Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
Over the past few years, numerous “drunk stories’ involving Bitcoin and other cryptocurrencies have come to the surface. In a lot of these incidents, someone erroneously lost their cryptocurrency or decided to go on a hefty tipping spree. One pizza delivery driver earned $1,100 worth of Bitcoin courtesy of a client who had previously consumed a cannabis-laced edible. This goes to show one should not mix cryptocurrencies with other types of entertainment, especially not if a payment is due.
Another Bitcoin Investor Cashes out
It is not entirely uncommon for Bitcoin investors to liquidate their holdings at what seems to be a turning point for the world’s leading cryptocurrency. Especially if that person obtained cryptocurrency in 2017, back when the Bitcoin price went from very low to incredibly high over the course of just a few months. In the case of this user, roughly $100 worth of Bitcoin was bought, which are now valued at just over $1,000. All things considered, a very nice profit was pocketed for doing virtually nothing but wait.
While the user did take the necessary steps to cash out his Bitcoin holdings, the way the “normal” money was stored might leave something to be desired. He cashed out the funds through a Bitcoin ATM, which got him cash in hand almost immediately, despite the potentially high fees associated with this process. Using Bitcoin ATMs, while convenient, is still subjected to an average fee ranging anywhere from 4% to 7.5%, making it a less preferable option for both buyers and sellers of BTC.Â
A Small Celebration
Most people who invest in any cryptocurrency and cash out a healthy profit will celebrate this event in one way or another. That process becomes a lot more straightforward when one has cash in hand to spend on all kinds of goods and services. In the case of this individual, he bought some edibles. For those not able to read between the lines, he purchased hash brownies, which is perfectly legal in various US states. After all, there is nothing wrong with making oneself feel good after cashing out a near $1,000 profit for doing absolutely nothing.Â
However, the party seemingly got out of hand quite a bit. After eating one full brownie – which is not necessarily a bad thing, depending on how one’s body tolerates the contents of said edible – he decided to order some pizza. It is rather common for the munchies to pop up after consuming these types of edibles, and pizza is never a bad choice. In fact, pizza and Bitcoin go hand-in-hand, as enthusiasts all over the world celebrate Bitcoin Pizza Day every single year.Â
One Happy Pizza Delivery Girl
Once the pizza order was placed and the delivery girl showed up, the person cashing out his Bitcoin earnings decided to give a decent tip. Rather than picking up the pile of cash designated to pay for the pizza order, however, he took the stack of bills obtained from the Bitcoin ATM earlier that day. As such, he managed to give away over $1,000 for a pizza simply because he was not fully aware of what was going on in the end. Even though the pizza delivery girl’s reaction should have been a strong indication as to what he was doing wrong, it seemed the information did not register correctly in his brain.Â
Rather than calling the pizza place and trying to get the money back, the former Bitcoin investor decided to suck it up and make a post about it on Reddit. Interestingly enough, a lot of people felt sorry for this person and decided to cheer him up a bit. After all, no real damage has been done, as this person inadvertently made someone’s life a lot better. Some users shrugged this off as a blatant lie because the story seemingly doesn’t end up, which is somewhat understandable. A few of the figures in his post do not necessarily add up, but the moral of the story is still valid.Â
Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency or digital currency.
Image(s): Shutterstock.com
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.