Topic: Some people I can use as a reference to add enthusiasm to being in bitcoin. (Read 295 times)

Bitcoin has indeed proven successful in making many new rich people, who are still young, so it is natural that the popularity of Bitcoin has
increased drastically every year. Especially now that there are many choices to make money in the crypto world, starting with just investing
in Bitcoin and altcoins. Then there are those who do mining, staking and trading to make money. There are also those who focus on playing
NFT games, it can also make a lot of money. So if anyone is leaving crypto just because the market is down now, that's a very stupid act.
Because if we study the crypto world properly, there should be no doubt about the future of cryptocurrencies.

I never knew what the sentiment on the Winklevoss twins was, but I always liked their enthusiasm towards crypto and it seems they are genuine in their love for it. They kinda represent the other side of the crypto influencer coin, the outspoken rich young investors that take this really seriously. I mean, I'd rather them represent this movement than the numerous copy-paste influencers with lazer eyes on twitter. Maybe it's just me, but I like having Buterin on one side and the Twins on the other both working towards a better future for the movement.

You should also add the known CEO of Binance, Changpeng Zhao.

He's now a millionaire but it's no magic on him. He worked hard for it and the fortune that he's been right now is totally massive.

--> https://www.bloomberg.com/news/features/2022-01-09/binance-ceo-cz-s-net-worth-billionaire-holds-world-s-biggest-crypto-fortune

These people are really an inspiration and for sure everyone who sees it are going to love what they've started.

As for Erik Finmann, AFAIK, he has endorsed Metal and with that advertisement article I've read, he admitted there that he sold his bitcoin holdings for Metal. I don't know if that's for real or just really an actual PR.

We are looking for fast results, and when we see that we’re not going to get what we need immediately, we leave it and jump onto the next thing. But, most of us are forgetting that most things that you are going to do, that none of them would really get you huge money immediately, everything you do requires patience.

The time you will take jumping from one place to another just because you are looking for where to get fast money, you would have used that time to focus on just one thing and quietly build your income to the level that you would want it. If most people can learn to have patience and just focus on one thing and build it, then their life will change for the better.

The problem is also that usually the poor are also less educated and can fall easier for scams, from ICO & stuff to doublers. It's them who will try to make earning from gambling and so on.
The saying "the first million is the most difficult one" is extremely correct, no matter if we talk about one million, or 100k, or 1 BTC (or even 0.1 BTC for some!)

For many of us it's easy: we may have the luxury to HODL some (or all!) of the coins we achieve from signature campaigns. It can be seen almost as a risk-free DCA. But others are inexperienced and are willing to try everything for a better life, missing the point that crypto was not created for them to become rich overnight (no matter what certain scammy ads tell). And the lack of patience is a plague of the newer generations.

Also they don't understand that the older users of this forum are not rich. Who would sit and post on the daily basis if he could spend that time on a beach or boat drinking margaritas or just fishing? We just reached the point we can wait patiently for the price (take its time and) rise. But all this means knowledge, patience and an income that allows one afford to wait. Unfortunately way too many don't have that. They have only hopes. Sometimes too unrealistic ones.

Investing from a point of view of poor people is very different from investing as a middle class person who can afford to buy dips and HODL no matter what, and not getting their lives ruined in the very unlikely case of Bitcoin going to zero. And unfortunately poor people want to see quick and big returns the most, so they are being preyed upon by various scammers who make stuff like NFT, ICO, shitcoins, trading signals, etc.

You know the reason is because we are always seeing stories of those that became millionaires through their investment, but more people are forgetting that this is not easy. There are many people who are giving up every day, either because they have seen that they won’t be able to do it, or they have lost their money by investing in Bitcoin, and then they decide that they are going to give up, we never get to hear their own stories.

I see a few people that post on this forum that they are already fed up of investing or trading, but stories like that never trends, the only story that you will see trending are the stories of those that became millionaires. And then you would see other people who would also want to become millionaires within a few days or months. It just doesn’t work like that, you just have to try as much as possible, and not just put all your hope in Bitcoin, but try other ways as well.

That is such a great inspirations for us to learn how people at that time does not think much about bitcoin.
But now, they see that bitcoin growing so high and it is not easy to buy just 1BTC.
Luckily, we have altcoin and tokens which can give us a chance to accumulate bitcoin using trading and bitcoin pair stable coin itself to help us to gain the profit.
If you just read the inspirations and dream that you are the next billionaire, you should work hard and never give up because that will be a big achievement for your life if you can go to that top places.

It’s not bad to get inspiration from these individuals but you shouldn’t forget the fact that we are in different circumstances now. During those years when these people made investments in Bitcoin, the price was very cheap. Not only could they buy many Bitcoin with a relatively smaller amount, the price of Bitcoin could also easily multiply even a thousand fold. X1,000 is easy to achieve way back then. Today, your Bitcoin investment could not even double.

So let us be careful to get investment inspiration from those billionaires who got into Bitcoin when the price was still in cents. Your $10 could already buy you more than 10BTC in the old days. Now, your $40,000 cannot even give you 1BTC. Your $100 invested in Bitcoin back in those years could make you a millionaire today. Now, even your $100,000 might not make you one even in a decade.

There are still so many other people who has contributed to the cryptocurrency community, and also are like icons that you can look up to. So, many people has been able to achieve a lot and turn their life around through the investment that they have made in cryptocurrency or by being part of the founders of a particular project. 

The opportunities that you are going to get in the cryptocurrency market are too many, it’s then left for you to utilize the opportunity you have at hand. And you being someone that got to know about cryptocurrency in 2020 doesn’t take that opportunity away from you, you still have that chance to succeed as much as those that has been around for a long time. just lay down your plans and follow the plan for as long as you can, and try to have patience.

Well, the reality is that all the examples that you have pointed out except 2 or 3 in specific are very simple patterns, in fact in some only opportunism, but it is well they did the right thing and it worked. The point is that if you see a guy run 42km and that excites you, or to know that running is good, it in the reality of life is useless, you have to execute.

I think there is a reality to the goals, work, invest, get income alternatives, etc. I think that investing in bitcoin is not something that has to be until death, if you feel that you have to leave, move away or sell your bitcoin, just do it, It is your decision, everything else that exists is only for reference.

And to finish the moral, you can get up every morning to run, but that does not indicate that you can run a marathon, that is, one can get enthusiasm with many stories, but that does not mean that they are for you or you have the same experience at the end of the way.

actually for me it's just a rough idea and proof of their success in bitcoin is true but don't be too idly by it because indeed it can't be used as a reference because there will never be a guarantee that we are in bitcoin will be successful but when we believe with bitcoin and want to wait a long time in investing then indeed an increase will occur there.
they became a billionaire was not without effort, they took a relatively long time for that especially when reading the source of the thread you created.

believe in bitcoin I think it would be good to add to our belief that this is a pretty good investment but don't look too high and hope like the billionaires you listed there

I don't see any logic in someone being enthusiastic when they read that some people have gotten rich in the past because they bought/invented some altcoins, and that should probably suggest that some shitcoins can pay off if you're lucky in life.

Many want to copy the success of people like this, but the fact is that 99.99% never manage to do something like that. People need to be told that these are not the rules by which one becomes a billionaire, but only rare exceptions.  I hope that all 12-year-olds will not get the idea now to give up school and, with the help of their grandmothers, start a business with cryptocurrencies...

In addition, no one who openly supported the biggest attack on Bitcoin (2017 fork) can be any positive reference when it comes to Bitcoin.

Indeed, also don't invest money you may already need "tomorrow", else you'll get into panic whenever the price falls under a certain threshold and will be tempted to sell at a loss.
Or, generically said "don't invest money you don't afford to lose".



Interesting list, but, as said, it can be misleading.

I use to go to WO as a good place to check and "recharge" (i.e. spend more time there than the usual) when somewhat in doubt, but that's not for everybody. However, imho it worth mentioning.

Some people can make a wrong impression that you can invest a few thousand dollars into BTC, wait a few years and become a millionaire while doing nothing. Bitcoin is not guaranteed to repeat its past performance, in fact it's very likely that its growth rate will only be slowing down, as Bitcoin is losing its novelty factor. Bitcoin is not a guaranteed profit-generating machine, it's just a "very good chance of getting profit".

So, invest in Bitcoin, but also think about other ways of getting income, especially stable and long-term.

the thing i find funny about this list is that numbers 1&3 history revolve around ethereum

going by what the topic title is saying i would have thought people like
elon musk (although he is both btc and doge) as he is a billionaire with thousands of btc
jack dorsey(bock inc, square, twitter) as he is a billionaire

and then a few of these names
https://businesscloud.co.uk/news/the-crypto-rich-list-who-are-the-worlds-richest-people-in-cryptocurrency/

We likely are still early and looking up to crypto-billionaires is not what we have to do.  Think smart, find what has potential from now on and not what already made billionaires.

To me, it is still Bitcoin even today.  Yet, I will continue to suggest looking for what the humanity needs in the future and not what already made others rich and had success.  We may or may not turn ourselves into milli/billionaires from Bitcoin as well but what matters is, it still has an immense potential many have yet to discover.  The way Bitcoin functions is the perfect proof we have for its potential longevity.  It has the ability to stay alive for longer than we imagine.  It already blew so many minds and it will continue to do so.

The more you read about it, the more you believe in it.  The ones I knew who did not trust Bitcoin after studying it were either bank workers, trolls or part of the government.  It seems to me like its only enemies are those who feel like their evil plans are put under danger by it.  Bitcoin rocks, and Bitcoin will thrive.  The existence of these billionaires are a great proof that you should work smart and start studying cryptocurrencies profoundly rather than look up to a successful person.

Of course, any critics for my message are more than welcome.

-
Regards,
PrivacyG

I would like to add a person to the list. He can't be compared with those on the top list, however his belief is something big in my view. For that reason I've mentioned his name and the source from which I've got the information. If this is a wrong information, I'm sorry.

Name : John Ratcliff
Source : Bitcoin Investors

He received his first bitcoin as a gift from his friend in 2012. He left it and saw it grow good by 2013, and believing in it he has invested $15000 buying bitcoin at the price of $100/BTC. He's a video game developer, which is much associated to technology. However believing and investing such a big amount back in 2013 is really a big thing in my view.

thank you for providing and doing more detailed research, I will try to find more information about Eddy Zillan.
it's my fault not seeing more news and sources and i'll edit my thread
thank you for providing a detailed explanation

i just heard this name and i was just looking for this guy on youtube and like you said it looks like he now has a new hobby by discussing meme coins and some sh*tcoins that i didn't even know about before

i was at first read of this topic looking at eddy zillans story as one similar to my own. the summary suggests, he hoarded more then X coin from X date which are now worth $500k.
but running the math of the story as presented in this topic. and doing a bit of research. .. it does not add up as a similar story to other 'early adopters' that just hoard old coin, bought cheap.

i thought that if he had $500k now. and only had $100 in the beginning
then thats $500k=12.5btc. which if in early days was $100 for 12.5btc =$8 a coin..
trouble is he did not invest until he was 15, which means he didnt invest until 2014-5.. where the prices then were over $100 per bitcoin..
meaning he didnt buy 12.5 coin for $100, instead he bought 0.x coin for $100
..
so im guessing he didnt become a $500k'er or millionaire or billionaire from his 2014-5 hoard of 0.x bitcoin. but instead bought more and traded and kept accumulating coin.
..
..
then after a little more google search i find this

so now doing the math again.
buying 1000eth at $1.20 in 2015, ($12k savings, not $100) may now be worth multiple millions if hoarded.

i suggest editing the summary to say invested $12k in ethereum. rather than the vague story that leaves people to believe he got rich from only $100 life saving on bitcoin.

i wont go through the other discrepancies