Even if I have bought that many BTC like that engineer from silicon valley in 2010, I would not have quit my day job and travel around. I mean there are sufficient case studies of countless people winning the lottery, quitting their day jobs and travelling around the globe in luxury but they will lose their fortune eventually in a few years time. Those who are interviewed regretted winning the grand prize as it made them feel sad or it led to argument between family members.
The big difference here, is that he did not won the lottery, he made an investment that paid big, he has higher education and knows very well what he is doing, also bitcoin will not stop going up in price and that will only make him richer, but I agree about not leaving his job, he should have kept his previous job and do it for more time that way if something goes wrong he has a backup plan. 
Topic: Software Engineer Buys 20,000 BTC in 2010, Quits Job to Travel Around Globe (Read 2117 times)
July 19, 2017, 09:34:19 PM
July 16, 2017, 12:38:14 AM
Even if I have bought that many BTC like that engineer from silicon valley in 2010, I would not have quit my day job and travel around. I mean there are sufficient case studies of countless people winning the lottery, quitting their day jobs and travelling around the globe in luxury but they will lose their fortune eventually in a few years time. Those who are interviewed regretted winning the grand prize as it made them feel sad or it led to argument between family members.
July 16, 2017, 12:30:44 AM
The recent meteoric rise of Bitcoin and other cryptocurrencies has led to the appearance of some unlikely millionaires. A recent interview by Forbes magazine shows just how powerful Bitcoin has been over the course of the past decade for those who invested early.
The interviewee, a former software engineer in Silicon Valley, asked to remain nameless. However, he did explain that he started purchasing Bitcoin in 2010 after doing some research. He decided that the purchase should be sizable enough to provide some real upside, should Bitcoin ever increase in value, and so he bought $3,000 worth, or, at the time, 20,000.
When the Bitcoin price really started to jump, he made his first sale of 1,000 Bitcoin, netting him $2.6 mln. Since then, he’s quit his day job and now travels the world, flying first class and staying only in five-star resorts.
After explaining his multiple sell-offs, and the $25 mln in profits he’s realized thus far, he explained that he sees Bitcoin values at $150,000 in the long term. “I really do think it will get there,” he says confidently, "But a lot of governments and companies will have to be on board, first. No amount of speculation in the world will push it that high.”
The interviewee, a former software engineer in Silicon Valley, asked to remain nameless. However, he did explain that he started purchasing Bitcoin in 2010 after doing some research. He decided that the purchase should be sizable enough to provide some real upside, should Bitcoin ever increase in value, and so he bought $3,000 worth, or, at the time, 20,000.
When the Bitcoin price really started to jump, he made his first sale of 1,000 Bitcoin, netting him $2.6 mln. Since then, he’s quit his day job and now travels the world, flying first class and staying only in five-star resorts.
After explaining his multiple sell-offs, and the $25 mln in profits he’s realized thus far, he explained that he sees Bitcoin values at $150,000 in the long term. “I really do think it will get there,” he says confidently, "But a lot of governments and companies will have to be on board, first. No amount of speculation in the world will push it that high.”
Well, i dream that kind of thing too, i wished that i knew bitcoin in 2010 so i buy many of them and hold them until now. If this story is legit or nah, i still like this kind of thing. I want to be rich like him and also want to travel around the world with my bae. This kind of thing will instantly make you a millionaire and makes me having fun all day and night. Goodjob to that guy, he has a great prediction and act wisely. He do research and analysis about bitcoin in the future.
July 16, 2017, 12:07:53 AM
that is one hell of growth and ROI.
i have said it again and will say it again. for all the people who wants to be millionaire.,
the bitcoin ship may look like has been sailed., because the price is high right now, and we cant invest that much to buy 10k/20k bitcoins., but what we can do is , invest in some other alcoin which has future and plan and busniness strategy and is already cheap., buy that altcoin as many as you can and hold on it.
if you see history of ether , stellar and ripple then you will know people made thousands of dollars on their investment.
so keep doing what makes you money and buy altcoins., and keep an eye on market.
i have said it again and will say it again. for all the people who wants to be millionaire.,
the bitcoin ship may look like has been sailed., because the price is high right now, and we cant invest that much to buy 10k/20k bitcoins., but what we can do is , invest in some other alcoin which has future and plan and busniness strategy and is already cheap., buy that altcoin as many as you can and hold on it.
if you see history of ether , stellar and ripple then you will know people made thousands of dollars on their investment.
so keep doing what makes you money and buy altcoins., and keep an eye on market.
July 15, 2017, 09:32:06 PM
There is no way to verify this story.
Unless, of course, the so-called millionaire signs a message from a 1000 BTC address saying that he is the one sighted in the article.
But who in his right mind will do something like that, to begin with why would you have a 1000BTC in a single address, if for some reason someone other than you gets access to the private key you will lose your money and unless you are very rich losing 1000BTC will be bad, it is better to have many addressees with 50 BTC each, also why would anyone sign a message to prove they own so many coins, it is like waving your credit report on the street for anyone to see.Unless, of course, the so-called millionaire signs a message from a 1000 BTC address saying that he is the one sighted in the article.
I don't know, but wouldn't one paper wallet be enough to store more than 1000BTC? I mean it can't get any safer right? Print it and store it in a Tresor
July 15, 2017, 08:34:00 PM
There is no way to verify this story.
Unless, of course, the so-called millionaire signs a message from a 1000 BTC address saying that he is the one sighted in the article.
But who in his right mind will do something like that, to begin with why would you have a 1000BTC in a single address, if for some reason someone other than you gets access to the private key you will lose your money and unless you are very rich losing 1000BTC will be bad, it is better to have many addressees with 50 BTC each, also why would anyone sign a message to prove they own so many coins, it is like waving your credit report on the street for anyone to see. Unless, of course, the so-called millionaire signs a message from a 1000 BTC address saying that he is the one sighted in the article.
July 13, 2017, 12:03:33 PM
I just wonder how it became possible for him to foresee the future. I read somewhere in 2009 and in 2010 the miners put bitcoins for sale in ebay but no one was ready to grab them. When trend was like that, if someone decided to grab 20k bitcoins in 2010 must be a genius who got capabilities to foresee what is going to happen.
I mean to say he must deserved the wealth he could get from his bitcoins. Buying some bitcoins in 2010 is not a big deal but holding them till date must be differentiating such people from rest.
Well, I think he just trusted it and see what will happen to it. Maybe he did a research about cryptocurrencies that time and was convinced that it will give positive results in the future. Another thing is that he is a Software engineer in the silicon valley! I'm sure he has a good wage salary over there and the price of bitcoin that time is so low it will make you feel like if you bought it, you will have nothing to lose, so it is a good investment from way back.I mean to say he must deserved the wealth he could get from his bitcoins. Buying some bitcoins in 2010 is not a big deal but holding them till date must be differentiating such people from rest.
After reading the actual article. i suppose this is the right one https://www.forbes.com/sites/bishopjordan/2017/07/07/bitcoin-millionaire/#5dd294086261 since op said forbes
He heard it from his geeky friends and got intrigued when the price increases tenfold since then he watched the market to see it first before investing which is a wise move .
youre right about he being paid well but why did he forgot his investment lol. he remembered it when bitcoin was getting popular back in 2013. that time hes ready to sell. what
a coincidence really. but i must agree that if this article is not another tool to sway people, the mas himself has the eyes not just because he chose bitcoin but already think
that time that the game was for long term basis.
July 13, 2017, 10:56:11 AM
It's unbelievable story for everybody but I believe this story it's my personal matter.
The one who atleast know about bitcoin's price history will easily believe in this story but some noobs and self claimed financial expert will always neglect this types of claims. I would love to be him.
July 13, 2017, 12:59:16 AM
We all dream with being that guy, but being at the right moment at the right time it's just too difficult. All we can do is work with what we have, and just knowing what bitcoin is in 2017 puts you ahead of 99% of the population. Owning some BTC already puts you ahead of pretty much everyone else outside this forum.
July 12, 2017, 10:55:56 PM
The recent meteoric rise of Bitcoin and other cryptocurrencies has led to the appearance of some unlikely millionaires. A recent interview by Forbes magazine shows just how powerful Bitcoin has been over the course of the past decade for those who invested early.
The interviewee, a former software engineer in Silicon Valley, asked to remain nameless. However, he did explain that he started purchasing Bitcoin in 2010 after doing some research. He decided that the purchase should be sizable enough to provide some real upside, should Bitcoin ever increase in value, and so he bought $3,000 worth, or, at the time, 20,000.
When the Bitcoin price really started to jump, he made his first sale of 1,000 Bitcoin, netting him $2.6 mln. Since then, he’s quit his day job and now travels the world, flying first class and staying only in five-star resorts.
After explaining his multiple sell-offs, and the $25 mln in profits he’s realized thus far, he explained that he sees Bitcoin values at $150,000 in the long term. “I really do think it will get there,” he says confidently, "But a lot of governments and companies will have to be on board, first. No amount of speculation in the world will push it that high.”
The interviewee, a former software engineer in Silicon Valley, asked to remain nameless. However, he did explain that he started purchasing Bitcoin in 2010 after doing some research. He decided that the purchase should be sizable enough to provide some real upside, should Bitcoin ever increase in value, and so he bought $3,000 worth, or, at the time, 20,000.
When the Bitcoin price really started to jump, he made his first sale of 1,000 Bitcoin, netting him $2.6 mln. Since then, he’s quit his day job and now travels the world, flying first class and staying only in five-star resorts.
After explaining his multiple sell-offs, and the $25 mln in profits he’s realized thus far, he explained that he sees Bitcoin values at $150,000 in the long term. “I really do think it will get there,” he says confidently, "But a lot of governments and companies will have to be on board, first. No amount of speculation in the world will push it that high.”
Clap clap, to him. Can't believe this guy had the insight to buy bitcoin back then, and not just a small amount for a joke or something, he bought a sizeable amount which means that he didn't fluke his way to become a millionaire, but he had actually researched and speculated correctly about the future for bitcoin. I agree with the last paragraph, and I can definitely can see bitcoin in the 10 thousands, but as he stated, it need government funding for that to happen and also goverment approval. The only way to support the blockchain and cryptocurrencies, is to make transactions with them, just keeping your bitcoin won't just promote bitcoin and educate people, we need to keep making purchases for bitcoin to go mainstream.
July 12, 2017, 09:16:14 PM
keep chasing those riches lads,maybe your 10000 elephantcoin will be worth something someday
July 12, 2017, 09:01:55 PM
It's a great story and really shows where BTC has come from and where it's heading!
July 12, 2017, 08:38:59 PM
Oh lord first time hearing a story of a person who actually bought bitcoin in early days and 20000 bitcoins is no joke if he sells everything at 3k he will just make 60 million dollars. Not going to be jealous of him as who thought we would see a day like this
July 12, 2017, 12:28:19 PM
It's unbelievable story for everybody but I believe this story it's my personal matter.
July 12, 2017, 11:30:29 AM
It really is a great story. I don't know if it is fake or not but can happened, why not. It is very rare to hear about story like this, not much people made this kind of financial achievement. This man believed in it and that other guy bought pizza for, how much? 10000 bitcoins?... I also think that it is pretty big amount to invest in something that is unknown. I am sure that he did lot of research but I don't know... 3000$ is big amount, pretty optimistic investment but he 'bet' hard and he won. Good for him 
This is a very clickbaity history to say the least... it could be real but lately all these news websites love to get stories like this of some guy having a ton of BTC from the early days, selling it and then enjoying their millionaire lifestyle. I think they are inciting people to sell. The conspiracy theorist in me thinks that they will start pushing this type of news to trigger panicselling along with the "blocks are full" FUD with the spam attacks. So dont fall for it and just hold.
July 12, 2017, 10:19:10 AM
Most of the Early investors have already been millionaires with bitcoin because even the one who have only bought or mined 500 bitcoins on those years can exchange it for more than a million dollar. 
If there will be time travel possible in future, I will be happy to got back to 2009
If there will be time travel possible in future, I will be happy to got back to 2009
July 12, 2017, 09:42:22 AM
From what I understand he sold some BTC in several batches at various prices and made 26 millions total, keeping some BTC for even higher prices. I expect he still has 1000 BTC or more.
July 12, 2017, 02:34:10 AM
That is very unlikely, being a software engineer and not having 2 powerful computers to mine instead of buying? was there any pool mining
Or ASIC miners in 2010 to make it impossible to mine solo? if I had that money I would be investing at least 1/3 of it back to mining to acquire
More of such coin that gave me so much profit. he sold them @2600 that means it was recently but I heard another story that he sold when
Price reached $1000 back in 2013, I don't know which one to trust. if he doesn't declare his holdings of Bitcoin to the government he could
Lose them all if they catch him at airports.
Or ASIC miners in 2010 to make it impossible to mine solo? if I had that money I would be investing at least 1/3 of it back to mining to acquire
More of such coin that gave me so much profit. he sold them @2600 that means it was recently but I heard another story that he sold when
Price reached $1000 back in 2013, I don't know which one to trust. if he doesn't declare his holdings of Bitcoin to the government he could
Lose them all if they catch him at airports.
July 12, 2017, 01:48:57 AM
I just wonder how it became possible for him to foresee the future. I read somewhere in 2009 and in 2010 the miners put bitcoins for sale in ebay but no one was ready to grab them. When trend was like that, if someone decided to grab 20k bitcoins in 2010 must be a genius who got capabilities to foresee what is going to happen.
I mean to say he must deserved the wealth he could get from his bitcoins. Buying some bitcoins in 2010 is not a big deal but holding them till date must be differentiating such people from rest.
Well, I think he just trusted it and see what will happen to it. Maybe he did a research about cryptocurrencies that time and was convinced that it will give positive results in the future. Another thing is that he is a Software engineer in the silicon valley! I'm sure he has a good wage salary over there and the price of bitcoin that time is so low it will make you feel like if you bought it, you will have nothing to lose, so it is a good investment from way back. I mean to say he must deserved the wealth he could get from his bitcoins. Buying some bitcoins in 2010 is not a big deal but holding them till date must be differentiating such people from rest.
July 12, 2017, 01:16:57 AM
The recent meteoric rise of Bitcoin and other cryptocurrencies has led to the appearance of some unlikely millionaires. A recent interview by Forbes magazine shows just how powerful Bitcoin has been over the course of the past decade for those who invested early.
The interviewee, a former software engineer in Silicon Valley, asked to remain nameless. However, he did explain that he started purchasing Bitcoin in 2010 after doing some research. He decided that the purchase should be sizable enough to provide some real upside, should Bitcoin ever increase in value, and so he bought $3,000 worth, or, at the time, 20,000.
When the Bitcoin price really started to jump, he made his first sale of 1,000 Bitcoin, netting him $2.6 mln. Since then, he’s quit his day job and now travels the world, flying first class and staying only in five-star resorts.
After explaining his multiple sell-offs, and the $25 mln in profits he’s realized thus far, he explained that he sees Bitcoin values at $150,000 in the long term. “I really do think it will get there,” he says confidently, "But a lot of governments and companies will have to be on board, first. No amount of speculation in the world will push it that high.”
If only we had known about bitcoin when it is still just starting, we might also end up the same with that software engineer. We all are wishing that we could go back in time and invest in bitcoin so that we will have a huge profit by this time but none of that matters now as it is impossible to do. The best thing to do now is work on what we have now and hopefully wishing that it would also turn the same for us in the future. Just keep stacking bitcoin! The interviewee, a former software engineer in Silicon Valley, asked to remain nameless. However, he did explain that he started purchasing Bitcoin in 2010 after doing some research. He decided that the purchase should be sizable enough to provide some real upside, should Bitcoin ever increase in value, and so he bought $3,000 worth, or, at the time, 20,000.
When the Bitcoin price really started to jump, he made his first sale of 1,000 Bitcoin, netting him $2.6 mln. Since then, he’s quit his day job and now travels the world, flying first class and staying only in five-star resorts.
After explaining his multiple sell-offs, and the $25 mln in profits he’s realized thus far, he explained that he sees Bitcoin values at $150,000 in the long term. “I really do think it will get there,” he says confidently, "But a lot of governments and companies will have to be on board, first. No amount of speculation in the world will push it that high.”
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