As one of the hottest assets in the financial market, Bitcoin is the face of the crypto industry. With that kind of title, you should expect that it has had big moments in its history. You can expect this because Bitcoin has proven its worth over the past decade.
The crypto industry is one of the most promising financial markets in the world. There are a lot of cryptocurrencies leading the way but do not forget the projects that it has helped launch. Bitcoin is the biggest asset in the crypto market and people should not take that for granted. The crypto market will not be where it is today without Bitcoin.
Every day, people learn about Bitcoin out of curiosity or they want to invest in it and the crypto market. If you are one of them, read more to find out the landmark moments in Bitcoin’s history.
The release of Bitcoin’s whitepaper
Back on October 31, 2008, the pseudonymous Satoshi Nakamoto authored a paper entitled Bitcoin: A Peer-to-Peer Electronic Cash System. The link to the paper was posted to a cryptography mailing list which became the introduction to Bitcoin that jump started the currently booming crypto industry.
This paper was therefore known as Bitcoin’s whitepaper which is the term used for documents that explain every facet of a cryptocurrency. Due to Bitcoin’s rise, you can tell that most cryptocurrencies want to follow in their footsteps.
The Bitcoin network was launched on January 3, 2009, which was when Satoshi created block zero of the blockchain which was dubbed the ‘genesis block’. As time passed by, Bitcoin kept growing and the whitepaper was always seen as the start of everything. Satoshi had the idea but the whitepaper was the document that marked the beginning of the crypto market.
Bitcoin Pizza Day
Back on May 22, 2010, Bitcoin had one of the most important days in its history. This day has become part of the Bitcoin folklore because BTC was used in a transaction. As the name suggests, Bitcoin Pizza Day involved a person buying a pizza using around 10,000 BTC.
Laszlo Hanyecz ordered two pizzas but he first talked about his idea in a bitcointalk forum. He said, ‘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’.
Looking back, this is arguably the most expensive pizza order ever. Despite the lost value, Laszlo did not regret the decision that he made. He even had an interview with Anderson Cooper on 60 Minutes.
Now, Laszlo is still celebrating Pizza Day every day. That is a good sign that he feels good even after spending a huge amount of money now. He could’ve had a solid portfolio but he looks content with his decision. Laszlo and his friends have always kept up with the crypto market as he looks back at Pizza Day every day without regrets.
The start of HODLing
In the crypto market, HODL has turned into a common investment term. This term was used when a user named GameKyuubi was ranting about his poor trading skills and his solid belief in Bitcoin. He wanted to simply hold Bitcoin despite the price dipping at the time. GameKyuubi then posted an entry called ‘I AM HODLING’ which has become a meme and a widely-accepted term in the crypto market.
Bitcoin will continue to have important moments
As time goes on, more people have shown their interest in Bitcoin. Now, you can see that people are getting invested in Bitcoin because they have seen the value and its solid potential moving forward. You should give people the right introduction to Bitcoin because it will continue to grow towards a bright and decentralised future with the crypto market as the focal point.