Bitcoin is turning into real gold these days as the cryptocurrency is highly bullish these days. In a rather exciting and amusing event, a Reddit user recovered access to 127 BTC after eight years.
The user sold the regained Bitcoin for $4 Million.
Reddit User Finds 127 Bitcoin Lost 8 Years Ago
Reddit user with the name Bitcoinholderthanku found the private keys of the old Bitcoin Hodled in around 2011 worth $4 million and last accessed around eight years ago.
He was able to cash out 127 Bitcoin after recovering the lost tokens on December 22. After finding the lost Bitcoin, the user pondered over the ways to securely and safely liquidate the tokens and looked at various OTC principal desks to sell out BTC. He said that he ultimately ended up selling all 127 Bitcoins for a price of $33,439.02 per coin minus a 0.15% fee. The net was roughly $4.24 million.”
Redditor said that they earned the Bitcoin 12 years ago while playing games, filling random surveys, and doing arbitrary tasks on internet with an intent to buy in-game tokens for Dark Orbit, an online game. They had then forgotten the private keys for Bitcoin in an old computer. Bitcoinholderthanku said that they visited their grandpa’s house during the holidays and found the BTC private keys in an old Dell Computer on which he used to play the Dark Orbit game. He came across the .txt folder labeled Keys, in which he found his fortune. Redditor said that once they regained access to forgotten Bitcoin Keys, they liquidated them; however, if they would have hodled the token for few more weeks, they would have gained an additional $1 million profit.
Redditor said that he credits himself for Hodling Bitcoin for more than 8-9 years, which is more than most crypto users. While the user credited himself for Hodling Bitcoin and suddenly received an enormous amount, He said he would avoid any expensive luxuries and invest the S&P 500 stocks funds. He does not want to end up blowing all the money in a few months. Redditor said that he would live their life normally like before finding the lost bitcoin.
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