{"id":279885,"date":"2020-12-21T05:51:24","date_gmt":"2020-12-21T10:51:24","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=279885"},"modified":"2020-12-21T05:51:24","modified_gmt":"2020-12-21T10:51:24","slug":"a-story-of-regret-early-btc-dev-missed-out-on-1-3b-by-selling-early","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/a-story-of-regret-early-btc-dev-missed-out-on-1-3b-by-selling-early","title":{"rendered":"A Story Of Regret: Early BTC Dev Missed Out ON $1.3B By Selling Early"},"content":{"rendered":"

Martti Malmi stands as one of the earliest developers within the Bitcoin space<\/a>, is known as Sirius in the space. Recently, the man has come to detail what exactly happened to his significant Bitcoin holdings, almost 55,000 BTC at its peak, since the early years of 2009.<\/p>\n

The Casualties Through The Decade<\/h2>\n

On a Twitter thread made on Friday, the former BTC developer revealed the massive crypto gains he made back during 2009 and 2010, when the prices were almost zero at the time.<\/p>\n

As it stands, he explained that he sold 5,050 BTC back in October of 2009 for a (now) laughable price of $5. Another batch, by the tune of 30,000 BTC, was lost by way of one of the first BTC exchanges<\/a> he operated, primarily due to the lack of established exchange rates back then.<\/p>\n

In his thread, Malmi highlighted his plans of hodling the remainder of the Bitcoin, but was later forced to sell another batch at around $5 apiece thanks to employment concerns. Ever since, however, the man\u2019s kept various amounts of Bitcoin in his savings throughout the years. While not much, it\u2019s still a significant gain through the years.<\/p>\n

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I'd be a *billionaire* now if I hadn't sold the 55,000 bitcoins I mined on my laptop in 2009-2010 way too early (mostly before 2012). That is regretful, but then again, with the early bitcoiners we set in motion something greater than personal gain.<\/p>\n

— Martti Malmi (@marttimalmi) December 18, 2020<\/a><\/p><\/blockquote>\n