Summary:
Crypto twitter member @cryptofelon has narrated how he bought a website domain for $16 and later sold it for $500k to a crypto exchange
He purchased the domain in 2017 and sold it in September 2021, making a 3,124,900% Profit
@cryptofelon was initially offered $500, then $200k
But he insisted he wanted 10 Bitcoin (BTC), which went for between $435k and $450k at the time
There are several known ways of making it in the crypto-verse. The known methods include trading, early investing in projects and NFTs, and holding Bitcoin for several years.
Selling Crypto Web Domains Could Also Be Profitable
However, one crypto-twitter community member, @cryptofelon, has narrated how he made a 3,124,900% profit by selling a crypto-related website domain to a multi-billion dollar crypto exchange after telling its representatives ‘to kick rocks.’
In his story that can be found in the Twitter thread below, @cryptofelon narrates how he purchased the said website domain for $16 and would later sell it for half a million dollars.
how i bought a crypto domain for $16,
told a multi-billion dollar CEX to kick rocks,
and negotiated my way from a $500 offer to selling it for half a million dollars:
🧵 pic.twitter.com/5LauO0vbiU
— cryptofelon (@cryptofelon) April 28, 2022
He Owned the Crypto Domain for 4 Years
To start, he bought the web domain in 2017 alongside other similar ones that have generated buyer interest over the years. However, this particular one caught the attention of a persistent buyer who sent him a $500 offer via the GoDaddy broker team. @cryptofelon quickly responded that he wanted 10 Bitcoin (BTC) for the site hoping ‘that it would be the end of it.’
A week later, he was offered $200k, a 400x increase from the initial offer. But he ignored the offer, stating the following:
But that’s not what I asked for. I wanted 10 bitcoin, and I was going to get 10 bitcoin.
And so, I ignored the offer. I turned down $200k — for a domain that only cost me $16. a 12,500x profit. I knew my worth. They came back again, a few days later.
Cryptofelon refused the $200k, which the broker was not too happy about, telling him that he would probably lose the entire thing. But @cryptofelon stood his ground, and his initial price of 10 Bitcoin (BTC). He said:
They REALLY didn’t like that [10 Bitcoin]. Sent me a novel. Negged my domain. Tried to shame me out of the reckless maneuver i was going for.
After this, radio silence. no replies. I waited. I had waited 4 years to sell this domain. I could wait longer.
And a week later, I ended up reaching out. I wanted 10 bitcoin, and to be fair, 10 bitcoin was cheaper than it was when i asked for $500k…
And then, I had it. $435,000. from starting at $500 -> $200k -> $350k, I now traded a $16 domain for $435k. I had done it.
[Feature image courtesy of Unsplash]
