Most expensive account ever bought

[michellee]

You wise you had paid by credit card, but I do not think that you would hold your $5 bitcoin for more than 5 years for a 2000% profit. I can guarantee that. IF you had seen bitcoin as an prospective investment, you would have spent more than $1000 to invest. In this case, regretting does not make any sense

I guess not because, in that year, $5 in bitcoin will not mean something. But if you still hold that in bitcoin until now, that 0.017 will be more than $1,000. I have that experience buying something with bitcoin, but not many bitcoin amounts I use because I want to hold my bitcoin after using it to buy a product. We never know how much money that we can get from bitcoin because bitcoin prices can increase more than today.

[Lucius]

Thank you! One of the greatest and wisest reply I've seen so far. I think that you are seeing it from the correct perspective, money is ought to be spent, we can't keep holding any currency, Bitcoin or not, just because one day there's a chance it will rise 10x or 20x times its value.

You're welcome, although you can be sure that many don't share my opinion and consider paying with crypto as something that doesn't make sense because it will be worth a lot more in the future, or because the fees have become too high (which is true if someone doesn't know how to set correct fee). For most people, investing in crypto is just an instrument by which they plan to make a profit - I believe that more than 50% of people have never experienced anything more than buying/selling crypto through an exchange.

Not to get me wrong, I’m also a long-term holder - but I combine that with regular crypto payments that give me some financial freedom from the existing financial system - which always feels good.

[Ultegra134]

Thank you! One of the greatest and wisest reply I've seen so far. I think that you are seeing it from the correct perspective, money is ought to be spent, we can't keep holding any currency, Bitcoin or not, just because one day there's a chance it will rise 10x or 20x times its value.

You're welcome, although you can be sure that many don't share my opinion and consider paying with crypto as something that doesn't make sense because it will be worth a lot more in the future, or because the fees have become too high (which is true if someone doesn't know how to set correct fee). For most people, investing in crypto is just an instrument by which they plan to make a profit - I believe that more than 50% of people have never experienced anything more than buying/selling crypto through an exchange.

Not to get me wrong, I’m also a long-term holder - but I combine that with regular crypto payments that give me some financial freedom from the existing financial system - which always feels good.

Back then, I didn't think Bitcoin as an investment, nor a way to make money to be honest. I used it to make transactions on a weekly basis, most BTC I currently have was acquired back in 2014-2015 and was lucky enough to not spend all of it. Basically, I still have a small amount because it was left aside for no apparent reason. Some BTC I later acquired from signature campaigns was sold in the bull market of 2017 and some was left intact.

[Alert31]

When you think about the past where bitcoins value is very cheap, don't feel regret instead just smile because you experience to spend bitcoin back then without any hesitation. Now, bitcoin is like gold, if you have it, you don't want to lose it instead hold it tight and wait for the next ATH.

[BrewMaster]

it doesn't matter how much bitcoin you paid back then, the important thing is how much bitcoin you had then and how much bitcoin is left in your wallet today.
i have spent and even sold bitcoin in the past but i always keep more than i spend so that when price goes up i still have a good balance in my wallet and never regret not having the spent coins ever.
also we should all remember that bitcoin only grows as a currency not something that people only hold.

[buwaytress]

Not really familiar with Minecraft but presuming someone actually thought the aged account was worth $5 then, they might have built the account even further by now, maybe it's actually worth a lot more than $1000 the BTC held would have been? I never got into this psyche of buying and selling gaming accounts but I do recall having been offered some money for an old Utopia account (if anyone actually played this, quote this and share memories haha).

Still, good find. Not a pizza find but a good one nevertheless.

[mocacinno]

I bought a laptop for about ~2 BTC several years ago... A top of the line one, but yeah... It would have been enough to buy a small house in a lot of country's right now.

[bitterguy28]

Was crawling through an old Blockchain.info wallet when I found the following transaction, judging by the date and the price I had paid, it's a similar if not the exact transaction in an effort to purchase a migrated Minecraft account, quite a few years ago.

It was approximately $5 back then, well, the equivalent amount of BTC would be worth over $1.000 now. That probably turned out to one of the most expensive Minecraft accounts ever bought. Thinking back, I wish I had paid via credit card from the official website.

Anyone had any similar experience?

Stop comparing the price back years ago to the price here today .

because if that will happen today who the hell will buy for that 1k amount?

I bought a laptop for about ~2 BTC several years ago... A top of the line one, but yeah... It would have been enough to buy a small house in a lot of country's right now.

Actually if you will use to buy a House in my country ? that would be a very luxurious House amounting 120k Usd.

[Assface16678]

Yes, this is probably the most expensive Minecraft account I've ever seen. And no, I haven't come across anything like it.

Pretty hardcore if someone were to buy a game account for a thousand dollar, maybe Oldschool Runescape players might top this number since I have heard that a billion of gold in-game is worth around a 500 USD so probably, I have seen an account worth more than that.

[Dewi Aries]

I think a lot of people maybe experience that things. Like my friend who sell 1 bitcoin and still not enough yet to buy a motorcycle. In past maybe only a few people who know bitcoin will get really high like price nowadays. And who already sold their coins i think don't need to regret much because that only make us suffer.

[nightxglow]

Never experienced something like that before, but well isn't that normal? that time the bitcoin is worth nothing. 2015, 6 years ago. I bet at that time, you won't even think twice for spending your bitcoin, since it doesn't worth that much anyway, no one know that it will become like this, so i guess no need to cry over the spilled milk lol. It just seems expensive since bitcoin price has went up this much already, but of course that time, it's cheap, only $5. That's why take it as a lesson and maybe we should consider more before spending out bitcoin, no one knows how big bitcoin will be.

[Ultegra134]

I bought a laptop for about ~2 BTC several years ago... A top of the line one, but yeah... It would have been enough to buy a small house in a lot of country's right now.

That must have hurt seeing that, but let's get this straight, if we keep the attitude of not spending any BTC (Or any other crypto) in hopes or in an effort of preserving its value, we'll never convert it to fiat/cash out. Thus, we'll keep holding coins that we'll never actually use for any in real life purpose.

[Slow death]

since many years that i use bitcoin to buy things, i am not a fan of just using bitcoin to make Hodl and i think everyone should stop having this thought that bitcoin is only used to make hodl and make big profits. when we look at bitcoin as something that allows us to have high returns we don't allow ourselves to spend bitcoin and that makes bitcoin just something that will remain in the wallets for years and will remain in the exchanges for people to trade instead of using to make purchases. years pass but the number of countries that are using bitcoin as a means of payment does not increase much

[lionheart78]

Was crawling through an old Blockchain.info wallet when I found the following transaction, judging by the date and the price I had paid, it's a similar if not the exact transaction in an effort to purchase a migrated Minecraft account, quite a few years ago.

It was approximately $5 back then, well, the equivalent amount of BTC would be worth over $1.000 now. That probably turned out to one of the most expensive Minecraft accounts ever bought. Thinking back, I wish I had paid via credit card from the official website.

Anyone had any similar experience?

Almost everyone that uses BTC as a mode of payment in the early years has the same experience.  I was using BTC for the payment of my electricity bills since 2015, everyday needs, and other stuff through a payment gateway.  So I think there is nothing special about this one or worth regretting since we spend our BTC on what its value that time.  And if ever BTC plummet to worthlessness today, I am sure you will be jumping with joy thinking that you bought that account for almost fee.

[Oilacris]

I bought a laptop for about ~2 BTC several years ago... A top of the line one, but yeah... It would have been enough to buy a small house in a lot of country's right now.

That must have hurt seeing that, but let's get this straight, if we keep the attitude of not spending any BTC (Or any other crypto) in hopes or in an effort of preserving its value, we'll never convert it to fiat/cash out. Thus, we'll keep holding coins that we'll never actually use for any in real life purpose.

But there are things in life which cant really be avoided for you to spend up your coins and whom had thought that bitcoin would reach up this high? Yes, its really a regretful thing on seeing

these current numbers which you might able to buy up lots of things on the current value of bitcoin compared in the past.Well, we dont have any choice but to move on because

it will just stress you out on minding too much that you shouldnt have spend those coins and you might be buying more expensive things at the moment.

[bobyhodob]

I have felt the same way when I paid my friend with bitcoin at that time the price of bitcoin was still cheap and now I take another look at the tx and I am surprised to see the nominal amount I am paying now

[ene1980]

It was approximately $5 back then, well, the equivalent amount of BTC would be worth over $1.000 now. That probably turned out to one of the most expensive Minecraft accounts ever bought. Thinking back, I wish I had paid via credit card from the official website.

If you look back and see then you will think that you made a silly decision to pay using bitcoin and even i have many transactions made during that period to purchase certain services and the amount i gave in terms of bitcoin was huge considering the price was not that high and if you start having regrets then you need to  consider thinking about the amount of bitcoin you lost gambling  .

[Twentyonepaylots]

Early adopters of bitcoin that lost their hard drives are feeling the same way too. Imagine throwing away a dirt cheap, almost novelty item 5-6 years ago, only to find out that it's worth at least someone's entire house mortgage years later? Even I didn't anticipate something like this happening. I just pass things off like this as a stroke of luck I wasn't able to get, and continue investing in it because with bitcoin, you're never late to the party. So long as you're investing, or have invested and held your bitcoins, then you should be good.

[maxreish]

Just like how I browse my old screenshots, too. With those stuffs having bought online with bitcoin, it hit me realized two things:
 
 -Bitcoin is no doubt progressing because it has more value than before. -And I can not purchase that much now, I prefer holding and keeping it and regret to use it by just buying some online stuffs for playing. Its kinda regretable now.

[just_Alice]

Yeah, I've had a similar experience, not with game purchases, but with many other things. When I only started using Bitcoin all my transactions were made through Blockchain wallets and a couple of months ago I was reviewing my transactions and scrolled way down and I was quite surprised when I saw many of them worth more than $10k. But then I figured out how this happened and felt somewhat sad because of all those expenditures and kind of wished I kept that money