How One Twitter User Sold a Web Domain for $500K to a Crypto Exchange, Making Him a 3,124,900% Profit 13

How One Twitter User Sold a Web Domain for $500K to a Crypto Exchange, Making Him a 3,124,900% Profit

Summary:

  • Crypto twitter member @cryptofelon has narrated how he bought a website domain for $16 and later sold it for $500k to a crypto exchange
  • He purchased the domain in 2017 and sold it in September 2021, making a 3,124,900% Profit
  • @cryptofelon was initially offered $500, then $200k
  • But he insisted he wanted 10 Bitcoin (BTC), which went for between $435k and $450k at the time

There are several known ways of making it in the crypto-verse. The known methods include trading, early investing in projects and NFTs, and holding Bitcoin for several years.

Selling Crypto Web Domains Could Also Be Profitable

However, one crypto-twitter community member, @cryptofelon, has narrated how he made a 3,124,900% profit by selling a crypto-related website domain to a multi-billion dollar crypto exchange after telling its representatives ‘to kick rocks.’

In his story that can be found in the Twitter thread below, @cryptofelon narrates how he purchased the said website domain for $16 and would later sell it for half a million dollars.

He Owned the Crypto Domain for 4 Years

To start, he bought the web domain in 2017 alongside other similar ones that have generated buyer interest over the years. However, this particular one caught the attention of a persistent buyer who sent him a $500 offer via the GoDaddy broker team. @cryptofelon quickly responded that he wanted 10 Bitcoin (BTC) for the site hoping ‘that it would be the end of it.’

A week later, he was offered $200k, a 400x increase from the initial offer. But he ignored the offer, stating the following:

But that’s not what I asked for. I wanted 10 bitcoin, and I was going to get 10 bitcoin.

And so, I ignored the offer. I turned down $200k — for a domain that only cost me $16. a 12,500x profit. I knew my worth. They came back again, a few days later.

Cryptofelon refused the $200k, which the broker was not too happy about, telling him that he would probably lose the entire thing. But @cryptofelon stood his ground, and his initial price of 10 Bitcoin (BTC). He said:

They REALLY didn’t like that [10 Bitcoin]. Sent me a novel. Negged my domain. Tried to shame me out of the reckless maneuver i was going for.

After this, radio silence. no replies. I waited. I had waited 4 years to sell this domain. I could wait longer.

And a week later, I ended up reaching out. I wanted 10 bitcoin, and to be fair, 10 bitcoin was cheaper than it was when i asked for $500k…

And then, I had it. $435,000. from starting at $500 -> $200k -> $350k, I now traded a $16 domain for $435k. I had done it.

[Feature image courtesy of Unsplash]