Short term, we don't really know how it goes. We can make guesses, but your guess is as good as mine. I don't believe in signals or day trading this particular asset class, not unless you have some information from the dev team, particularly from altcoins.
Long term, just buy and hold for several years, you'll be in a good position.
Topic: How 18-year old boy became Millionare from Bitcoin (Read 10906 times)
An inspiring story that is worth to read.
This is just a summarized of his journey.
Eric Finman is just a typical 16 year old student who is bright and creative. He has smart two brothers and he is the youngest. He is into latest technologies. When his brother introduced digital currencies (bitcoin) at 2013 who his brother brought 50 bitcoins. He decided to compete his brother by buying hundreds of bitcoin worth $1,000 in which his grandmother's gave.
His brother Ross gave him a book by Ohanian ( a co-founder of Reddit), which indicates the power of internet and which got Eric's attention and interests. He is eager to meet him but there is $8,500 fee which made his parents think it was too much. With his eagerness he founds out and discovered that the bitcoin reached $1,200 and he sold his bitcoin to $100,000.
Finally, he met Ohanian. It amazed him how matured enough Eric when it comes to technology. One time, as a freelancer, he make a Flappy Bird knockoff game and Ohanian is an eye opener for Eric's eagerness to use internet as a source of income.
He produce his own programmers, etc. And made his own company.
I just thought Mark Zuckerberg is the youngest millionare. Now, it is Eric Finman.
Here is my favorite line from my idol,
Quote from: Eric Finman
"I say if you do not become a millionaire in the next 10 years, then it’s your own fault."
He is now 18 years old. Despite of being disppointment in terms of education, he is now a successful and the youngest millionare by bitcoin and by his innovations and by being creative.
Read the full article here.
Many will call it luck, I call it intelligence. Well, they are unique opportunities in life, he saw the opportunity and I do not hesitate to take it. Maybe not everyone has the opportunity to invest in a Bitcoin, but we can think about how to get it. It should Not be said: I can't do it... The right thing is to say: How can I do it? That way your mind will be programmed and start working on it. Excellent motivational story. One more example that nothing is impossible. It's about exploiting our creativity.
If we can just predict the future, his profits isn't just hight as that but could be more than that in fact. Though in those years bitcoin isn't steady yet and unpredictable but still a wise move there which could serve as an inspiration to many others here who are just starting to hodle volumes of bitcoin. I wonder if he still bought bitcoin after that, knowing how much bitcoin today is, would probably give him more money. Though this rich stories will not be productive if he doesn't know how to inspire people to adopt to cryptocurrency.
He knows that technology is evolving, and he knows the potential of it because if he's just an ordinary person just like me who knows nothing at all with the technology when I was in his age, then of course I won't take risk my money unless I have too much money and my friend told my about the potential of it, other than that I won't know as well.
You could buy 1 bitcoin for 100 USD in 2013, that 100 USD is now worth 90 USD due to inflation. There is no getting rich there is only getting sound money. So if we hit again 20,000 USD or even more let's say 100,000 USD. Wouldn't that made so much people millionair? I think No because most people are going to be holding and spending bitcoin the next ten years, some getting out entirely. What if it's 20 years until the next bullrun? A lot of people that want to get rich will be gone, the believers in sound money will see a decent gain on their sound money.
If we can just predict the future, his profits isn't just hight as that but could be more than that in fact. Though in those years bitcoin isn't steady yet and unpredictable but still a wise move there which could serve as an inspiration to many others here who are just starting to hodle volumes of bitcoin. I wonder if he still bought bitcoin after that, knowing how much bitcoin today is, would probably give him more money. Though this rich stories will not be productive if he doesn't know how to inspire people to adopt to cryptocurrency.
He's very inspiring and since he already know the bitcoin last 2013 and bought a lot of bitcoin then obviously he became rich of it. I hope that i already knew bitcoin before and bought a lot too but i think it's part of the timeline of our life to know and enchanced our skills and knowledge.
And this is one of the reason on why we should buy bitcoin and some altcoin that has potential to increase its value in thr future.
And this is one of the reason on why we should buy bitcoin and some altcoin that has potential to increase its value in thr future.
This is very lucky. This story I think is somewhat fortunate among technology enthusiasts. Frankly, in my country when I meet people who are rich thanks to bitcoin, they also say that this is lucky because they don't think it was chosen as an asset to manipulate. In fact, criminals have laundered money here quite a lot and it has also accidentally caused the value of bitcoin to rise. but it must be acknowledged that now there are quite a number of young people who have made it so the achievements are remarkable, congratulations to Eric Finman.
This kid comes from a very wealthy family and he was fortunate to have a very good return on his investment. He was able to take the risk because it was a small amount for his family. But such fairy tales do not happen to ordinary people very often. Anyway, I hope he will remain invested in Bitcoin as his returns in the next few years can grow by a few times. Wish I was an early investor too.
The story is not motivational. There are a lot of things involved. He could have not achieved anything if not because of the $1000 from his grandmother, how many folks that their parent can afford to just give that to a small boy? It doesn't become Millionaire naturally using the internet or brain, it is supported financially. Anyone that invested such amount in Bitcoin in the year 2013 will equally be in the same position even someone that has not attained his age. It is not something that is so special
Quote
He decided to compete his brother by buying hundreds of bitcoin worth $1,000 in which his grandmother's gave.
Yeah right,I wanna become a millionaire too by buying bitcoins with my grandmother's money.
Unfortunately for me my grandmother died and she wasn't rich.
This is kid is just lucky.He's not a genius.
Well both my grand mother's died before I was born lol and at 54 have never inherited anything from anyone and have worked from the age of 16 and still working. I have to give the kid credit though, he was in the right place at the right time and took a chance and made it. Some kids get tons of money from their parents and grandparents and squander it on so much useless stuff, he didn't, he invested it, so kudos to him to be fair, even if he does come from a privileged background. I had a very rich cousin who died from cancer at 56 because he lived a really bad lifestyle and squandered all his parent's wealth and was lazily sitting in the hot sun for months on end, so his skin got exposed and he got melanoma and died, from laziness and stupid living. I feel sad for him but at the same time, he had everything ut never invested it wisely like this kid.
Quote
"I say if you do not become a millionaire in the next 10 years, then it’s your own fault."
It's a big statement! An 18 year old male who grew up in an affluent family, is not a good fit for making such statement! Becoming a millionaire doesn't make you eligible for such statements!
People come from different backgrounds, different financial situations and different family situations! To get a different perspective of life, speak to a slum boy someday!
Cryptocurrency market changed many peoples lifestyle and their value of earning so this will show the real help of cryptocurrency for that person.
We need to know anything is possible in crypto field and investors in this cryptocurrency field can do that.
We need to know anything is possible in crypto field and investors in this cryptocurrency field can do that.
Motivation for all crypto holders,Never down yourself just believe in crypto and upcoming changes in the crypto world.BITCOIN created millionaires and it is proof that there is lot of worth crypt market.
If you are feeling FOMO moment just realx and start today,Still you are in early age f crypto learn about things and set priorities just keep focus on your intentions. Investing and Trading education and trick will give more confident to reach goals in cryptomarket.
If you are feeling FOMO moment just realx and start today,Still you are in early age f crypto learn about things and set priorities just keep focus on your intentions. Investing and Trading education and trick will give more confident to reach goals in cryptomarket.
This kid comes from a very rich family and fortunately for him, his investment gave him very good returns. He could take the risk, because for his family it was a small amount. But such fairy tales don't happen very often to ordinary people. Anyway, I hope that he continues to stay invested in Bitcoin as his returns can grow by manifold in the next few years.
Great history, isn't new at all but i haven't read about this kid before. It looks like he was wise in the right moment to buy tons of coins. For sure right now he is working in his own coin or some big projects like that. I'm not sure if this was about luck, or the kid is really smart.
this can be a combination of luck plus intelligent or being smart because at a young age the boy are already involved on to financial business like investing , in his case he invest on bitcoin . luck because he is lucky about his investment and bitcoin did boom few year later .
this is an old story but it wasnt new and i think this wasnt the first kid to do that but there are also other young kids who are involved on cryptography and blockchain before . still a good read though as it gives an instant motivation for us .
Great history, isn't new at all but i haven't read about this kid before. It looks like he was wise in the right moment to buy tons of coins. For sure right now he is working in his own coin or some big projects like that. I'm not sure if this was about luck, or the kid is really smart.
I've also want to share my experience on how my friend becomes millionaire just because from bitcoins and cryptocurrency. First of all my friend discover bitcoin because of the game called clash of clans in which he discovered bitcoin to be exchange into some diamonds in the game. And after all we discovered this forum and joined to different bounty campaigns and because of this forum we'll been able to collect different tokens and coins due to the payment of the bounty managers to us so because of that we have been able to earn money through the used of bitcoin and when the year 2017 comes we already have so much holdings and the bitcoin becomes rocket to the moon and my friend becomes millionaire. I hope this story will be able to help and inspire many people.
Keep inspiring and tell your friend that he did a great job, and hope that he used the money for the good one, wherein he bought a house and lot or any type of properties. Anyway, I may not be a millionaire compare to other people here in crypto, but I make sure that I have no debt in banks, and I can pay my bills, expenses on time and now beginning to invest in real estates.
I've also want to share my experience on how my friend becomes millionaire just because from bitcoins and cryptocurrency. First of all my friend discover bitcoin because of the game called clash of clans in which he discovered bitcoin to be exchange into some diamonds in the game. And after all we discovered this forum and joined to different bounty campaigns and because of this forum we'll been able to collect different tokens and coins due to the payment of the bounty managers to us so because of that we have been able to earn money through the used of bitcoin and when the year 2017 comes we already have so much holdings and the bitcoin becomes rocket to the moon and my friend becomes millionaire. I hope this story will be able to help and inspire many people.
Quote from: Eric Finman
"I say if you do not become a millionaire in the next 10 years, then it’s your own fault."
A very bold statement for someone who grew their initial capital almost purely on luck. He did not work hard or grind for this million dollars, he simply was curious about an up-and-coming digital currency and bought some with his family's money. I'm not saying that he is spoiled or impulsive in doing so, but to say that he was driven to become a millionaire within 10 years and did so by working hard seems like BS to me....
Yeah it is complete BS, now it sounds like everyone who don't have his luck is to blame, i really do not envy such statement as well because he didn't exactly do anything out of the ordinary, he took a leap of faith and got lucky, this doesn't make him any special, this can happen to anyone irrespective of age, am just a bit off with that sentence
Exactly! We have our own luck in play. And what happened to him is not of his pure hard work but fortunate events that led him to this situation. Not all people can follow that journey even if he bleed blood in working. So later in his life, he will learn that money alone will not give him peace and contentment in life so for those that can't have the same fate as his, don't worry, we are not after to be multi-millionaires just to be happy with our own lives.
Quote from: Eric Finman
"I say if you do not become a millionaire in the next 10 years, then it’s your own fault."
A very bold statement for someone who grew their initial capital almost purely on luck. He did not work hard or grind for this million dollars, he simply was curious about an up-and-coming digital currency and bought some with his family's money. I'm not saying that he is spoiled or impulsive in doing so, but to say that he was driven to become a millionaire within 10 years and did so by working hard seems like BS to me....
Yeah it is complete BS, now it sounds like everyone who don't have his luck is to blame, i really do not envy such statement as well because he didn't exactly do anything out of the ordinary, he took a leap of faith and got lucky, this doesn't make him any special, this can happen to anyone irrespective of age, am just a bit off with that sentence
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