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[Josemendez]

According to news gathered from cointelegrah , a whopping sum of 100 BTC was moved by a miner , who mined the coins in 2010.
The BTC was moved from two different wallets which is believed to belong to the same person.
As at the time he mined the coin , BTC worth $0.08 .
What is your take on this Incident ?

 

[Kurtauli]

How many bitcoins are in circulation now? I wonder when the last block of Bitcoin will end what will happen next what will be its future. Many bitcoins are lost which could theoretically become recoverable

 

[Rollerkid]

No gut no glory, for one to make it in life, he or she needs to be determined and persevere have that endurance strength. Any one that lack such attributes might not achieve their goal for life, cos success demands sacrifices to attain.

I agree with you totally friend. Those that couldn't sacrifice like how this person did would be regretting by now that bitcoin has increased to a value they never expected back at 2010.

 

[Josemendez]

How many bitcoins are in circulation now? I wonder when the last block of Bitcoin will end what will happen next what will be its future. Many bitcoins are lost which could theoretically become recoverable

Statics late last year showed that the percentage of bitcoin unmined is less than 21% of the 21 million bitcoin . This means that soon all the bitcoin will be mined

 

[Rollerkid]

How many bitcoins are in circulation now? I wonder when the last block of Bitcoin will end what will happen next what will be its future. Many bitcoins are lost which could theoretically become recoverable

These your questions are really touching. But I think many business are investing much on bitcoin because it's limited in supply and they believe in the long term when all the bitcoins are mined, price will skyrocket.

 

[Dora_WalletInvestor]

Sure and they will be regretting their actions now . One thing is to invest in something ,another is to give in everything we have to it .

Yes, you are right about that. Though technically initial miners didn't risk anything by mining those coins. But even with Bitcoin having established itself to be a trustworthy currency, I'm still a firm believer in diversifying and not risking too much when investing.

 

[Rollerkid]

Yes, you are right about that. Though technically initial miners didn't risk anything by mining those coins. But even with Bitcoin having established itself to be a trustworthy currency, I'm still a firm believer in diversifying and not risking too much when investing.

You have a very good point and at least diversification is a key. If those that sold their bitcions early had thought of this and left some, they wouldn't have been regretting now that bitcoin has risen so high.

 

[a_jerobon]

Wow, that is a good amount of bitcoin for that person. He is now enjoying the fruits of his giving bitcoin a try when most people were not trusting it. That is a good lesson to everyone who is not trusting the cryptocurrencies that are still growing.

 

[BusyCat]

Great , thats really mind blowing. The person is now a billionaire not only because he is lucky but also being a responsible miner. There are some people who had handsome amount of btc in their wallets but they cant access their wallets , like they dont remember password or even which wallet they used to store btc that time.

 

[Niftyicon]

I think this is the goodness of crypto currencies. By that time he only mined approximately $1.8 dollars worth of bitcoin and now he will be getting like thousands of dollars just for 11 years of storing.

If he was intentionally hodling the coin for those 11 years, I have to commend such patience and perseverance which have definitely paid off now.

 

[Rollerkid]

If he was intentionally hodling the coin for those 11 years, I have to commend such patience and perseverance which have definitely paid off now.

The person had actually demostrated patience and truly his patience paid off. And even if he had nearly forgotten of the mined bitcoins for years, at least that has also done him so good.

 

[Wisdom01]

This is why its best for those wallet sites to still hold on and not delete dormant users account , because the users could come at anytime for the account

 

[yolaqueen]

Indeed this worth the time he spent holdl the coins . Many people had enough opportunity similar to his own but they threw it away .

I think this is one of those people who bought BTC just to get the new cryptocurrency without giving importance to its value, now he moves his BTC knowing the large sums he has obtained as savings.