Topic: A painter received $50 worth of bitcoin on June 2013. - page 3. (Read 889 times)

I would say this was a lucky situation for her , because actually she didn't have much information about Bitcoin and the assest she was paid with, and secondly to have even remembered her keys, however a lesson from this is patient, if she had sold out the Bitcoin the moment she received it she wouldn't have had this opportunity in her life time.

This same thing is applicable to some people that owns Bitcoin today that are not well informed about Bitcoin , if they holdl BTC this same thing could happen to them if Bitcoin price goes above $100k-$1M per Bitcoin in the future. Generally, holding BTC requires patient.

or maybe she has literally no Idea about how Bitcoin moves or grows over the year as She seems to be experimenting in accepting that payments and was shocked about how it is now?

but either she waited or not? what made me amaze is that the idea about accepting Bitcoin that year when the world has no Big idea about what this all about as she as Painter also not connected in any form of crypto back then.

This is what makes Bitcoin strong. Imagine getting paid in fiat money. You would lose a lot of purchasing power in 9 years it is nothing compared to 50 dollars of 2013. (Especially after covid and ukraine war). I always like that I learned about Bitcoin through 2013 to 2014. It was when noone was aware of that truck coming to their face. Now people tell me that I was right. Digital money (they said this to bitcoin before) became more valuable than -so called- real money we use.

As said by the OP, the painter didn't know what's bitcoin way back 2013 or if it will play a huge part in today's world. What amazed me the most is the fact that she still know and remember the account she made in blockchain.com, I mean, years passed by and she didn't intentionally held the bitcoin for a reason but she still remembered her account. Also, yes she's more richer now although we didn't know if she had sold it already or still holding it for the years to come.

Bitcoin owners must have a strong belief to produce extraordinary results, maybe most of the big investors who own bitcoins have long thought that owning bitcoin is an opportunity if it goes up they will profit and if not they will lose. And I don't think they will mind including those who have forgotten about it for years, because bitcoin was very cheap at the time and anyone could buy it in bulk.
such people have a strong belief and hope that the price will be fantastic in the next few years, and after a slow rise they are increasingly convinced that the price will continue to rise and also see the ever-growing developments that make them believe in bitcoin even more.
thing we should know that bitcoin is not easy to predict but must have a strong belief that it will produce amazing results, and amazing the woman because she didn't understand bitcoin at first after seeing its potential she kept sticking to it and other reasons the price on back then, he thought it was nothing, but it was gone. And he also thinks his work is so valued that he accepts bitcoin paintings and gets paid in bitcoins, and he's very lucky.

She is very lucky even though it is been paid to her as payment for her service delivery, it shows that she did not know the value of Bitcoin that's why she keep holding till the day she release the video; I hope she will keep holding the Bitcoin because she is already a future Bitcoin Investor.

The interesting thing about this story is the painter agreed to accept btc for her work as early 2013, btc was not so popular back then and most people were not into btc acceptance.
But this painter did not mind the mode of payment which turned out to be a big blessing. I wonder if she still hold on to her btc.

Maybe one day in the distant future, but it's not really realistic to expect that by the end of the decade the price will reach some astronomical values that could turn a $50 investment into a fortune. Even if we were talking about the price of $1 million for 1 BTC, that means an increase of x50, and that means that the one who invested $50 today would earn only $2500 in the future.

If you add to that inflation and the fact that fiat currencies are constantly losing value, then you will not be able to buy much for that money compared to what it is worth today.

And yet, there are people who have invested by actually buying Bitcoin and they have "abandoned" their Bitcoins by losing/ forgetting their private keys or deleting wallets carelessly. It's a good thing to keep stuff saved, you might never know when you will need it like the painter did. Also always good to see that people were accepting or trying Bitcoin way back in 2013, she deserved the surprise.

Yeah, at least she has done some research first on Bitcoin before she accepted it as payment and then save the private keys somewhere and the good thing is that she was not hack or something if she has written it in the PC that she has been using for the last 10 years. Or probably buy a new hardware but then back up everything. In a sense she is technical savvy I would say and that save her the problems of other people who have a lot of bitcoin before but they don't know how to save it. And with that, she has a happy ending.

Hope one day this kid's paintings I helped sell on this forum turn out to be just as successful She didn't make THAT much, and she probably did it an entire cycle and then some after OP's artist, but hey, 2018 was a crypto winter and we're at least twice as much in price today. Already a great investment

Really liked how she passed the gift on too. That's always how Bitcoin's going to win.

Very surprised she waited this long, and didn't think about the wallet before now.

The painter is really lucky since he can still access her old wallet while most people doesn't, they only lucky to remember if they have Bitcoin when Bitcoin still worth for few dollars.

Moral of the stories is leave your coins on exchanges since it's much easier to retrieve your old account, if you leave your coins on hardware wallet and you forget your seeds, it's done /jk.

I think it's completely possible Bitcoin would be worth so much than the current price and that's why we shouldn't stop to accumulating Bitcoin when it's still cheaper.

Well what is to be admired is that some people keep using the same Laptop/Desktop PC or any other device for such long period of time.I cannot understand it as I work as an IT and the max I keep my computer is 2 years before upgrading to a newer one,of course migrating everything.

If she has migrated everything from that time until 2021 then from me it is big kudos to her for not losing the credentials of her wallet.

Finally it is great to hear a good story about people who had held Bitcoins since early days.

For this painter i don't think discovering this Bitcoin she received many years ago is going to be the end of her Bitcoin journey, i rather think things could just be starting with her, maybe it is just the beginning because i think she is going to fully seek for knowledge about Bitcoin, there are things that could happen to us in our lives that makes us want to know more, for her this should be one of such things, if this doesn't propel her to learn every basic thing about Bitcoin, then i don't know what will.

Thus i would not even be concerned about if she has sold the huge amount she just discovered she has, but rather how much more she'd be willing to buy going forward, she's definitely a new Bitcoiner in the block, and luckily for her she didn't discover how good the Bitcoin network is in the hard way, because she could have made one silly mistake and all that funds is gone, afterall it was just $50 eh.

What is the lesson of this story? Someone remembered that he received 1 BTC in 2013 and now he has discovered this wealth, so maybe everyone should check if maybe they received a similar donation once upon a time... The bad news is that 9 out of 10 people who find themselves in a similar situation will be completely helpless to make a successful recovery - and this is evidenced by hundreds of stories that I have read on this forum in the past 7-8 years.

What I like is that the girl in the video realized that she could use all of this for additional promotion of her YT channel, and that she gave $50 in BTC to ten of her subscribers, hoping that one day they too will turn it into their small fortune.

Good thing it turns out to be a story with a happy ending, I like the fact that even though she had no idea about how important bitcoins will turn out to be, she held on it and kept it safe. IMO, this is just how God and the universe wanted to reward her years of offering free services to people who definitely would have wished her well whether in their hearts or openly with statements like "GOD BLESS YOU''. I hope she doesn't stop doing good and being a good person.

He had to forget about Bitcoin again and it would be more valuable than anything if he still held Bitcoin, but indeed when he saw the current high price it was sometimes more tempting to exchange to fiat to donate or use but in fact he had managed to hold Bitcoin from the price of $50 and even higher its value.
Maybe it's because he doesn't know anything about Bitcoin so he forgot about it for a long time, even I consider this a sign that Bitcoin holders will be winners in the future for example this person who held and forgot him for years.

I agree and that's why people shouldn't underestimate little amounts that they'll use to buy bitcoin at these times. Maybe some the same story will be built upon in the future the same as what this woman has experienced.

Yeah, if by chance she didn't upgraded the laptop/desktop that she used. It was just saved on the browser together with her gmail accout but that's too long for that usage since she's into art. Well, the most likely is that she probably has just kept the credentials.

There are plenty of motivation that you can look at your own situation. Think of your dreams and what might happen in the future if bitcoin goes on a bull run and price goes up. Just don't stop saving and holding.

She's endured a lot of years not remembering that she's holding a bitcoin. But, whether she sells or not, she's in total profit no matter what the price is now but I'd say the same that it's better to hold and it will be more worth it.

This is just one of the many and I'm sure that there are even greater stories out there that they've found massive wealth by just forgetting/holding that they own it years ago up to present.

What I think with a person like her that don't much worry at all whether the price goes up or down, when they see the price of bitcoin goes down it's likely that she's just going to sell before it goes to zero. Just like the typical mindset of a person that haven't understand bitcoin wholly but I hope she kept it or sold around $40k or higher.

Her luck lies in the fact that they had no idea what bitcoin was and forgot about it for many years. If this had not happened, then she would have sold her btc long ago for a lower price. The plot in such stories is almost always the same: people forgot about bitcoin, remembered many years later and found an impressive amount in their wallet. This is what allows you to increase savings at btc. From which the conclusion suggests itself that if there is a goal to earn on bitcoin, then you need to buy it and put it off for many years, so as not to succumb to the temptation to sell at a low price. As you can see, even $50 can grow significantly and even now it is not too late to invest such a modest amount for years to come.