Crypto User Accidentally HODLs for 9 Years, Cashes Out A Fortune

Tuesday 12 January 2021, 7:00 AM AEST - 4 months ago

Amid less heartening news such as the current bear market we have entered, fortunes are good for at least one student who recently found out he is a multi-millionaire.

127 BTC made through surveys as a kid

According to the reddit post from a new account created just to share the success story, in 2011 the author and his friends were playing a game called Dark Orbit. In order to purchase the in-game currency Uridium – which none of them could afford – they went to a site that allowed you to purchase the in-game currency with Bitcoin.

At the time, many sites would allow you to watch videos or complete surveys in order to earn Bitcoin – which was easy to mine and cost nearly nothing. There were also plenty of free Bitcoin faucets made to promote the cryptocurrency.

The anonymous user made 127 BTC doing these tasks, but never got around to buying the in-game currency.

This Christmas the crypto user visited his grandfather and accidentally found the text document with his keys on an old laptop he used to play on.

In a follow-up post, the anonymous user clarified that he has since sold it all for over $4.2 million. Although HODLing for another week would have brought his fortune closer to 5 million, the sudden unexpected windfall was more than he could have hoped for.

He has since sold the entire amount to a company dealing in crypto – feeling that crypto exchanges wouldn’t be able to get him the best deal.

“I spent the next week figuring out how to safely and securely liquidate such a large amount of Bitcoin for the cheapest price possible. I went back and forth between different [over-the-counter principal desks] 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.”

The post was accompanied by proof.

/u/BitcoinHolderThankU has stated that he will invest the bulk of it into the S&P 500, stating that he doesn’t want to buy fancy properties or cars for the moment.

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