Every Bitcoiner’s Worst Nightmare Is Being an NFT

Alex Dovbnya

The most infamous Bitcoin tweet is being auctioned off as an NFT on OpenSea

Early Bitcoin investor Greg Schoen has announced that his legendary tweet expressing regret for taking profits too early is now available for auction on leading NFT marketplace OpenSea.

He says “a lot of people” have suggested such an idea, although Schoen was surprised to see someone want to buy his 2011 tweet.

As reported by U.Today, former Twitter CEO Jack Dorsey and Cardano creator Charles Hoskinson were among those who auctioned off their famous tweets as NFTs last year.

Teaching the importance of HODLing

In May 2011, when Bitcoin hit $8, Schoen tweeted about the sale of 1,700 BTC he bought for $102 for $0.30, causing him to miss out on significant gains.

His stock would have been worth a whopping $68 million as of today.

Over all these years, Schoen’s story has served as a cautionary tale for those Bitcoiners who question the power of HODLing.

The early investor did not leave the cryptocurrency community out of spite and remained relatively active on Twitter.

In December 2017, the month Bitcoin hit $20,000 for the first time, Schoen tweeted that he was long overdue. At the time, he said he still owned some crypto, but his balance was “much lower”. In September 2018, Schoen tweeted that he sold his remaining Bitcoin for $15,000 to pay off student loans.

Schoen is under no illusions, claiming he would have been tempted to sell at every major price milestone had he not sold for $0.30:

Unless you literally knew it was going to take off like a rocket, you would be tempted at every milestone.

Leave a Reply

Your email address will not be published.