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Are there people who are now millionaires from investing in bitcoin in 2009
Just crunching some number out of curiosity I found that when bitcoin started a single bitcoins value was ~$0.00076 USD and today its sitting around $450. This means if you bought $1 worth of bitcoin (1,300BTC) in 09 it would be worth around 600k USD. My question is when Bitcoin started it seemed early transacitons were for around 10,000 BTC or more so are there people who have become millionaires from bitcoin because 10,000 BTC today is worth $4.5 million. source used: https://en.bitcoin.it/wiki/History
I came to a realization today. All the stories we hear about people becoming millionaires from Bitcoin, are people who used their spare money to buy some coins years ago and forgot about it. They didn't invest their life savings in the coin and day trade. They didn't take out a line of credit. They didn't remortgage their house. The state of crypto right now seems scary. Everyone is looking to become a millionaire overnight. People are investing more than they should be, which in return causes massive FUD drops. I admit, I'm a noob in the crypto game and I've only been here a few months. The one tip I followed was: "don't invest more than you're willing to lose", and that is what I did. My plan is to stop checking prices on a daily basis and just let the market do it's thing. I'm going to focus on my career and keep making my money how I have been before crypto. Just wanted to share my thoughts. Good luck all!
So I get a message at 5am from a newly created profile in my city, no references and no friends. The message was short... "hello". The man had filled out his profile, indiciated that he was interested in bitcoin mining, contempary christian music and the movie "Hitch" starring the former Fresh-Prince himself Will Smith. One time he travelled to 4 different states with only $9 in his pocket. It wasn't until I got to his photos section did I start to really wonder who this man was and what this was all about. There are a few selfies which I will not include to keep his privacy, but I will include some more photos he attached as his "couch photos". Exhibit AExhibit BExhibit CExhibit D I wonder why he would include these photos? Maybe to pickup women? He is 47 years old and going gray haired but there's one thing all women love is money. But then why would he be messaging me? A 20 something year old man? I knew I had to reply, I have included our conversation as follows. Man with stacks of cash and an excited woman Hello Me Hello Man with stacks of cash and an excited woman Hi Man with stacks of cash and an excited woman How are you doing over there Me Very good Man with stacks of cash and an excited woman Okay Man with stacks of cash and an excited woman So where are you from Me[REMOVED] but originally from Antarctica Man with stacks of cash and an excited woman Okay Man with stacks of cash and an excited woman Have you heard about Bitcoin mining before Me Why do you ask Man with stacks of cash and an excited woman Because people invest in Bitcoin mining and make a profit Me Ok. Why do you message me about this? Man with stacks of cash and an excited woman Are just really what to know if you are interested on it? Me Why do you ask that? What is your interest if I am interested in it? I am interested to see what he says next. Is this a scam? Is he going to try asking me for money to help him mine the bitcoins? I think the much more likely situation is that this is a poor person who is "LARP"ing and this is his fantasy that he is a rich millionaire from bitcoin, driving a Maserati and wearing yacht-master watches. By engaging in fake internet conversations he is doing the same as those role-playing sexual situations in chatrooms and forums. One of the big reasons I think this is because when I ask him why he messaged me about it he says that it is something that is possible. "Because people invest in Bitcoin mining and make a profit" but not necessarily him. He wants me to get excited back in my messages to validate his world he has created on the internet. This isn't something to laugh at but most likely something sad, a man down on his luck caught in a deep delusion to comfort himself. Also, people who are rich don't need to flaunt it... they know they are rich, no need to message people on the internet to buy into their lie. What do you think?
The Bitcoin Family: Still on the Road—After Three Years! In 2017, Didi Taihuttu sold everything for Bitcoin, convinced he’d be a multi-millionaire by 2020. How’s that working out for him and his family? (x-post from /r/Bitcoin)
Hey everyone. I’ve never posted here before and I don’t really post often anyways, but I need some advice. If this isn’t the right place for this kind of post I apologize in advance, but I don’t know what else to do. I don’t suffer from BPD personally, but I am 99% sure one of my best friends from childhood does. He was always an outcast when we were younger, kind of a strange kid and usually rubbed people the wrong way with his humor (he didn’t have boundaries). I could tell he didn’t mean to come off that way and we became friends in middle school, but most people disliked him. Because of that, people made fun of him, his appearance mostly (a chubby kid with red hair). We stayed friends throughout high school where he began to play sports and became more like everyone else, he seemed like just a normal kid. He still had an immature sense of humor, but he was definitely better than before. But soon I started to notice something that wasn’t quite right. He started telling these stories about certain things he did, but they became literally unbelievable. I know people exaggerate sometimes, so some of the details that seemed too crazy I just brushed off. It’s not like I hadn’t embellished some of my stories in the past. The thing was, he would swear they were true and wouldn’t back down from them. This got worse and worse until he told me he could “hack” into the grade book and change our grades. He was very convincing, but in the end it turned out to be a lie, as a lot of things with him turned out to be. I figured he would grow up and change as he got older, but I was dead wrong. In college we stayed in touch, but not too much. He came to visit a few times and nothing ever got too unbelievable until I came back home after my sophomore year. He had now told me he was an overnight millionaire from bitcoin he had found on an old hard drive he happened to dig up (it took two years for him to confirm to me this was a lie). I couldn’t believe it, but I tried to because he was my friend. That lie changed his whole life in the worst way possible. He was a fraud, a fake, and he kept up the facade even to this day. He dropped out of school, started experimenting with steroids, psychedelics, and adderall. He began trading stocks and cryptocurrency and tricked people into building a trading bot for him. Then stole their product and their money. He got other people to invest with him after announcing his success on social media. Basically ran a Ponzi scheme to keep clients and steal money. He really did invest the money, but people would never see it again. A couple of my close friends invested a couple thousand with him and he eventually took off with the money and never spoke to them again. Despite all this I’m still here trying to help him. I know it may seem obvious to people on the outside that this was a lie, but he lived it like it was the truth. And that made everyone else believe him. In his mind, it is the truth, but for me it’s so frustrating to watch this happen to him. He’s extremely smart and his life could be totally different. I know he struggles with depression as he’s mentioned suicide to me before among other things. I’ve tried to break the barrier of lies into the truth, but he’ll never let me get past the surface. I know he wants to tell me, I believe he really does, but I don’t know the right way to confront him without making him feel like a complete failure. It’s a very fragile situation especially in his mental state. Deep down I always knew, I have a pretty good intuition and I’ve struggled with lying in the past. It takes one to know one... but this has just gotten absolutely out of hand. If anyone has any advice on what I can do or the correct way to approach this situation, please let me know. I would do anything to help my friends, especially this one. Thanks in advance. TLDR; A good friend of mine since childhood has started living a lie for the past few years. He became an “overnight millionaire” and then ended up stealing people’s money in what was most likely a Ponzi scheme. I’m pretty sure he has BPD and I’m afraid he’s going to commit suicide. I want to help, but I don’t know how to confront him. Thanks for any advice!
09-11 23:14 - 'Bitcoin and other cryptocurrencies have been the best investment of our generation. Investing early in cryptocurrency has minted a significant number of new multi-millionaires in the past five years. But Bitcoin is sti...' by /u/Terrible_Bat4906 removed from /r/Bitcoin within 18-28min
''' Bitcoin and other cryptocurrencies have been the best investment of our generation. Investing early in cryptocurrency has minted a significant number of new multi-millionaires in the past five years. But Bitcoin is still in the early innings and there is plenty of upside ahead in our view. ''' Context Link Go1dfish undelete link unreddit undelete link Author: Terrible_Bat4906
If Bitcoin and Cryptocurrency continues to climb over the coming years there will undoubtedly be a lot people becoming rich and even millionaires – small investments now in the correct coins produce huge gains in the future. Part of good opsec in this world is to never share information about your investments with other people and never publicly. You will never know who remembers that you ... Even with the price fluctuation, there are many, many millionaires and some billionaires who have been holding on to their bitcoin since purchasing it in the early days at its lowest prices. The first bitcoin billionaires were Tyler and Cameron Winklevoss, famous for winning $65 million in their fight with Facebook’s Mark Zuckerberg. They used $11 million from their payout to invest in ... When Bitcoin was at its lowest value in its initial days, there were people who due to utmost curiosity, purchased it and now have become the richest Bitcoin owners around the globe. Besides this, some richest Bitcoin owners in India have also become millionaires after obtaining Bitcoin in multiple ways. Bitcoin Millionaire: List of Individual Bitcoin Millionaires. Bitcoin millionaire Jered Kenna purchased his first batch for $0.20 a piece. He traded them for approximately $258 a piece. This was just the first batch of coins. He lost approximately $200,000 in 2010 when he reformatted his drive. Something that can happen when you are dealing with cryptocurrency he did not worry about the loss ... Bitcoin, unlike traditional careers, has created millionaires from all walks of life, from serial entrepreneurs to former Olympic athletes.
Bitcoin Millionaires: To The Moon! Vincent Briatore Crypto. Loading... Unsubscribe from Vincent Briatore Crypto? Cancel Unsubscribe. Working... Subscribe Subscribed Unsubscribe 38.5K. Loading ... 10 Youngest Bitcoin Millionaires with Crazy Lives - Duration: 6:39. NerdVid 783,541 views. 6:39. Robert Kiyosaki 2019 - The Speech That Broke The Internet!!! KEEP THEM POOR! Visualize the total amount of millionaires in USD for each country from 2000 to 2019 versus the Bitcoin circulating supply. In the year 2000 there was approximately 13.9 million millionaires. 10 Youngest Bitcoin Millionaires with Crazy Lives - Duration: 6:39. NerdVid 791,681 views. 6:39. Why You Need a Home Based Business and How to Start! with Dr. Lynn Richardson - Duration: 54:48. ... In 2010 Bitcoin value was 20$ or even lower and now the value of Bitcoin is 3000$ that it hit this June. Watch the video to learn the top 5 Bitcoin millionaires and how they did get so rich from it.