An Auction Of 10000 BTC Was Held In March Of 2010 With A Base Bid Of 50 USD But Nobody Took It

Old crypto stories are always nice to relive and to talk about and this one is no different. The most famous forum for discussing Bitcoin since the beggining is Bitcointalk and from there comes the greatest stories.

In March of 2010 a user of Bitcointalk decided to make an experiment and started an auction of 10000 Bitcoins with a base bid of 50$. Since nobody made the base bid he decided to end the auction with no winner on the 7th of April.

This is epic because there were users that decided that it was a big base bid and it wasn’t worth it to pay 50 dollars for 10000 Bitcoins. One user even sugested lowering the base bid to 20$, but it wasn’t accepted. Other user even said than it was expensive to send money by mail to pay for these Bitcoins.

One interesting thing is that they were worried about being private in the purchase of the Bitcoins and didn’t want to use Paypal because of that, that’s way cash by mail was suggested.

Just like that a big oportunity to own a lot of BTC was lost by a lot of users in Bitcointalk, this amount of Bitcoin is worth more that 250 million dollars today, an amount that would make anyone rich.

This story resembles the man who bought Pizza for 10000 BTC and its another epic story of the early days of cryptocurrencies.

You can relive all the story in here.