Bitcoin
BTC$65 054.36

4.65%

Ethereum
ETH$3 102.94

2.60%

Tether
USDT$1.000878

0.05%

Binance Coin
BNB$561.09

3.62%

Solana
SOL$143.87

7.94%

USD Coin
USDC$1.000071

0%

Crypto user recovers long-lost private keys to access $4M in Bitcoin


11 Jan 2021

#Bitcoin

A student has claimed to have found private keys accidentally HODLed starting as early as 2011 which will unlock more than $4 million in Bitcoin. According to a throwaway account from BitcoinHolderThankU, the Reddit user was able to cash out roughly $4.2 million in Bitcoin (BTC) after finding the lost keys to 127 BTC on Dec. 22, when the price of the crypto asset was in the $23,000s. They later liquidated the coins in the middle of the bull run.

“I spent the next week figuring out how to safely and securely liquidate such a large amount of Bitcoin for the cheapest price possible,” said the Redditor. “I went back and forth between different [over-the-counter principal desks] and 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.”

They claim to have earned Bitcoin in 2011 or 2012 through “surveys, watching videos, and completing random tasks” to ultimately use the coins for purchasing in-game currency for the online game DarkOrbit. The private keys were reportedly never really missing, just forgotten on an older model Dell computer as BitcoinHolderThankU ended up not purchasing the currency.

Unfortunately, if the Redditor’s account is to be believed, they missed out on $1 million in additional profit by not holding for just a few more weeks. Since December, the price of Bitcoin has passed $41,000 to reach new all-time highs. BitcoinHolderThankU admitted they “would not have sold all 127 Bitcoin” if the same situation had played out again. “To give myself credit, I did HODL for 8-9 years which is more than the vast majority of crypto users,” they said. “I definitely would’ve done things differently if I were given a second chance.”

Source


Related

NordFX Copy Trading: A Comprehensive Guide to Maximizing Profits
NordFX Copy Trading: A Comprehensive Guide to Maximizing Profits
Tips to Choose the Right Second Citizenship Program
Tips to Choose the Right Second Citizenship Program
Bitcoin’s continued slide down
Bitcoin’s continued slide down
A new round of crypto market mistrust
A new round of crypto market mistrust
Bitcoin holds its range, but pressure mounts
Bitcoin holds its range, but pressure mounts
Bitcoin unlikely to end correction
Bitcoin unlikely to end correction
Bitcoin looks set to take a severe dive
Bitcoin looks set to take a severe dive
Bitcoin set for a deeper correction
Bitcoin set for a deeper correction
Bitcoin falls under pressure
Bitcoin falls under pressure

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 81.2% 30 $65 054.36 4.65% -7.62% $1 280 723 544 649 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 76.4% 40 $3 102.94 2.60% -11.26% $372 579 844 732 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 90.8% 1 $1.000878 0.05% 0.09% $109 565 670 193 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 87.6% 22 $561.09 3.62% -9.32% $83 901 327 907 BNB 7 days price change
5 Solana (SOL) SOL Solana predictions 76.8% 48 $143.87 7.94% -15.18% $64 283 587 114 SOL 7 days price change
6 USD Coin (USDC) USDC USD Coin predictions 93.2% 2 $1.000071 0% -0.02% $33 169 122 455 USDC 7 days price change
7 XRP (XRP) XRP XRP predictions 72% 52 $0.500203 1.71% -17.00% $27 575 768 548 XRP 7 days price change
8 Toncoin (TON) TON Toncoin predictions 72% 61 $6.49 5.83% -9.60% $22 512 578 208 TON 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 71.6% 60 $0.152461 4.09% -22.29% $21 946 450 421 DOGE 7 days price change
10 Cardano (ADA) ADA Cardano predictions 72.8% 56 $0.472403 5.85% -17.75% $16 829 210 478 ADA 7 days price change
11 SHIBA INU (SHIB) SHIB SHIBA INU predictions 62.4% 85 $0.000023 4.08% -15.31% $13 554 761 219 SHIB 7 days price change
12 Avalanche (AVAX) AVAX Avalanche predictions 69.6% 63 $35.30 2.99% -21.96% $13 342 004 243 AVAX 7 days price change
13 Lido stETH (STETH) STETH Lido stETH predictions 92% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
14 Wrapped Bitcoin (WBTC) WBTC Wrapped Bitcoin predictions 84.4% 30 $65 046.92 4.83% -7.74% $10 107 233 016 WBTC 7 days price change
15 Polkadot (DOT) DOT Polkadot predictions 72.8% 53 $6.79 2.37% -18.32% $9 739 279 922 DOT 7 days price change

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2024 Crypto-Rating.com

The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.