Topic: 15-Year-Old Makes $100,000 on Bitcoin - page 8. (Read 8625 times)
This story reminds me of the .com days when high school kids were taking their allowance from their parents and started day trading. There were plenty of stories like this when everyone was printing money!
To be young and to have a substantive amount of money. Maybe he'll realize that it is still beneficial to buy some back (but probably should have done it sooner).
After all, $100k is nice, but let's face it, based on average costs of living in the U.S., the average person needs to "receive" around $1.2 million in their lifetime. He's still not 10% the way there.
Hopefully, he doesn't blow it all on "luxuries," but he should treat himself to something nice.
After all, $100k is nice, but let's face it, based on average costs of living in the U.S., the average person needs to "receive" around $1.2 million in their lifetime. He's still not 10% the way there.
Hopefully, he doesn't blow it all on "luxuries," but he should treat himself to something nice.
That is a very cool story. There is a good chance he regrets selling his BTC though.
According to the reddit thread he sold near the ATH - $1200, so he can certainly buy back in at no loss.
He went full retard. Sold all of his BTC.
Never sell all your BTC.
Never sell all your BTC.
Age 15. Should had hold to the moon. Probably will spend it all before starting college.
I'm reminded of some kid who won $1 million lottery at age 17 (under 18 is allowed in certain areas) and he was down to $200K by first year college (still thought he was rich, so acted smug / arrogant / confident to the camera).
Lost his money by going full 'tard by buying cars, high end vacations and 'blind' investing on the stockmarket.
I bet this 15 year old will 'yolo' his 100K away in months
I'm reminded of some kid who won $1 million lottery at age 17 (under 18 is allowed in certain areas) and he was down to $200K by first year college (still thought he was rich, so acted smug / arrogant / confident to the camera).
Lost his money by going full 'tard by buying cars, high end vacations and 'blind' investing on the stockmarket.
I bet this 15 year old will 'yolo' his 100K away in months
Selling 100% off his bitcoins does not seem so smart
Why? You cant predict the future, if he held, and BTC crashed, it would have been holding would not have seemed so smart. Anyone would be smart to spend $100, and cash out at $100,000. The BRAVE hold it.
Quote from: 15 year old kid
I actually have a deal with my parents that if I make a million dollars before I turn 18, I don't have to go to college," he said.
One doesn't 'have' to go to college, one 'gets' to go to college. He is a very stupid kid indeed if he thinks he is so smart that he can't make good use of all those professors and laboratories at the university.
I have a conviction that bitcoin will be the liberator for the worlds poor like this 15-Year-Old. Ah, yes. I can already see the recyclers of the slums of Mumbai rushing to buy bitcoins on their smartphones and educating themselves about the ecosystem
I'm one who regret sold my BTC a half n year ago. I had 11 BTC in 2012. 
I'd never sell 100% of my BTC. If i was him, sell 50%, get your business going, and keep the rest.
I remember reading his thread on r/bitcoin. Cool kid, wish him luck with his website.
Hmm.... that's true. But still, everyday I curse myself for investing in those crappy crypto-stocks without thinking about the consequences. I got too much greedy perhaps, and got punished for the same.
It's no problem as long as you learn from it - and like I said just try to focus on the 4 BTC you still have 
I've lost a lot of BTC through silly investments too, but I'm still glad just to be involved anyway
It is actually easier to start a business when you are 15 because you have no commitments, have nothing to loose, and can take huge risks. That is what he did. I bet he is not the only 15 year old who made good money on bitcoin 
That is a shame, but you still have 4 Bitcoins which is more than most people have... if the price continues to increase who knows what they will be worth in 5 years?
Hmm.... that's true. But still, everyday I curse myself for investing in those crappy crypto-stocks without thinking about the consequences. I got too much greedy perhaps, and got punished for the same.
Could have been $1mn if he had held on. Perhaps should have.
Arguably....
Arguably....
Yes, if price would rise to 10.000 / BTC in a few years, it may be a mistake. It may be wise to at least keep a part of the money in bitcoin.
Could have been $1mn if he had held on. Perhaps should have.
Arguably....
Arguably....
At 15 you can pretty much take whatever risks you want. Taxes will be a bitch, though. If I was him, I'd get tons of PR, build a viable company, then sell it ASAP.
The real money is selling your tiny business to a much larger one (Huffington Post, etc.)
The real money is selling your tiny business to a much larger one (Huffington Post, etc.)
"I actually have a deal with my parents that if I make a million dollars before I turn 18, I don't have to go to college," he said. "I’m going to do it or die trying."
He's a man in a 15years old body
poor college 
He's a man in a 15years old body
poor college
Always hlod.
Should have HODLed!
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