Topic: "Man buys $27 of bitcoin, forgets about them, finds they're now worth $886k" - page 2. (Read 2856 times)
October 30, 2013, 02:18:30 PM
House in Norway is that cheap? Only $180k for 3-bedroom apt?
October 30, 2013, 02:04:08 PM
I used to play a lot of poker. Even semi-professionally for a while. I'll never forget the "boom switch" that was flipped on when an "average Joe" named Chris Moneymaker won the World Series of Poker in 2003, for $2.5 million, on a $40 initial investment...
People eat that shit up. Everyone wanted to get involved all of a sudden.
We could be priming for a huge bubble, which hopefully doesn't undermine Bitcoin's real value and innovation - not as a "get rich quick" scheme. I suppose only time will tell.
http://en.wikipedia.org/wiki/List_of_World_Series_of_Poker_Main_Event_champions (notice entrants after 2003)
People eat that shit up. Everyone wanted to get involved all of a sudden.
We could be priming for a huge bubble, which hopefully doesn't undermine Bitcoin's real value and innovation - not as a "get rich quick" scheme. I suppose only time will tell.
http://en.wikipedia.org/wiki/List_of_World_Series_of_Poker_Main_Event_champions (notice entrants after 2003)
The difference is with poker people thought they might be able to do the same, but with the Bitcoin situation people will often think: "It's gone up so much, it can't possibly go up any further." This is a key difference so I don't think this will have much effect at all.
The point is it took that to grab people's attention, and get them interested. This story would have been different right after the April crash, but climbing all the way back in 6 months makes it clear that we may be very, very far from the top. I'm talking over a similar span of years... <-- I have to mention this because people on Speculation seemed to have difficulty imagining a time period beyond 2 weeks from any particular date.
October 30, 2013, 01:59:20 PM
I used to play a lot of poker. Even semi-professionally for a while. I'll never forget the "boom switch" that was flipped on when an "average Joe" named Chris Moneymaker won the World Series of Poker in 2003, for $2.5 million, on a $40 initial investment...
People eat that shit up. Everyone wanted to get involved all of a sudden.
We could be priming for a huge bubble, which hopefully doesn't undermine Bitcoin's real value and innovation - not as a "get rich quick" scheme. I suppose only time will tell.
http://en.wikipedia.org/wiki/List_of_World_Series_of_Poker_Main_Event_champions (notice entrants after 2003)
People eat that shit up. Everyone wanted to get involved all of a sudden.
We could be priming for a huge bubble, which hopefully doesn't undermine Bitcoin's real value and innovation - not as a "get rich quick" scheme. I suppose only time will tell.
http://en.wikipedia.org/wiki/List_of_World_Series_of_Poker_Main_Event_champions (notice entrants after 2003)
The difference is with poker people thought they might be able to do the same, but with the Bitcoin situation people will often think: "It's gone up so much, it can't possibly go up any further." This is a key difference so I don't think this will have much effect at all.
October 30, 2013, 01:49:22 PM
Koch cashed in a fifth of his earnings to buy a three-bedroom apartment in Oslo. 
http://now.msn.com/kristoffer-koch-norwegian-man-buys-apartment-with-bitcoin-profit
http://now.msn.com/kristoffer-koch-norwegian-man-buys-apartment-with-bitcoin-profit
October 30, 2013, 01:42:28 PM
Yup, people are gonna look at the charts and when they see the 2 year chart and that it survived 2 "bubbles" already. Well brace yourself then.
October 30, 2013, 01:37:10 PM
I used to play a lot of poker. Even semi-professionally for a while. I'll never forget the "boom switch" that was flipped on when an "average Joe" named Chris Moneymaker won the World Series of Poker in 2003, for $2.5 million, on a $40 initial investment...
People eat that shit up. Everyone wanted to get involved all of a sudden.
We could be priming for a huge bubble, which hopefully doesn't undermine Bitcoin's real value and innovation - not as a "get rich quick" scheme. I suppose only time will tell.
http://en.wikipedia.org/wiki/List_of_World_Series_of_Poker_Main_Event_champions (notice entrants after 2003)
People eat that shit up. Everyone wanted to get involved all of a sudden.
We could be priming for a huge bubble, which hopefully doesn't undermine Bitcoin's real value and innovation - not as a "get rich quick" scheme. I suppose only time will tell.
http://en.wikipedia.org/wiki/List_of_World_Series_of_Poker_Main_Event_champions (notice entrants after 2003)
October 30, 2013, 12:57:22 PM
Im more surprised he still have the wallet after 3 years.
I reinstalling computers much sonner
I reinstalling computers much sonner
October 30, 2013, 11:23:46 AM
That's really nice. Would love to spend $27 to get $886,000 sometime.
Buy some btc todsy. Might be worth it in s few years
Of course we hope so. Have been in Bitcoin for a while now.
October 30, 2013, 10:44:57 AM
That's really nice. Would love to spend $27 to get $886,000 sometime.
October 30, 2013, 03:54:24 AM
and its not like he was a true supporter.
It doesn't seem like he worked much, but he withdrew BTC5,000 from the market through good and bleak months, enabling a higher price, more interest, higher difficulty, more security, etc.
Now he is a true supporter given the fact that he sold only 20% after an unbelievable runup. Any man from the street would have sold all.
You don't consider people who use computers commonly a 'man on the street'?
Weird guy
October 30, 2013, 03:52:52 AM
and its not like he was a true supporter.
It doesn't seem like he worked much, but he withdrew BTC5,000 from the market through good and bleak months, enabling a higher price, more interest, higher difficulty, more security, etc.
Now he is a true supporter given the fact that he sold only 20% after an unbelievable runup. Any man from the street would have sold all.
October 30, 2013, 01:32:23 AM
Quote from: http://www.theguardian.com/technology/2013/oct/29/bitcoin-forgotten-currency-norway-oslo-home
Kristoffer Koch invested 150 kroner ($26.60) in 5,000 bitcoins in 2009, after discovering them during the course of writing a thesis on encryption. He promptly forgot about them until widespread media coverage of the anonymous, decentralised, peer-to-peer digital currency in April 2013 jogged his memory.
I know it was released earlier tonight, but this article should be one of the more bullish adoption catalysts as more press outlets pick up the story and everyday Main St. investors become more incentivized to participate in the Bitcoin market. Things like this really resonate with the common man.
Jump to: