Tournament gave 25 bitcoins as prize to last places - page 3.

jostorres

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Quote from: tabas on February 20, 2023, 03:34:18 AM

The tournament held in 2011 where the price of bitcoin was still low where it's like from $0.3 to $3.
For context: Tournament's Last-Place Bitcoin Prize Could've Made Starcraft Losers Millionaires.

I wonder if any of those players that have won bitcoin kept a few or if there's a source where they've given statements on how they've kept or spent it after wards. If you'll ask me, even I, I might sell those if I saw it went up to $50 or $100 earlier in those years.

Maybe the organizer of the starcraft tournament was already into bitcoin before and saw potentials on it? They then say that maybe it was a good idea to include it in the prize but to make things interesting, they only award it on the last placers. They probably know that not many people knew Bitcoins that time but if some of those last placers know then they won't feel totally bad about it.

Bitcoin is not a secret anymore and many people are now into it but we are only wondering on why it wasn't included as one of the prizes even as a consolation prize only. Hmm? What could be the reason? But I think that was also the reason. Bitcoin is not rare anymore and anyone can just use their money or their cash prize to buy it.

Pandji02

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Yeah, I remember that. I was talking about that with my friends recently, this might be the first time when I heard about BTC maybe. How much time has passed since then...

OcTradism

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Quote from: kotajikikox on February 20, 2023, 07:16:07 PM

25 bitcoins , lol even if its 1 bitcoin is more than enough to take home today .

It is iconic but it was hosted in 2011. In that year, blockchain and cryptocurrency was smaller than now and Bitcoin is like a shit coin in eyes of the crowd. I am sure if you had sent bitcoins to someone in 2011, most of they would have either not cared about it or sold it instantly to get a few bucks.

I am so sure that if I receive 25 BTC in 2011, I would not care to save it, its private key and likely I lost it in the air too. Like people claimed 50 BTC from the first Bitcoin faucet by Gavin Andresen.

Cantsay

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Quote from: tabas on February 20, 2023, 03:34:18 AM

I wonder if any of those players that have won bitcoin kept a few or if there's a source where they've given statements on how they've kept or spent it after wards. If you'll ask me, even I, I might sell those if I saw it went up to $50 or $100 earlier in those years.

It's unlikely that they kept their coins theg must have sold as soon as the price rose.
Back then the traction of Bitcoin wasn't like it was today, just look at it the same way we view altcoins, as soon as the price of an altcoin that we are in possession of rise, I'm sure that 75% - 90% rush to sell to make profit that was how Bitcoin was back then most persons didn't believe Bitcoin would become what it is today. Even most of the people that claim that they were able to hodl theirs are those people that just abandoned their wallet without even having a single hope if it's going to worth something or not. If it was me I would sell off mine as soon as a single unit becomes $50 -$70

kotajikikox

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How I wonder what would be my life if I find this tournament that time and participated and become last place Grin

what would be the feeling of that least winner if he find the value of Bitcoin today considering if he forgot the bitcoin and just recover it today.

this would be the biggest prize ever given if being held today in a single tournament .

_______________________________

25 bitcoins , lol even if its 1 bitcoin is more than enough to take home today .

drwhobox

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Quote from: rat03gopoh on February 20, 2023, 04:25:49 AM

Honestly me too, lol.
Getting to a price of $50 per unit is a particularly dramatic mental struggle given that there isn't much reference to bitcoin's potential for the next 10 years to encourage someone to HODLing.

However by now, this story has become some of the references anyone today has to hold onto bitcoin any longer if they're looking for the price.

It would also be hard for me to hold them even if the price goes above 20$. There will be more wealthy bitcoin persons if people knows that bitcoin will come this far. Though there are people who hold them and store them future, like now, there was no strong community back then, so I think almost everyone sold their bitcoin from that tournament.

My theory is majority of people who got rich from bitcoin they forget their wallet and later they restore it LOL Grin

BlackHatCoiner

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Oh yeah, the Starcraft tournament... I wish I knew Starcraft in 2011. Tongue

Bitcoin really said "fuck you, Starcraft" in the upcoming days. Imagine listing the dollar as prize in the first three places, and then for the poor little guy who came fourth, 25 useless "BitCoins". "He can't spend them anywhere!" they must have said. Grin

worle1bm

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This is very old one and some users have posted about it earlier also but we can't regret or keep saying that it was lucky time for them if they have received btc as winning even on the last position also but we don't know if any of them stored their coins or sold them with few dollars only so maybe it was normal for them.Like we have faucets giving away 5 btc so if we were aware at that time and still hold it we would have been at different level.But still we can go to some profitable situation if we hold it long term.

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Quote from: Jawhead999 on February 20, 2023, 05:05:05 AM

If anyone curious with the original thread of the tournament, here's the link https://tl.net/forum/bw-tournaments/190866-aov-iccup-starleague

The winners who get 5th to 8th places are Kolll, Sziky, Heme and DeSka, those 25 Bitcoins are worth for $41.75 which is make sense 25 Bitcoins are appropriate reward for 5th to 8th places https://liquipedia.net/starcraft/AoV_iCCup_StarLeague

Anyway I don't find any information if they've sold their coins or not, but I believe they're either sell or lost the private keys because they're high likely only know the games and don't care with Bitcoin.

They might've sold it the same year.
There is a high chance that those who got Bitcoins at that time doesn't know the capabilities of Bitcoin. I mean they don't have a time machine so they don't know at that time that this will be the future of Bitcoin thus, when they got the Bitcoins they might sell it a few days after.

Nevertheless, I feel a bit of regret on that one, but I guess even the organizers of that tournament don't know what will happen to Bitcoin 5-10 years from now that's why they just made it as a consolation prize. I agree with what you said though that maybe the ones who got those Bitcoins aren't involved in cryptocurrency at all, and just focused on games.

Aanuoluwatofunmi

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Quote from: tabas on February 20, 2023, 03:34:18 AM

I wonder if any of those players that have won bitcoin kept a few or if there's a source where they've given statements on how they've kept or spent it after wards.

As a matter of fact, many people have been placed with this early days opportunities having bitcoin that could have amount millions of dollars by now, but the question is, even at this present days, people investing or earning bitcoin now may not all wait till after about years to past before they sell them out, which means people hodl and once they realizes little from their investment, they sell out, an average investor will only buy and hodl within the period of four years but it's rare to have someone holding for two halving to occur which is about eight years then sell, it would have turn a huge amount indeed.

Quote from: tabas on February 20, 2023, 03:34:18 AM

If you'll ask me, even I, I might sell those if I saw it went up to $50 or $100 earlier in those years.

Some sell because of fear whenever it's going dip, while some sell whenever it got a new ATH, but the fact is people still don't hold for that too long, they sell and buy again and the process continues,if you had bought at $30 and sell at $100 then i think you have realized something good, but after then, it may went down and still surge high to about $230 for instance after like 7 years, you may now be also saying, you would have hodl all these while, but getting in is never too late for bitcoin investors begin it will always have value.

Jawhead999

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If anyone curious with the original thread of the tournament, here's the link https://tl.net/forum/bw-tournaments/190866-aov-iccup-starleague

The winners who get 5th to 8th places are Kolll, Sziky, Heme and DeSka, those 25 Bitcoins are worth for $41.75 which is make sense 25 Bitcoins are appropriate reward for 5th to 8th places https://liquipedia.net/starcraft/AoV_iCCup_StarLeague

Anyway I don't find any information if they've sold their coins or not, but I believe they're either sell or lost the private keys because they're high likely only know the games and don't care with Bitcoin.

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Instead of looking at situations like these and wondering if the winners had held on to their bitcoins, it should rather show up our how far Bitcoin has come over the years and the level of adoption that has been attained in less than two decades.

It should also motivate you to hodl. Bitcoin enthusiasts today look back with regret if they had bought Bitcoin earlier and held on for 5-10 years to reach the ATH they aspire to sell at, but they struggle to hold for a few months or years even with the knowledge of the historical price chart.

rat03gopoh

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Quote from: tabas on February 20, 2023, 03:34:18 AM

If you'll ask me, even I, I might sell those if I saw it went up to $50 or $100 earlier in those years.

Honestly me too, lol.
Getting to a price of $50 per unit is a particularly dramatic mental struggle given that there isn't much reference to bitcoin's potential for the next 10 years to encourage someone to HODLing.

However by now, this story has become some of the references anyone today has to hold onto bitcoin any longer if they're looking for the price.

tabas

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I am not sure if this was already posted but it will give especially the newbies some idea on how bitcoin grown in over time, and how it looked like before. So, based on the image below it was the last prizes for the participants of Starcraft tournament from fifth to eight place got 25 bitcoins each.

The tournament held in 2011 where the price of bitcoin was still low where it's like from $0.3 to $3.
For context: Tournament's Last-Place Bitcoin Prize Could've Made Starcraft Losers Millionaires.

I wonder if any of those players that have won bitcoin kept a few or if there's a source where they've given statements on how they've kept or spent it after wards. If you'll ask me, even I, I might sell those if I saw it went up to $50 or $100 earlier in those years.

I'll be just giving the estimates for the last ATH and in today's time but we can conclude that most of them were sold already too early.
25 bitcoins * $69,000 = $1,725,000
25 bitcoins * $24,500 = $612,500

Right now, we usually see prizes coming from crypto casinos and I rarely see it become a prize to any tournament whether it's an actual physical sports or e-sports.

Link to another the same and interesting story of getting paid bitcoin earlier(2013): A painter received $50 worth of bitcoin on June 2013.

Topic: Tournament gave 25 bitcoins as prize to last places - page 3. (Read 594 times)