Crypto

How One Twitter User Sold a Web Domain for $500K to a Crypto Exchange, Making Him a 3,124,900% Profit

Abstract:

  • Crypto twitter member @cryptofelon has narrated how he purchased an internet site area for $16 and later bought it for $500k to a crypto trade
  • He bought the area in 2017 and bought it in September 2021, making a 3,124,900% Revenue
  • @cryptofelon was initially supplied $500, then $200k
  • However he insisted he wished 10 Bitcoin (BTC), which went for between $435k and $450k on the time

There are a number of identified methods of constructing it within the crypto-verse. The identified strategies embrace buying and selling, early investing in tasks and NFTs, and holding Bitcoin for a number of years.

Promoting Crypto Net Domains May Additionally Be Worthwhile

Nevertheless, one crypto-twitter neighborhood member, @cryptofelon, has narrated how he made a 3,124,900% revenue by promoting a crypto-related web site area to a multi-billion greenback crypto trade after telling its representatives ‘to kick rocks.’

In his story that may be discovered within the Twitter thread beneath, @cryptofelon narrates how he bought the mentioned web site area for $16 and would later promote it for half one million {dollars}.

He Owned the Crypto Area for 4 Years

To start out, he purchased the net area in 2017 alongside different comparable ones which have generated purchaser curiosity through the years. Nevertheless, this specific one caught the eye of a persistent purchaser who despatched him a $500 provide by way of the GoDaddy dealer staff. @cryptofelon rapidly responded that he wished 10 Bitcoin (BTC) for the positioning hoping ‘that it will be the tip of it.’

Every week later, he was supplied $200k, a 400x improve from the preliminary provide. However he ignored the provide, stating the next:

However that’s not what I requested for. I wished 10 bitcoin, and I used to be going to get 10 bitcoin.

And so, I ignored the provide. I turned down $200k — for a site that solely price me $16. a 12,500x revenue. I knew my price. They got here again once more, a couple of days later.

Cryptofelon refused the $200k, which the dealer was not too completely satisfied about, telling him that he would in all probability lose your complete factor. However @cryptofelon stood his floor, and his preliminary value of 10 Bitcoin (BTC). He mentioned:

They REALLY didn’t like that [10 Bitcoin]. Despatched me a novel. Negged my area. Tried to disgrace me out of the reckless maneuver i used to be going for.

After this, radio silence. no replies. I waited. I had waited 4 years to promote this area. I might wait longer.

And per week later, I ended up reaching out. I wished 10 bitcoin, and to be truthful, 10 bitcoin was cheaper than it was when i requested for $500k…

After which, I had it. $435,000. from beginning at $500 -> $200k -> $350k, I now traded a $16 area for $435k. I had executed it.

[Feature image courtesy of Unsplash]



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