Summary:
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.
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.
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]