2w ago

Bitcoin investor moves $8 billion worth of crypto after 14 years, originally bought for less than $210,000 — 80,000 BTC transferred from Satoshi-era wallet

www.tomshardware.com

Bitcoin investor moves $8 billion worth of crypto after 14 years, originally bought for less than $210,000 — 80,000 BTC transferred from dormant Satoshi-era wallet

HODL to the max.

37 comments

Honestly spending $210 000 on crypto in 2011 was a ridiculously risky move. No way the guy knew what he was doing, just tremendous luck (and just as much fucking stupidity)
- This guy had fuck you money already. Probably a multimillionaire at a minimum back then.
- Probably lost the wallet and forgot about it, and found the USB drive while moving furniture.
- Was extremely easy to mine them then, I did on my shitty desktop
  
  Sure it was easy to mine, but it was also worthless.
- Thats the story behind most extreme wealth, random luck.
  We just dont here much of most who didn't have radom luck. e.g imagine a guy buying a lottery ticket, and he wins a $200million, we'd here the story, we don't see interviews with people who bought a ticket and then lost.
- Or he was already rich.
- OP doesn't know purchase cost. Wallet deposit on that date doesn't mean it was purchased 1 hour before.
- He was probably a foreign agent or government. BTC was invented and supported so spies could move money across borders without being caught by official government bodies/banks. Esp since a lot of spies do things like illegal drug trafficking, gun trafficking, human trafficking, etc. That's why BTC was so popular on 4chan early on -4chan recently was hacked ~~and it was confirmed there were government emails registered on the site.~~ this last part is not true, it has been debunked, I still think that is why 4chan had BTC ads from users constantly so early though.
  There's also slave groups of people forced to scam for crypto, NPR did a story about it on Planet Money. It's entirely possible they are imprisoned or those are otherwise spy lead networks
  
  Source…? I feel like this needs sources.

Inb4 it's confirmed to've been funneled into neo-nazi orgs... 😅
- Or Russia or something. But same difference I guess.
  
  That's only two of them, yep.

Oh look, new money was old money all along.
Guess even they are cashing out.

"worth"
- That's literally the exact amount of USD you can exchange it for, so it is literally worth exactly that amount
  
  Sell 8 billion dollars worth of anything, and you're gonna have a hell of a lot less than 8 billion dollars.
  Because you'll flood the market, at that volume a potentially irreversible drop in price.
  It's basic economics, but you are defending crypto...

37 comments