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Topic: What would you do if you received 20 bitcoins? - page 6. (Read 9775 times)

hero member
Activity: 574
Merit: 500
CoinBooster Rep
HODL,  obviously.
legendary
Activity: 1199
Merit: 1047
Your just sitting there and you get a notification that you have received 20 bitcoins out of nowhere. What would you do?

I'd try to make them grow, so I'd look for bitcoin investments. Like Bitfinex or Dicebitcoin.
member
Activity: 61
Merit: 10
I would in no time withdraw 10 of the BTC and party like never before and Hold the rest of 10 till it peaks
full member
Activity: 224
Merit: 100
I dunno because no one has sent me them.
newbie
Activity: 13
Merit: 0
40% of the time its traceable or something, i hope it can be traced so i can contact the sender or it wasn't a mistake, if it wasn't a mistake i would convert it to EUR and put that on my bank, if it can't be traced i would do the same as when it is not a mistake  Grin
full member
Activity: 238
Merit: 106
I was always wondering if this random payment is even possible. It would have to be someone who had your BTC address from before, right?

It's possible but not very probable:

Quote
The probability that a mistyped address is accepted as being valid is 1 in 2^32, that is, approximately 1 in 4.29 billion.
source: https://en.bitcoin.it/wiki/Address

If by chance an address mistype were a valid address then the sender loses the coins. The coins are sent to that address.

If that mistyped valid address is already in use then the user will receive the coin, but that again is a very small chance. Most addresses are not in use.

If it is not in use then the coins will still go to it.

I am not sure about the mechanism from here though? Say an unused address has coins deposited to it what happens to them, will some future user get lucky and generate a new wallet with that address only to find it with coin already in? I suspect wallet clients will check any newly minted addresses for transactions, if any found then forget it and generate a new one. In which case the coin is gone "forever".
legendary
Activity: 2590
Merit: 1022
Leading Crypto Sports Betting & Casino Platform
I think I would invest them in something related to Bitcoin Cheesy

this mean that you would spend them?
full member
Activity: 124
Merit: 100
I think I would invest them in something related to Bitcoin Cheesy
newbie
Activity: 3
Merit: 0
Buy a few vouchers for IT certifications I need and do maintenance on my car. Save the rest.
member
Activity: 63
Merit: 10
I would Jump into air at first and forget it completely for a year that it even existed,then come back and you know  Roll Eyes
hero member
Activity: 602
Merit: 500
I was always wondering if this random payment is even possible. It would have to be someone who had your BTC address from before, right?
full member
Activity: 238
Merit: 106
Put it in a cold wallet.

Activate a "google alert" for TX details, just in case some poor SOB was desperately trying to get it back, then I would get alert in my email that somebody somewhere was chattering about the TX and investigate the matter.

It would not be wise to publish that you had been mistakenly sent it, you would become a scammer magnet and then have to trawl through a never ending stream of bullshit.
sr. member
Activity: 322
Merit: 250
I would exchange it to euros or so. Then buy some good gaming computer and PS4 (because exclusives) and rest i would put to bank for some time

What would you use to commit suicide when in 5 years you find out you could have been rich?
staff
Activity: 2454
Merit: 1617
Crypto Swap Exchange
Screaming lol
I would sell 10 BTC to fiat, and then buy something from my wishlist, and save the rest. I will give some of it to poor people too as expression of my gratitude to the world.
member
Activity: 70
Merit: 10
I would exchange it to euros or so. Then buy some good gaming computer and PS4 (because exclusives) and rest i would put to bank for some time
member
Activity: 96
Merit: 25
I will donate it instead of pouring a bucket of ice-cold water over my head.
hero member
Activity: 784
Merit: 500
DeFixy.com - The future of Decentralization
I would post in this forum if there are someone misdirected to my address.
If there are no one who claim those coins I would HODL for a several fu*ckin years
newbie
Activity: 4
Merit: 0
I would sell the 20 btc now @ $500 and buy back lower, and repeat.. Smiley

How do you know It'll drop?  Tongue

I would wait till It starts dropping and only the sell.
sr. member
Activity: 448
Merit: 250
I would sell the 20 btc now @ $500 and buy back lower, and repeat.. Smiley
newbie
Activity: 4
Merit: 0
I would also hold them, if they would start dropping I would sell them, then buy at lower price again, but mainly till they have Its value I would hold them as investment expecting them to go up.
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