Topic: [ThrowBack] from $27 to $886,000 (Read 1426 times)
similar thing happened to me but i didnt have a chance to buy lol
His story is a fantastic one. Lucky early investors!
It is called luck
He bought just for thesis and leave it and after 4 years the price soars that it can even buy an apartment.He is good investor if that is his idea as he has foresight in the future and it paids him a good um of money. But if you leave your wallet for that 4 long years, be sure to have a backup, with your keys or you'll lose it forever.yeah that is the best part of this. buying bitcoin without having any intention of keeping it as an investment and only for other purposes like for his thesis in this case.
and i am sure there are many similar stories like this who bought or even received free bitcoin in the early days like that faucet that paid 5BTC per claim.
This is really a classic and imagine if you were the one who sold two pizzas for 10,000 BTC! Maybe this is why there are so many alt-coins coming up, hoping that they will be just like bitcoin.
We shouldn't give up hope yet. Maybe if you invest now you might be rich (or slightly richer) in 5-10 years' time.
We shouldn't give up hope yet. Maybe if you invest now you might be rich (or slightly richer) in 5-10 years' time.
His story is a fantastic one. Lucky early investors!
It is called luck
He bought just for thesis and leave it and after 4 years the price soars that it can even buy an apartment.He is good investor if that is his idea as he has foresight in the future and it paids him a good um of money. But if you leave your wallet for that 4 long years, be sure to have a backup, with your keys or you'll lose it forever. 
His story is a fantastic one. Lucky early investors!
I dont think such huge price increase is possible anymore, because Bitcoin is now well estabilished and much less riskier investment than back in 2009. There should be price appreciation over time though, so definitively worth keeping part of my wealth in Bitcoin long term.
that type of return is now impossible but I think bitcoin can go two ways. either it stalls not too far off from the current price level, maybe that's because scaling never gets solved or something new catches on. in that case it'll gradually fade away or stay in its niche until mining grinds to a halt and leaves it too vulnerable to continue.
second option is that most of the stuff holding it back gets ironed out and the rest of the world actually starts to get interested and starts to roll with it. in that case your returns are still going to be very, very handsome and multiples of what they are now.
I've never heard of this guy. I know of bitcoin way back in 2013 but I've really never heard of this guy since I wasn't that much enthusiastic about bitcoins before.
But man! from $27 to $886k in just 4 years. That's one good successful investment he did! But imagine if he waited a few more years like up to this point, he might have ~$3.35M and that's enough for me to live in a small house in a far away island and live peacefully. (Jk I'd rather start my own business and reinvest some)
But man! from $27 to $886k in just 4 years. That's one good successful investment he did! But imagine if he waited a few more years like up to this point, he might have ~$3.35M and that's enough for me to live in a small house in a far away island and live peacefully. (Jk I'd rather start my own business and reinvest some)
For sure those person didnt believed he were able to make such income from 27 dollars, no one could predict it, the same way there are sucess histories around bitcoin, i remember read someone who send his disk with several bitcoins to trash, can you imagine being rich and wasted it because an act you made. I doubt if i were you or me would had waited any moment more to see where bitcoin could go, he made the right investment and the right choise.
That's actually fantastic, maybe people think that "you just have to wait til the price raise up and don't spend your Bitcoin. Well in fact, doing that is not an easy thing to do. You will always want to spend it even tho you know that you don't have to spend it, this guy was very lucky.
Well you can time lock your Bitcoins so you cant spend your Bitcoins sonner, but I dont recommend it even if you plan to hold your Bitcoins long term because you never know if you really gonna need the Bitcoins sonner.
I dont think such huge price increase is possible anymore, because Bitcoin is now well estabilished and much less riskier investment than back in 2009. There should be price appreciation over time though, so definitively worth keeping part of my wealth in Bitcoin long term.
That's actually fantastic, maybe people think that "you just have to wait til the price raise up and don't spend your Bitcoin. Well in fact, doing that is not an easy thing to do. You will always want to spend it even tho you know that you don't have to spend it, this guy was very lucky.
Wow! That's just so damn lucky! I also heard of a guy who had collected like 150 or so BTC and then forget about it, but when he found out that its now worth 65k dollars, he tried to open his wallet but couldn't as his hard disk went bad... so that was kinda shock too.
I think this has very little to do with luck... A lot of those people got lucky because they heard about it early... but deciding to invest in such a new technology... took a lot of guts. Yes, you might have
spend only a few dollars at the time, and you got a hand full of coins.. but it's still money and nobody just piss away money on every new thing that comes out on the market, uhm.. on second thought..
yes, they do.
... I know if someone told me about this back then... I would be more than sceptical and would possibly have written it off as a scam. 
It would be pretty difficult to predict such a huge rise.
And to respond to the person who you replied to: If that happened to me, I would spend several thousands of dollars to have a professional try and retrieve the data from that hard drive.
Wow! That's just so damn lucky! I also heard of a guy who had collected like 150 or so BTC and then forget about it, but when he found out that its now worth 65k dollars, he tried to open his wallet but couldn't as his hard disk went bad... so that was kinda shock too.
I think this has very little to do with luck... A lot of those people got lucky because they heard about it early... but deciding to invest in such a new technology... took a lot of guts. Yes, you might have
spend only a few dollars at the time, and you got a hand full of coins.. but it's still money and nobody just piss away money on every new thing that comes out on the market, uhm.. on second thought..
yes, they do.
... I know if someone told me about this back then... I would be more than sceptical and would possibly have written it off as a scam. 
I've never heard of this guy. I know of bitcoin way back in 2013 but I've really never heard of this guy since I wasn't that much enthusiastic about bitcoins before.
But man! from $27 to $886k in just 4 years. That's one good successful investment he did! But imagine if he waited a few more years like up to this point, he might have ~$3.35M and that's enough for me to live in a small house in a far away island and live peacefully. (Jk I'd rather start my own business and reinvest some)
But man! from $27 to $886k in just 4 years. That's one good successful investment he did! But imagine if he waited a few more years like up to this point, he might have ~$3.35M and that's enough for me to live in a small house in a far away island and live peacefully. (Jk I'd rather start my own business and reinvest some)
It's probably the same thing that's going to happen to people who start investing now and take another look to the price in 2020 or above .
I doubt the Bitcoin price can increase 30 000x as in the OP example even in next 30 years (20 million USD/Bitcoin), yet alone in about 5 years as you suggest. There might be price increase, but not so big one anymore.
I wonder how he could forget about the $27 in Bitcoin after writing the thesis though, as it is amount worth the time to get back. For example I would never leave $27 in paypal account with the intention to not use paypal anymore. Only one dollar or so in ballance might be not worth the time to claim anymore.
I know it's not going to rise that much but there will be a lot of profit (by taking in consideration that there will be another halving block reward before 2020 and many other events that could trigger price increase)
this was such a nice story, and I always wanted to see one of these stories about people who bought/used bitcoin back then in the very beginning. and the rise in those years was really huge over a year price went up a lot and in a couple of years bitcoin reached the ATH.
I am sure if I bought bitcoin back then I would have lost the private keys a while after and regret it for the rest of my life
I am sure if I bought bitcoin back then I would have lost the private keys a while after and regret it for the rest of my life
i found this old article on theguardian about a Norwegian guy bought $27 worth of bitcoin in 2009 not even knowing it can go that high, and in 2013 after finding out how much it is worth he recovered those coins and could buy a house with it.
https://www.theguardian.com/technology/2015/dec/09/bitcoin-forgotten-currency-norway-oslo-home
The price chart of that time if anybody was interested
https://www.theguardian.com/technology/2015/dec/09/bitcoin-forgotten-currency-norway-oslo-home
Quote
Kristoffer Koch invested 150 kroner ($26.60) in 5,000 bitcoins in 2009, after discovering them during the course of writing a thesis on encryption. He promptly forgot about them until widespread media coverage of the anonymous, decentralised, peer-to-peer digital currency in April 2013 jogged his memory.
The price chart of that time if anybody was interested
Lucky for him because it might go the other way around. If Bitcoin hasn’t become successful then he would just forget about it. Sometimes I would just wish that I had discovered it a few years ago then I would have become a millionaire too but then no one knows the future. Generally people do not adapt quickly to changes or be out of their comfort zone and try new things because they are afraid that it might ruin their current situation but sometimes in doing so, they were able to let an opportunity pass by that might change their life. In the case of the guy who bought it for his thesis, maybe it’s really destined that he will buy those bitcoins never realizing that in a few years, he will become a millionaire because of it.
It's probably the same thing that's going to happen to people who start investing now and take another look to the price in 2020 or above .
I dont think that the same thing will be happened again in the future. Maybe bitcoin price will increase in 2020 but not that big as what happened to that guy.
But if you think that the same thing is going to happen, so you can start to buy and collect btc as many as you can and good luck for that if you are going to do it.
So soon in 5 years i dont think so either , but if you think we are still considered early adopters , ofc it is hard that much heavy markets to moved and from 650 goes to 6500 and its only 10 times up not even close to 10.000 times up like from 0.07$ to 700$, but i believe also this will not happen btc price reach 6.500.000$
So keep your eyes & ears open for an alt! its more close to reallity to hit the x100 multiplier !
It's probably the same thing that's going to happen to people who start investing now and take another look to the price in 2020 or above .
I dont think that the same thing will be happened again in the future. Maybe bitcoin price will increase in 2020 but not that big as what happened to that guy.
But if you think that the same thing is going to happen, so you can start to buy and collect btc as many as you can and good luck for that if you are going to do it.
It's probably the same thing that's going to happen to people who start investing now and take another look to the price in 2020 or above .
I dont think that the same thing will be happened again in the future. Maybe bitcoin price will increase in 2020 but not that big as what happened to that guy.
But if you think that the same thing is going to happen, so you can start to buy and collect btc as many as you can and good luck for that if you are going to do it.
Wow! That's just so damn lucky! I also heard of a guy who had collected like 150 or so BTC and then forget about it, but when he found out that its now worth 65k dollars, he tried to open his wallet but couldn't as his hard disk went bad... so that was kinda shock too.
Haha, yeah lucky people like this can not be imitated. On the other hand the people at that time did not believe bitcoin, these people actually buy bitcoin and dare to take risks. And what would he even successful with bitcoin without him knowing. Very nice story
Wow! That's just so damn lucky! I also heard of a guy who had collected like 150 or so BTC and then forget about it, but when he found out that its now worth 65k dollars, he tried to open his wallet but couldn't as his hard disk went bad... so that was kinda shock too.
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