6. Januar 2021

He bought Bitcoin for $ 10: he tells about his decade of madness and this bet that changed his life

A Bitcoin bet that paid off – There is no shortage of fantastic life stories to tell among those interested in Bitcoin (BTC), from its earliest years of existence. This is the case of a user of the Reddit social network, who announces that he fell into Bitcoin in 2011, with all the emotional roller coasters that this implies.

5 BTC removed to make room for a video game

You may have followed our incredible stories from the Taihuttu family or this Japanese restaurateur , who bet on Bitcoin as early as 2013. It had already changed their lives . But today is the story of an even earlier early adopter of the cryptocurrency created by Satoshi Nakamoto.

On Reddit, user Graphene_Hands tells us, in a long post , how his adventure with the king of cryptos began:

“I first heard about Bitcoin in 2010, on one of the many forums I have frequented in my libertarian internet circle . It was an interesting concept for me, but I didn’t pursue it at all [at first]. “

A few months later, the same year, he briefly had fun creating a Bitcoin wallet , to collect a few cents (at the time) of bitcoins via a faucet : around 5 BTC , he said (i.e. the trifle of … 170,000 dollars today).

But he quickly gave up on this first experience, removing the wallet (and its bitcoins) forever to “probably make room for a Steam video game” .

2011: the first purchase and mining

It was a little later, in May 2011 , that our friend fully converted to Bitcoin. At that time, he explains that he spent all his free time studying Satoshi Nakamoto’s creation:

“After a week or two of obsessing and reading about Bitcoin, I decided it was the most important invention since the internet – the most perfect form of money ever created. One of the most ingenious systems ever designed by man (…) ”

At that time, the Mt Gox platform was a must-have for buying bitcoin for fiat money. He wanted to invest $ 500 to try to get some BTC, at $ 3 each .

Problem: By the time his money got to Mt Gox, our poor friend saw bitcoin keep rising . So he got caught in FOMO (fear of missing out on a good deal). So, 3 days after he initiated his money transfer, he was finally able to jump on Bitcoin (and too bad if its price was then on a historic high ). He bought 50 BTC at $ 10 apiece .

He is still announcing HODLer today those first BTCs (which he thank goodness removed from Mt Gox before the platform collapsed ), worth $ 1.7 million as of this writing. lines. It leaves you dreaming!