In 2017, a Norwegian man named Kristoffer Koch made headlines for accidentally becoming a Bitcoin millionaire. In 2009, while writing a thesis on encryption, Koch bought 5,000 Bitcoins for just $27. He quickly forgot about them, as Bitcoin was mostly unknown and considered a risky, niche experiment at the time.

Fast forward to 2013, and after reading news about Bitcoin’s surge in value, Koch remembered his old purchase. He managed to recover his forgotten wallet and discovered his 5,000 Bitcoins were now worth over $800,000. Koch used part of the money to buy a luxury apartment in one of Oslo’s most expensive neighborhoods.

But not all Bitcoin early investors were so lucky. Take the story of James Howells, a British IT worker who accidentally threw away a hard drive in 2013 that contained 7,500 Bitcoins. He had mined them in 2009 when they were practically worthless. By the time he realized what he had done, the value of his lost Bitcoins had skyrocketed into the hundreds of millions. He’s since been on a mission to recover the hard drive from a landfill in Wales, even proposing a $10 million excavation plan, but so far, it remains lost in the trash.

These stories illustrate the extreme highs and lows of early Bitcoin investors—some became millionaires by sheer luck, while others lost fortunes with a single mistake.

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