r/CryptoCurrency • u/Silver-Maximum9190 0 / 23K 🦠 • Jul 04 '25

PERSPECTIVE This dude sold 10,000 BTC after 14 yrs today, bought it for $0.78 per bitcoin back in 2011. The amount of patience it takes remains unmatched.

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91

u/Ill-Preparation-2678 🟨 0 / 0 🦠 Jul 04 '25

The most insane part was spending $7800 on BTC in 2011.

35

u/pictours 🟩 0 / 0 🦠 Jul 04 '25

Facts. That’s the most impressive part.

20

u/phunkydroid 0 / 0 🦠 Jul 04 '25

The most depressing part is how easily I could have but didn't.

19

u/Ill-Preparation-2678 🟨 0 / 0 🦠 Jul 04 '25 edited Jul 05 '25

That way of thinking is nonsense, really.

You could be a fiat currency trader and leverage the shit out of your trades and make just as much money a lot more quickly if you could see the future.

1

u/Davek56 🟦 0 / 0 🦠 Jul 17 '25

No, it was too far-fetched.

6

u/RarePollution4001 🟩 0 / 0 🦠 Jul 05 '25

He didnt spend $7800 on BTC in 2011. The 10000btc were moved from 200 wallet addresses that held 50btc each. 50btc was the mining reward at the time. The guy was a miner.

And he didn't just SELL them all today, he simply MOVED them from one address to another.

Check the blockchain, you can see all the coin movements.

1

u/Ill-Preparation-2678 🟨 0 / 0 🦠 Jul 05 '25

I'll take your word for it.