Topic: How I made my first Million USD on digital currencies - page 2. (Read 2409 times)

Well congrats to you sir, I am happy for the stories in your life.
You are a good model to us. Honestly, mining bitcoin will make you rich but in my country mining is illegal for now and maybe sooner it will accepted. It doesn't mean that if you mine bitcoin now you will make rich instantly, nope, you need to be patience and perfect timing for it.

Yes both forex and crypto trading is good way to earn on your investment rather than waiting for years to get back your investment from mining.

You are using http://www.metastock.com/ for trading? can you share link to some free trading guides which you have used and learned from?

Congratulations.Now do you mind signing a message from an address to prove that you actually have more than 10 bitcoins ? The story is indeed fascinating.I'm assuming you're a girl from Istanbul ? 

First of all, congratulations.. and yes I can understand the problems miner's faced in the early days and trading became a life now.. a great story to listen, hope to get more from you but about the details in mining.. 

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.

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

Will you post his version of this story here? it's interesting to have a different point of view on things. 500 bitcoin is huge nowdays and i'm interested with your journey with 400 euro starting capital.

You should write a novel about your adventures.

It could be a real life love drama story based on crypto currencies.
Potential great success, it will have many audience target groups

Nice, please continue

    We have chatted on Skype for a few months.I have had some discount coupons.His name was Giray.35 years old man with excellent teeth and charming smile.He was 177 cm and I was 184 cm and with heels 190 cm.He invited me to his city.He insisted on so much that I said why not.The Turkish guy was living in Istanbul.I had never been Istanbul at that time (now I spend at least one third of the year in Istanbul).It was a big city, very crowded.He took me to a big plaza at which he was the bussiness developer of the company.

    He told me the most important sentence I have ever heard during a lunch at a kufta restaurant ' flow like a water, do not try to swim against the stream'.I did not fully understand at that time.

    He took a 15 day pre-planned holiday and we spent all the time together at his flat. We prepared a presentation for his company about BTC mining with asic miners.Something is changing....

    This was the day my chance was turning on.It really did turn on.I was feeling it.I was approaching to my dreams.

    I am now in Istanbul, at his same flat.We are packing our cases since we are flying to Serbia today.I will write more later.He insisted on adding some details however I think it is better to write it from my eyes.He also wants to write it his version

When asic miners appeared I was really happy.It was the more professional way to do mining.At least I have thought it was with the concious I had those days.

I had many Czech friends who were aware of the potential of BTC.They were doing day jobs but sparing nights for BTC related investments.We were consuming lots of beer and pop corn.They were coding and coding....Talking on their projects, discussing to the early lights of day.

I have rented a basement floor.I have tried many things to get rid of excess haet and humidity.It is always easy for a mechanical engineer however when you spend your limited money you think at least twice on every cent you spend.My mining adventure continued till 2015.I have had 30 S4 mines and 5600 USD.

Bitmain's S1,S2,S3,S5,S5+ (S6?), S7,......    All appeared on the scene.

On 2014 I met a Turkish guy at a bar.He was flirting with me.He told me he was really interested in asic miners.I took him to the basement floor that I have rented for my asic miners.He was not affected by it.After the visit we sat down at a cafe and started to the some math on the revenues and costs.

He showed me that the miner manufacturers will always be the winner, well if we are lucky enough we may also have the most efficient models and have some cash, unless we had free electricity.

Was there a free luch?How can electricity be free? I do not want to trouble myself with illegal issues.

Later, when I turned to home, I have opened an excell sheet and wrote down what he did on a paper.I also checked the ROI,Equity IRR, IRR, long term credits...

How can I make some money without going illegal?

I was planning to buy S5 units.S5 units were more efficient but they needed an external PSU.

I believe every story has two sides.

how you can get one million dollar with early youre capital money only 400 dollar
trading, mining, investment in ponzi site, gambling or what
and how long you can get one million dollar

I own a portfolio.BTC, ETH, DOGE and some other altcoins.I am not only long but also short.I hedge myself.The key is risk and reward comparision and discipline.

My story was my trials with cooling sytems, ventilation systems, swithching among pools to increase luck and continues like this.

Well, unfortunately not.I have not kept any BTC from 2010.I have spent and transferred all my earnings to mining equipment manufacturers and resellers .I bought asic miners.

The key was trade.Mining was not the correct way to make money.

Does this mean that you currently hold 800BTC-850BTC ? If yes then you are very lucky and you risked a lot by holding these bitcoins for almost a decade.

I know that making a good profit through mining is not possible nowadays (unless you have a large mining farm) and I think you may gave up mining, if so what are you doing know to earn bitcoins?

Thank you...

I have never gambled.I have never entered ponzi schemes.I have sometimes lost my motivation, even lost hopes but never lost my discipline.

I have made very good investment.I have invested on my self.I have educated myself.My begining capital was 400 Euros.That was all I had.My family was an average family in Montenegro but as I have said before GDP was very low at that time.

I was adding every cent to make new rigs to gain more.Later I have bought new asic miners.New miners appeared I have sold them and bought new one.Then this continued on, new miners, more profitable more efficient, more .... miners .

I gave up my job as an engineer.I do not know coding (still don't), I was not also very smart at cad drawings so I began to work as a dealer.

I got familiar with Metastock, I have bought some books, educated my self.One day I was enlightened.Like Budha, like Newton.Why was I mining?

seems interesting and helpful to others too so what happened next then?

Well, I was trying to write it by one by.I started earning money when I gave aup being a miner.I still mine, but just as a hobby.I own a few rigs.No Bitmain miners.

I did not hold every BTC I mined.I bought new mining equipment and asic miners.That was a big BIG MISTAKE.I realised my mistake on 2015.Many lost years.

can you give us a summary or some kind of TLDR of your journey first and then go in details like you are right now with the "day 1" etc?
for example what else did you do apart from mining?
did you just mine and hold to sell now?
or did you mine, and do some more stuff with those coins and multiplied your stash?

Year is 2009. Angelo was the false angel.He was telling me dreams, I preferred to believe in him; we were going to live in Roma.We will have a very happy and rich...On 2010's christmas his phones were closed, I could not reach him by any means.I have bombarded his phone my messages, later his phone was oppened but still no answer.A girl called me asked me was I. Memories.I was shocked.She introduced herself as his fiance, Angelo's voice was at the back, he was continuously apologizing.

Well, I had a Pentium 4 and a Pentium 3.I was mining about 500 BTC in a week.It was not much but it was something.

Montenegro is a European country, but not prosperous as Benelux countries.Honestly, my country was poor and I was earning small amount of money.