So much has happened this week! We saw a capitulation point of bitcoin before bears took over and we saw the selling pressure push Bitcoin down toward the $9000USD mark then move back up above $9100USD So far it has been a stable hold, however we may see some more action within the coming weeks.submitted by IOTAbesomewhere to Gravychain [link] [comments]
Widespread scamming within the Twitter-sphere, Youtube and other platforms as Bitcoin and other cryptocurrencies may seem like fair game. Cryptocurrencies providing big payouts for scammers without the ability for reversals of accounts. Remember if something seems too good to be true, do some research or just plain do not respond/believe it. Stay safe and careful with your funds!
On the brightside, there has been even more adoption of cryptocurrencies as rumours of Paypal utilising cryptocurrency has been confirmed as they are developing crypto capabilities. In addition to this we received exciting news at the start of this week about Binance partnering with Swipe (SXP) and offering a debit card to spend BNB, SXP, BTC and BUSD. ( I will be keeping a swift eye on BNB and Swipe as its utilisation as tokens has just increased 43 fold).
Positive news for the Bitcoin network as its hashrate reaches all time high which helps to secure the network further even though mining profits have dropped by 50% from the recent halving. If you didn't know already the last Bitcoin will be expected to be mined in 2140 with its difficulty ever increasing and each time securing the network further. Processing units will have to become faster, stronger and most importantly more cost effective to continue to entice miners for the block rewards and further renewable energy practices.
Furthermore we can see Central banks and countries discussing and developing Central Bank Digital Currencies (CBDC). Read more about it here https://www.investopedia.com/terms/c/central-bank-digital-currency-cbdc.asp and check out some of the developments in the world above. This shows the popularity and strong nature of cryptocurrencies. As the saying goes "If you cant beat them, JOIN them".
Overall, very solid week full of adoption, animation and anticipation. Another post next week for a weekly round up! See you then but in the mean time join us at our Gravychain Discord.
- DISCORD LINK: https://discord.gg/zxXXyuJ 🍕 Bring some virtual pizza to share 🍕
Come have a chat, stimulate a discussion, ask a question or share some knowledge. We are all friendly crypto enthusiasts up for a chat, supportive and want to help each other with knowledge and investments!
Big thanks to our Telegram and My Crypto HQ for the constant news updates! - The Gravychain Collective: https://t.me/gravychain - My Crypto HQ: https://t.me/My_Crypto_HQ
When Bitcoin first appeared, no one really thought a Satoshi would have any real value. But on 22nd May 2010, Laszlo Hanyec bought a pizza for 10,000 Bitcoins. (1 Bitcoin then was at USD 0.0025) Today that pizza is worth $71,000,000 US Dollars. So how do you value the price of one bitcoin? One of the most famous purchases made with a Bitcoin was by someone who purchased a pizza for 10,000 Bitcoins. Since that time, the value of the cryptocurrency has been rising significantly and today, it is about $450 per Bitcoin. According to the current price, that pizza was probably the most expensive pizza ever. How can we track the real price of a Bitcoin? Let’s find out. Bitcoin Pizza day 22nd May. Bitcoin Pizza day is here and this offers a great opportunity to see how far we have come in 9 years. Tonight I will be attending a Pizza night with a large group of Bitcoin enthusiasts. I fully expect some heated debate as the different communities within Bitcoin, Bitcoin Cash and Bitcoin SV will all be eating and ... ‘The most expensive pizza purchase ever made’ story took place back in 2010 on May 22nd. On that day, Laszlo Hanyecz, a Bitcoin user, paid for pizza through Bitcoin. What makes this story exceptional is that he paid 10,000 Bitcoins for two pizzas from Papa John’s pizzas. His sharp hunger and access to Bitcoin to spend made this Hungarian guy, to use the BitcoinTalk forum to look for a ... To this day, this is the most expensive pizza in the world... EVER. You'll find how this happened and learn everything about this memorable event in this post: Bitcoin Pizza Day — the facts. May 19, 2020 May 19, 2020 OJ Jordan News. Where you can get the JUST airdrop for TRON holders. In April it was announced that on 20th May a new token - JUST (JST) - will be airdropped to all the ... Little did he know that will be, in fact, that this resulted in the most expensive pizzas ever bought. Today, that amount in Bitcoin is worth over $7 million. Better yet, if he would have kept the Bitcoin until the crypto market boom in 2017, he would have got somewhere around $70 million. The first Bitcoin transaction. The first block was added to the Bitcoin block on January 2009. Not long ... Below I will write down list of things ever bought by bitcoin. Pizza. Perhaps most popular bitcoin index is the pizza index which show todays price of pizza ordered in 2010. Someone bought 2 Pizza with 10.000 Bitcoins. Todays price one of this pizza is 5000x$4500=$22.500.000 and for both of them it will be insanely $45.000.000 USD Dollars The World’s Most Expensive Pizza. The two pizzas were purchased for 10,000 BTC in 2010, an amount of bitcoin then worth approximately $25 dollars is now worth a mouth-watering $75 million. The pizzas were ordered by Laszlo Hanyecz who paid a fellow Bitcointalk forum user to get them. The event is widely seen as the first occasion that Bitcoin ... In retrospect, this was quite a monumental transaction, and it also resulted in the most expensive pizzas ever. A ... Every year since that transaction, the bitcoin community remembers this event by celebrating Bitcoin Pizza Day on May 22nd. When bitcoin exchange Mt.Gox was struggling to stay afloat prior to their infamous collapse, then CEO Mark Karpeles wanted to prove that Mt.Gox was ...
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