Topic: 50 Cent Forgets He Accepted Bitcoin for Album, Finds $7 Million Pile of Bitcoin - page 2. (Read 236 times)
January 25, 2018, 10:13:16 PM
50 Cent is such a rich doofus lol
January 25, 2018, 10:12:06 PM
Not just celebrities, but there's also low-key folks out there did the "invest and forget" thing because btc back then is so cheap that you will totally forget about it. I've read an article about a guy who invested his $200 to bitcoin back in 2010. Fast forward to present day he already bought a brand new Lamborghini with his bitcoins. He calls his supercar the "200 dollar car" lol
Not just invest and forget, but having wallets and accounts spread out and people will keep finding forgotten coins. Better than find some money in your jeans after washing them!
January 25, 2018, 09:57:40 PM
Not just celebrities, but there's also low-key folks out there did the "invest and forget" thing because btc back then is so cheap that you will totally forget about it. I've read an article about a guy who invested his $200 to bitcoin back in 2010. Fast forward to present day he already bought a brand new Lamborghini with his bitcoins. He calls his supercar the "200 dollar car" lol
January 25, 2018, 09:41:56 PM
Don't be surprised if Buffet is really holding Bitcoin. But you are correct in how move on some of that stuff.
January 25, 2018, 09:29:47 PM
Quote
50 Cent has a way of pulling money out of thin air by making prescient early investments. Though he hasn’t been doing so great lately, he’s still got some tricks up his sleeve. It turns out he accepted Bitcoin payments for his 2014 album Animal Ambition and never cashed them out. Suddenly, he’s richer than he realized.
In 2004, Fiddy signed an endorsement deal with a little company called Vitamin Water that ended up netting him half a billion dollars. In the meantime, he’s had his ups and downs on the sales charts, got hurt in the 2008 recession, mismanaged his cash, and filed for bankruptcy. Animal Ambition wasn’t much of a hit and in a 2014 article titled, “9 Albums That Flopped in 2014 (Or Did They?),” Billboard reported that it only sold 124,000 copies. Well, Billboard was right to question if it was an actual failure, because fans paid him 700 bitcoin that apparently have been sitting in an account with no one paying attention. Today, that stash is worth about $7.8 million.
At the time of the album’s release, one bitcoin was worth about $660, so his haul in 2014 was still around $400,000. That’d be a lot of money to most people, but the hip-hop star apparently forgot about it. “I’m a keep it real. I forgot I did that shit,” he wrote in a now-deleted comment on Instagram. At the time of the album’s release, he did a Reddit AMA in which he said he was accepting cryptocurrency as a way to “stay with times.”
It’s a little curious why 50 Cent deleted his original Instagram post bragging about TMZ’s report on his windfall. He still has other posts that reference it, including a video captioned, “Stop talking about my money,👀look at this shit. LOL.” One reason might be that he had to explain himself in bankruptcy court after posting photos of cash on the social network. Let’s just hope he didn’t forget his private keys.
https://gizmodo.com/50-cent-forgets-he-accepted-bitcoins-for-album-finds-1822408093
In 2004, Fiddy signed an endorsement deal with a little company called Vitamin Water that ended up netting him half a billion dollars. In the meantime, he’s had his ups and downs on the sales charts, got hurt in the 2008 recession, mismanaged his cash, and filed for bankruptcy. Animal Ambition wasn’t much of a hit and in a 2014 article titled, “9 Albums That Flopped in 2014 (Or Did They?),” Billboard reported that it only sold 124,000 copies. Well, Billboard was right to question if it was an actual failure, because fans paid him 700 bitcoin that apparently have been sitting in an account with no one paying attention. Today, that stash is worth about $7.8 million.
At the time of the album’s release, one bitcoin was worth about $660, so his haul in 2014 was still around $400,000. That’d be a lot of money to most people, but the hip-hop star apparently forgot about it. “I’m a keep it real. I forgot I did that shit,” he wrote in a now-deleted comment on Instagram. At the time of the album’s release, he did a Reddit AMA in which he said he was accepting cryptocurrency as a way to “stay with times.”
It’s a little curious why 50 Cent deleted his original Instagram post bragging about TMZ’s report on his windfall. He still has other posts that reference it, including a video captioned, “Stop talking about my money,👀look at this shit. LOL.” One reason might be that he had to explain himself in bankruptcy court after posting photos of cash on the social network. Let’s just hope he didn’t forget his private keys.
https://gizmodo.com/50-cent-forgets-he-accepted-bitcoins-for-album-finds-1822408093
....
Looks like Floyd Mayweather wasn't the only celeb to promote ICO's or accept bitcoin as payment. There was also Mike Tyson who was promoting bitcoin ATM's awhile ago. Now we learn 50 Cent got into crypto before either of them.
Its interesting to see how some fast celebs move when it comes to getting in on the next big thing. Maybe that's one of the prime reasons they're as successful as they are?Warren Buffett must be kicking himself right now seeing all these celebrities make money off bitcoin while he's stuck with his stocks which probably have shown much growth in the past decade.
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