Uncategorized

30,000 Bitcoins Sold for $0.03 Each, Now Valued at $800 Million

Published

11 months ago

August 30, 2023

admin

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.

Uncategorized

Obama Calls Kamala, Joe Biden Body Double Theory & Trump Meets Netanyahu After Congress Speech.

Published

3 hours ago

July 26, 2024

admin

Hope you enjoy today’s show! Have a good weekend.

My shop: DreamRare.com

Sponsor the show or get social media strategy to help your business: DreamRareBiz.com

This post was originally published on this site

Uncategorized

Fri 26Jul24 David Knight Show UNABRIDGED — Paris Train Attacks, 911 Eyewitness Videos, History Shows We CAN Abolish the Fed

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.

Published

6 hours ago

July 26, 2024

admin

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 37764
Zelle: @DavidKnightShow@protonmail.com
Cash App at: $davidknightshow
BTC 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

Become a supporter of this podcast: https://www.spreaker.com/podcast/the-real-david-knight-show–5282736/support.

This post was originally published on this site

Uncategorized

INTERVIEW Gerald Celente — 2024 Election Trend

The evil genius of a long laid plan to instill the ultimate puppet – Kamala HarrisGerald Celente, TrendsJournal.comElection — what happens if Lala Harris winsEconomy — interest rates, commercial real estate, bank failures, goldEmergency — war & peaceFind 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/silverBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-real-david-knight-show–5282736/support.

Published

6 hours ago

July 26, 2024

admin

The evil genius of a long laid plan to instill the ultimate puppet – Kamala Harris
Gerald Celente, TrendsJournal.com

Election — what happens if Lala Harris wins
Economy — interest rates, commercial real estate, bank failures, gold
Emergency — war & peace

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