Topic: My old officemate become millionaire on investing on Bitcoin - page 4. (Read 622 times)
This is awesome and even worked out better for your friend that he forgot about his investment during the first bull run. One of the best pieces of advise you offered was to avoid altcoins/shitcoins.
To be honest, investing in top altcoins in 2016 and early 2017 was very profitable, as many grew immensely over 2017 and till the beginning of 2018. But yeah, Bitcoin was and remains the safest crypto investment because the risk of investing in other coins it higher. I am happy that this person became a millionaire, even in terms of pesos rather than dollars. $20k is still significant money, especially for a developing country. And buying back for long-term hodling is IMO a good idea as well. I hope it all works out for that guy.
Hold is really powerful strategy isn’t it?
Hodling is the best strategy when it comes to Bitcoin.Those who sold earlier could have realized that, you only actually lose when you cut your losses and not when the market goes bad. They probably did not fully understand how Bitcoin works or why it was valuable and would be more valuable in the future.
Many users take repeated market cycles to realize how Bitcoin volatility works, while some are sold in on the technology immediately and create an estimate of how valuable it can be based on its potential and qualities.
Congratulations to your friend, hope he becomes a bitcoin holder again pretty soon and hope he actually keeps up to date with the news around the network to know the most ideal wallet to use and maybe grab a fork or two, who knows.
P.S, did you friend pick up some Bitcoin cash airdrop after the fork?
Actually I was very proud of him not because he follows my advice but by trusting and believing my vision that Bitcoin will that price level even though price is just very from our target. It's like the current price and the hype current price target of 1M USD per Bitcoin back then.
Until now, He still didn't want to venture out on altcoins which is a good thing for him as safe investment. Haha
Until now, He still didn't want to venture out on altcoins which is a good thing for him as safe investment. Haha
That's a nice story to hear. The takeaway for me was that unlike the others he held because he forgot about his investment. The irony being that he could of sold back in 2017 just below $20K and started his business many years ago, but that's beside the point really. The most challenging parts of hodling is not taking profits too early, selling too late, or failing to buy back. Forgetting about the investment certainly helps here!
Glad to hear he became a peso millionaire either way
Glad to hear he became a peso millionaire either way
Your story seems related to that of a user who share similar experience on how he takes advantage of the break period to teach his colleagues, but nevertheless its motivating and through this, we can know better the benefits in holding pays than it could be a risk threat, this is one of the great benefits that long term investors derived from their bitcoin digital asset, what we need to clarify to others especially the beginners is that whenever bitcoin run dip, it's not a time to fear about uncertainties coming up but rather take a good advantage of it to invest, bitcoin is not thesame as altcoins which eventually dies along the way, we invest in bitcoin when its dip to sell off when it's surge high, which is one of the ways volatility works with bitcoin price
To begin with my story, I was a working with this guy to a small company way back 2016 when I just newly discover Bitcoin and cryptocurrency. I was new on crypto trading that time so I usually invest on shit coins and trade on CCEX. One day my supervisor caught me doing trading while office hour but luckily he became interested so I was saved that time. Then our whole team in office become interested on it since my supervisor keeps badgering me about it but I was hesitant at first to introduced Bitcoin to them because I know how risky crypto is due to volatility at that time. The price swing is more terrible back then compared now so I’m concerned with there money in case they will start investing because of me.
After a week of slowly educating them during our break. I told them to just buy Bitcoin and never invest on altcoin. I firmly instructed them to just hold and leave there tokens as is on there Bitcoin wallet until the price reach 1M pesos(20,000$) before they sold because our target that time is to become millionaire even if we are just fooling around. Then we decided to buy 1BTC at the same time and after that they all became addicted on checking the price time by time. Some of them sold early because the price dip a few percentage and they are too scared that they will lose everything until they stop investing in crypto because of volatility.
I thought all them already sold there Bitcoin and loose interest since no one talking about in our office until we start leaving our job 1 by 1 so I don’t have any update anymore about them until yesterday, I received a message on social media from one of my co-worker who luckily didn’t sold his Bitcoin way back then. He follow my advice because he trust me as his senior and he knew that my goal is true, He said that he just forgot about his Bitcoin investment during bull run 2017-2018 and missed the first bull run because he live on his province after we leave our old job and become busy on his job there. He still hold after that and he just remember to check his Bitcoin investment this after 5 years of waiting. BTW his province is still not developed so internet signal is very weak and most people there is very focus on there own job. He was surprised about the growth of his investment. He sold at 20K+ approximately 1M pesos in our currency. I told him that if he only early open his wallet, he can get almost x3 of the current value but he still happy of his investment because it’s already huge in our country and he is only doing a job with minimum wage rate in province. But he said to me that if he always check his wallet, He maybe sold on much lower price and his target on checking it is after 5 years since he miss 2017 bull run. I was very amazed on how dedicated this guy is and even as coworker, He is just very silent and keep listening whenever we have group conversation.
Right now. He is planning to buy back at lower price level and use the half of his earnings to start his new business. He is planning again to have another 5 to 10 years Bitcoin investment after he buy back. I will try to get an update about his business and post it here to inspired other new Bitcoin investor. Hold is really powerful strategy isn’t it?
After a week of slowly educating them during our break. I told them to just buy Bitcoin and never invest on altcoin. I firmly instructed them to just hold and leave there tokens as is on there Bitcoin wallet until the price reach 1M pesos(20,000$) before they sold because our target that time is to become millionaire even if we are just fooling around. Then we decided to buy 1BTC at the same time and after that they all became addicted on checking the price time by time. Some of them sold early because the price dip a few percentage and they are too scared that they will lose everything until they stop investing in crypto because of volatility.
I thought all them already sold there Bitcoin and loose interest since no one talking about in our office until we start leaving our job 1 by 1 so I don’t have any update anymore about them until yesterday, I received a message on social media from one of my co-worker who luckily didn’t sold his Bitcoin way back then. He follow my advice because he trust me as his senior and he knew that my goal is true, He said that he just forgot about his Bitcoin investment during bull run 2017-2018 and missed the first bull run because he live on his province after we leave our old job and become busy on his job there. He still hold after that and he just remember to check his Bitcoin investment this after 5 years of waiting. BTW his province is still not developed so internet signal is very weak and most people there is very focus on there own job. He was surprised about the growth of his investment. He sold at 20K+ approximately 1M pesos in our currency. I told him that if he only early open his wallet, he can get almost x3 of the current value but he still happy of his investment because it’s already huge in our country and he is only doing a job with minimum wage rate in province. But he said to me that if he always check his wallet, He maybe sold on much lower price and his target on checking it is after 5 years since he miss 2017 bull run. I was very amazed on how dedicated this guy is and even as coworker, He is just very silent and keep listening whenever we have group conversation.
Right now. He is planning to buy back at lower price level and use the half of his earnings to start his new business. He is planning again to have another 5 to 10 years Bitcoin investment after he buy back. I will try to get an update about his business and post it here to inspired other new Bitcoin investor. Hold is really powerful strategy isn’t it?
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