19 year old millionaire advice on Bitcoin

Alert31

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Quote from: Walrus1 on February 08, 2018, 09:48:28 AM

https://www.cnbc.com/2018/02/02/bitcoin-millionaire-says-this-is-how-much-to-invest-in-cryptocurrency.html?recirc=taboolainternal

Thought this was interesting

Erik Finman,a 19 year old millionaire is a good testimony to every bitcoiner that if you believe and invest in bitcoin there is a good outcome. Like what he did,he tried to convince as many as he can to trust into bitcoin for bringing his life into a good future. It is not impossible to happen for everyone.

Shreek

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luck is on his side, and his advice gives me motivation. a good choice to store all our wealth in bitcoin. I believe that today bitcoin can give us a big advantage.

but not easy, because the crypto world has a big risk. thus making some people do not believe in bitcoin. beginners always FOMO and old users have to experience various kinds of shocks. whether the shock will make it strong and endure or will make it go away from bitcoin.

odolvlobo

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Quote

He currently owns 401 bitcoins, which equals $3.4 million at a rate of $8,512 a coin.
...
Still, he adds the same disclaimer as Mark Cuban: Only invest what you're willing to lose.

Apparently, he is willing to lose $3.4 million (which I assume is nearly everything).

Omega Weapon

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Quote from: Adeyemi on February 09, 2018, 06:10:51 PM

If I invested only 10 percent of my entire income in Bitcoin since two years ago, I would be a millionaire now. So, his advice is apt. Just invest your 10 percent of your entire income in crypto from now and see what happens in the future. What's the worst thing that could happen? You'll spend it anyways if you don't take that decision.

The problem is that many people do not think like that, when faced with the option to spend all their money or invest 10% of their money they prefer to spend it all, even if a person did not invested 10% in crypto and invested that in stocks after a few decades they will get great profits, but people do not think about the future they only care about the present and nothing more.

santieevanz

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Quote from: Walrus1 on February 08, 2018, 09:48:28 AM

https://www.cnbc.com/2018/02/02/bitcoin-millionaire-says-this-is-how-much-to-invest-in-cryptocurrency.html?recirc=taboolainternal

Thought this was interesting

The 19 years old named Erick Finman is lucky enough to earn 403 bitcoins. This story of Finman, have been a big inspiration to young kids because as you can see, he was offered to buy his tokens either with cash of $100,000 or 300 bitcoins and fortunately, he took 300 bitcoins because he believes that it was a "next big thing" which already happened. The videos in the article give inspiration and hope to the young ones which might help to encourage them to deal with bitcoin.

handsomes

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So i say to 19 years old your money its worth million the money is very hard to get for this physical but in bitcoin is very easy your money you use when doing business so that's not going to go back and down.

Sithara007

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Quote from: sureshotcoin on February 12, 2018, 06:52:20 AM

19 year giving advice is truly inspiring he said nt to spend much amount in college education rather buy bitcoin

Don't get overwhelmed by these news articles. Just yesterday I read a news article about a student in South Korea, who committed suicide after losing heavy amounts in Bitcoin investment. So it goes both ways.

adriaymati58

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Thank you for sharing this, it is very interesting. He got very lucky and people can learn from this a lot of things in bitcoin

Generalbablita

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It's a very interesting story. A lot of key points we could definitely catch on.

joebrook

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Quote from: Walrus1 on February 08, 2018, 09:48:28 AM

https://www.cnbc.com/2018/02/02/bitcoin-millionaire-says-this-is-how-much-to-invest-in-cryptocurrency.html?recirc=taboolainternal

Thought this was interesting

That's an excellent advice from the guy, 10% is exactly what most Christians pay as tithe to their Churches and it wouldn't really hurt anyone to invest that percentage into anything.

Victorycoin

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Quote from: Notcalculator on February 08, 2018, 10:35:19 AM

well besides luck, he's somewhat special. He bought his first bitcoin at the age of 12. What 12 year old boy is interested in investment? Of course this is with the assumption that he acted on his own. But even if it were his parents influencing him, it's still pretty impressive, especially since he continued to grow his btc.

Sure let's give it to the boy, if wishes were horses, every teenager out there, should be owing hundreds of Bitcoin by now, but most 12 years would have spent their $1000 gift on video games and the likes, but here was a young entrepreneur, who apparently understood the power behind Hodl, well beyond many grown ups. It is true that fortune smiles most often, on the prepared and bold!

Anti-Cen

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High fees = low BTC price

"19 year old millionaire advice on Bitcoin"

Yes we have some of them here too playing spot the ball but will he put his hands in his pockets to help people out as
hundreds of other people are thinking about ending it all as the price of Bitcoin continues to tumble ?

Financial advise from kids is not something I need thank you

sureshotcoin

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19 year giving advice is truly inspiring he said nt to spend much amount in college education rather buy bitcoin

easynote

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Quote from: godblessyou12 on February 09, 2018, 03:42:40 PM

Quote from: Walrus1 on February 08, 2018, 09:48:28 AM

https://www.cnbc.com/2018/02/02/bitcoin-millionaire-says-this-is-how-much-to-invest-in-cryptocurrency.html?recirc=taboolainternal

Thought this was interesting

Very challenging post to read that even a 19 year old already got a million in bitcoin

The story is alright though since he is already a millionaire and giving people advice, he will get attacked for his money.

Vatimins

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Well, all I can say is that he is a very lucky person. He had the money, he believed, and made great returns. I for sure would've also invested all that I have considering that I had the money at the age like his when he had parents to support him with his daily needs and do not have to worry about bills and all that including his education. But, sadly, I didn't have the same faith as him. But even so, I ain't gonna give up. I will surely be someone successful someday. My ways in doing it my change but my goal and aim in life will stay the same.

kfor01

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Generation of millennials is impressive. This kid has brain and courage to make his own decisions and follow his strategy. This a very good example that even teenagers can become milliners if they use they brain in right way.

Qartersa

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Lucky or not, the teen still got balls. You have to give him the benefit of the doubt, especially with the fact that he did so at such tender age. It sure is not easy for all of us adults to venture onto this new breed of cryptos, much more for this teen who is only staring to know about how it is to live. Come on, do not be bitter and just take the good side out of his advice. He still got to experience majority of the people here has not.

In this business, I learnt how age does not define a person's success. What is defining is ones ambitions and ones guts to go after those ambitions. And with this kid right here, he got my respect, regardless of whose money he used for gambling/trading. Not afraid of losing is a trait not everyone of us is gifted with.

fiulpro

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I don't think it's possible again .. because since new cryptos are emerging they are also saturating the market value of all others since we have limited investors and so many options the profit that we could think of earning is very less.
I don't think it's possible ... In the future ...
But..now the price of Bitcoins is very..low.. and we could expect it to..gain the momentum in couple of months ..maybe we could see a story similar to it.. only if the other person has enough to invest

TheGreatUnknown

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Indeed!
Young one's who are willing to take the risk and invest in a very young age is very interesting, and at young age he is aware about his future and investing his money that is awesome. I started investing at the age of 20 and there are people who admired me from it because at this age I'm aware of it, but I admire this boy more because some of the well known entrepreneur said "if you are aware at this business at a young age you are one step ahead of those teenagers at your age"

mx667

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Quote from: Diced90 on February 11, 2018, 05:43:26 AM

To be honest you cant compare the crypto market back then when bitcoin was the ultimate crypto commanding over 80% of the market cap to what we have today and not forgetting we now have shitcoins to look out for, pump and dump coins and a whole lot of variables to consider, its good the 19 year old invested while the market was being doubted by most of us.

It is one of the lucky ones and understands when to invest. I've always been jealous and anxious when I hear stories like this. I was always impatient and wanted to follow in their footsteps. He started buying Bitcoin when the price of Bitcoin is still 2 digits only, it is a very lucky thing if I think. I do not think I can imagine how much money Bitcoin doubled, not just for this boy. We should begin to take advantage of this moment and opportunity. We should not waste the opportunity to invest with Bitcoin. Maybe Bitcoin is one of the best ways and opportunities for you to change your family's economy.

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