This Student Invested $27 In Bitcoins Gets A Luxurious Apartment

Investment business depends on two things: luck and prudence. Sometimes your luck takes you to the peak of great success. And that has happened to a Bitcoin buyer. The $27 Bitcoins that he had bought in 2009 has brought him a luxurious apartment in Toyen.


Bitcoin is the world’s first decentralized peer-to-peer digital currency. The concept was introduced in a 2008 paper. However, 4 years ago in 2009, Bitcoin was a little-known internet currency. That year, Norwegian student named Kristoffer Koch was working on a thesis about encryption. He spent 150 kroner ($26.60) and bought some Bitcoins for fun. But later he forgot about the coins.

Kristoffer Koch

On the other side, since 2009 the value of Bitcoins started to rise slowly. In April of 2013, the value of bitcoins started to soar at great speed and hence, the internet currency received widespread media coverage. At then, Mr Koch remembered that he had bought a few Bitcoins years ago. When he found his bitcoins, he found there were actually “5000 bitcoins” whose value was about 5 million kroner or $885,520 (measured in today’s rates). He cashed in about one fifth of his Bitcoins and with that money he bought an apartment in Toyen.

I wish, I had bought some Bitcons too then! I feel jealous and regret. Do you feel the same? Share your feelings with us in the comments box below.

Thanks To: Herald Sun

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Anatol Rahman is the Editor at TheTechJournal. He loves complicated machineries, and crazy about robot and space. He likes cycling. Before joining TheTechJournal team, he worked in the telemarketing industry. You can catch him on Google+.

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