built a computer with two video cards that mined about 20 coins per day. My computer worked hard for a whole year and I finally stopped it. Because a year later there were exchange sites for us to trade Solarcoin. I bought a whole bunch more and just let it sit there. That was two years ago. A lot of you might want to know, how did it do. Well, let's do some math. Most exchange sites use Bitcoin to trade Solarcoin. I started at a ratio of 1 to 20,000 coins. And today the ratio drop to under 10,000. My Solarcoin is doubled against Bitcoin. And the story doesn't end here, the price of Bitcoin grew eight times since I traded it. So my investment have actually multiplied by more than 16 times against the dollar in a few years. Not bad? Not quite. A lot of the experts predicted Bitcoin price to shoot over $10,000 or even $100,000. And the ratio between Bitcoin and Solarcoin to drop down to 1:1000. That is a potential 500x gain. Just think if you eat a few less Pizzas and turn the money into Solarcoin, will it become the next 19 million dollar pizza story in ten years.
There are more Bitcoin heart break stories than you can shake a stick at hehe.
Woah, I guess the owners didn't expect this day would come.
I wouldn't even use 10000 Solarcoins to buy pizzas back then. It took me a whole year to mine that many.
Just a few months back, came a coin, Lunacoin. Did you try that too!!!
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