Two brothers who became millionaires with cryptocurrency

just_Alice

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Quote from: jaysabi on May 15, 2021, 11:42:06 PM

Quote from: just_Alice on May 15, 2021, 02:29:22 PM

I'm truly happy for these people, they were brave and weren't greedy, and for that, they got the reward.

I actually view it exactly the opposite. They weren't brave, they were stupid; and they were greedy. That's why you put money on a shit coin worth a fraction of a penny, in hopes of a pump that makes you a ton of money. They were just incredibly lucky it happened. Doesn't make the initial gamble not stupid.

You're right, I only disagree with you on one part. In most cases bravery is stupid, it's the opposite of rationale. Otherwise, you wouldn't need bravery, if everything was clear and promising.
And it's exactly like gambling. In fact, I think this situation is most similar to the game called "Crash", where the rocket rises and, with it, your profit multiplies. But at any time it can crash and you will lose everything. And the bravest (or the most stupid, also?) stay the longest for the biggest profit, though it becomes riskier with every second.
Yes, it might be not the smartest decision, but still, we can't deny the fact that these people didn't succumb to panic or fear and sold low.

Yatsan

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It was a real interesting kind of story on how two brothers become millinaire after taking a chance to invest into Shiba which I have not yet encountered so far and this is really the first time I have heard about it. Well then, lucky for them that they have gone through such making a good outcome making them a millionaire all throughout. They were truly lucky enough to passby a token that seems to be hard pumped but in reality if that does not happen, it might become an unworthy investment. But then again, good for them they have got a chance to get into such token making them a millionaire out of it.

isaac_clarke22

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Quote from: Leviathan.007 on May 15, 2021, 01:33:34 PM

~

Though this is other coins and not BTC, I think I'll have the same story as these dudes if I just didn't let my misinterpretation of Bitcoin back in the days.
Talking about rubbing salt in the wounds of my regrets, lol.
Except I wasn't investing in a shitcoin.

dezoel

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I just like that statement he made about investment in cryptocurrency being like a lotto ticket that never expires. And taking this kind of risk that they have taken is not an easy one, because it's not everyone that can do that, and some people would have sold when it reached $100,000, Because they are trying to cash out immediately and not lose. So, they really took some risk here by believing in themselves that the market will reach that high and make them a million dollars.

I am also investing and hoping for when the market is going to favor me with the coins that I have been investing in, and I hope to be fully rich some days with my investment that I have been making. And I do know that it is not going to be easy to make such an achievement but I am going to work towards that, slow and steady.

inanilujimi

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welcome to crypto, anything can happen even to anyone who wants to try their luck at investing in meme tokens, be it unprofessional ones can experience a similar incident, in this bullish crypto market while you are ready to lose money on investment no problem always try to profit finding hidden gems in every altcoin.

iTradeChips

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Quote from: just_Alice on May 15, 2021, 02:29:22 PM

I've heard about this altcoin a while ago, never thought there'd be something out of it. Kind of feel sorry for not doing enough research about it now Cheesy

Although, who could've known? I don't think anyone could've expected this.

But the most amazing about this story is this:

Quote from: Leviathan.007 on May 15, 2021, 01:33:34 PM

"My mother and sister were skeptical of this market, but each invested another $ 100," Tommy said. "After a few weeks, when their capital increased by about 300%, they invested another $ 100 to continue in this market."
n total, they invested approximately $ 8,000 in the cryptocurrency market.

It's extremely unusual for skeptical people, that are unfamiliar with cryptocurrencies to increase their investments after the increased price. Most people would probably withdraw immediately after the 300% growth in fear of losing money they've already made.
I'm truly happy for these people, they were brave and weren't greedy, and for that, they got the reward. This should be put on notice.
Of course, we could assume it was just a very rich family and a couple of hundreds of dollars mean nothing to them, but judging from the info given these two brothers were having a tough time due to the decreased demand for their services.

To be honest, I think only a handful in our area will be like these brothers. This is like a big gamble for us and we do not want to put our money on it too much. Even my contemporaries in the cryptocurrency groups here in Manila are not into the gambling and risk attitude and they solely trust only the big guns of Crypto - Bitcoin and Ethereum. Who could have thought that a shitcoin like Doge and Shiba will make waves and make some millionaires? Not me and not everybody here.

Strongkored

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They just coincidental to be lucky because they choose coins that got hard pump but the coin itself have no use value at all.
They say they haven't sold all their coins yet, it could be that in one night the value of the coins drops to $100.

LogitechMouse

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tl;dr

I just find which coin did they invested with and I saw that they really became a millionaire overnight with the help of Shiba Inu Cheesy

.
We are saying that getting rich can't be get overnight and we need hard work to do it. These 2 investors might be the ones who will defy that quote as they got rich overnight with the huge gamble that they did.

I know that the shitcoin hype is on-going right now. I've seen coins like Kabosu, Cate, Shiba Inu, Kishu Inu, SafeMars, FEG and others and they really can make an investor overnight if they bought it at the best time possible.

As an advice if you want to invest into this kind of coins, invest only an amount that you can afford to lose as this has only 2 ways. Either you will lose all, or you will be like these 2 investors

. For me, I invested $100 on one shitcoin and I'm ok if I lose it but if I will gain some profits on it then good

.

abel1337

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The scenario of these brothers is possible, There are many shitcoins with no actual use that have been floating around and making many people rich overnight. I know some people who invested in this kind of coin and got rich overnight, They are aware of the risk but it is the risk that made them rich. It's just investing a big amount of money like what the two brothers said is rare, If I am in their seat I would probably use those on buying real altcoin gems on the market rather than spending on this kind of coin.

I don't think that this story is inspiring, It will just motivate people to enter those kinds of degen play tokens but I'm happy with the winnings of both brothers.

three_some

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Who's to say this is even real. The story of the two brothers can easily been made up by a reporter who want to discuss the volatility of cryptocurrencies. I'm gonna help my parents repair their roof, cliche story. The reporter obviously made the scenario up to have something to write about and talk about with his colleges. There are no two anonymous brothers and there never will be.

Embross

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Quote from: Coyster on May 16, 2021, 08:19:26 AM

Quote from: Vishnu.Reang on May 16, 2021, 07:49:33 AM

These guys are only able to sell their shitcoins at this rate, because someone else is purchasing them. And the buyer in all probability is going to end up in bankruptcy.

For the buyers of this sort of cryptocurrency, it's all about "getting rich quick", and the only thing they need to draw their attention is hype and one or two success stories, it's basically almost the same thing as when the DeFi hype was in the crypto network, quite a lot of people invested, only to make "quick profits", but it wasn't to be as they invested in the wrong projects that was either a scam or was hacked; this caused quite a lot of people to lose their funds.

Some investors fancy shit/lottery coins to Bitcoin cause of the possibility of it turning their investments into something big, but that's only during the period of it's pump, the thing is it'll also dump sooner rather than later, thus that's the reason why coins with long term sustainability like Bitcoin is the better option for investors.

This whole crypto currency investment is all 'bout getting rich quickly Grin

There's no other use for 99.99999% of thousands of these coins which all make claims to solve some unique problem yet in practical life there's been no application or mass adaption of them.

sukmo

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This is good news about the story of successful people with cryptocurrency.
There's all the positives.
But for me personally, I prefer to invest long term and prefer to invest in new projects that I believe have a good future.

jaberwock

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After Shiba dropped so much with Vitalik selling his coins and giving it to charity, this looks and sounds like something that was done to show how Shib could make you profit and that's it. Basically it is a high end level shill. It is not bad though, I mean there are so many topics in the crypto world and specially in bitcointalk where you see "hey what is next bitcoin!!" topics and in it they say "I think it is abc wohoo!!" and that's it, that is a very poor shilling and it is incredibly distasteful.

At least there is a story here, there are brothers, there are jobs as wedding photographers, there is other stuff basically it is a marvelous way of "look how amazing this story is, you could live the same thing these guys are living if you just put some money into crypto! That is what I think is the biggest difference between low paid shiller and high paid shiller.

Coyster

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Quote from: Vishnu.Reang on May 16, 2021, 07:49:33 AM

These guys are only able to sell their shitcoins at this rate, because someone else is purchasing them. And the buyer in all probability is going to end up in bankruptcy.

For the buyers of this sort of cryptocurrency, it's all about "getting rich quick", and the only thing they need to draw their attention is hype and one or two success stories, it's basically almost the same thing as when the DeFi hype was in the crypto network, quite a lot of people invested, only to make "quick profits", but it wasn't to be as they invested in the wrong projects that was either a scam or was hacked; this caused quite a lot of people to lose their funds.

Some investors fancy shit/lottery coins to Bitcoin cause of the possibility of it turning their investments into something big, but that's only during the period of it's pump, the thing is it'll also dump sooner rather than later, thus that's the reason why coins with long term sustainability like Bitcoin is the better option for investors.

Vishnu.Reang

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I would have been happier, if the story was about two guys who became millionaires as a result of their investment in any real cryptocurrency. SHIBA INU is an overpriced shitcoin, like thousands out there. And remember that whenever someone is becoming rich as a result of these shitcoins, someone is becoming poorer as well. These guys are only able to sell their shitcoins at this rate, because someone else is purchasing them. And the buyer in all probability is going to end up in bankruptcy.

slapper

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Quote from: The Sceptical Chymist on May 15, 2021, 01:46:21 PM

So this is basically an overblown story about two guys who won the lottery.

Shit like this makes me scared for bitcoin and the rest of the coins that actually have a purpose, because when you can invest a few hundred dollars and see that investment turn into $1 million overnight, you know there's a mania going on--and that feeling of being manic doesn't last forever. It never does, and it'll only take a small thing to send these speculators fleeing from the crypto market and cause bitcoin to crash.

I think people see what happened with doge and now think these ultra low-value, utter shitcoins can do the same thing. They're just gambling on shitcoins the way idiots have done on Yobit for years now, except right now it's newsworthy. Makes me want to slap my head and rip out my hair.

It is even more hilarious that millions of people are into this trend and start to invest in shitcoins. They do not realize that whales, influencers, and ridiculous billionaires control and manipulate the up and down of any shitcoins by easily making a nonsense statement such as: "Tesla decides to accept doge as a payment method"

If being rich is that easy, everyone in the world would be rich by now. In 2017-2018 period, I had a lot of opportunities to change my life and my wallet was as high as $500000 with a $10000 initial capital. Ironically, when bitcoin returned to $6000, my balance also returned to $20000 cause of recklessly entering any coin

Taskford

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Quote from: jaysabi on May 15, 2021, 11:42:06 PM

Quote from: just_Alice on May 15, 2021, 02:29:22 PM

I'm truly happy for these people, they were brave and weren't greedy, and for that, they got the reward.

I actually view it exactly the opposite. They weren't brave, they were stupid; and they were greedy. That's why you put money on a shit coin worth a fraction of a penny, in hopes of a pump that makes you a ton of money. They were just incredibly lucky it happened. Doesn't make the initial gamble not stupid.

They have strong balls and I consider them brave since imagine how big the rise what gotten by Shiba Inu but still they didn't dump that shitcoin at earliest point, For so many rug pull happening on BSC scene they manage to hold that's why they earn what they deserve although it can be consider as a joke by them.

But lets not get inspired unto this there are so many rug scam schemes on BSC now and better do scalp than hold for long term.

electronicash

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this is why vitalik didnt feel bad for the speculators of this coin when he sold the shib sent to his wallet and then donate the money to india to help fight covid.

vitalik selling them meant this coin have no value to him and should have been dumped. exchanges however seem to join the mania.

charlesmichel1

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Another argument proving that investing in altcoins is a lottery.

o48o

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Quote from: just_Alice on May 15, 2021, 02:29:22 PM

I've heard about this altcoin a while ago, never thought there'd be something out of it. Kind of feel sorry for not doing enough research about it now Cheesy

Although, who could've known? I don't think anyone could've expected this.

-cut-

Your research would have only told you that it was garbage not worth investing. It still is though. Pump obviously happened because there were guys in it that had enough contacts to make it viral. These influencers have zero interest to reveal themselves or their strategy to strangers when it's time to invest because it's a zero sum game and they want their friends in first.

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