Student Cashes Out $4 Million In Bitcoin After Finding Lost Keys To 127 BTC

Student Cashes Out $4 Million In Bitcoin After Finding Lost Keys To 127 BTC
фото показано с : zycrypto.com

2021-1-11 14:05

There have been lots of emotional stories about people who lost their crypto holdings after forgetting their keys. Clearly, there has been a shortage of nice stories about people who have managed to recover their lost digital coins. That’s what makes this guy’s story rather interesting. He just recovered his lost Bitcoins.

The guy, going by the Reddit handle BitcoinHolderThankU, broke the news in a Reddit post, detailing his almost decade-old relationship with Bitcoin.

Earned 127 BTC In Simple Ways

Apparently, he earned the BTC coins between 8 and 9 years ago while participating in various online fun activities like surveys, completing random simple tasks, and watching videos. He earned a good crypto stash totaling 127 Bitcoins. He had no idea that these “worthless” digital coins would one day make him a famous instant millionaire.

Interestingly, his initial goal for participating in these activities was to earn the coins and use them for simple in-game purchases in an online game called DarkOrbit. However, he didn’t get to use the Bitcoins because his Dell computer that stored the access keys broke down.

A decade ago, Bitcoin wasn’t worth much. The coins were valued at just a few pennies or less. Over the years, the first cryptocurrency has gained traction both in popularity and price, even going global and attracting the attention of governments and corporations.

A few days ago, the said crypto user managed to access the BTC keys from the old computer. This was a time when Bitcoin’s price was spiking fast. At the time, the crypto was trading at around $23k. The user subsequently sold out his 127 BTC stash at a price of $33,400 each, thereby pocketing a cool $4.24 million after paying 0.15% in transaction fees. 

Did He Miss Out On A Million Dollars?

Although the user made lots of money from the coins, it’s notable that he might have made even more had he waited it out for just a few days to sell at the top price when Bitcoin hit $41k. Had he done that, he could have increased his fortunes by a whole $1 million. But he still made a tidy sum from his long-lost Bitcoins.

This man’s story ends on a musical note, but some others haven’t been so lucky. Back in 2013, an IT guy working in the UK trashed an old laptop.

The laptop happened to have been storing Bitcoin access keys to a huge bitcoin cache. At the current price, those coins would have been worth around $285 million today. Unfortunately, he hasn’t been lucky enough to recover his keys.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Stories (STY) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 STY

lost people stories keys clearly forgetting holdings

Источник: zycrypto.com

lost people → Результатов: 123


Фото:

Peter Schiff Is the Last Person Who Should Lecture the Public on Bitcoin

Peter Schiff has spent the past few years bashing Bitcoin and advising people not to even touch it, leading one to wonder why he’s bent on giving counsel about the asset. On Sunday, the gold bug sparked a massive debate over cryptocurrencies and their storage after he announced on Twitter that he had lost access […] The post Peter Schiff Is the Last Person Who Should Lecture the Public on Bitcoin appeared first on BeInCrypto.

2020-1-25 20:10


Фото:

Etherean Fighting For His Life as Fire Rages On, Half a Billion Animals Dead, Lives Lost, Panic at the Supermarket, WHERE’S THE WORLD?

Entire species are feared extinct in Australia where thousands are being evacuated amid the worst wildfires in living memory. At least 17 people are dead, more than 1,000 homes have... The post Etherean Fighting For His Life as Fire Rages On, Half a Billion Animals Dead, Lives Lost, Panic at the Supermarket, WHERE’S THE WORLD? appeared first on Trustnodes.

2020-1-3 19:41


Фото:

Dash Investors’ Missing Funds Returned, Moocowmoo Resurfaces

After many months of speculation as to the whereabouts of Dash ex-Senior Advisor, Moocowmoo, and the location of investors’ funds, it seems he’s finally come out of hiding. Investors Start Receiving Their Shares In a euphoric Reddit post, entitled “Developing story: More and more people reporting they are receiving their shares back,” Dash supporters come out in numbers to rejoice about the magic return of their long lost funds.

2019-12-10 17:41


Thai ‘cryptocurrency wizard’ arrested after $16 million are lost in cryptocurrency scam

A Thai man who called himself the “cryptocurrency wizard” was arrested in Bangkok today, in relation to a 500 million baht cryptocurrency exchange fraud. According to a report by the Bangkok Post, 48-year old Mana Jumuang was part of a Thai-Vietnamese criminal group that duped thousands of people across multiple Asian countries.

2019-9-6 22:30


Фото:

Dutch police accidentally mass-texted fire witnesses a link to an ‘adult video’

In an unfortunate mishap, Dutch police accidentally texted a link to an adult video to 1,900 witnesses of a house fire, which took place last month in the town of Nieuwleusen. In the text, police encouraged witnesses to come forward with information that could help them figure out what caused the fire, as a result of which a 22-year-old man lost his life.

2019-8-8 15:52


This Japanese Billionaire Gambled With Bitcoin And Lost $130 Million

As is a hard fact by now, the crypto space is a volatile trading environment. Most successful crypto traders will give you valuable lessons about it. One thing for sure is that most of the people who have had success in crypto trading are those that have exercised confidence in their investments and great patience […] The post This Japanese Billionaire Gambled With Bitcoin And Lost $130 Million appeared first on ZyCrypto.

2019-4-24 23:15


Фото:

Crypto Startups Are Targeting Institutional Investors, But When Will They Finally Arrive?

In case you didn’t realize it during the brutal bear market of 2018, the days of stupid money flowing stupidly into any and every cryptocurrency-related project are over. Now, it’s all about the maturity of the nascent market, and that means institutional investors ‘need’ to step in — a sentiment not lost on some startup companies.

2019-2-16 13:00


How much Crypto is lost due to people Passing Away?

With the recent news of the QuadrigaCX exchange owner passing away and losing over 26,488 Bitcoin, 1,000,000,000 XRP, 200,000 Litecoin, and 429,000 Ethereum should these numbers be taken off the total supplies once confirmed gone forever? The news had me thinking how many other accounts are lost for either due to people passing away without […] The post How much Crypto is lost due to people Passing Away? appeared first on ZyCrypto.

2019-2-2 23:20


дальше еще 74 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin Price Takes a Sharp Dip: Is This Just a Correction?

Bitcoin price is correcting gains from the $73,500 zone. BTC is back below the $70,000 level and showing a few bearish signs. Bitcoin started a fresh decline from the $73,500 zone. The price is trading below $71,500 and the 100 hourly Simple moving average.

Bitcoin Price Nears All-Time High: Can It Push Past the Mark?

Bitcoin price is rallying above the $72,000 zone. BTC is up over 5% and it could soon aim for a new all-time high above $73,500. Bitcoin started a fresh increase above the $70,000 zone. The price is trading above $70,500 and the 100 hourly Simple moving average.

Bitcoin Price Rallies Above $70K: Is a New High Within Reach?

Bitcoin price is rallying above the $70,000 zone. BTC is up over 5% and it could soon aim for a move above the $72,000 resistance zone. Bitcoin started a fresh increase above the $68,000 zone. The price is trading above $70,000 and the 100 hourly Simple moving average.

Bitcoin Price Targets Gradual Rise: Will the Uptrend Hold?

Bitcoin price is attempting a fresh increase above the $67,000 zone. BTC could gain pace if it clears the $68,750 resistance zone. Bitcoin started a fresh increase from the $65,500 zone. The price is trading above $67,200 and the 100 hourly Simple moving average.

Bitcoin Price Eyes Further Gains: Can It Keep Climbing?

Bitcoin price is attempting a fresh increase above the $37,000 zone. BTC could gain pace if it clears the $68,800 resistance zone. Bitcoin started a fresh increase from the $65,200 zone. The price is trading above $67,500 and the 100 hourly Simple moving average.

Bitcoin Price Could Reignite Uptrend: Is a New Surge Coming?

Bitcoin price tested the $65,200 zone before the bulls appeared. BTC is now rising and aiming for more upsides above the $67,500 resistance. Bitcoin extended losses and tested the $65,200 zone. The price is trading below $67,500 and the 100 hourly Simple moving average.