Topic: High school dropout who invested in bitcoin is now a millionaire at 18 - page 11. (Read 6577 times)
June 27, 2017, 06:07:45 PM
I already heard about it and hes really a genius thinking that the bitcoin will become successful in the coming year and its really a voom in the cryptocurrency world bitcoin is increasing its price over time so i really will i know bitcoin when its only 20$
June 27, 2017, 05:35:36 PM
Damn, when I was 12 years old all's I ever cared about was riding my bike and playing football (American). The most I ever had in my pocket back then was maybe twenty dollars.
Well with me on that age I really dont care about investing and my future. I just keep on thinking about how finish Crash bandicoot and other computer or playstation games. And I cant even get that amount of investing because we are not that rich. But kudos to this kid he has now secured future.
June 27, 2017, 05:16:31 AM
http://www.c[Suspicious link removed]m/2017/06/20/bitcoin-millionaire-erik-finman-says-going-to-college-isnt-worth-it.html
Erik invested in bitcoin when he was 12 and not is a millionaire at age of 18. This is a good story for Bitcoin.
But here is something that I do not understand:
An excerpt from the article:
"Eventually he found a buyer for Botangle's technology in January 2015. The investor offered either $100,000 or 300 bitcoin, which had dropped in value at that time to a little more than $200 a coin. He took the lower cash value bitcoin deal because he believed it was "the next big thing."
"My parents asked 'Why don't you take the more cash?"' Finman explained. "But I thought of it more of an investment.""
Why didn't he take the $100K and bought more bitcoins instead? Granted that there has to be some tax consideration, but tax rate has to be as high as 40% in order for both of the cash option and the bitcoins option to breakeven. If the tax rate was at 40%, then he could get $60K after tax and would be able to buy 300 bitcoins at the market price ($200 at the time). Moreover, one day when he sells the bitcoins, he can dedect $200 on each of the bitcoins from the capital gain as cost.
He made the decision right. From the small boy to a big man, I hope one of these days investors offered me an opportunity which I will choose it's either cash or bitcoin. I will choose bitcoin quickly, no doubt for it. Living in developing countries would dream to have a bitcoin. We must be practical and always think for the future. Good decision for the boy choose bitcoin, hope he will give some of his bitcoin on the unfortunate people. Erik invested in bitcoin when he was 12 and not is a millionaire at age of 18. This is a good story for Bitcoin.
But here is something that I do not understand:
An excerpt from the article:
"Eventually he found a buyer for Botangle's technology in January 2015. The investor offered either $100,000 or 300 bitcoin, which had dropped in value at that time to a little more than $200 a coin. He took the lower cash value bitcoin deal because he believed it was "the next big thing."
"My parents asked 'Why don't you take the more cash?"' Finman explained. "But I thought of it more of an investment.""
Why didn't he take the $100K and bought more bitcoins instead? Granted that there has to be some tax consideration, but tax rate has to be as high as 40% in order for both of the cash option and the bitcoins option to breakeven. If the tax rate was at 40%, then he could get $60K after tax and would be able to buy 300 bitcoins at the market price ($200 at the time). Moreover, one day when he sells the bitcoins, he can dedect $200 on each of the bitcoins from the capital gain as cost.
Am I missing something in here? Don't drop out from high school? 
I won't do that, I have a better opportunity when I continue studying until I finished it. June 26, 2017, 08:33:16 PM
The person high school dropout who invested in bitcoins is now a millionaire at 18
he is just because of lucky, he invested in bitcoins without analisys bitcoins,
dropout from high school wish to be millionaire is not good ideas due to
however the education is very important for our life in the future.
he is just because of lucky, he invested in bitcoins without analisys bitcoins,
dropout from high school wish to be millionaire is not good ideas due to
however the education is very important for our life in the future.
Tons of luck are in this millionaire kid. Maybe he didn't know or expected it will happen to his life. Just got lucky he knows bitcoin ahead of time. Oh i envy him. Hope this will serve an inspiration to all that nothing's impossible when you dream.
I wouldn't say that it was pure luck that made him into a millionaire but also the intelligence and skill that he has. He knew that bitcoin will be the NEXT BIG THING and he tried investing it and that decision paid him well. This also proves that not all high school drop-outs are all for nothing but don't get me wrong, education still is the most important thing besides food. At the end of the day, what matters is the determination and goal-oriented way of thinking that one may be successful.
June 26, 2017, 08:25:07 PM
http://www.c[Suspicious link removed]m/2017/06/20/bitcoin-millionaire-erik-finman-says-going-to-college-isnt-worth-it.html
Erik invested in bitcoin when he was 12 and not is a millionaire at age of 18. This is a good story for Bitcoin.
But here is something that I do not understand:
An excerpt from the article:
"Eventually he found a buyer for Botangle's technology in January 2015. The investor offered either $100,000 or 300 bitcoin, which had dropped in value at that time to a little more than $200 a coin. He took the lower cash value bitcoin deal because he believed it was "the next big thing."
"My parents asked 'Why don't you take the more cash?"' Finman explained. "But I thought of it more of an investment.""
Why didn't he take the $100K and bought more bitcoins instead? Granted that there has to be some tax consideration, but tax rate has to be as high as 40% in order for both of the cash option and the bitcoins option to breakeven. If the tax rate was at 40%, then he could get $60K after tax and would be able to buy 300 bitcoins at the market price ($200 at the time). Moreover, one day when he sells the bitcoins, he can dedect $200 on each of the bitcoins from the capital gain as cost.
Am I missing something in here? Don't drop out from high school?
Erik invested in bitcoin when he was 12 and not is a millionaire at age of 18. This is a good story for Bitcoin.
But here is something that I do not understand:
An excerpt from the article:
"Eventually he found a buyer for Botangle's technology in January 2015. The investor offered either $100,000 or 300 bitcoin, which had dropped in value at that time to a little more than $200 a coin. He took the lower cash value bitcoin deal because he believed it was "the next big thing."
"My parents asked 'Why don't you take the more cash?"' Finman explained. "But I thought of it more of an investment.""
Why didn't he take the $100K and bought more bitcoins instead? Granted that there has to be some tax consideration, but tax rate has to be as high as 40% in order for both of the cash option and the bitcoins option to breakeven. If the tax rate was at 40%, then he could get $60K after tax and would be able to buy 300 bitcoins at the market price ($200 at the time). Moreover, one day when he sells the bitcoins, he can dedect $200 on each of the bitcoins from the capital gain as cost.
Am I missing something in here? Don't drop out from high school?
The kid is 12, that's the main reason. If that person was so young, it would most likely be illegal for the person to purchase bitcoin. The kids' parents would have to be involved in every step of purchasing bitcoin. The kid has wisdom to hold the bitcoin untill now and is now a billionaire. He took a risk and profited of it
Good Job!!!
June 26, 2017, 07:35:51 PM
I don't see your question here. What is weird in the story? He did the right thing by accepting bitcoin instead of getting cash. Because he got rid of possible tax and he made a great opportunity for his future.
Very smart kid he know that bitcoin have a good future thats why he choose bitcoin than to cash. He does not regret upon choosing instead of cash he choose bitcoin for the better. In 12 years old i think cash its not really matter to them now his millionaire. June 26, 2017, 07:02:25 PM
This is what happens when you have intelligent friends, who talk to you about new technology such as Bitcoin. Unfortunately for me, no one told me about Bitcoins when the prices were low. Else, I could have become a millionaire by now. 
Sometimes reading stuff completely new to you also helps in enriching not only the mind but also your future. This kid is no extraordinary; he just happened to make the right decision at the right time like most of the millionaires of bitcoin did. It would be extraordinary if the kid did like what the ETH founder did. Wise in investment yes but not that extraordinary, but it feels good.
Let's make it as an inspiration to everybody who is older that this kid, well I am pertaining to most of us here who is more mature than the kid. As long as there is time ticking it's mechanical movement, we can do a lot more and that kid without any bored feeling got into a wealthiest status of life right now by his investment from bitcoin. Eventhough that kid has nothing to do about his schooling, he did it not fair with his teacher but for his future of bitcoin he made it, I think all studies made by a very successful man could lend some money of the kid who drop out. It remind me the stories of bill gates, he's also a drop out from the university where he studied but now his friends who became an engineers was already his trusted workers.
June 25, 2017, 10:31:14 PM
The person high school dropout who invested in bitcoins is now a millionaire at 18
he is just because of lucky, he invested in bitcoins without analisys bitcoins,
dropout from high school wish to be millionaire is not good ideas due to
however the education is very important for our life in the future.
It was just indeed pure luck and hes destined to be really a millionaire even hes a drop out hes just lucky enough that he jumped on the boat when bitcoin is just starting and now those sacrifices and assumptions does really pays off later and now hes enjoying the fruit on success on bitcoins. For sure he didnt expect to be millionaire and there are really persons do born lucky.he is just because of lucky, he invested in bitcoins without analisys bitcoins,
dropout from high school wish to be millionaire is not good ideas due to
however the education is very important for our life in the future.
We can't really tell what may happen in future,whether will get successful or not,it just a matter of trying to do things that suits our interest and risking what we have to make ut better. Luckily he is one who made it,thanks to btc.
how his bitcoins be growing up and make another bitcoins,
i think he will be confuse, what's will do with his bitcoins or maybe his whealty in bitcoins was gone today
if he doesn't know how to manage the whealty.
June 25, 2017, 10:28:39 AM
Yes, I read this story on Facebook. There are yet many investors who have invested in the Bitcoin and they don't care about the current price fluctuations. On the other hand, there are some early adopters who invested heavily in the bitcoin in its early phase and sold it too. This is a matter of intuition and luck, who knows everyone who posted in the thread might become millionaires after 10 years from now.
Don't feel bad newbies - Early adopter without many Bitcoins.
When he invested that time, the Bitcoin doesn't have this much popular in the real world. So the seller also gave his bitcoins for less price, and the buyer took a risk and bought those coins now he is a millionaire. But now the situation is changed if the price drop under $1000 no one will sell their coins they will wait until it comes up. Because bitcoin gained the trust in the market. No one gets panic if the price drop. I think in this situation if we want to become a millionaire it is a tough job. Don't feel bad newbies - Early adopter without many Bitcoins.
The Bitcoin network has been battling with blocksize scaling and now a date is in view for a seeming solution - what does it suggest to a bitcoiner
For me it is buy and buy before that date and hodl. 
June 25, 2017, 07:06:17 AM
Our children were lucky to have such an opportunity to invest at a young age and without straining to become very rich.
June 25, 2017, 06:24:41 AM
The person high school dropout who invested in bitcoins is now a millionaire at 18
he is just because of lucky, he invested in bitcoins without analisys bitcoins,
dropout from high school wish to be millionaire is not good ideas due to
however the education is very important for our life in the future.
he is just because of lucky, he invested in bitcoins without analisys bitcoins,
dropout from high school wish to be millionaire is not good ideas due to
however the education is very important for our life in the future.
Tons of luck are in this millionaire kid. Maybe he didn't know or expected it will happen to his life. Just got lucky he knows bitcoin ahead of time. Oh i envy him. Hope this will serve an inspiration to all that nothing's impossible when you dream.
June 25, 2017, 06:22:32 AM
A High school dropout become a millionaire at the age of 18! Realy it is the great inspiration for those people who are also dropout from School, College and University.
Anyone can take the right decision he or she can get success. This guy has taken the right decision and finally, he became a millionaire.
What you've mentioned is correct. Each and every dropout can consider him an inspiration. But to be an inspiration to all what he has done is nothing. Just the luck has made him a millionaire. If not he might be working somewhere else. So in my view a person can be considered as an inspiration if he's done something good to the society.Anyone can take the right decision he or she can get success. This guy has taken the right decision and finally, he became a millionaire.
Well he made it to the list with successful or should I say wealthy people like Bill Gates, Zuckerberg, and founder of the apple, steve jobs. All were dropouts and yet become rich. Dropouts does not mean that there is no hope to be rich. It is about a combination of luck and being smart.
June 25, 2017, 06:12:57 AM
I wonder if its possible his parents actually inherited the money and gave it as a free gift from tax, then reinvested some it in bitcoin under their sons name.If it did well like they might have predicted then he would not only have a huge nest egg but most likely free rides into the field of interests they want him to go into, or that he wants to get into because he wouldbe precieved as a prodigy or somethingHe'll most likely end up at some University.His parents were smart, apparently met at went to Standford and he has a brother at MIT
June 25, 2017, 06:01:30 AM
A High school dropout become a millionaire at the age of 18! Realy it is the great inspiration for those people who are also dropout from School, College and University.
Anyone can take the right decision he or she can get success. This guy has taken the right decision and finally, he became a millionaire.
What you've mentioned is correct. Each and every dropout can consider him an inspiration. But to be an inspiration to all what he has done is nothing. Just the luck has made him a millionaire. If not he might be working somewhere else. So in my view a person can be considered as an inspiration if he's done something good to the society. Anyone can take the right decision he or she can get success. This guy has taken the right decision and finally, he became a millionaire.
June 25, 2017, 05:56:43 AM
A High school dropout become a millionaire at the age of 18! Realy it is the great inspiration for those people who are also dropout from School, College and University.
Anyone can take the right decision he or she can get success. This guy has taken the right decision and finally, he became a millionaire.
Anyone can take the right decision he or she can get success. This guy has taken the right decision and finally, he became a millionaire.
June 25, 2017, 03:13:28 AM
I wish I was s clever as this kid but I am not so am no where in millionaire's row at present BUT this is a very inspiring story and you never know, if you keep trying, something good can happen to you also and you can become lucky too. This gives us motivation to never give up looking for a good opportunity to invest in. This was one very wise and lucky kid!
Wow that kid is so blessed and lucky. I hope that he could manage his earning very well. And hoping that his family he could help his family in their everyday needs. He should have an investment for the money that he earn. I hope that i was a millionaire as like that child. But im not so sad. But he should go back to school too. 
June 25, 2017, 02:28:43 AM
There are many of millionaires, but most of them won't be able to comprove their earnings or just don't want to pay taxes, so we don't know.
June 25, 2017, 02:23:26 AM
The person high school dropout who invested in bitcoins is now a millionaire at 18
he is just because of lucky, he invested in bitcoins without analisys bitcoins,
dropout from high school wish to be millionaire is not good ideas due to
however the education is very important for our life in the future.
It was just indeed pure luck and hes destined to be really a millionaire even hes a drop out hes just lucky enough that he jumped on the boat when bitcoin is just starting and now those sacrifices and assumptions does really pays off later and now hes enjoying the fruit on success on bitcoins. For sure he didnt expect to be millionaire and there are really persons do born lucky.he is just because of lucky, he invested in bitcoins without analisys bitcoins,
dropout from high school wish to be millionaire is not good ideas due to
however the education is very important for our life in the future.
We can't really tell what may happen in future,whether will get successful or not,it just a matter of trying to do things that suits our interest and risking what we have to make ut better. Luckily he is one who made it,thanks to btc.
June 25, 2017, 02:18:30 AM
The person high school dropout who invested in bitcoins is now a millionaire at 18
he is just because of lucky, he invested in bitcoins without analisys bitcoins,
dropout from high school wish to be millionaire is not good ideas due to
however the education is very important for our life in the future.
It was just indeed pure luck and hes destined to be really a millionaire even hes a drop out hes just lucky enough that he jumped on the boat when bitcoin is just starting and now those sacrifices and assumptions does really pays off later and now hes enjoying the fruit on success on bitcoins. For sure he didnt expect to be millionaire and there are really persons do born lucky. he is just because of lucky, he invested in bitcoins without analisys bitcoins,
dropout from high school wish to be millionaire is not good ideas due to
however the education is very important for our life in the future.
June 25, 2017, 02:08:53 AM
The person high school dropout who invested in bitcoins is now a millionaire at 18
he is just because of lucky, he invested in bitcoins without analisys bitcoins,
dropout from high school wish to be millionaire is not good ideas due to
however the education is very important for our life in the future.
he is just because of lucky, he invested in bitcoins without analisys bitcoins,
dropout from high school wish to be millionaire is not good ideas due to
however the education is very important for our life in the future.
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