Bitcoin (BTC) and other cryptocurrencies have proved to be some of the most volatile assets over the years, keeping many veteran investors. Dedicate no more than 10% of your entire investment portfolio to crypto-investments. Diversify! Plan to buy at least ten coins/tokens. Learn about. A link that brings you back to the homepage. · Bitcoin's rise: $1, invested in would be worth $35 million today.
Bitcoin 2010 investment - can not
This man bought $27 of bitcoins in and they’re now worth $k
A Norwegian man who bought $27 worth of bitcoins in and forgot about them discovered their value had since shot up to $, at todays price.
Kristoffer Koch decided to buy 5, bitcoins for only Norwegian kroner ($) in , after discovering bitcoin as part of an encryption thesis he was working on.
Koch probably didnt think he would become wealthy as a result, but his 5, BTC has turned into a goldmine. It was a wise investment by someone who stumbled across bitcoin before many others did.
Koch found that his bitcoins were worth 5 million Norwegian kroner ($,) when he checked back in on them. At the current Bitcoin Price Index of $, those coins are now worth about $,
After purchasing the 5, bitcoins, Koch pretty much forgot about them altogether. That is, until the price shot up to over $ back in April and he started seeing press coverage about bitcoins rise.
I thought to myself, didnt I have something like that? Koch told NRK, a Norwegian news outlet.
He did, and after figuring out the password to his wallet and seeing how valuable those bitcoins had become, he sold off a portion of them. Now he has an apartment that he purchased in an expensive part of Oslo, Norway. All thanks to the huge price gain that bitcoin has experienced, mostly in the past year.
It turns out that Kochs frivolous technology spending, against his girlfriends wishes, actually turned out to be a great investment.
“I buy a lot of technical little things that I never have time to use, and this was the worst of all, the fact that I was buying fake money, Koch told NRK.
It’s not fake anymore, at least not to Kristoffer Koch.
Many people have become wealthy as a result of bitcoins rise, although stories like this are rarely in the public eye. Theres the story on the Bitcointalk forums about Kevin, who purchased , BTC for under $3, in
Then there is Erik Voorhees, who founded the bitcoin gambling site Satoshi Dice and sold it for , BTC, worth about $ million at the current bitcoin price.
And The Verge reported earlier this year that Satoshi Nakamoto, the Bitcoin network’s mysterious founder, has an address with over one million bitcoins.
Of course, we shouldnt forget about the person who bought two pizzas for 10, bitcoins back in Now, if only that person had kept them, or perhaps forgot about them and rediscovered them years later like Kristoffer Koch did.
Featured image: antanacoins / Flickr