Reddit User Finds 127 Old Bitcoins at Grandpa’s House – Pockets Over $4 Million After Selling

Reddit User Finds 127 Old Bitcoins at Grandpa’s House – Pockets Over $4 Million After Selling
фото показано с : news.bitcoin.com

2021-1-11 15:20

A Reddit user says he (or she) recently regained access to the keys of 127 bitcoins eight years after last accessing the coins. Immediately after regaining access, the user sold all the bitcoins and pocketed over $4 million in the process. According to the user, they received the bitcoins as payment for participating in surveys and some random online tasks.

Bitcoin Keys in Old Computer

The user initally intended to purchase a valuable in-game currency called Uridium using the bitcoins as payment. Writing about their experience, the user who goes by the name Bitcoinholderthanku, explains how a visit to his grandparents’ home reunited him (or her) with the 127 bitcoins. In the post, the Reddit user begins his account saying:

I used to play Dark Orbit at my grandpa’s house, and I was there for around a week during the holidays. While I was there I was through his old Dell computer that I used to play the game and came across a .txt folder that was labelled ‘keys.’

Although the user claims they do not remember why they ultimately failed to buy the gaming currency, they are nonetheless grateful for the way things have turned out. After holding the coins for eight years, the Reddit user sold these on January 3 for a price of just under $34,000 each.

Liquidating the 127 BTC

Meanwhile, the Reddit user’s initial post generated interest with some users expressing doubts about the story. Others questioned how the user managed to liquidate all the 127 BTC when “even the largest exchanges have limits well under $100K/day of how much BTC you can trade on their platform.”

In the follow-up post, the user explains that after weighing the various liquidating options, they settled for selling “the assets through an OTC Principal Desk.” Next, the user explains this process unfolded:

I went back and forth between different companies and ultimately ended up selling all 127 bitcoins for a price of $33,439.02 per coin minus a 0.15% fee. The net was roughly $4.24 million.

if (!window.GrowJs) { (function () { var s = document.createElement('script'); s.async = true; s.type = 'text/javascript'; s.src = 'https://bitcoinads.growadvertising.com/adserve/app'; var n = document.getElementsByTagName("script")[0]; n.parentNode.insertBefore(s, n); }()); } var GrowJs = GrowJs || {}; GrowJs.ads = GrowJs.ads || []; GrowJs.ads.push({ node: document.currentScript.parentElement, handler: function (node) { var banner = GrowJs.createBanner(node, 31, [300, 250], null, []); GrowJs.showBanner(banner.index); } });

Meanwhile, to prove that the story is real as demanded by some Redditors, the user has shared a screenshot that appears to show their checking account with a balance of $4.2 million on January 7. The user, however, says they “had to scribble out the title of the transaction” because they did want to reveal the identity of the company they dealt with.

The user ends by saying that after “hodl(ing) for 8-9 years which is more than the vast majority of crypto users”, he thinks he would “not have sold all the 127 bitcoins if given a second chance.”

Between the period of receiving the $4.2 million payment and the second Reddit post, the price of bitcoin went up by more than $7,000 to $41,000. Still, at the time of writing, the crypto had dropped and was trading at just above $35,000.

What are your thoughts about this story? Tell us what you think in the comments section below.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Crypto User Base (CUB) на Currencies.ru

$ 0.0450497 (-1.41%)
Объем 24H $0
Изменеия 24h: 1.36 %, 7d: 15.76 %
Cегодня L: $0.0443687 - H: $0.0450497
Капитализация $0 Rank 3660
Доступно / Всего 0 CUB / 1m CUB

user bitcoins access reddit million 127 years

user bitcoins → Результатов: 40


Фото:

Bitcoin Industry Reacts As Mark Karpeles Avoids Jail Over Mt. Gox Debacle

Mark Karpeles, the former head of defunct cryptocurrency exchange Mt. Gox, will unlikely serve time in jail following a significant acquittal by a Japanese court. Court: Karpeles Did Not Embezzle Bitcoins As multiple sources including Bloomberg reported March 14, Karpeles, who has been under suspicion for embezzling millions of dollars in user funds, is guilty only of record tampering in the eyes of Japanese law.

2019-3-15 14:00


Фото:

$8 Billion Coinbase Now Has More Users Than 21 Million Bitcoins

US cryptocurrency exchange and wallet provider Coinbase now has more users than the total supply of Bitcoin, new data reveals. Novogratz Hails Coinbase as Crypto ‘Poster Child’ Compiled by entrepreneur and cryptocurrency investor Alistair Milne, the latest statistics for the company show current user numbers have hit 25 million – meaning already that not all of them will ever be able to own an entire Bitcoin (BTC) .

2018-10-4 02:00