Free Republic
Browse · Search
General/Chat
Topics · Post Article

Skip to comments.

Man Invests $20 in Obscure Cryptocurrency, Becomes Trillionaire Overnight, at Least Temporarily
Newsweek ^ | June 18, 2021 | JACK DUTTON 

Posted on 06/19/2021 10:01:58 AM PDT by lowbridge

When Chris Williamson put $20 into cryptocurrency Rocket Bunny, he didn't expect to become a trillionaire overnight.

Yet, temporarily at least, that appeared to be what happened.Williamson said that when he tried to move the currency into another wallet to withdraw, it wasn't showing the same price, so he contacted Coinbase.

The student from Manchester, Georgia, then rushed onto the Coinbase cryptocurrency trading app, barely believing what he was seeing.

Coinbase replied with a short answer saying it was looking into the issue, and tried to contact Rocket Bunny but never heard anything back.

"So, that's when I'm like, 'Okay, I'm just going to have fun with it at this point.'

So, I went to Twitter," Williamson told the news network."You know when you look at it, it's like you know there's no way I'm ever going to get this amount of money," he said.

Williamson was expecting the large sum of money to quickly disappear from his account, but instead it grew. He determined that he bought into the correct online coin, and that it wasn't a scam.

The Georgia student even tweeted billionaire Elon Musk, Tesla and SpaceX CEO who frequently posts to social media about cryptocurrencies, hoping he could provide him advice about his newfound fortune.

"I thought for sure because he trolls people all the time," Williamson said. "I am hoping he's actually saw it and maybe he's been following it, but I don't know. That is an Elon Musk wallet."

(Excerpt) Read more at newsweek.com ...


TOPICS: Business/Economy; Chit/Chat; Miscellaneous
KEYWORDS: crypto; cryptocurrency
Navigation: use the links below to view more comments.
first previous 1-2021-4041-42 next last
To: lee martell

A billion dollars isn’t what it used to be.


21 posted on 06/19/2021 12:50:46 PM PDT by Rennes Templar (Trump took down ISIS; Biden took down Dr. Seuss)
[ Post Reply | Private Reply | To 6 | View Replies]

To: Rennes Templar

LMAO, wha?


22 posted on 06/19/2021 2:05:06 PM PDT by cranked
[ Post Reply | Private Reply | To 21 | View Replies]

To: Enlightened1

The article says which cryptocurrency he invested in: Rocket Bunny.


23 posted on 06/19/2021 3:50:08 PM PDT by dinodino ( )
[ Post Reply | Private Reply | To 5 | View Replies]

To: dinodino

There is no coin named “Rocket Bunny” on Coinbase.

I did look it up, and it’s not even on 1 Exchange anywhere.

https://coinmarketcap.com/currencies/rocket-bunny/

Like I said it is FAKE NEWS.


24 posted on 06/19/2021 4:54:05 PM PDT by Enlightened1 ( )
[ Post Reply | Private Reply | To 23 | View Replies]

To: Enlightened1

Yes, there is a crypto called Rocket Bunny.

https://coinmarketcap.com/currencies/rocket-bunny/

Is it on Coinbase? I have no idea, as I only hold ETH and BTC.

see rocketbunny.io


25 posted on 06/19/2021 5:03:36 PM PDT by dinodino ( )
[ Post Reply | Private Reply | To 24 | View Replies]

To: Enlightened1

While there is no rocket bunny on coinbase, this is not a coin, it’s an etherum token.

You can hold the token in your coinbase wallet.

You can then go to uniswap, link your wallet and sell for Eth. Not sure what the gas fees are on 1 trillion dollar, but I bet it’s steep :)


26 posted on 06/19/2021 6:02:00 PM PDT by Malsua
[ Post Reply | Private Reply | To 24 | View Replies]

To: Enlightened1

Umm.... first line of article.

Rocket Bunny


27 posted on 06/19/2021 6:02:38 PM PDT by Basket_of_Deplorables (Convention Of States is our only hope now! Desantis 2024!!!)
[ Post Reply | Private Reply | To 5 | View Replies]

To: dinodino

Try reading my reply again on post #24.

I said there is no Rocket Bunny on COINBASE...., but provided you a link showing the coin exists, but it is not on any Exchange. Meaning you cannot get it anywhere.


28 posted on 06/19/2021 6:12:51 PM PDT by Enlightened1 ( )
[ Post Reply | Private Reply | To 25 | View Replies]

To: Malsua

So looking at this on Uniswap, 1 trillion Rocket bunnies will run $43.02 plus gas fees. If I had more Eth in my wallet, I’d be inclined to buy some of this garbage for the same reason the guy in the article did.

If you own a trillion of something, it doesn’t have to go up much to turn into some real money.


29 posted on 06/19/2021 6:13:16 PM PDT by Malsua
[ Post Reply | Private Reply | To 26 | View Replies]

To: Basket_of_Deplorables

Umm.. It’s not traded on any Exchange.

FAKE NEWS


30 posted on 06/19/2021 6:13:34 PM PDT by Enlightened1 ( )
[ Post Reply | Private Reply | To 27 | View Replies]

To: Enlightened1

Go to this link. It’s got rocket bunny pre-populated. Link a wallet with ETH on it and buy it yourself.

https://app.uniswap.org/#/swap?outputCurrency=0x3Ea50B7Ef6a7eaf7E966E2cb72b519C16557497c&use=V2


31 posted on 06/19/2021 6:14:59 PM PDT by Malsua
[ Post Reply | Private Reply | To 28 | View Replies]

To: Malsua

As a note, there’s no liquidity in Uniswap V3, so do the trade on V2.

If you don’t trust my link go to uniswap.org and search it yourself.

It’s there, you can buy it and it hold it in your coinbase wallet.


32 posted on 06/19/2021 6:19:45 PM PDT by Malsua
[ Post Reply | Private Reply | To 31 | View Replies]

To: Malsua

Link the Exchange that has Rocket Bunny.

There is none.


33 posted on 06/19/2021 6:25:39 PM PDT by Enlightened1 ( )
[ Post Reply | Private Reply | To 31 | View Replies]

To: Enlightened1

I don’t care, as I won’t be buy8ng it.


34 posted on 06/19/2021 6:26:23 PM PDT by dinodino ( )
[ Post Reply | Private Reply | To 28 | View Replies]

To: Malsua

For the record ETH stands for Ethereum and NOT Rocket Bunny.

Haha!

S.M.H.


35 posted on 06/19/2021 6:26:35 PM PDT by Enlightened1 ( )
[ Post Reply | Private Reply | To 31 | View Replies]

To: dinodino

That is irrelevant...

You could not buy it if you wanted to because it is NOT on any Exchange.


36 posted on 06/19/2021 6:28:17 PM PDT by Enlightened1 ( )
[ Post Reply | Private Reply | To 34 | View Replies]

To: Enlightened1
For the record ETH stands for Ethereum and NOT Rocket Bunny.

Uhm, yeah, I know that. I just bought 500,000,000,000 rocket bunnies for $21 and about $6 in gas fees. I did not buy it on an exchange, I bought it on uniswap. You know, DEFI? Which apparently you don't know what it is which makes you a crypto newbie.

37 posted on 06/19/2021 6:40:22 PM PDT by Malsua
[ Post Reply | Private Reply | To 35 | View Replies]

To: Enlightened1
Here is a picture of my coinbase wallet.

I just took it a few minutes ago.

Apparently there was some slippage and I lost 20 billion bunnies before the swap completed.

38 posted on 06/19/2021 6:48:43 PM PDT by Malsua
[ Post Reply | Private Reply | To 36 | View Replies]

To: Malsua

You obviously do not know understand DEFI and do not understand what is an Exchange.

DEFI stands for Decentralized Finance.

***NEWS FLASH****. UniSwap is an Exchange....It is a DECENTRALIZED Exchange with high gas fees.

When you did a swap from Ethereum to Rocket Bunny that is an Exchange! You did it on a decentralized Exchange.

The story is still FAKE NEWS. In order to cash back at Coinbase the guy would have to swap Rocket Bunny back to Ethereum on Uniswap first.....

The current Ethereum price is still over 2k a token. So he would not lose this trillions in Rocket Bunny like the story claims. Furthermore, if he did a swap, then you would see the spike in price of Ethereum sky. The price of Ethereum has been falling for a while now.

I have big crypto bags. I’ve watched my purchases move coin prices, including Ethereum, and they were not even 10k.

So if this guy really swapped his “Rocket Bunny” back into Ethereum on Uniswap the world would have saw it. Moreover, it is a taxable event, moved it back to Coinbase, and then tried to cash out in a Centralized Exchange? That would be a taxable event.

Coinbase would see a huge supply of Ethereum come into their Exchange, and it would get noticed world wide. The market cap on Ethereum would dramatically change and become the number 1 coin. This dude would have more Ethereum than the founders combined. Everyone would see it.

For the record, I have the highest level you can get on Coinbase, and it still has limits.

Let’s play make believe like this happen. Why would this guy go to 1 Exchange too? There are many other Exchanges that have cash you can swap Ethereum. They all have limits though.

If you really been in crypto a long time, then you clearly do not understand and do not know how it works.


39 posted on 06/19/2021 7:27:24 PM PDT by Enlightened1 ( )
[ Post Reply | Private Reply | To 37 | View Replies]

To: Malsua

I am a crypto newbie. I had a small quantity of BTC in a dormant Coinbase account...when I logged in after several years, the value was 50x what it had been. Now I buy and hold BTC and ETH through Coinbase.


40 posted on 06/19/2021 7:34:26 PM PDT by dinodino ( )
[ Post Reply | Private Reply | To 37 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-42 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
General/Chat
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson