Crypto Confessions: Pizza and weed for thousands of Bitcoins

The crypto market is a source of amazing stories. But also of the most expensive mistakes in investment history. A classic example is the famous *Bitcoin Pizza Day*. On May 22, 2010, Laszlo Hanyecz bought two pizzas for 10,000 Bitcoin, then worth about $41. This was one of the first documented purchases with Bitcoin.

Although Laszlo has been credited in Bitcoin history, this pizza purchase was a big mistake financially. Today, 10,000 BTC would be worth as much as US$640 million. Many such examples can be found, including on @Coinfessions' X account.

Buy weed for $260 million

In the early years, Bitcoin was not yet a recognized asset class on Wall Street, nor were there countries that used BTC as legal tender. Bitcoin was mainly used for the Darknet, such as on the drug marketplace *Silk Road*.

An early Bitcoin investor used about 4,220 BTC to buy weed through the Darknet. Today, that purchase would be worth $260 million. Ironically, that experience caused the investor in question to open his eyes after a few LSD trips and decide to hold on to his remaining BTC. He has since lived comfortably, and by his own admission still "hodlt" 50 BTC.

Bitcoin more important than your girlfriend?

Besides drug lovers, the crypto world is also home to the real nerds, the sypherpunks. For example, a *degenerate* crypto-trader first says good morning to his Telegram communities for his many altcoin projects before greeting his girlfriend.

An airdrop saves a friendship

Some crypto investors use their profits to retire their parents early or to give their partner a carefree life. But there are also investors who lose their friends' money. One of them confessed that the friendship almost ended, were it not for a "good airdrop" of US$500 that saved the situation.

Memecoin mania: From losing everything to family success

While airdrops are slowly going out of fashion, for new investors it is now all about memecoins. An anonymous trader said he made a million dollars with Dogecoin, but then lost 90% of that money by betting on the next dog memecoin, Shiba Inu (SHIB). Had he held SHIB, it would have been worth $20 million now. Now he is left with a six-figure sum.

Another investor had better luck with memecoin *dogwifhat*. An annual return of 1,600 percent allowed him to buy a house, pay off debt and financially support his family.

The crypto world remains a place of high risk and great rewards, where stories of loss and success go hand in hand.