I'd call this a bad sign. This same kid's story got trotted out at the height of the last bubble in 2013. Along with the story of a EU guy that found bitcoin on an old hard drive that he paid $27, then at the time in 2013 they were suddenly worth $886k. I think the news said he bought a condo or something.
http://www.maxkeiser.com/2013/10/man-buys-27-of-bitcoin-forgets-about-them-finds-theyre-now-worth-886k/
These kinds of stories I call the "sucker" stories, that get trotted out by the MSM so that the fence sitters finally cave and invest into Bitcoin right into a bubble and eventual downturn.
Stay wary my friends.
And no, I'm not trolling. I'm a permabull still 90% in who has been through these Bitcoin cycles before, and have seen how this market works. Remember, the MSM is no friend to Bitcoin.
http://www.maxkeiser.com/2013/10/man-buys-27-of-bitcoin-forgets-about-them-finds-theyre-now-worth-886k/
These kinds of stories I call the "sucker" stories, that get trotted out by the MSM so that the fence sitters finally cave and invest into Bitcoin right into a bubble and eventual downturn.
Stay wary my friends.
And no, I'm not trolling. I'm a permabull still 90% in who has been through these Bitcoin cycles before, and have seen how this market works. Remember, the MSM is no friend to Bitcoin.
Re-buy at $200 then we can start all over again?
You never know. ETH went through a flash crash. There's always the chance that real Satoshi (if it is indeed one person and not a foundation) dies and the estate will have to liquidate to pay the estate taxes. (If Satoshi is a citizen of one of the countries that imposes such ridiculous taxes. US citizen would be bad. Japanese citizen would be even worse.) People forget that we have Satoshi's massive holdings hanging over our heads. Maybe Satoshi would never destroy his creation, but do you really think a government is going to care if they crash the market or not when demanding their estate taxes?
FUD

Super cheap coins! That would inevitably be a short term crash and at this point, those coins would get eaten immediately. After said event, massive confidence would return to the market with the new distribution. The only thing that could destroy bitcoin is people finding no real use for it any longer. For now that is certainly not happening.