This week marked the 13th anniversary of a bitcoin (BTC) sale that serves as a reminder of the tremendous growth the market has experienced since then.
According to the pioneering forum on the ecosystem, Bitcoin Talk , the then CEO of the CoinLab exchange, Peter Vessenes, published on August 30, 2010 that someone had put 30,000 bitcoins up for sale “for a low price” . He detailed that he was selling each coin at USD 0.03, which equated to a total of USD 900.
“It seems that someone really wanted to sell some bitcoins,” commented the CEO of CoinLab, to which some users of the forum responded that they took the opportunity to buy the offer , considering that at the beginning of the day bitcoin was even trading at double (USD 0, 06).
“I finally got some bitcoins! Thanks to whoever sold bitcoins cheaply,” said one. Meanwhile, another said: “I’m very glad I got a low offer.”
This “bargain”, according to the users of the moment, takes on greater weight when one sees the appreciation that bitcoin had later . Within 13 years of such a sale, the price of bitcoin rose more than 86,000,000% to its current USD 26,000.
Today, 30,000 bitcoins are equivalent to $780 million and were worth $2 billion when the currency hit its all-time high almost two years ago.
In response to the thread opened 13 years ago about this sale of bitcoin, a user with the pseudonym MoonShadow then responded that this initiative was an operation to manipulate the price and that he believed that he himself had generated it.
He elaborated that he believed that such a sale was “his fault” for having sent a cheap purchase request to someone who four months ago “had tried to break the system” by dragging the market down by selling at lower prices than the other sellers.
This guilty user said that he didn’t get to buy his bitcoins anyway because he had made a purchase request at a price slightly higher than 0.03. He noted that he was not expected to sell at that price.
In turn, he mentioned that he understood that such a seller had almost “given away” much of his holdings “in an attempt to demonstrate that bitcoin was subject to manipulation.”
He added that it was already known that someone could manipulate the price as long as they have a large “supply of bitcoin and a willingness to lose money . ” For this reason, he assured that he would continue making cheap purchase requests in case another seller like this appeared.
This led various commentators to speculate that the seller was a programmer known as “nenomod” who the previous month had said on his blog that he brought down the market to “demonstrate that the Bitcoin system can be attacked.”