10-13-2018, 04:18 AM
A Common Programmer Becoming Millionaire Thanks to Bitcoin
A person who refuses to his real name and introduces himself as Mr Smith bought bitcoins back in 2010. He spent three thousand dollars to do it when the first-ever cryptocurrency cost next to nothing and very few people realized its huge potential. Mr Smith is now a millionaire.
Early investor
Mr Smith did not invest in Bitcoin soon after learning about it. He was a programmer in a big firm in the Silicon Valley when he heard about Bitcoin from a co-worker. He studied all available information to understand this new technology. When the price rose from $0.008 to $0.08, Mr Smith made a decision to make a move. He bought 20,000 bitcoins at the price of about $0.15 per coin. Mr Smith was confident Bitcoin had a long-term potential and, as is obvious now, it was the right call to make.
Millionaire
Mr Smith sold 2,000 bitcoins when the price reached $350 (i. e. Bitcoin's value rose two thousand times since the purchase) and then another 2,000 bitcoins when the price climbed to $800. Thus, he ended up with $2.3 mln on his account.
The very next day, Mr Smith retired and went on a round-the-world cruise. “I've got everything I've ever dreamed of... I'm now travelling the world and don't have to worry about money for the rest of my life. I'd be a fool not to sell,” says the investor.
Mr Smith only buys first-class airplane tickets, stays in five-star hotels, and may travel to Singapore, New York, Las Vegas, Monaco, Moscow, Zurich and Hong Kong within a month. As Mr Smith says, he has no minute to spare to be bored.
He still owns enough bitcoins to continue with this lifestyle. In total, he's earned $25 mln on bitcoins. This is what it means to accurately appreciate a new project's potential on time.