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Author Topic: A painter received $50 worth of bitcoin on June 2013.  (Read 826 times)
BitcoinBarrel
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October 10, 2022, 12:11:48 PM
 #21

Very surprised she waited this long, and didn't think about the wallet before now.



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October 10, 2022, 12:27:29 PM
 #22

Hope one day this kid's paintings I helped sell on this forum turn out to be just as successful Wink She didn't make THAT much, and she probably did it an entire cycle and then some after OP's artist, but hey, 2018 was a crypto winter and we're at least twice as much in price today. Already a great investment Wink

Really liked how she passed the gift on too. That's always how Bitcoin's going to win.

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October 10, 2022, 12:31:17 PM
 #23

Yeah, at least she has done some research first on Bitcoin before she accepted it as payment and then save the private keys somewhere and the good thing is that she was not hack or something if she has written it in the PC that she has been using for the last 10 years. Or probably buy a new hardware but then back up everything. In a sense she is technical savvy I would say and that save her the problems of other people who have a lot of bitcoin before but they don't know how to save it. And with that, she has a happy ending.

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October 10, 2022, 01:14:31 PM
 #24

And yet, there are people who have invested by actually buying Bitcoin and they have "abandoned" their Bitcoins by losing/ forgetting their private keys or deleting wallets carelessly. It's a good thing to keep stuff saved, you might never know when you will need it like the painter did. Also always good to see that people were accepting or trying Bitcoin way back in 2013, she deserved the surprise.

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October 10, 2022, 01:22:29 PM
 #25

I think it's completely possible Bitcoin would be worth so much than the current price and that's why we shouldn't stop to accumulating Bitcoin when it's still cheaper.

Maybe one day in the distant future, but it's not really realistic to expect that by the end of the decade the price will reach some astronomical values that could turn a $50 investment into a fortune. Even if we were talking about the price of $1 million for 1 BTC, that means an increase of x50, and that means that the one who invested $50 today would earn only $2500 in the future.

If you add to that inflation and the fact that fiat currencies are constantly losing value, then you will not be able to buy much for that money compared to what it is worth today.

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October 10, 2022, 01:51:58 PM
 #26

The interesting thing about this story is the painter agreed to accept btc for her work as early 2013, btc was not so popular back then and most people were not into btc acceptance.
But this painter did not mind the mode of payment which turned out to be a big blessing. I wonder if she still hold on to her btc.

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October 10, 2022, 02:22:49 PM
 #27

She is very lucky even though it is been paid to her as payment for her service delivery, it shows that she did not know the value of Bitcoin that's why she keep holding till the day she release the video; I hope she will keep holding the Bitcoin because she is already a future Bitcoin Investor.


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October 10, 2022, 03:01:40 PM
 #28

Bitcoin owners must have a strong belief to produce extraordinary results, maybe most of the big investors who own bitcoins have long thought that owning bitcoin is an opportunity if it goes up they will profit and if not they will lose. And I don't think they will mind including those who have forgotten about it for years, because bitcoin was very cheap at the time and anyone could buy it in bulk.
such people have a strong belief and hope that the price will be fantastic in the next few years, and after a slow rise they are increasingly convinced that the price will continue to rise and also see the ever-growing developments that make them believe in bitcoin even more.
thing we should know that bitcoin is not easy to predict but must have a strong belief that it will produce amazing results, and amazing the woman because she didn't understand bitcoin at first after seeing its potential she kept sticking to it and other reasons the price on back then, he thought it was nothing, but it was gone. And he also thinks his work is so valued that he accepts bitcoin paintings and gets paid in bitcoins, and he's very lucky.

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October 10, 2022, 03:26:40 PM
 #29



Youtube channel: https://www.youtube.com/c/alispagnola


This video was uploaded in early 2021. It was an exciting story and I want to share it here.

This is another way of showing how early investors or believers received their part of cake from their investments , though this sounds like not really a trust but an opportunity and experimental? yet that said painter is a double digit richer now .

and maybe as she continues to see the future? then keeping the said bitcoin will bring Her more confident as the price will continue to progress if she will look deeper to what is bitcoin all about and how this works for betterment of the system and the market.

As said by the OP, the painter didn't know what's bitcoin way back 2013 or if it will play a huge part in today's world. What amazed me the most is the fact that she still know and remember the account she made in blockchain.com, I mean, years passed by and she didn't intentionally held the bitcoin for a reason but she still remembered her account. Also, yes she's more richer now although we didn't know if she had sold it already or still holding it for the years to come.

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October 10, 2022, 03:52:26 PM
 #30

This is what makes Bitcoin strong. Imagine getting paid in fiat money. You would lose a lot of purchasing power in 9 years it is nothing compared to 50 dollars of 2013. (Especially after covid and ukraine war). I always like that I learned about Bitcoin through 2013 to 2014. It was when noone was aware of that truck coming to their face. Now people tell me that I was right. Digital money (they said this to bitcoin before) became more valuable than -so called- real money we use.
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October 11, 2022, 02:03:01 AM
 #31

Very surprised she waited this long, and didn't think about the wallet before now.
or maybe she has literally no Idea about how Bitcoin moves or grows over the year as She seems to be experimenting in accepting that payments and was shocked about how it is now?

but either she waited or not? what made me amaze is that the idea about accepting Bitcoin that year when the world has no Big idea about what this all about as she as Painter also not connected in any form of crypto back then.









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October 11, 2022, 02:27:40 AM
 #32

I would say this was a lucky situation for her , because actually she didn't have much information about Bitcoin and the assest she was paid with, and secondly to have even remembered her keys, however a lesson from this is patient, if she had sold out the Bitcoin the moment she received it she wouldn't have had this opportunity in her life time.

This same thing is applicable to some people that owns Bitcoin today that are not well informed about Bitcoin , if they holdl BTC this same thing could happen to them if Bitcoin price goes above $100k-$1M per Bitcoin in the future. Generally, holding BTC requires patient.

R


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October 11, 2022, 02:41:05 AM
 #33

Moral of the stories is leave your coins on exchanges since it's much easier to retrieve your old account, if you leave your coins on hardware wallet and you forget your seeds, it's done /jk.

When the CEO of the largest crypto exchange mentions this, it should instill a state of confidence among us hodlers Wink




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October 11, 2022, 06:22:14 PM
 #34

Very surprised she waited this long, and didn't think about the wallet before now.
Yeah, kind of surprising that she's able to wait for several years until she remembers that she's received bitcoin from a donator. And then from the tiny value it's got before which is two digits and then she's made it into 5 digits.

Moral of the stories is leave your coins on exchanges since it's much easier to retrieve your old account, if you leave your coins on hardware wallet and you forget your seeds, it's done /jk.

When the CEO of the largest crypto exchange mentions this, it should instill a state of confidence among us hodlers Wink

~image~


And yes, that's a joke as well
Well, we can pass that on her as she really looks completely have no idea what she's doing and good thing that when she's remembered that she's got bitcoin, blockchain.info before, just changed its domain into .com and unlike the other wallet providers, they're gone.
Lucky she was.

I would say this was a lucky situation for her , because actually she didn't have much information about Bitcoin and the assest she was paid with, and secondly to have even remembered her keys, however a lesson from this is patient, if she had sold out the Bitcoin the moment she received it she wouldn't have had this opportunity in her life time.

This same thing is applicable to some people that owns Bitcoin today that are not well informed about Bitcoin , if they holdl BTC this same thing could happen to them if Bitcoin price goes above $100k-$1M per Bitcoin in the future. Generally, holding BTC requires patient.
Yeah, like those generous people that owns bitcoin and sends their family, relatives and friends with like $5-$50 or higher amount in bitcoin then just kept it for a long time. Who knows but I'm sure that there can be the same story like hers in the nearest future.

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October 11, 2022, 06:41:27 PM
 #35

Lucky painter lol. Curious if she handled Bitcoin properly or has no issue with the Blockchain wallet. We have seen a lot of allegations against Blockchain lately. However, this story would inspire others who are wondering to enter Bitcoin. Once a time a small bag would lead become rich. But obviously, need enough patience.

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October 11, 2022, 07:52:35 PM
 #36

I don't know if the painter actually held his bitcoin or if he didn't realize that their value has gone up over the years. He missed ATH 2017 and he also missed ATH 2021, so I'm not sure how that happened to him actually profiting from his bitcoin that were originally worth $50.

I imagine how lucky are the early adopters who are willing to endure years of price volatility, they deserve the title of golden hand and of course they will really enjoy life now. The returns are fair to those who have considered the risk high, they are totally worth it. As of now, I don't have 1 bitcoin in my storage wallet yet, but I will try to have at least 1 by the middle of next year.

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October 11, 2022, 09:37:40 PM
 #37

Very surprised she waited this long, and didn't think about the wallet before now.
Bitcoin millionaires are to those people who had just;

1. Remembered their wallet that they do own bitcoin
2. Hold no matter what
3. Find out those lost keys

It is really that hard to make yourself holding for a decade and watching market conditions specially
if you do own bitcoin and other altcoin.You cant really make yourself sure that you wouldnt
be selling out those coins along the way.

R


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October 11, 2022, 10:40:09 PM
 #38

While everyone seems to be focused on the receiving part, I think the hero of the story really is the person who requested a free painting of Bitcoin, gave a $50 worth of tip for it in Bitcoin, and went through all the trouble of educating the painter on how to receive Bitcoin and what it was, etc.

That's a great person.

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October 11, 2022, 11:57:46 PM
 #39

While everyone seems to be focused on the receiving part, I think the hero of the story really is the person who requested a free painting of Bitcoin, gave a $50 worth of tip for it in Bitcoin, and went through all the trouble of educating the painter on how to receive Bitcoin and what it was, etc.

That's a great person.
If the person who educated her to have a wallet and receive the tip haven't done anything and gone same as other audience of her, this could've never been a news. The credit goes to the sender and if she had taken it seriously she could've opened it long back. Now she might've understood the real value of bitcoin and it is good that she met him in person for the goodness he have done to her.

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October 12, 2022, 12:17:52 AM
 #40

quite an interesting story

how lucky were the people who bought or owned bitcoins at that time,
but now it's never too late
there is still opportunity and hope.

and luckily the painter didn't lose or throw the bitcoins away,
because basically things or things that are not too important sometimes like to forget.

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