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Topic: 15-Year-Old Makes $100,000 on Bitcoin - page 4. (Read 8625 times)

legendary
Activity: 3766
Merit: 1217
June 17, 2014, 12:15:34 PM
I am very doubtful he doesn't have any left

According to the article, he has sold all his coins for fiat. I don't blame him. Bitcoin is a very risky investment. You can lose all your net worth in a matter of few days, if not hours.
legendary
Activity: 1918
Merit: 1018
June 17, 2014, 12:04:47 PM
Oh woe is thee! Spending money to help better someone's Education. And not to mention, have you read the article? His tutors can charge whatever they like. Right now he's getting 30% royalty.

30% of $39/hr (Which is what one of his tutors are offering) equals approx. $11/hr to him.

Tell me, Rupert, what would your business be like? And Shark Tank (Which is just one show on entrepreneurs, and yes, I fucking love it.) won't have 'laugh you off'? And just because he's a kid doesn't mean that all of his decisions are idiotic. Every entrepreneur makes a stupid decision in their lifetime.

Hmm... if this is true, then this 15-year old is more intelligent than most of the 30-year old posters here. The only thing that I don't like about him is the fact that he doesn't have anymore coins in his stash.

I am very doubtful he doesn't have any left

I am not surprised than a 15 years old is more intelligent than any 30 years old
legendary
Activity: 3766
Merit: 1217
June 17, 2014, 11:20:53 AM
Oh woe is thee! Spending money to help better someone's Education. And not to mention, have you read the article? His tutors can charge whatever they like. Right now he's getting 30% royalty.

30% of $39/hr (Which is what one of his tutors are offering) equals approx. $11/hr to him.

Tell me, Rupert, what would your business be like? And Shark Tank (Which is just one show on entrepreneurs, and yes, I fucking love it.) won't have 'laugh you off'? And just because he's a kid doesn't mean that all of his decisions are idiotic. Every entrepreneur makes a stupid decision in their lifetime.

Hmm... if this is true, then this 15-year old is more intelligent than most of the 30-year old posters here. The only thing that I don't like about him is the fact that he doesn't have anymore coins in his stash.
legendary
Activity: 1918
Merit: 1018
June 17, 2014, 08:21:18 AM
Should have sold off only a portion rather than the whole sum just in case in the long term we moved upwards. Regardless though I'd say he's just another one of those cases where having some luck and being in the right place at the right time can pay off overall.

It is not written that he sold it all, he probably kept 10-60% of it and he can buy back, earn a nice income with his business, earn BTC with his business or sell his business for a large fiat amount that he can partly transfer in BTC for safety and value

There was an article that say some 15 year old used $1,000 that his grandmother gave him to buy bitcon early last year and old it recently for a $150,000 profit.

It does say he sold it for 100k$ :

"When Erik Finman received $1,000 from his grandmother in 2012, he invested it in bitcoin, the then-obscure form of online currency. A year and a half later, he sold his investment for $100,000 and used the earnings to launch Botangle.com, an online tutoring service that runs on video chat."

I think it is unlikely he didn't kept any of it
sr. member
Activity: 448
Merit: 250
It's Money 2.0| It’s gold for nerds | It's Bitcoin
June 15, 2014, 01:10:55 PM
Should have sold off only a portion rather than the whole sum just in case in the long term we moved upwards. Regardless though I'd say he's just another one of those cases where having some luck and being in the right place at the right time can pay off overall.

It is not written that he sold it all, he probably kept 10-60% of it and he can buy back, earn a nice income with his business, earn BTC with his business or sell his business for a large fiat amount that he can partly transfer in BTC for safety and value

There was an article that say some 15 year old used $1,000 that his grandmother gave him to buy bitcon early last year and old it recently for a $150,000 profit.
sr. member
Activity: 364
Merit: 250
June 15, 2014, 01:07:27 PM
Great for him.  Cool to see a kid getting into bitcoin.

Who get's $1,000 as a gift for easter as a 15 yr old though  Huh Roll Eyes Tongue Grin
full member
Activity: 379
Merit: 100
June 15, 2014, 12:49:24 PM
I wish Bitcoin was around when I was a kid and had times on my hands (as well as no kids, lol).

My kids are too young to understand BTC.  I think BTC is prime for kids in high-school though.  Anyways, lucky kid.
sr. member
Activity: 308
Merit: 250
June 15, 2014, 12:48:30 PM
Great for him and very wise that he took his profits. I hope that he kept a few BTC just in case though Wink
legendary
Activity: 1918
Merit: 1018
June 15, 2014, 10:45:43 AM
Should have sold off only a portion rather than the whole sum just in case in the long term we moved upwards. Regardless though I'd say he's just another one of those cases where having some luck and being in the right place at the right time can pay off overall.

It is not written that he sold it all, he probably kept 10-60% of it and he can buy back, earn a nice income with his business, earn BTC with his business or sell his business for a large fiat amount that he can partly transfer in BTC for safety and value
sr. member
Activity: 448
Merit: 250
It's Money 2.0| It’s gold for nerds | It's Bitcoin
June 14, 2014, 11:36:18 AM
Yeah he should have kept hold of some as a future investment, but I can see why he'd want to sell.

He sold his coins in order to start a business. I believe that his business deals in BTC.

If his business is successful then he could potentially earn more BTC then he sold to start his business.
legendary
Activity: 1148
Merit: 1006
Black Panther
June 14, 2014, 09:42:22 AM
it is a fortune unfortunately why 4 years ago bitcoin pupoler not in my country
newbie
Activity: 24
Merit: 0
June 14, 2014, 09:09:54 AM
He most likely buys back his btc..  He will have a business and more btc in the future
member
Activity: 71
Merit: 10
June 14, 2014, 07:45:48 AM
Yeah he should have kept hold of some as a future investment, but I can see why he'd want to sell.
hero member
Activity: 742
Merit: 502
Circa 2010
June 14, 2014, 07:32:28 AM
Should have sold off only a portion rather than the whole sum just in case in the long term we moved upwards. Regardless though I'd say he's just another one of those cases where having some luck and being in the right place at the right time can pay off overall.
hero member
Activity: 868
Merit: 1000
June 14, 2014, 07:01:28 AM
If any of us 3 years ago was collecting btc for 1usd.... Wink
legendary
Activity: 2072
Merit: 1049
┴puoʎǝq ʞool┴
June 14, 2014, 06:17:10 AM
#99
wow, I was very motivated at all Smiley
I wish I could make such a thing would surely happy parents, relatives and other people who really need it Smiley

Its all about seizing the opportunity and being in the right place at the right time. Then you can achieve anything!
full member
Activity: 182
Merit: 101
June 14, 2014, 06:13:42 AM
#98
Real entrepreneurs know that you can't just sit on your wealth, but need to put it to work.

if I stay seated alone: D
sr. member
Activity: 476
Merit: 255
June 14, 2014, 05:17:09 AM
#97
how lucky. just by holding for a higher price.
seems like anyone can do it
sr. member
Activity: 448
Merit: 250
It's Money 2.0| It’s gold for nerds | It's Bitcoin
June 12, 2014, 05:42:05 PM
#96
He did a nice investment like most of us, but he was lucky not to have lost them in scams or trading at loss.

Based on the viability of BTC at the time, he was essentially buying a lottery ticket. He may have been able to see the fundamental value in the blockchain concept and made a good bet.
legendary
Activity: 1918
Merit: 1018
June 12, 2014, 02:57:37 PM
#95
I wonder if he is a member on bitcointalk, you would think he knows the forum, care to greet us?
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