Bitcoin has been around for over a decade now, and in this time it’s managed to become one of the most popular currencies across the globe. Following it’s legendary rise, it’s safe to say that there are plenty of people who developed avid interest in the cryptocurrency that have resulted in some truly incredible stories over the years.
We’re happy to report that while a lot of these stories can get pretty wild, the majority of them have a positive outcome that gives us hope for the future of Bitcoin. Without further ado, here are some of the craziest Bitcoin stories you’ll have the pleasure of reading.
Slow and Steady Wins the Race
In its early days, Bitcoin was barely worth enough to get you a cheap hotdog from a food truck!
While this certainly worked as a deterrent for tons of people, one anonymous person believed in the potential Bitcoin held and over a year reportedly managed to buy over 12,000 Bitcoin. Getting busy with life, our anonymous hero decided to put Bitcoin on the back burner to focus on other things. But they never truly forgot about this little treasure. Periodically checking the latest updates on the cryptocurrency, its worth and how their small investment was faring.
By the time 2013 came and Bitcoin prices had skyrocketed to $1,000 per Bitcoin, the person was sitting on a multimillion-dollar fortune! Showing a great deal of restraint and patience, our hero started selling his stash little by little as to not attract any attention. With quite a big sum on his hands, the individual invested on multiple fronts to secure his future.
The most shocking thing about the whole story – this person kept his job despite his fast-growing fortune!
If that’s not immense willpower then we don’t know that is.
The Teenage Millionaire
This story has become quite popular over the years, so we wouldn’t be surprised if you’ve already heard of it. Still, even if you have, it’s definitely worth the second read. Bitcoin trading has become quite a big trend recently, with incredible guides, software, and apps such as bitcoinstorm.io being released constantly to help us achieve our cryptocurrency dreams. This type of advanced trading software can help us easily navigate the Bitcoin trading process and potentially make us millions, but the story of Erik Fineman and his path to Bitcoin fortune comes from a time before all of this!
After receiving $1,000 as a birthday gift from his grandmother when he turned 11, instead of spending them on the latest gaming console like most other kids his age, Eric Fineman decided to invest his money in Bitcoin! This happened back in 2011 when you could get Bitcoin for as low as 11$, so naturally, a few years later his investment paid off when his Bitcoin amassed him a staggering $100,000! The savvy young entrepreneur used his earning to start an online education company, which lead him to a path of becoming a millionaire before he even turned eighteen!
The Lost USB Drive Fortune
Cryptocurrency and remaining anonymous have gone hand in hand since the birth of Bitcoin. Even its creator, Craig Wright, hid his identity under a pseudonym until just a few years ago.
However, an unidentified Australian man has chosen to conceal his identity, but not because of his Bitcoin success. He’s remaining anonymous because he’s worried about what his wife will do if she finds out how much money he lost.
In 2009, when Bitcoin cost nothing more than a few fractions of a penny, an Australian game developer set up a rig to mine a few coins per day. After having mined “thousands” of coins, he decided to stick them all on a USB drive, in case his PC crashed unexpectedly one day. He then put it to the back of his mind.
However, when Bitcoin reached nearly $1,000 at the end of 2013, he remembered his wise investment and attempted to access the USB drive. Tragically though, the USB drive didn’t work, lost to the sands of time, much like his digital fortune.
“[I plugged] the USB stick back in to try and access the file, but the stick died. It was one of those cheap made-in-China ones,” he said. “Worst mistake of my life,” he said. “Never back up anything on a cheap Chinese-made disk or USB stick.”
This Australian guy’s story is far from uncommon. According to a study from Chainanalysis, nearly one quarter of all Bitcoins are likely lost forever. From lost hard-drives to forgotten keys, there are more almost-millionaires out their than we’ll ever know.
Laszlo Hanyecz, the Man Who Paid $565 Million (as of today’s Bitcoin price) for a Pizza
On May 18, 2010, a programmer named Laszlo Hanyecz pospted on the Bitcoin Forum that he wanted to use 10,000 Bitcoins (valued at $40 at the time) to buy two large Papa John’s pizzas.
“I’ll pay 10,000 Bitcoins for two pizzas. The best would be two large pizzas, so I can have some left over for tomorrow. You can make your own pizzas. Once they’re done, you can deliver them to my house or arrange a delivery company to deliver them, but I want to use Bitcoin to pay for them. This way, I don’t have to order or make them myself, like room service at a hotel, delivered right to my door. You’ll be pretty happy. If you’re interested, contact me. We can discuss it further. It can be any kind of pizza with onions, peppers, sausage, mushrooms, and even a weird fish topping is okay.”
On May 22, a cryptography enthusiast “jercos” bought two pizzas for $25 because of a promotion they were running, and delivered the two pizzas to Laszlo, receiving 10,000 Bitcoins. Then, Bitcoin was only valued at $0.003, but if you calculate it based on Bitcoin’s price today ($56,500.00 X 10,000) the amount paid for the Papa John’s pizza comes out to $565 million. That’s one expensive pizza.
So, someone on randomly created a Twitter account that would, every time Bitcoin’s price reached a new high, this story about the two pizzas being sold for 10,000 Bitcoin would be retweeted because, who doesn’t want to acquire 10,000 Bitcoin in a similar fashion?
Mount Everest Cryptocurrency Stunt Ends in Tragedy
When something as compelling as cryptocurrency explodes in the public imagination, the promotional side of things can get a little out of hand. At least, that’s what happened when ASKfm, a popular social media platform, decided to promote its new cryptocurrency by burying some of it at the top of Mount Everest. What could go wrong?
In the hopes of spurring a little attention to their Initial Coin Offering (ICO), four crypto-enthusiasts joined a team of sherpas on the epic journey to leave a nano-ledger with $50,000 worth of ASKT, ASKfm’s coin, at the top of Mount Everest. Miraculously, everyone made the summit and the promotional stunt was seemingly complete.
However, during the descent, it was revealed that one of the Sherpas leading the expedition was left behind, and is now presumed dead. No further details have been revealed about how this transpired, but ASKfm has insisted that the marketing stunt was in good taste, despite the tragic outcome.
ASKT is currently valued at ten cents.
Ok that’s fucked up. Whoever reported on this Bitcoin story and decided to end the article with “ASKT is currently valued at ten cents” is going straight to hell. Funny as shit.. but damn, what a savage.
WIRED Destroys a Fortune
While most cryptocurrency investment stories involve one person becoming a millionaire or losing out on the chance to be a millionaire, entire companies can get in on the action as well. Unfortunately, being a big company doesn’t mean you’re any less likely to miss out on a lot of money.
WIRED, one of the most recognizable tech publications on the planet, tapped into the cryptocurrency world when it was provided with a small mining device to review in 2013. After mining 13 coins and amassing some sizeable wealth, the publication was forced to address the issue of journalistic integrity as far as keeping the gains was concerned.
Employees believed that, even if they were to give away the money to a charity, it could affect how they write about cryptocurrency as a whole. Therefore, they decided to destroy their private key later that year.
“We talked about donating it to a journalism institution, or setting it aside as a scholarship. But we decided that if we gained any benefit from it at all, it would color our future coverage of bitcoin,” said Michael Calore, a senior editor at WIRED since 2006. “So we just destroyed the key, knowing full well that it could eventually be worth six or seven figures.”
Since then, the price has indeed skyrocketed, putting Wired‘s unreachable investment in the multimillions, which has got to hurt pretty bad. But, if you’re going to lose millions in Bitcoin, losing it in the name of journalistic integrity isn’t a bad way to do it.
Wait.. yes, yes it is. That’s a terrible way to do it. What a bunch of idiots. I wonder how many charities and kids were fed with their “journalistic integrity.”
The Bitcoin Hitman Conundrum
Not all Bitcoin stories have a positive spin, and that’s the case with the story of an Italian woman who used Bitcoin to hire a Hitman!
There have been a few cases where Bitcoin has been used for illegal activities throughout the years, but this failed murder plot is one of the strangest. The hired hit was intended for the woman’s boyfriend, but when things with the deal went south, the Denmark native was found guilty resulting in six years of prison time.
On top of this, the woman also lost her resident privileges in Denmark, her home for over three decades.
$423 Million In The Trash
Fast-forward to today, at the time of writing- a single bitcoin is worth around $56,500. This means that the 7,500 bitcoins stored on James’ hard drive would now be worth $423 million in today’s prices. Now, the Newport, Wales, local has offered his city council a vast sum of money if it allows him to excavate a landfill site where he believes the hard drive has been disposed of.
“I offered to donate 25% — “to the city of Newport in order to distribute to all local residents who live in Newport should I find and recover the bitcoins,” Howells told CNN. Surprisingly, Howells has taken the whole situation pretty well. Despite his luck with Bitcoin, he is still quite active when it comes to trading cryptocurrency.
Asked what he’d do if he does ever manage to recover the hard drive, James Howells said he’d get a Lamborghini – a worthy goal by our standards.
Ghostface Killah C.R.E.A.M. (Crypto Rules Everything Around Me)
Some notable celebrities have been getting involved in cryptocurrency. However, when a member of the Wu Tang Clan decides to found a cryptocurrency firm named after their popular song C.R.E.A.M. (Crypto Rules Everything Around Me), it’s worth taking notice.
Launching in late 2017, the firm hoped to raise $30 million during the ICO, selling coins for as little as $0.02. The coin saw relative success, spiking in early 2018 to $0.12. Unfortunately, the good times would not last, as it fell along with most of the cryptocurrency market to well below a single cent. And, Ghostface Killah’s involvement may have been at least partially to blame.
“I think the interest of celebrities is a bit of a double-edged sword,” said Brett Westbrook, chief executive at Cream Capital, to CNBC in an email. “I personally think that anything that puts cryptocurrencies in front of the eyes of everyday people is a great thing for the markets overall. On the other hand, I believe it’s important that celebrities know the importance of their endorsements and understand the underlying principles of blockchain technology.”
Not only was Ghostface Killah’s investment a flop, it also may have broken the law. The SEC announced at the end of last year that celebrity endorsement of cryptocurrency may be illegal if “they do not disclose the nature, source, and amount of any compensation paid, directly or indirectly, by the company in exchange for the endorsement.”
The Anonymous Millionaire Who Travels the World
A article from Forbes magazine tells the story of a man who wishes to remain anonymous (and who calls himself Mr Smith because he is the class) who had invested $ 3000 in bitcoins in 2010 when the unit was worth 0.15 cents.
Today, his fortune stands at over $50 million (due to good investments) and he travels around the world. world by living in five-star hotels.
A living legend of the web, Mr. Smith has big tunasses and that’s cool for him.
Tony Vaughn, the policeman who wants to be paid in bitcoin
This police chief from the small town of Vicco, Kentucky, has asked his superiors to be paid in Bitcoin. And believe it or not, his hierarchy agreed.
It went even further than that since the mayor of Vicco set up a bitcoin account for the city to put in the money that will be used to carry out work and that sort of thing. Vaughn therefore became the first employee of a government entity to be paid in cryptocurrency.
In my first job, I asked to be paid in Tenders from KFC, believing that these breaded chicken pieces would gain considerable value over time. I was wrong, but they were delicious. I regret nothing.
Stephen Thomas, the one who has not yet found his password
The story of this programmer has recently gone viral since unlike Mark Frauenfelder, he has not still found his password. On its locked hard drive, there’s $500 million waiting. Former Facebook security chief Alex Stamos actually offered to fix his problem for 10% (not kidding). To be continued…
Venezuela’s State-Run Cryptocoin
Venezuela’s actual currency has been devalued more times than you can count and it’s creating some serious problems for the South American country’s economy. To counter the issue, the Venezuelan government has launched the Petro, a state-run cryptocoin tied to the country’s crude oil prices. And if that sounds a bit sketchy, it’s because it is.
Venezuelan President Nicolas Maduro has kept a great deal of information about Petro from the outside world, causing experts to insist the cryptocoin is likely nothing more than a scam.
The decentralized nature of cryptocurrency is counter to government control, making this move not only confusing but also just downright wrong.
Satoshi Nakamoto, the enigmatic man who created bitcoins
This name, if true, is that of the mysterious inventor of bitcoin. In 2008, Nakamoto posted an article online describing what would become bitcoin: “a system of transactions between two anonymous parties that does not require a centralized server or permission from authorities.”
But this secret figure has disappeared from radar. in the mid-2010s and to this day no one really knows who he is, what he does with his life or how much money he has made.
BITCOIN & CRYTPOCURRENCY GAMBLING
FINDING THE TOP BITCOIN CASINOS & SPORTS BETTING SITES
The Top Bitcoin Sports Betting Sites & Casinos. Safe, Anonymous, Provably Fair Gaming. 3D Slots, Poker, Bitcoin Dice, Blackjack and more!
Why Bitcoin For Sports Betting?
First, let’s take a look at the reasons one would choose to wager in bitcoin or Cryptocurrency over fiat (cash) in the first place. If there weren’t clear advantages to betting using bitcoin this article would both a waste of your time and ours.
Advantages of Bitcoin Gambling
The security and privacy advantages offered by Bitcoin make it the optimal option for sensitive financial transactions, such as funding your online sportsbook account. Find out why Bitcoin has become the most effective financial tool for sports bettors who conduct business online
Zero Third Party Oversight
Due to the restrictive nature of federal laws on sports betting, American sports bettors have few choices when it comes to legal sportsbooks. With very few options, America’s legions of sports betting enthusiasts must place their wagers through offshore online sportsbooks like 5Dimes, Pinnacle, or Bovada. While these sportsbooks usually have no issue accepting deposits from U.S. Customers, most banks will attempts to fund online sportsbook accounts.
That’s where Bitcoin comes in, as the virtual currency’s design and structure is perfectly suited to solve this dilemma. By using Bitcoin to conduct these transactions, you avoid the threat of third party oversight entirely, as the exchange involves you and the sportsbook alone.
Bitcoin’s Blockchain Means Little to No Transaction Fees
Every online sports bettor knows that you can almost always deposit to a site free of charge, but withdrawing your winnings usually incurs a hefty fee. That’s because collecting your winnings from an online sports bet typically involves paying off the middleman.
However, a lack of fees is an extension of the Bitcoin blockchain’s fundamental design. With no middlemen standing between the payer and the payee, blockchain transactions don’t cost anything at all. Most Bitcoin transactions average a “fee” of just $0.04.
Funds Get There Faster
Continuing the benefits of cashing out via Bitcoin, bettors will be pleased to note that transactions typically take just minutes to complete.
Bitcoin Prevents Identity Theft and Fraud
Rather than input your credit card number, expiration date, and security code into an unsecured website form, Bitcoin transactions require only your address, along with your private and public keys. Bitcoin is a cryptographic currency at its core, so encoded data is an essential component of the exchange process. Even better, while a Bitcoin address can be calculated through its corresponding private key, reversing this process is impossible.
This makes Bitcoin by far the safest currency available for bettors searching for a way to load their online sports book account without sacrificing valuable private information.
Finding Trustworthy Bitcoin Casinos & Sportsbooks
Once you’ve decided to take the plunge and use Bitcoin for your next online betting deposit, the next step is to find a Bitcoin-friendly platform. Luckily for you we have already done the legwork for you. Below you will find the Top Sportsbooks that accept Bitcoin, Ethereum, Bitcoin Cash, Monero, Doge as well as many other smaller cryptocurrencies.
First, Read Reviews & Rankings by Top Review Sites to Make Sure You Select a Legitimate Site
There’s nothing worse than winning big and getting ready to cash out and realizing you can’t get access to your funds. That’s why it’s important to choose a respected and trustworthy site.
The Top Gambling Site & Sportsbook Review & Rating Services 2019
CryptoClarified– a Top 10 Blockchain & cryptocurrency news blog- has ranked the Top 3rd party sites that Independently test the different online Bitcoin Casinos & Sportsbooks.
The Top Bitcoin Casinos 2021
Coming in at #1 (again) BetChain is an impressive casino and one of the pioneers in the Bitcoin scene. Since it was established, the casino has focused strongly on servicing the Bitcoin community. Only lately the casino has opened up its doors to traditional currencies, but its identity remains strongly defined by Bitcoin. Betchain is also re-launching its whole VIP program and refining its customer service further to offer an unprecedented gaming experience to all its clients
Even better yet.. Betchain is offering an exclusive bonus for our readers! What are you waiting for? Join Now
BetChain’s focus on service, coupled with unique bonus offers, makes it one of the most successful Bitcoin casinos. BetChain caters to customers hailing from different regions of the world. That means that apart from English, its page is also available in German, Spanish, Russian, Italian, Portuguese, Turkish, Greek, Dutch and Swedish. BetChain also offers live chat, 24 hour customer support, and lightning quick withdrawals.
Provably Fair: BetChain emphasizes provably fairness, allowing gamers (and the casino) to verify all bet outcomes to ensure they were correct and fair.
- Safe and Secure: BetChain uses the latest in encryption and secure servers to ensure that customers’ money is always safe.
- 24/7 Support: Contact BetChain anytime, day or night, at email@example.com or through the BetChain support form.
You can find over 1400 games from several casino game providers like iSOFTBET, Endorphina or Evolution Gaming. FortuneJack Casino has also one of the widest selection of cryptocurrencies. The Casino supports 8 cryptocurrencies: Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Dogecoin, Dash, Monero, and Zcash.
The casino is based in Eastern Europe in Georgia. The team seems to be competent, because they have made several provably fair casino games from scratch. FortuneJack Casino and the fast new casino lobby updated in May 2018.
FortuneJack Review — Pros
- The casino has been around since 2014, so it is quite experienced Bitcoin casino
- Excellent deposit bonuses and no deposit bonuses
- Very good selection of over 1400 games with also live casino games
- FortuneJack is one of the biggest and most popular crypto casinos, so the financial backup of the casino should be in order
- The support works great
- One house-made provably fair dice game
Join FortuneJack Now
mBit is another major U.S. friendly bitcoin casino brand that have earned a stellar reputation for quality software and great customer service since they were founded in 2014 . They are based in Curacao and are fully regulated by the gaming commission there.
- All the games at mBit were independently tested and verified for fairness by RNG.
- mBit is now home to over 1,000 different games and new ones are added weekly.
- Live dealer blackjack, sede, baccarat, roulette and more available for BTC or Euro.
- Deposit instantly and for free. Sign-up takes seconds and only requires an email.
- mBit Casino is fully functional on any Android, iPad, iPhone or Windows Phone.
- United States of America players are welcome. Site in both English and Russian.
- mBit have an exceptional VIP program and a 110% 1st deposit bonus to 1 BTC .
These are trusted sites that have independently tested over 50 Different Bitcoin Sportsbooks & Casinos, Placed Bets, Deposited & Withdrew Funds and finally Ranked & Reviewed the Best U.S Friendly Bitcoin Sportsbooks & Casinos.
They have also ranked the Top Sites for Mobile Bitcoin Casino Gambling & Sportsbooks that allow U.S. Residents to get in on the action directly from their smart phone or tablet.
Below you will find the Top Sportsbooks that accept Bitcoin, Ethereum, Bitcoin Cash, Monero, Doge as well as many other smaller cryptocurrencies.
SPORTS BETTING SITES
Bitcoin bookmakers are revolutionizing the world of sports betting. Many of the bitcoin sportsbooks featured on this website allow you to create anonymous accounts and wager from any part of the United States.
Thanks to bitcoin, these sportsbooks can process your deposits and withdrawals instantly, so you no longer need to wait weeks for a payout. Banking is also completely free, which means you’ll have more money in your player account. Bitcoin sports betting sites allow you to wager on every major league in the USA, UK, Europe, Australia and Asia, including the NFL, NBA, AFL and the English Premier League
Sundays just became a LOT more INTERESTING!
Top Crypto Casinos, Top Online Bitcoin Casinos, Bitcoin Sports Betting Guide, independently tested over 50 Different Bitcoin Sportsbooks & Casinos, Placed Bets, Deposited & Withdrew Funds, Ranked & Reviewed the Best U.S Friendly Bitcoin Sportsbooks & Casinos.
The Top Bitcoin Sportsbooks 2021
Nitrogen Sports bitcoin-only sports book & casino: no sign-up required, monthly parlay promotions and 80BTC maximum bet. In addition to sports, you can play table games like blackjack and poker. The bitcoin website also offers a dice game.
Nitrogen Sports are our favorite “bitcoin only” sportsbook. Since opening their doors back in 2012, they’ve quickly established themselves as the leading bitcoin sports betting site. They are headquartered in Costa Rica and owned by IdealMedia.com
- Easily the biggest, most established and trusted bitcoin bookmaker.
- 100% anonymous. Nitrogen do not even ask you to provide an email address.
- Live in-play betting available for major leagues like NFL, EPL, NBA and NHL.
- The minimum bet limit is 0.001 BTC and the maximum bet limit is 30 BTC+.
- Deposits are credited with zero confirmations and withdrawals process in hours.
- The Nitrogen Sports web-app works well on iPhone, Android and Windows Phone.
- 2-Factor Authentication available. Support provided via live chat or ticket system.
- Nitrogen Sports do NOT offer a deposit bonus but do they run some fun promos.