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Message
re: Someone sold 80K Bitcoin for $9.6B they bought in 2011 for $54K
Posted on 7/18/25 at 5:57 pm to Cosmo
Posted on 7/18/25 at 5:57 pm to Cosmo
quote:
I think i would have only sold half my BTC holdings
No kidding. You can do plenty with a couple of billion in USD. The speculative asset - BTC - got you that far...crazy not to let a few billion ride.
1
Posted on 7/18/25 at 5:58 pm to fallguy_1978
quote:
That takes some balls to watch 54k grow into hundreds of millions
The balls were putting $54K into bitcoin back in 2011
Posted on 7/18/25 at 6:07 pm to SquatchDawg
quote:
The balls were putting $54K into bitcoin back in 2011
Very likely someone who was fairly wealthy already. If this was some dude that really believed in crypto, and borrowed from his retirement account, he'd have cashed out a long time ago.
Posted on 7/18/25 at 6:14 pm to SquatchDawg
Yup, he could have purchased two very nice homes at that point in time with the cash. I’m guessing that amount was play money for him.
Posted on 7/18/25 at 6:24 pm to stout
It may be that dude that lost his bitcoin information in the garbage and his been scouring landfills ever since.
Posted on 7/18/25 at 6:35 pm to MRTigerFan
quote:
Because hookers and drug dealers don't take Bitcoin and I wanted to party
Some high end ones do
Posted on 7/18/25 at 6:36 pm to stout
Should’ve held out for an even 10 billion :)
Posted on 7/18/25 at 6:44 pm to fallguy_1978
quote:
Very likely someone who was fairly wealthy already. If this was some dude that really believed in crypto, and borrowed from his retirement account, he'd have cashed out a long time ago.
Or its a foreign government or maybe even the US government.
Posted on 7/18/25 at 6:46 pm to stout
quote:
Someone sold 80K Bitcoin for $9.6B they bought in 2011 for $54K
He will be a US cabinet member before sunup…
Posted on 7/18/25 at 7:16 pm to schexyoung
quote:
Why would anyone sell BTC for USD when BTC is so useful for daily transactions and the USD is just fiat trash?
When you can get 9.6 billion in USD it doesn’t matter if it’s fiat trash.
Posted on 7/18/25 at 7:17 pm to PCRammer
quote:
No way in hell i would have held out until its value was 9.6B. I would have blown my load at 10mil.
Someone lost the piece of paper he wrote the password to the wallet on then found it 14 years later
Posted on 7/18/25 at 7:20 pm to stout
"But, but, Bitcoin is a scam and only idiots buy it. " - morons
Posted on 7/18/25 at 7:25 pm to stout
why sell when it's supposedly going to $1million?
Posted on 7/18/25 at 7:27 pm to DVinBR
It’s all marginal after the first $5bn.
Posted on 7/18/25 at 7:28 pm to UncleRuckus
quote:I would honestly not be shocked if Wiki is a billionaire
Wiki
Posted on 7/18/25 at 7:42 pm to Pilot Tiger
I remember hearing Odell took his salary in bitcoin. Pretty sure it was later than 2011 but it must be pretty nice about now
Posted on 7/18/25 at 8:23 pm to SquatchDawg
quote:
The balls were putting $54K into bitcoin back in 2011
A friend in college tried to talk me into buying 1k around that time
It was more complicated then to do it and I didn’t really understand it. He said he would set it all up I just needed to remember the password and it was secure. I didn’t trust it, figured I’d get my money stolen and being in college didn’t have extra money to risk.
Would have been worth 177 million give or take today. Though i would likely sold when it was worth 500k maybe less
Posted on 7/18/25 at 8:56 pm to Longhorn Actual
quote:
No kidding. You can do plenty with a couple of billion in USD. The speculative asset - BTC - got you that far…crazy not to let a few billion ride.
…or, you could have $9.6B USD, and put that into stable assets, and even if you’re getting lame real returns like 1% annually, you still get $96M/yr.
Posted on 7/18/25 at 8:57 pm to stout
You could have bought it for 16K three years ago.
Posted on 7/18/25 at 9:13 pm to deltaland
quote:
When you can get 9.6 billion in USD it doesn’t matter if it’s fiat trash.
Yep. That's why I cashed it out.
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