We have all seen those Rags to Riches stories where a guy or girl invested X amount when the price was low and then Bitcoin went up with 1800% and he or she became a Millionaire. Erik Finman was gifted $1000 and he invested that into Crypto currencies and quickly turned that into $100 000. It did not stop there, he went on to become a Millionaire!
How many other Erik Finman investors are out there now? The person who recognised this opportunity to buy low and who will turn that $1000 investment into a $1 000 000 investment?
You achieve success in life, when you push the boundaries and when you take the risks. The armchair investor will find excuses not to invest, but the risk taker will grab the opportunity. Some of the most successful people out there will tell you that they took a risk, when other people ran away.
I personally know someone who opened a restaurant in a time when there were lots of political uncertainty in my country. All the other people said he was crazy, and some even closed their restaurants. Today this guy has a chain of restaurants and he is a multi-millionaire.
I am not saying all risk lead to success, but taking calculated risks, might just give you the edge over other people. I hope we will see a lot more success stories in the near future, but for that to happen, people like Erik Finman must take that first step into the unknown.
*Please be responsible, do not take risk with debt. Let's make Millionaires with out heads and not our Hearts!
Happy Valentine's Day!
It'll be hard to see bitcoin realizing that sort of gains once again.
But again, who expected 2017's pump to happen? From $1k to $20k, that is not too shabby at all. You could have invested just 50k to become a millionaire a year ago, and that was a great opportunity for sure.
I see bitcoin as more of a way to retain your wealth vs. time, instead of a get rich quick sort of thing.
But cryptos is going to be huge in the future, when it'll really take off we don't know. All I know is that until it's accepted in every restaurant and every shop, there is still potential for betterment.
The bolded part is extremely important. Never invest with the money that's not yours. I've seen way too many people lose their life savings and then start blaming BTC because they took a loan to invest in BTC.