Originally posted by systemnt
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dang.. this guy is lucky...
$4800 investment immediately returns $500K
In an online bitcoin forum, it was discovered that one Coinbase user with the online alias SatoshiChrist is currently in the process of acquiring 50 bitcoins with a single payment of $4,802.
According to the user, payment for 50 bitcoins on August 8, 2013, has been stuck in the Coinbase system for more than four years. Coinbase recently notified the user that the trade for $4,802 for 50 bitcoins can still go through if the user updates the respective account’s payment method.
Substantially, the Coinbase system hedged the 50 bitcoins purchase of the user at the bitcoin price on August 8, 2013, as the transaction was stuck and the user failed to make the payment for an extended period.
While the price of bitcoin has increased from $100 to $9,700 from 2013 to 2017, the user is still able to purchase 50 bitcoins at a rate of $96 per bitcoin. That is, more than 90 times lower than the price of bitcoin at the time of reporting.
The user immediately reached out to Coinbase support for verification given the size of the trade. According to the user, Coinbase support verified the trade as genuine, and as a result, the user will be able to process the purchase and receive 50 bitcoins in return for $4,804.Last edited by systemnt; 12-01-2017, 10:42 AM.
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Originally posted by wloftis View PostSite's working fine for me.
In other news; coinbase just lost a court case to the IRS. Having to turn over info on "users" that apparently have withdrawn $20k to $50k over the last several years...Haven't read the article yet.
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Originally posted by Michael View Post
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