GET THE LATEST REVIEWS AND WARNINGS           

Home NEWS Monumental Bitcoin Transactions
Monumental Bitcoin Transactions

Monumental Bitcoin Transactions

175
0

Monumental Bitcoin Transactions

May 22nd , 2017  marked the 7th anniversary of the monumental bitcoins transactions era starting with “The Pizza Day”.

Probably the most expensive couple of pizzas ever to be recorded in global history. Lazlo Hanyecs spent 10,000 Bitcoins for a couple of pizzas at Papa John’s. Those pizzas today worth have been worth 25 Million dollars and the cost is still rising.

In retrospect, this is not just about the value of the pizzas, but the transaction itself marked the beginning of monumental bitcoin transactions.

So for those yet to be converted to the value of Bitcoin, we are going to look into some of the most monumental Bitcoin transactions recorded in the past 7 years.

The number of daily transactions via Bitcoin has risen from under 6000 in 2012 all the way to 350,000 daily transactions today.  And judging by the trend, we could be looking at an exponential growth in the coming years.

Monumental Bitcoin Transactions
Image Courtesy of CoinDesk

Most Monumental Bitcoin Transactions Recorded

Naturally, we already mentioned of the monumental bitcoin transactions to be ever recorded in the history of the cryptocurrencies.  It is important not just in terms of value, but the fact that Lazlo Hanyecs wanted to prove that Bitcoin could be transacted as a value for goods.  And manage he did!  A most definite first in monumental Bitcoin transactions!

However, since then, there have been quite a few whopping transactions. These are noteworthy either because of the nature of the transaction or the value of the transaction.

Notorious or legit – here are some of the monumental Bitcoin transactions to be recorded in the past 7 years.

This is history writing itself and who knows what we could add in the coming years.

 

Bitcoin for Iconic Cars

It seems like poetic justice that one of the most iconic in futuristic cars should be paid with a futuristic cryptocurrency!  The Tesla Model S was purchased in December 2013 for the equivalent of $103,000 in Bitcoin. The payment was processed by BitBay.  The payment was later converted to United States Dollar when the deal was complete.

Because of the beauty of Bitcoin, the owner who is allegedly a Florida-based Tesla lover remains anonymous.  He paid 91 Bitcoin for this transaction. Although no one knows for sure who he is, some are definitely privy to the information through the registration of the car license!

Even since, there are plenty of car lovers who have posted photos of themselves posing with flash cars and professing using bitcoin for their monumental transactions.

 2017-tesla-model-s-p90d-inline1-photo-667609-s-original

Real Estate Purchases

In February 2014, Gregory Simon is recorded to have struck the first real estate deal to be recorded in Bitcoin history. Simon closed the purchase on a plot of land in Nicaragua, specifically in San Juan del Sur.

The land which is situated close to Paradise Beach in Nicaragua was paid for in Bitcoin for the equivalent of $65,000.  The value of Bitcoin in 2014 averaged $400.  Gregory Simon would today be sitting on the land the equivalent of $400k.  One wonders whether the value of the land has risen to the same performance.

Gregory Simon may have been the first deal maker in this remarkable and monumental Bitcoin transaction, however, since then Bitcoin has been accepted or even offered in many kinds of real estate transactions.  This includes a half a million dollars worth of Bitcoin for a Villa property in Bali Indonesia in 2014.

If that is not enough, today you can find notable real estate firms offering properties that can be purchased with Bitcoin.

monumental bitcoin transactions

Image courtesy of I.B. Times. Co. UK

CoinMama: Buy Bitcoins with Credit Card

 

Bitcoin and Aviation

Bitcoin Investment

Bitcoin is known to be flying, however, it has also been the source or medium of payment for plane charters. It appears that the rich and the famous are not the only people to grace this planet in chartering private planes.

Bitcoin millionaires are known to have a panache for chartering planes with monumental bitcoin transactions.

Privatefly.com allowed a private charter from Brussels to Nice at the forbidden cost of 54.95 BTC in 2014.  The plane was chartered by Oliver Janssens. Janssens a tech millionaire never left a comment about his monumental Bitcoin transactions but did mark aviation history.

This is by far a historical rendering, because since then surely many more similar transactions have passed via Bitcoin.  The point remains, that this is a first recorded fact.

bitcoinbot

Naughty Bitcoin

For Bitcoin skeptics, Bitcoin remains the shady medium of payment. Bitcoin generally, guards the identity of its holders, allowing them a safe passage to notoriety.

This may have been so in the past, however on July 1, 2014, the U.S Marshal seized no less than 144,000 Bitcoin and auctioned them off!

The Bitcoin black market and Silk Road drug money were efficiently exposed by the FBI . Ross Ulbricht – the mastermind in the dark alleys of Silk Road, was given a lifetime sentence in 2015.

This marked the first auction by public authorities of the cryptocurrency. The first 30,000 Bitcoin in this three-tiered auction were purchased by Tim Draper for $19 million at the time.

Since then FBI and Interpol have publicly explained that chasing down crypto criminals is following the same route of criminal cash transactions.

FS Management Software Update

Recent News that Can See Monumental Bitcoin Transactions

June 2, 2017, has seen another rally in Bitcoin prices.  Chinese Exchanges have once again opened their doors to Bitcoin withdrawals again.  After a trimester hiatus freeze for more transparency and inspections, the ice has melted.

The ban has been lifted as the People’s Bank of China has carried out the necessary inspections on local Bitcoin exchanges.  The lift has been proverbial on price movement. We will not be surprised if China will soon record a new record on monumental Bitcoin transactions.

However, it is early days, and we need to take “baby –steps”. Even if it means that the threshold imposed is for 50 bitcoin transactions per day.  At the going rate, we are looking at $125,000 at the starting point.  Hardly toddler steps in terms of daily value!

Regulatory frameworks are being structured everywhere in the world including in the little Island of the Mediterranean  – Malta.

 

What the future holds for Bitcoin, could be very exciting but as yet veiled with many mysteries.

Bitcoin Investments

If you are interested in regular Bitcoin and financial news updates, subscribe to this blog and leave us your opinion in the dialogue box below.

(175)

LEAVE YOUR COMMENT

Your email address will not be published. Required fields are marked *

I'm not a robot *

SITE DISCLAIMERS AND TERMS OF SERVICE
Information on BinaryOptionSheriff.com should not be regarded as recommendations to Trade Binary Options. Trading Binary Options carried substantial risk of loss of capital. BinaryOptionSheriff.com is not licensed nor authorized to provide advice on investing and related matters. Information on the pages of BinaryOptionSheriff are only guidelines and should not be treated as investment advice. Clients without a good knowledge of Binary Option trading should seek individual advice from an authorized source. Past performance is not a guarantee for future returns. BinaryOptionSheriff.com does not accept any liability for any loss or damage as a result of reliance on the information contained within this website. This website is independent of the Binary Options Brokers and the Signal Software featured on it. Before trading with any of the brokers, or using Signal software, clients should make sure that they fully understand the risks and check and ensure that the broker of their choice is licensed and regulated. We recommend choosing an EU regulated broker if you reside within the European Union. US REGULATIONS IMPORTANT NOTICE. Binary Options Companies are not regulated within the US. These Companies are not supervised, connected or affiliated with any of the regulatory agencies such as the Commodity Futures Trading Commission (CFTC), National Futures Association (NFA), Securities and Exchange Commission (SEC) or the Financial Industry Regulatory Authority 9FINRA). Please NOTE that any unregulated trading activity by U.S. Citizens is considered unlawful. Trade only at your own risk. CFTC rule 4.41: Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown. All information on this website are for educational purposes only and are not intended to provide financial advice. Any statements about profits or income, expressed or implied, do not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold Binary Option Sheriff.com and any authorized distributors of this information harmless in any and all ways.

Translate »