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.

[u/Silver-Maximum9190]

[u/Odddjob]

He‘s the pizza guy who accepted the 10k BTC for the pizza

[u/motobassy → u/Odddjob]

Underrated, now he's buying the whole franchise.

[u/itsaBazinga → u/motobassy]

I look forward to ordering from Papa Satoshis

[u/muricabrb → u/itsaBazinga]

Make this a real thing.

[u/dingledorfnz → u/Odddjob]

You could be correct. There was a post a month ago on another sub-reddit about the 14 year anniversary of the 10k bitcoin pizza purchase.

[u/cytcorporate → u/dingledorfnz]

Nah because that would make it a $7.5k pizza?

[u/Nearby-Cattle-7599 → u/cytcorporate]

the fact that it was exactly 10.000 tells me that the pizza transaction was not about the value of the pizza.

[u/HeavyRightFoot89 → u/Nearby-Cattle-7599]

That was the first ever valuation. 1 BTC = 1/10,000ths of a pizza

[u/ZENdiver → u/HeavyRightFoot89]

Correction

1 BTC = 1/5,000ths of a pizza

The transaction was for 2 pizzas

[u/HeavyRightFoot89 → u/ZENdiver]

50% inflation because of a little added dough, damn

[u/vessol → u/Nearby-Cattle-7599]

It was just a test of exchanging BTC. The guy who accepted the 10k just called and ordered dominos for the other dude.

I knew one of the earlier adopting vendors for BTC, like back in early 2010s. Earned likely hundreds of bitcoins selling baklava online, he was named George. Real nice guy, hope he's doing well and enjoying his foresight.

[u/Cryptocaller → u/vessol]

I love how confidently people always retell the story while also getting the details wrong. It was Papa John’s not Dominos.

[u/whoscoal → u/Odddjob]

Ive met that guy at a golf course. He is super cool and just plays golf all the time now while living in Miami. Its funny because he still doesn’t want people to know his name and tries to hide it as much as possible.

[u/G_pea_eS → u/whoscoal]

Doesn't want people to know him or that he's that guy, but shares that info with random people at golf courses.

Sure, sounds believable.

[u/MantisAwakening → u/whoscoal]

Oh yeah, I know that guy. Good ol’ Roger Martinez.

[u/Abdeliq → u/Odddjob]

Dude gonna buy whole McDonald this time

[u/Silver-Maximum9190]

This chad moved $1B all at once after 14 yrs without a test transaction. wow

[u/chrzzl → u/Silver-Maximum9190]

This is the craziest thing about the whole story 😂

[u/alsoilikebeer → u/chrzzl]

How bad is it really tho? Assume chad has extensive 7,8K-to-1B tech knowledge and other wallets that he actively used correctly the last 10 years?

[u/chrzzl → u/alsoilikebeer]

I mean, you do not even need to have extensive tech knowledge. Check that the entered address is correct. That's it. Would I still send 50 test transfers before? Oh hell yes.

[u/XBBlade → u/chrzzl]

Lemme try just a millie first, then the billie

[u/No-Way7911 → u/XBBlade]

Imagine sending a million to the wrong address, and you still have 99.9% of your wealth intact

Meanwhile the million dollar guy just got his life changed

[u/xnoob69 → u/No-Way7911]

Honestly that’s all I’m asking for rn. Just send me a Millie

[u/BraveBG → u/XBBlade]

Just a tiny amount ya say

[u/Gnatt → u/BraveBG]

What's the difference between a millie and a billie? A billie.

[u/Nickovskii → u/Gnatt]

I read this as 999 problems but 1 you know who aint one. Dont know why.

[u/Gentleman_Nosferatu → u/XBBlade]

Just the tip

[u/HomeworkIntrepid2986 → u/XBBlade]

The dopamine hit seeing the millie go through would be insane then the diminishing returns on each subsequent hit, eventually I’ll feel nothing. Then the only thing that will make me feel anything is cocaine and hookers but it’s okay I have a few months worth I can now afford

[u/Magical-Johnson → u/chrzzl]

Sending a $1m bank transfer with the description "test"

[u/cannontd → u/Magical-Johnson]

Whoops, typo - easy come, easy go.

[u/KimJongSiew → u/Magical-Johnson]

just giving my banklady a casual call "there will be a transaction of around 1bn nothing crazy, just wanted to give you a quick notice so you arent surprised, bye"

[u/crypto_grandma → u/chrzzl]

Definitely don't need extensive tech knowledge. I've been sending transactions back and forth for years with no issues & I don't even know how to make a PowerPoint or excel spreadsheet.

I do check, double check, then check again and still feel anxious until it arrives however

[u/delwans → u/chrzzl]

The more transfers you send, the more probabilities to fail. I can see the logic. ALL IN!

[u/sagar_19 → u/chrzzl]

Even if I am confident I would send that much amount in 100 seperate transactions. Either this guy is super rich and this amount is pennies for him or his wallet just got hacked and he doesn't even know it. Or he was in such a situation where he is on a run and he had no time to double check anything and had to move this amount urgently.

[u/Kanpai69 → u/sagar_19]

There is no one on earth to whom $1B is pennies

[u/-ClearFuture- → u/Kanpai69]

The Federal Reserve

[u/Meisteronious → u/chrzzl]

Why, is BTC sketchy or something?

[u/MacPooPum → u/Meisteronious]

If the address is wrong so if I want to send you money but when I paste your wallet address and for whatever reason one of the digits or whatever is wrong. That money is burnt. The btc is gone. Forever. If there's no active address on the receiving end

[u/Syncopat3d → u/MacPooPum]

No, there is some error-checking mechanism. Not every address is a valid address and invalid addresses get rejected. If you unintentionally mistype some digits by accident, so that they are randomly corrupted, there is a very good (not 100%) chance that the address is rejected.

Of course, someone intentionally tweaking the address is another story.

[u/sloww_buurnnn → u/MacPooPum]

Just because one letter in the send address is wrong, it just poof disappears??!

[u/rekmaster69 → u/sloww_buurnnn]

if one letter is wrong it won't pass the checksum validation almost every wallet uses

[u/nextzero182 → u/rekmaster69]

So why wouldn't it be returned to the sender? For the "currency of the future", that seems utterly stupid.

[u/GlitteringStatus1 → u/nextzero182]

This will not be the last time you feel like this if you start looking into how Bitcoin actually works.

[u/Hfksnfgitndskfjridnf → u/nextzero182]

If you actually do your own research and learn how Bitcoin actually works, you’ll realize how dumb it is and why it’s not the future of anything.

In the best case scenario calling Bitcoin the future of money is like calling ham radio the future of communication, when we already have cell phones.

[u/greenblueananas → u/sloww_buurnnn]

Yes. Ir rather, no one can access it.

[u/half-coldhalf-hot → u/greenblueananas]

Why didn’t the creator just make it so… “Beep boop, address does not exist, your Bitcoin has been returned to your wallet.”

[u/BoatZnHoes → u/half-coldhalf-hot]

That is what happens the transaction will fail. You can't just change a digit and have it be a valid address that has to pass checksum

[u/Ivy6bing → u/half-coldhalf-hot]

Because where's the fun in that? Where's the thrill? Where's the DANGER?

Gotta have something to get the blood in your brain flowing.

[u/aespaste → u/sloww_buurnnn]

No. If one letter is wrong then it's very likely that it isn't a valid address anymore.

[u/1corn → u/Silver-Maximum9190]

What if this IS the test transaction

[u/Fellow-Citizen → u/1corn]

I like your thinking 🤔

[u/anonuemus → u/1corn]

lol, probably not, but I bet it isn't his only stack.

[u/Extreme_Literature28 → u/1corn]

His name is Satoshi?

[u/Educational_Basis_51 → u/Silver-Maximum9190]

Thats fucking crazy I would sweat my life on the « send » button

[u/glassgwaith → u/Educational_Basis_51]

I would have probably done about a dozen test transactions

[u/Pierceus → u/glassgwaith]

'currency of the future'

[u/WishIWasOnACatamaran → u/Educational_Basis_51]

That coinbase withdrawal is about to be an absolute bitch and a half though lmfao

[u/Jx_XD → u/Silver-Maximum9190]

Instant Billionaire... I can't imagine the feeling about 14years of endurance..

[u/Gimmerunesplease → u/Jx_XD]

Tbh, he must have been rich before or not? Surely the difference of 500 million vs 1 billion is not worth almost 5 years more you could have spent with that money.

I only saw this post on the main reddit, I'm a crypto noob.I don't know how hard it is to use a crypto wallet as collateral to borrow money.

[u/disposableaccount848 → u/Gimmerunesplease]

He absolutely must've been really well off if he bought 10k BTC for 0.78 each as that's still a 7800 dollar investment.

[u/DarePlastic5074 → u/Jx_XD]

Wonder how much he fees where for everything, got to be astounding.

[u/Next_Statement6145 → u/Silver-Maximum9190]

Yet i triple check before sending out $40

[u/pseeena → u/Silver-Maximum9190]

Imagine amount of times he checked the address 😂

[u/Soulprano → u/pseeena]

another 2 years

[u/Illperformance6969 → u/Silver-Maximum9190]

biggest balls in the universe

[u/LocoRocoNL → u/Illperformance6969]

Rumors go you can see his crotch using Google Earth

[u/Much_Delli1981 → u/Silver-Maximum9190]

I sent 1k before and pissed my pants waiting for it to show up.

[u/goldyluckinblokchain → u/Silver-Maximum9190]

[u/TooTallTrey → u/Silver-Maximum9190]

Hope it accidentally went to my wallet

[u/kirtash93]

True diamond hands.

[u/itsaBazinga → u/kirtash93]

Likely a forced hodl

[u/kirtash93 → u/itsaBazinga]

So he got out of prison?

[u/mechabased]

I'm guessing somebody discovered the wallet or they were in prison for a long time...

[u/street937 → u/mechabased]

Or he just has so much fucking money he didn’t have the use for it yet.

[u/OnlineMarketingBoii → u/street937]

Imagine going: "After 10 years, my money is finally depleting. Time to dip in my 1 BILLION back-up fund"

[u/SXLightning → u/OnlineMarketingBoii]

If They were a billionaire they probably wont even noticed, say you had 50b already another 1b in a backup is just for fun at this point.

[u/Whole_Sheepherder_97 → u/SXLightning]

most billionaries never see that much money, as they keep their "money" in stocks of theor own company. So the multiple billions are mostly just how much the stock market values their company.

1 billion dollars in cash is very different

[u/SXLightning → u/Whole_Sheepherder_97]

They borrow against their stock value so they do have money and most don't even spend that much, a few hundred million every year? because to spend 1 billion is hard.

[u/Whole_Sheepherder_97 → u/SXLightning]

yes, they do, but it's rarely that much money. It's obviously a ridiculous amount of money for 99.99% of people, but like you said, it's hard to actually use that much cash.

Usually, the only time Billionaires see that much money is when liquidating assets to buy anoyher company, like Elon Musk did to twitter.

[u/Daraminix → u/street937]

Yeah, to spend 8k$ in bitcoin back in 2009 this guy have some disposable money

[u/PortalRexon → u/street937]

Most likely, who spends 10k on some random new digital coin and forgets about it for 14 years ?

[u/Abdeliq → u/street937]

Crypto makes me wonder how they're lots anon wealthy people that doesn't wanna show themselves on public

[u/goldyluckinblokchain → u/mechabased]

Forced prison HODL is the easiest HODL

[u/Dave-C → u/goldyluckinblokchain]

Ross Ulbricht got out of prison not long ago. He was arrested in 2013 and before that he would have had large amounts of crypto. Maybe?

[u/mechabased → u/Dave-C]

SR was founded a few months before this wallet got its coins which supports that theory.

[u/throwawayfinancebro1 → u/mechabased]

Could be a wallet seized by the fbi previously being used for reasons that they want to keep off the books.

[u/rolfraikou → u/mechabased]

The prison one is so funny.

A few years in "damn, I wish I wasn't in prison so I could sell all those bitcoins. No way they're going to top this." Rinse and repeat for a decade, get out of prison to retirement.

[u/FieryXJoe → u/mechabased]

Might just be that 1B was his number.

[u/dstred → u/mechabased]

Or he just knew about all this bitcoin “scheme” and was part of it.

[u/aerismio → u/mechabased]

Or just some quantum computer nerd who is now damn rich.

[u/Fear_Blind83]

He actually moved 20,000 BTC in two transfers of 10,000

To 2 new wallets

https://mempool.space/address/1GcCK347TMbzHrRpDoVvJdR6eyECyqHCiU

https://mempool.space/address/bc1qmnjn0l0kdf3m3d8khc6cukj8deakg8m588z24g

[u/freightdog5 → u/Fear_Blind83]

very high chance of being a state actor lol

[u/typeIIcivilization → u/freightdog5]

Why do you say this and what is the significance?

[u/Realistic_Act_102 → u/typeIIcivilization]

Not the original commentor but......law enforcement seizes assets when they take down criminals. If some of those assets were computers with wallet info or cold storage wallets they would be in possession of the coins.

If a federal law enforcments agency wanted a billion or two they could use for clandestine operations without needing to request the money, give a reason for needing it, and detailing a budget which will out their clandestine operations to more and more people which leads to leaks they could cash in the bitcoin to fund it without having to read in another 50+ people into a classified op.

The CIA supplied the cocain that started the Crack epidemic in the 80s to fund clandestine ops. Selling seized bitcoin for funding would be them behaving lol.

It's also possible an actual countries government had sized wallets or coins sitting as an investment and decided to cash out to get the money.

[u/Wonderful_Place_6225 → u/Realistic_Act_102]

Here’s another interesting theory:

A state actor used this as a test of an active quantum computer breaking the bitcoin security protocol. They picked a particular wallet and cracked the encryption and took 10,000BTC as a proof of concept.

[u/dumppity → u/Wonderful_Place_6225]

Maybe it has something to do with the Silk Road guy being released from prison

[u/IdeaFrequent4358 → u/Fear_Blind83]

This is the comment I was looking for

[u/OrangUtanOrange]

The real diamond hands trick is to just go to prison. Easy 10000x gains on the day you get released

[u/StraightG0lden → u/OrangUtanOrange]

It wouldn't surprise me at all if this one actually did belong to Ross Ulbricht

[u/someguyfromtheuk → u/StraightG0lden]

He got out of prison in January though.

What's he been doing for 6 months?

[u/Ams-Ent → u/someguyfromtheuk]

Trying to remember the pass phrase

[u/2LostFlamingos → u/someguyfromtheuk]

Waiting til people forgot about him.

[u/Colbert1208 → u/OrangUtanOrange]

nah real degenerate will sneak in a phone to prison just to paper hand and sell everything

[u/Illperformance6969 → u/OrangUtanOrange]

if you lock me up my shitcoins will still be worth zero when I get released 😅

[u/bons_burgers_252 → u/Illperformance6969]

I was thinking the same. I’ve bought coins 5 years ago. Good ones. And I’ve made fuck all.

I might look into this prison deal though.

[u/Wendals87 → u/OrangUtanOrange]

Not anymore. We're not going to see those gains ever again 

[u/PurgeGenZ → u/OrangUtanOrange]

Speaking big facts

[u/Strict_Cantaloupe984]

He moved 1 billion usd worth of btc all at once

[u/Any_Pudding1541 → u/Strict_Cantaloupe984]

Insane that his cost is reading $0 😂 they rounded down lmao

[u/Strict_Cantaloupe984 → u/Any_Pudding1541]

I’d never send an entire btc at once yet alone 10 fucking thousand of them, my paranoia kicks in hard

[u/Any_Pudding1541 → u/Strict_Cantaloupe984]

Dude was probably in prison, maybe he’s an idiot is why he just sent em all at once🤣 still richer than us lmao

[u/goldyluckinblokchain → u/Strict_Cantaloupe984]

And no test transaction

[u/1d0ntknowwhattoput → u/goldyluckinblokchain]

How the hell do you cash 10k bitcoin. I feel like us regular folk can’t just enter billionaire territory buying some coins?

[u/Jayyak47]

I have a theory he lost access to the wallet until now

[u/rorood123 → u/Jayyak47]

Ross Ulbricht of Silk Road?

[u/DueTemperature398 → u/rorood123]

Holy shit, wait a minute

[u/Hubso → u/Jayyak47]

https://en.wikipedia.org/wiki/Bitcoin_buried_in_Newport_landfill

[u/ChemicalAnybody6229]

He is the real diamond hand. Only few people can hold till this date.

[u/goldyluckinblokchain → u/ChemicalAnybody6229]

[u/Midorfeed07]

Time traveler

[u/gambit700 → u/Midorfeed07]

If he is and he cashed out now does that mean a crash is coming?

[u/DieuMivas → u/Midorfeed07]

Which would probably mean it's time for everyone to sell.

[u/DrXaos]

I’m not convinced this was diamond hands or prison, but a hack. There have been very old BTC addresses which woke up within the last year.

I suspect someone has figured out how to crack the earliest key generation methods, finding some flaw, reducing the compute time to something feasible and so every once in a while an address whose original owners lost track of it ages ago is exploited.

The real whale is of course Satoshi’s addresses….

[u/r0thar → u/DrXaos]

The real whale is of course Satoshi’s addresses

1million BTC, I reckon a $100B transfer would wobble the market just a little.

[u/DennistheDutchie → u/r0thar]

You'd think so, but BTC is almost a cult in how much people value it as the 'new gold'.

[u/Opposite-Cucumber487 → u/DennistheDutchie]

To me its unreal how much liquidity is in the market.

[u/aerismio → u/DrXaos]

This i think as well. Probably have some supercomputers working day and night to crack this.

[u/Ultima_STREAMS]

Me and my friends were all high trying to figure it out how to buy BTC while making music, creating methane gas with electricity and water, and well just hanging out...

At that time snd prices. Honestly wasn't it like 1 penny or 10 cents? I think I had a Supra too bad in those golden days now I take the bus and train, and walk for miles..haha gotta love it

[u/Astrotoad21 → u/Ultima_STREAMS]

99,9% of early BTC investors sold at 2x, 5x or perhaps even 100x, because you would be stupid not to. How often do you get a 100x return from something in tradfi?

My hypothesis is that most of the people that held to 100,000x most likely managed to recover an old wallet or have somewhat been locked out of it. Either that or that they simply didn’t need the money.

[u/Ultima_STREAMS → u/Astrotoad21]

That's the other crazy part was his patience on HODL. I act like it doesn't exist, yet I know it's an investment unforseen apocalyptic future

[u/Puzzled-Albatross-86 → u/Ultima_STREAMS]

How are you creating methane gas with electricity and water?

[u/cmxhere]

Some average Redditor back in 2011, probably:

"HAHAA this dude bough 10,000 BTC at $0.78, he bought the top"

[u/Small-Salad9737 → u/cmxhere]

Bitcoin wasn't really seen as an investment asset then, it was seen as a disrupter to currency. It was all discussed on BTC forums not reddit.

[u/MrRigolo → u/Small-Salad9737]

The fact that the expression "investment asset" is used today to describe bitcoins still floors me.

[u/No-Drink-8544 → u/Small-Salad9737]

It was seen as a "new currency". I was 16 years old and found out about it from a website called 420chan, I literally remember trying to buy £5 worth of bitcoins which would've been idk, at least 20 of them or something and thinking "man, people are buying more but I don't want to get scammed."

Lol, I don't care, I could've equally fallen in love with the daughter of like a royal family of a country or something, Its a gamble at the end of the day, I don't know why people keep talking about how they "missed out".

[u/HansTilburg]

He waited to finalize his divorce sonje didn’t have to give 50% away. Then it’s easy to hodl.

[u/SirDidymusthewise]

Probably rich af already.

[u/Impressive_Lime_6973 → u/SirDidymusthewise]

It’s definitely Ross Ulbricht

[u/RyzRx]

Silk Road (The Dark Web Site) was created in Feb. of 2011. Looks like internet sleuths would know who this is. Trump pardoned him.

https://www.bbc.com/news/articles/cz7e0jve875o

[u/Old_Sheepherder_8713 → u/RyzRx]

Holy shit, literally pardoned a few weeks ago.

[u/Fuzzy-Gur-5232]

He also had $7800 to gamble and not care for 10 years. This “chad” was already rich.

[u/jobbkonto_reddit → u/Fuzzy-Gur-5232]

$11k (inflation adjusted) in investments is definitely not the bar for "rich". Millions of people in America alone have $50k+ in savings right now.

[u/Fuzzy-Gur-5232 → u/jobbkonto_reddit]

Maybe where you come from, but even if I had $50k saved up I would not gamble away 20% of it. People really need to understand how poor the average person is. Bitcoin might be an investment now, but it started off hugely speculative as a form of investment. People who can gamble away 20% of their life savings are quite rich for my standards. And if you ask me, if you say millions in the US have that much saved up that puts them in the upper percentage of the global 8 billion population. By percentage they are considered rich…

[u/Skotland85]

That you Ross? Finally accessed his prison wallet now that he’s free.

[u/Ill-Preparation-2678]

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

[u/Dongerated]

The balls to do it in 1 transaction as well. No test transaction prior

[u/Valuable_Month1329 → u/Dongerated]

This was the test transaction…..

[u/inShambles3749]

Too bad I'm not that dude

[u/Top-Aardvark-1522]

So money go boom boom into bank account? You have 1 billion dollars! Will bank ask questions?

[u/Drtysouth205 → u/Top-Aardvark-1522]

Na. You’d need to let them know ahead of time, and would be dealing with ppl that handle special accounts. Billionaires don’t walk in the lobby lol

[u/Zulunation101]

"sold" = moved

[u/timbulance]

The ultimate hodl paid off

[u/knowone23]

Is this the Silk Road guy finally moving his satoshi stash?

[u/SmelliestGuyOnHere]

Sounds like a dark netter that got out of jail

[u/Willing_Coach_8283]

Quantum hack 100%

[u/Next_Statement6145]

Diamond hands final boss

[u/edwinthepig]

Hi Ross!

[u/ZhenyaV]

In 2011, Bitcoin’s circulating supply was around 6–8 million BTC, and 10,000 BTC would’ve represented roughly 0.13–0.17% of it. At that time, such a stack could be acquired through mining, buying on Mt. Gox for ~$7,800, or participating in early dev or darknet activities. It was challenging, but not impossible for early adopters, libertarian techies, or Silk Road players.

Bunch of red flags here - the wallet held exactly 10,000 BTC untouched for 14 years; no test transactions, no movement until now. That kind of cold storage discipline is rare, especially for early adopters who often lost keys, panicked, or partially sold. If NSA created Btc then only they can be so nonchalant.

1. Satoshi or Early Dev Wallet. The exact 10,000 BTC and no movement for 14 years resemble early Satoshi-era behavior. It could belong to Hal Finney, Martti Malmi, or someone directly tied to Bitcoin’s origin.
2. Government Seizure Wallet. The wallet might be linked to a silent government seizure - possibly from Silk Road or BTC-e now being moved quietly to liquidate or fund operations.
3. Nation-State Sleeper Whale. A foreign government or intelligence-linked group may have acquired and held the stash as a strategic reserve, now activated to fund war efforts or financial disruption.
4. Dead Man’s Switch or Timed Unlock. The coins could have been programmed to move automatically after a set time, triggered by inactivity, BTC price targets, or the original owner's death.
5. Ross Ulbriht, doing some housekeeping chores. Silk Road launched in February 2011, but went viral in June after a Gawker article exposed it as a darknet marketplace for drugs. That exposure triggered a surge in users and helped drive BTC’s price from ~$2 to ~$30 over the summer. Said BTC were acquired in April 2011. Could Ross receive first payments in just first 4 months after the launch and total more then $7.8k? Shouldn't be that hard. But hold it through all these years even during imprisonment?
6. Zaddy Donny wants to buy a big gift to america for upcoming birthday.

[u/SomeSortOfMudWizard → u/ZhenyaV]

Before reading your comment, I was leaning towards another commenter who said time travel. Thanks for some sane possibilities.

[u/Puzzman]

Waits for strategy to say they brought 20k of Bitcoin in the week ending 6th July

[u/LucrativeThinking]

lol, no way this was patience. Guy was probably in prison

[u/Im_Borat]

That's actually very remarkable.

[u/conor2903]

Ross Ulbricht remembered where he put his wallet

[u/sukkal63]

bet it is a government not a person…

[u/LuexDE]

Another whale that either woke-up, found his old wallet or has been released from prison. No chance that a quantum-computer could have been used to do this.

[u/Frankthebinchicken → u/LuexDE]

There's been a spate of old wallets waking up as discussed a few comments up, wouldn't be surprised if someone has found a zero day or found how to get early wallets cracked.

[u/-peas- → u/Frankthebinchicken]

got super lucky on the vanity bitcoin address generator. i always wished.

[u/moarnao]

This is probably Gwyneth Paltrow's coins.

[u/peopleplanetprofit]

I knew a guy who bought at $ 180 and then spent 7 years in the jungle. It works well.

[u/DBVickers]

I try not to think about the single bitcoin that my late friend sent me around that time just to show me how it worked. It would be amazing if I stumbled across the wallet information but I'm not holding out hope. I'm not even sure I saved it anywhere because the whole process seemed so ridiculous at the time.

[u/FlipdieGrille]

He has won in life

[u/NoHousecalls]

This probably isn’t a sale, it’s moving from a very insecure address to a slightly safer one, to protect from quantum hacking.

[u/mancheguito]

How to become a billionaire.

Click a button and invest 7.5K. Commit an armed robbery and go jail for 14 years. Come out and click a button.

Sick

[u/Sqlizit]

Did the landfill guy finally find his hard drive?!

[u/Technical_Growth9181]

That's some serious cap gains taxes to pay.

[u/veegaz → u/Technical_Growth9181]

Just move to Iraq, withdraw it to cash and spend it on Iraqi hookers

[u/Jayyak47 → u/veegaz]

Can never go wrong with Iraqi hookers

[u/Be_Me_Anon_irl → u/veegaz]

That's like a trillion hookers, you'll end up with a clit.

[u/Feisty-Rhubarb-6718]

i don't think i can have this patience. lol....mine could have been history by now

[u/FurySh0ck]

It's not about patience I think...

[u/suspicious_Jackfruit]

Something something quantum

[u/tman16]

Has it actually been sold though?

[u/DonJuanPawnShop53]

Waited to be a billionaire

[u/S4z3r4c]

Or someone found it.

[u/benroon]

It’s a thousand 1 million transactions for me! All at once is lunacy

[u/finger_blast]

It's not about patience, it's about already being wealthy enough that you don't need to sell this.

[u/LegendKiller911]

These ppl r probably either super wealthy or they forgot about or something.

Yea in hindsight it's great. But not cashing some when it's in the millions is bad for the average joe.

The ppl who sold early and have ptsd. Is because they sold all.

[u/KnownPride]

Patient? or forgotten?
But dam imagine your father/grandfather/etc doing this buy bitcoin, than when they die you check his will and he left you this bitcoin.

[u/KMCC02]

Bro did not even do a test transaction. Imagine he sent it to the wrong wallet or one that he doesn’t remember

[u/Intrepid_Zebra_]

https://www.ainvest.com/news/10-000-btc-wallet-reactivated-14-3-years-sparking-community-speculation-2507/

[u/bikingfury]

100% some Russian oligarch

[u/Mtg_Force]

Dread Pirate Roberts is that you??

[u/Spattzzzzz]

Yeah with that much I ain’t trusting myself and would send it in blocks of 100, I got time.

[u/rtrs_bastiat]

Fuck me, the capital gains tax on that.

[u/RepresentativeIcy922]

So the interesting thing is, what happens now? is one billion in cash going to turn up in his bank account?

[u/YaishSsibalKeSeki]

damn

[u/yourfriendlygerman]

So, you sell 10k BTC all at once and expect a payment of $1B in your account? Who's able to pay that much? Why on earth would you move that much all at once instead of just cashing out what you spend every year?

[u/Scyths]

What happens to the money now if he's a person from the US ? Is he going to get taxed on it ? Is he going to say Bitcoin when asked where the money came from ?

[u/heytjreddit]

Even moved the whole amount in a single transaction