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A Bitcoin is now worth $200. Did I mention that someone used 300 Bitcoins last week to buy a Porsche? And then there's the Bitcoin Pizza ...

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Receipt for the Porsche Cayman S bought with 300 Bitcoins ($39,000) on April 3, 2013:

Texas Family Sells Porsche For Bitcoins - Business Insider

On April 3, Bitcoins were worth $130 apiece. Today (April 9) they are worth $200 apiece.

Which means that Porsche ACTUALLY cost $60,000. Ouch.

Texas Family Sells Porsche For Bitcoins - Business Insider

Reddit discussion:

Bitcoins used to be worth less than a penny each.

Mt. Gox Reveals How Volume And New Accounts Are Exploding - Business Insider

Did I mention that the U.S. government could outlaw Bitcoins, which would send their value to zero.

Source is 11 Things You Might Not Know about Bitcoin:

It's also helpful to see that three years ago (April 2010) Bitcoins were worth 0.3 CENTS each:

The Basics On Bitcoin 11 Things To Know About This Suddenly Hot Digital Currency Currencies Minyanville s Wall Street

Bitcoin $200 means we're halfway to Henry Blodget's price target of $400:

Mother of God.

Bitcoin ended the day at $234.

Especially given that just three years ago, Bitcoins were worth one-quarter of one cent.

It was at this price when, according to Internet lore, Jacksonville resident Laszlo Hanyecz purchased a pizza for 10,000 BTC, or $25.

Vice's Brian Merchant actually had this story several days ago. But the pizza was then only worth $750,000.

Here's Hanyecz' original post, from

I'll pay 10,000 bitcoins for a couple of pizzas.. like maybe 2 large ones so I have some left over for the next day.  I like having left over pizza to nibble on later.  You can make the pizza yourself and bring it to my house or order it for me from a delivery place, but what I'm aiming for is getting food delivered in exchange for bitcoins where I don't have to order or prepare it myself, kind of like ordering a 'breakfast platter' at a hotel or something, they just bring you something to eat and you're happy!

I like things like onions, peppers, sausage, mushrooms, tomatoes, pepperoni, etc.. just standard stuff no weird fish topping or anything like that.  I also like regular cheese pizzas which may be cheaper to prepare or otherwise acquire.

If you're interested please let me know and we can work out a deal.



As user The_egg_came_first points out on Reddit, that pizza has now cost the original purchaser over $2 million at today's prices.

At the time, Hanyecz updated a series of photos proving the purchase — here's one:


This episode is a big lesson and a big cautionary tale: Anyone transacting in Bitcoin is liable to feel like an idiot the next day, as the price surges or collapses.

Source is Rob Wile:

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