A Redditor named "u/FollowMe22", 27, says he has finally sold off the last of his Ether (ETH) stash acquired back in 2016. Co-ordinate to the Reddit mail, he began buying ETH back in 2016 when the price was slightly above $2, adding:

"I put my whole tax return in 2016 and threw a couple hundred at it whenever I could. I didn't buy a automobile and biked to work to salvage money. I retrieve at the time thinking there was about a 1/3 take chances it would 100x, so at that place was an asymmetrical hazard/reward in my opinion."

The Redditor said that he sold off a "large chunk" of his Ether "coins" during the 2017 balderdash run. However, he held on to the remaining ETH until January 2021.

Another Redditor on the thread unearthed the first-ever post from the u/FollowMe22's account detailing the latter's initial intention to buy and concord ETH for the long-term, stating:

"I'one thousand looking to buy virtually 250 ETH, but I'k very new to the cryptocurrency world and not very technically savvy. I've been doing a lot of reading on the Ethereum subreddits, but before signing up for Kraken I wanted to get some feedback from the trading community because there aren't many posts specifically near buying ETH with USD... I exercise plan to hold ETH for long-term."

In all, the early on Ether investor says he realized an boilerplate of xiv,900% in long-term capital gains on his cost basis. At 27, the early Ether buyer says he is now financially independent and plans to buy a house for his parents after in the year.

Ether is up almost lx,000% in the last v years and has twice crossed the $1,400 mark — in January 2018 and most recently in Jan 2021. According to Fundstrat Global Advisors annotator, David Grider, ETH toll could reach $10,500.

The mail is the latest to appear on Reddit detailing how investing in cryptos early on has helped people achieve financial emancipation. Before in January, another Redditor revealed that he had sold all his Bitcoin (BTC) to pay off his parents' mortgage. Another Redditor besides liquidated MOON tokens earned on the platform to pay for rent.