Pages:
Author

Topic: How I made my first Million USD on digital currencies (Read 2468 times)

hero member
Activity: 756
Merit: 500

    Well, I made my first and only million usd last week.Many friends asked me how I succeeded it.I will try to tell about how I did it.I must accept one thing I was lucky.Not only luck but also had many other charachteristics such as patience, timing and also being decicive and being deciplined.I want to write many things when I have time.I will also try to answer any questions if somebody has.

    I am not interested in financially helping others, by and large do not ask for donations.
 
    Here we go.I was a miner.Mining was introduced to be by my ex boyfrind.Well, he was working for an italian banker, we met in Montenegro.I was working for a German Renewable Energy Company.He was always busy with his cell phone, so I was really pissed off.I thought he was cheating on me (later discovered he was engaged Smiley ).He told me he was busy to check his investment and he could prove it.I thought he was going to show me some stock market or derivatives.No he was mining with CPUs and GPUs.

    What was he doing?A hacker?He was mining BTC.

    I was very much interested in.I had my old ruined desktops.I tried to mine.He helped me a lot to make the first configuration.It was the beginning.
Day 1.

Wow is very interesting. But does it still work for this year friends.?? for now, this level of difficulty is very high so that mining in it is not possible to be able to get a lot of bitcoin only by relying on the CPU and GPU PC that is old. If indeed it work for you, it might just be producing little bitcoin. Now to be able to get a lot of bitcoin in mining, you need to use additional tools specific to mining.
hero member
Activity: 1148
Merit: 504
Nice story OP, from mining to trading. So even then, when the reward was still high, it is still not feasible to mine bitcoin and have profit? Atleast if you want to keep up with the best miners, you have to reinvest what you earn and also finance your mining expenses. Do you think even now that the price is really high, trading is still better than mining?
sr. member
Activity: 331
Merit: 250
    The darkest time of the day is the dawn.It is an old saying at my hometown, Budva.If your assumptions for the cash flow fail down at the very first step you are really depressed.We were also pissed off not only to our hardware manufacturer but to ourselves.

    We could not  just go and buy external PSUs, they were very expensive.Berrin, an experienced mechanical engineer and office mate of Giray joined us at an saturday afternoon.She was a good listener.She listened and listened.Time passed very fast, the bottles were emptied and renewed.She was not talking at all, sometimes we looked into her eyes for asking an approval.
hero member
Activity: 1022
Merit: 500
Congratulations, but I expected some trading movements and it turns out you are just one of those lucky early days miners. Mining in 2009 was most likely luck. The people that really understood the importance of bitcoin 2009 were a tiny minority. I wish I could reach 1 million USD... im soo far from that Sad

Dear cellard, I am one of the early miners, but we did not make a million by holding we have mined so far.Nobody could foresee the BTC' rally those days.

As a matter of fact we are traders.We did not make money by mining and keeping.If we did like that we would have 5000 BTCs each.However a miner can not do that.He has to finance new miners.

I am at the airport, I can not write in details but we have tried many things to have automatic buy-sell systems, autobots, derivatives,etc...At least we found a way.



You had a lot of experiences before you gained for what you have right now. All I can see you never give up in spite of problems you faced it, Now you are earning to your hardship that you do before. I think you are that can be one of the inspiration to this industry. Congratulations again.
hero member
Activity: 2926
Merit: 533
Leading Crypto Sports Betting & Casino Platform
There are many indicators and trading strategies based on these indicators.Some of them are perforning well in bull market, some of them in bear and some of them in fox market.

There is a program which works under Windows and also online aplication services.We preferred it, Metastock.However you do not need to register or purchase premium services in the beginning.

When we began trading we made %20 in the first week.There was a magical wand.Our belief in ourselves were giving over confidence.We lost the profit and plus %30 of our initial capital in next two weeks.We were shocked, depressed.We discussed our faults.We did not even left the screen.He was awake when I was sleeping and vice versa.No sex, no entertainment,12 hours of work on 7 days of the week and the result.Was the first week only luck?Shoıld we inject more, or stop losing money and run away froo this market?

You should stop loss and take a good break.
There's something wrong on that.

Stop do trading first. After somedays then discuss.

Any premium service i not trusted at all.

Dont inject more if u afraid.


We are still actively trading, but not making %20 every week.There is no guaranteed profit.

Technical Analysis is not only related to open,close and volume prices.They include news,thoughts,fears,happiness, etc.Everything is written there but you must know how to read.So the initial step is to learn the alphabet.
Is it your real story? I'm interested in it, it seems like you're having a lot of the experience with bitcoin in the past time. The profit from trading is random. depend on the market movement in my opinion.
hero member
Activity: 588
Merit: 500
This is a good story, and ups and down of an early adopter.  She did not get rich because of being an early adopter but rather applying her skills in trading and studying the market.  The story simply show us the characteristics we need in order to succeed in this kind of environment Smiley  I would be following this story for sure since there are lots to be learned here.


yes it is difficult to make money from any business in beginning, you must spend some time for generating income from any kind of business, therefore in very beginning you must be very patient and after that you will be able to start making money from your business.
legendary
Activity: 918
Merit: 1000
 reserved
hero member
Activity: 1414
Merit: 505
Backed.Finance
Most of us here really agree, a very inspiring story indeed.With your ups and downs,failures and frustrations, here you are now telling your success story how you got your millions.Success indeed is not easy, you have to sacrifice and inject so much effort for it. Thank you for sharing your lessons and experiences,it can help on us to avoid some pitfalls along the way. It is really worthy to back read and eager to hear more. Smiley
legendary
Activity: 3080
Merit: 1353
This is truly an inspiring story on your road to the first Million USD on bitcoin.
Image you started with just $400 and in the following years made in to 1 million.
You overcome losing your ex-boyfriend and put all your energy and time in investing
and with few bumps here and there you were able to turn it to a positive outcome.
I hope you still continue to share your stories here and will follow this thread if
I have doubts and fear to venture out of my comfort zone.
hero member
Activity: 3080
Merit: 603
To be honest, I just read the first and second post in the first the page. And I really liked your story with your journey with your first million USD. But I feel sad with your relationship to the guy that introduced you with bitcoin. But that's a blessing in disguise if he didn't introduce you with btc, you aren't you right now and you are not on the higher place right now. Surely those early adopters got the advantage if they stick up to now. Anyway, I'm inspired with your story hoping that I'll reach my first million USD for the next year or two.
legendary
Activity: 2954
Merit: 1153
This is a good story, and ups and down of an early adopter.  She did not get rich because of being an early adopter but rather applying her skills in trading and studying the market.  The story simply show us the characteristics we need in order to succeed in this kind of environment Smiley  I would be following this story for sure since there are lots to be learned here.

legendary
Activity: 1386
Merit: 1020
DGbet.fun - Crypto Sportsbook
As i have backread i could say this is really an inspiring and amazing story on which theres an early adopter of bitcoin which stating his experience on those earlier years of bitcoin which is really good to hear at and knowing about reaching out first million usd on crypto is already consider as a record and somehow a self fulfillment on your dreams since from the start.Say thank you to your ex boyfriend because if he wasnt there you might not know bitcoin from the start.
sr. member
Activity: 331
Merit: 250
There are many indicators and trading strategies based on these indicators.Some of them are perforning well in bull market, some of them in bear and some of them in fox market.

There is a program which works under Windows and also online aplication services.We preferred it, Metastock.However you do not need to register or purchase premium services in the beginning.

When we began trading we made %20 in the first week.There was a magical wand.Our belief in ourselves were giving over confidence.We lost the profit and plus %30 of our initial capital in next two weeks.We were shocked, depressed.We discussed our faults.We did not even left the screen.He was awake when I was sleeping and vice versa.No sex, no entertainment,12 hours of work on 7 days of the week and the result.Was the first week only luck?Shoıld we inject more, or stop losing money and run away froo this market?

You should stop loss and take a good break.
There's something wrong on that.

Stop do trading first. After somedays then discuss.

Any premium service i not trusted at all.

Dont inject more if u afraid.


We are still actively trading, but not making %20 every week.There is no guaranteed profit.

Technical Analysis is not only related to open,close and volume prices.They include news,thoughts,fears,happiness, etc.Everything is written there but you must know how to read.So the initial step is to learn the alphabet.
sr. member
Activity: 331
Merit: 250
There are many indicators and trading strategies based on these indicators.Some of them are perforning well in bull market, some of them in bear and some of them in fox market.

There is a program which works under Windows and also online aplication services.We preferred it, Metastock.However you do not need to register or purchase premium services in the beginning.

When we began trading we made %20 in the first week.There was a magical wand.Our belief in ourselves were giving over confidence.We lost the profit and plus %30 of our initial capital in next two weeks.We were shocked, depressed.We discussed our faults.We did not even left the screen.He was awake when I was sleeping and vice versa.No sex, no entertainment,12 hours of work on 7 days of the week and the result.Was the first week only luck?Shoıld we inject more, or stop losing money and run away froo this market?

You should stop loss and take a good break.
There's something wrong on that.

Stop do trading first. After somedays then discuss.

Any premium service i not trusted at all.

Dont inject more if u afraid.





We are talking about the vey first weeks of our trade history at 2015 Smiley. However you are right, we learned to  decide stop loss values and execute them.We always defined stop loss valus but execution was a problem.
sr. member
Activity: 331
Merit: 250
  This is the story of me beginning with 400 USD and reaching 1 M USD. We did make many mistakes, we lost lots of time.Me and my partners now have experience and people around us ask us how did you succeed. Well, first of all in the beginning we gained profit and lost.We do not earn %20-30 every week.I do not know if it is possible.

   The word 'sustainability' is our motto.I do not write here for any purpose.Even now, we are not magicians.Yes we did succeed,I am glad for it but we could have done it better.I am here to share my experiences, tell you about dangers and what to avoid.

   Even you follow my way, success is not guaranteed.We are still actively trading.
full member
Activity: 362
Merit: 100
Newbie in online currency , love learning
There are many indicators and trading strategies based on these indicators.Some of them are perforning well in bull market, some of them in bear and some of them in fox market.

There is a program which works under Windows and also online aplication services.We preferred it, Metastock.However you do not need to register or purchase premium services in the beginning.

When we began trading we made %20 in the first week.There was a magical wand.Our belief in ourselves were giving over confidence.We lost the profit and plus %30 of our initial capital in next two weeks.We were shocked, depressed.We discussed our faults.We did not even left the screen.He was awake when I was sleeping and vice versa.No sex, no entertainment,12 hours of work on 7 days of the week and the result.Was the first week only luck?Shoıld we inject more, or stop losing money and run away froo this market?

You should stop loss and take a good break.
There's something wrong on that.

Stop do trading first. After somedays then discuss.

Any premium service i not trusted at all.

Dont inject more if u afraid.
hero member
Activity: 966
Merit: 552
There are many indicators and trading strategies based on these indicators.Some of them are perforning well in bull market, some of them in bear and some of them in fox market.

There is a program which works under Windows and also online aplication services.We preferred it, Metastock.However you do not need to register or purchase premium services in the beginning.

When we began trading we made %20 in the first week.There was a magical wand.Our belief in ourselves were giving over confidence.We lost the profit and plus %30 of our initial capital in next two weeks.We were shocked, depressed.We discussed our faults.We did not even left the screen.He was awake when I was sleeping and vice versa.No sex, no entertainment,12 hours of work on 7 days of the week and the result.Was the first week only luck?Shoıld we inject more, or stop losing money and run away froo this market?
I am glad heard you getting profit from trading %20 %30 on every weeks and I am glad read the title this thread How I made my first Million USD on digital currencies and you use analysis technical for making big profit weekly, unfortunately you don't gives us weakness of analysis technical, I will make it complete the weakness of analysis technical is it just used past data for calculating so basiccally no has power for prediction what will happen in the future so becareful with your analysis technical and i hope you can get constant profit.  Wink
sr. member
Activity: 331
Merit: 250
There are many indicators and trading strategies based on these indicators.Some of them are perforning well in bull market, some of them in bear and some of them in fox market.

There is a program which works under Windows and also online aplication services.We preferred it, Metastock.However you do not need to register or purchase premium services in the beginning.

When we began trading we made %20 in the first week.There was a magical wand.Our belief in ourselves were giving over confidence.We lost the profit and plus %30 of our initial capital in next two weeks.We were shocked, depressed.We discussed our faults.We did not even left the screen.He was awake when I was sleeping and vice versa.No sex, no entertainment,12 hours of work on 7 days of the week and the result.Was the first week only luck?Shoıld we inject more, or stop losing money and run away from this market?
sr. member
Activity: 331
Merit: 250
  The credit's first payment was due to 30 days time, plus we needed to buy PSUs as soon as possible.Unless we buy the PSUs we will not have the enough cash.

  We acted like a reseller, we sold some of the miners.We bought the server PSUs and found a Turkish man familiar to miners and highly skilled at electronics.I have never met him.He lived in a industralized city, Prusa.My partner had talked face to face with him.We bought what he had at stock.

  One night we were chatting about future and we discussed whether we should do margin trading or not.According to my experiences all the short term traders loose.This is a destiny.

  I have observed many traders, some of them which gains at first and loose at the end, some of them loses and try to compensate losses and lose more.Margin trading and market was like a pit, cemetary to many.
sr. member
Activity: 331
Merit: 250

We have made our presentation.Our performance was good, we have receieved many questions most of related to blockchain and BTC.No instant agreement or order signed.We were very hopefull and decided to invest by ourselves and be the demonstration example.We applied for credit to a local bank which my boyfriend had been working more than a decade.

We made a feasibility.The cash flow was changing with the expected difficulty, ofcourse we also made a courageous prediction for BTC.The feasibility was formed of linked excell sheets.It was not very hard for us since we were used to make feasibilities for renewable projects and we already had a layout.

We ordered and waited.We did have a 'B' plan for cash out and also an emergency factor.

When S4 by Bitmain appeared they looked solid however the first batches were armed with weak and cheap PSUs.

The almos %20 percent of the new miners were burn down in a day, another 5 percent was burnt within a week.We have lost quarter of our hash power but our first credit payment was approaching.

We were desperate.We have contacted with a girl at Bitmain.Bitmain was a small company and were trying to be customer friendly.We were considered to be a good customer at that time.We uploaded photos, videos, lots of emails....They wanted us to send the burnt PSUs.We did.They informed us they will either repair or replace.But what we were going to do?

Pages:
Jump to: