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On his grandpa’s old machine, a Reddit user recently announced that he retrieved 127 bitcoins he mistakenly received as a boy and cashed out more than US$4 million.
He introduced how he received these 127 bitcoins by coincidence in his self-report by playing games, how he sold them, and how he felt after selling them. Speaking of the future, the lucky guy who retrieved the private key from Bitcoin said he intended to invest in the S&P 500 Index, but he also said he would retain some Bitcoin if he had the chance to do so again.
The below is a consumer translation for Reddit:
“My friends and I played a game called “Dark Orbit” around 2011-2012. In the game, there is a game currency called “Uridium” that enables you to purchase advanced spacecraft and advanced ammunition.
You must use actual money to purchase them in order to get Uridium game coins. As teenagers, my friends and I couldn’t afford it at the time, so we started searching for websites that would offer Uridium coins free of charge.
There is a website that allows users to buy Uridium game currency with Bitcoin (it’s too long, I don’t recall what it’s called). We didn’t know what Bitcoin was at the moment, but we noticed that it was achieved by completing questionnaires, viewing recordings, and doing random online activities. Ways to get Bitcoins for free.
After doing this, I managed to “earn” 127 Bitcoins, but I did not exchange it into game currency in the end. I don’t know why, though, but to be honest, I’m happy I didn’t change the currency for the game.
I played “Dark Orbit” on Grandpa’s Dell machine during the holiday. I lived at my grandfather’s house for a week after a recent holiday. “On December 22nd, I searched the old Dell machine I used at his house to play games and found a “Keys” txt archive.
No words would articulate my thoughts at that time!
Then Bitcoin was over 33,000 USD on January 3, I sold all 127 Bitcoins. The USD just came in this morning. Bitcoin has only pushed into $38,000 at the time of writing this post.
Thanks to all the Bitcoin believers, they are the ones who are making this possible.
Below are few clarifications and explanations from the story’s protagonist on Reddit:
How do I sell 127 Bitcoins at a time?
Some individuals have voiced concerns about my story. And the biggest exchanges, after all, have a cap of “100,000 USD/day” for the regular BTC trading volume of customers.
I spent a week’s holiday at Grandpa’s home, as I said in my earliest blog. The day I found the private key was December 22nd, and I spent a week trying to work out how to interpret it at the cheapest fee comfortably and efficiently.
Soon, I discovered that there was no way to simply open a daily account to sell so many bitcoins on Coinbase or Binance. This process would take a long time due to the regular withdrawal cap, and I was worried at the time that during my sale process, the Bitcoin price would decline.
In any event, I was able to find the most perfect answer via OTC during this week. In the end, I sold all 127 Bitcoins at a price of $33,439.02 per coin minus 0.15% of the amount, making a net profit of $4.24 million. I ran back and forth between various enterprises.