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30,000 Bitcoins Sold for $0.03 Each, Now Valued at $800 Million
In the evolving Bitcoin market, stories of missed opportunities and astonishing deals abound – however, few are as eye-popping as this sale from August 30, 2010.
Unearthed by Bitcoin historian Pete Rizzo, a BitcoinTalk thread shows how an early Bitcoin user amassed 30,000 BTC, only to sell them for $0.03 each.
Then sold below market price, roughly $0.06 at the time, the sale netted $900. The same amount of Bitcoin, if sold today, would be worth over $810,000,000.
While few could have predicted the meteoric rise of Bitcoin to $27,000 in the years to come, it seems the seller in this case might have been motivated by an interest in disproving that the cryptocurrency would work at all.
Though there is only speculation in the thread, it shows that market participants at the time believed the seller to be William “Nenolod” Pitcock, a data center employee who is said to have amassed close to 100,000 BTC that he liquidated in 2010.
Speaking about another sale in July, he discussed his motivation was to spark a “bank rush,” writing: “The purpose was to demonstrate in two ways that the Bitcoin system can be attacked… [and] cause speculation in the bitcoin economy.”
While no connection between the events can be substantiated, the thread, buried in the archives of an early Bitcoin user forum, serves as a time capsule, transporting readers back to a moment when the true potential of Bitcoin was still shrouded in uncertainty.
While some may view it as a painful reminder of missed opportunities, others see it as a testament to the enduring allure that Bitcoin has created over the years.
Either wary, thanks to the sale, some lucky Bitcoiners were able to get bids filled at once-in-a-lifetime prices.
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REACTION: Trump Makes HISTORY, Shares Stage With Elon Musk At MASSIVE Butler Rally – SF468
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Reaction to the historic Trump rally in Butler, where Elon Musk jumped wildly with his fists in the air as he joined Donald Trump on stage for the first time. The dramatic appearance by Musk came as Trump returned to the Butler Farm Show grounds in Pennsylvania, where he survived an attempted assassination three months ago.
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Support free speech, go to http://rumble.com/premium/brand and use code BRAND for $10 off!
For financial peace of mind, call 1(800)-958-1000 or visit https://taxnetworkusa.com/brand
Reaction to the historic Trump rally in Butler, where Elon Musk jumped wildly with his fists in the air as he joined Donald Trump on stage for the first time. The dramatic appearance by Musk came as Trump returned to the Butler Farm Show grounds in Pennsylvania, where he survived an attempted assassination three months ago.
Check out my social medias and more – https://linktr.ee/RussellBrand
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7Oct24 David Knight UNABRIDGED – Govs, Sheriffs, Nullification & Parallel Society
Full description with topics by timecode to followFind out more about the show and where you can watch it at TheDavidKnightShow.comIf you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-showOr you can send a donation throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @DavidKnightShow@protonmail.comCash App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Money should have intrinsic value AND transactional privacy: Go to DavidKnight.gold for great deals on physical gold/silverFor 10% off Gerald Celente’s prescient Trends Journal, go to TrendsJournal.com and enter the code KNIGHTBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-real-david-knight-show–5282736/support.
Full description with topics by timecode to follow
Find out more about the show and where you can watch it at TheDavidKnightShow.com
If you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-show
Or you can send a donation through
Mail: David Knight POB 994 Kodak, TN 37764Zelle: @DavidKnightShow@protonmail.com
Cash App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7
Money should have intrinsic value AND transactional privacy:
Go to DavidKnight.gold for great deals on physical gold/silver
For 10% off Gerald Celente’s prescient Trends Journal, go to TrendsJournal.com and enter the code KNIGHT
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Tucker Carlson Releases EXPLOSIVE NEW Footage Of The Trump Assassination Attempt From Butler – SF467
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In today’s show I preview Tucker Carlson’s new never-before-seen footage of Donald Trump’s assassination attempt in Butler, which Jack Posobiec describes as “some of the rawest footage we’ve ever seen of those moments”. Plus, I’m joined by Dr Aseem Malhotra, producer and creator of “First! Do No Pharm”, the brilliant new documentary that exposes the ugly truth of how our health has been commodified and exploited for decades. Download the film here: www.nopharmfilm.com
Watch my new Locals series ‘The Oracles’ here: https://russellbrand.locals.com/upost/6159441/the-last-pandemic-and-the-next-pandemic
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In today’s show I preview Tucker Carlson’s new never-before-seen footage of Donald Trump’s assassination attempt in Butler, which Jack Posobiec describes as “some of the rawest footage we’ve ever seen of those moments”. Plus, I’m joined by Dr Aseem Malhotra, producer and creator of “First! Do No Pharm”, the brilliant new documentary that exposes the ugly truth of how our health has been commodified and exploited for decades. Download the film here: www.nopharmfilm.com
Watch my new Locals series ‘The Oracles’ here: https://russellbrand.locals.com/upost/6159441/the-last-pandemic-and-the-next-pandemic
Check out my social medias and more – https://linktr.ee/RussellBrand
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