Friday, March 30, 2018

$25 Million Profit From Bitcoin: Now Travelling The World

Now traveling the world, flying first-classing and living only in the 5-star suite, meet Mr. Smith (name changed) who was just another working professional like the rest a few years back.

His fortune and luck took a grand spin the moment he decided to invest $3000 in Bitcoins in October 2010. Costing just $0.15 per unit that time, Smith managed to buy a slightly under 20,000 Bitcoins.

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Bitcoin Millionaire Story
And from then to now, he has made a total of $25 million in profits from his early investment in Bitcoin.

“I had no idea how much to invest, but I was getting paid pretty well at the time, so I decided on $3,000,” Smith said. “I knew from the very start that I was playing the long game. I wanted to see how high it could go,” he added.

Backstory

Back in 2008, Smith was a software engineer, working for a big tech company in Silicon Valley. He learned about Bitcoin from one his friends. At the time, one Bitcoin was valued at $0.008.

However, he didn’t invest immediately. But rather decided to take some time.

“That price jump really got my attention, but I still waited a few more months before investing. I wanted to learn more about the underlying technology first,” he said in one of his recent interviews featured on Forbes.

Following few months, he finally jumped in, buying around 20,000 Bitcoins.

In the early days, Bitcoins remained low in the news. Although Smith did check the value of his investment every month, he didn’t pay much attention to it. Not at least till 2013 when Bitcoins inched mainstream.

Now A Bitcoin Millionaire

When the price reached $350, Smith sold 2,000 of his Bitcoins. Two days later, when the price climbed $800, he sold 2,000 more of his stock. And just like that, within a week, he made about $2.3 million. (The closest any story can come up to Bitcoin Millionaire Overnight Idea)

What did he do next?

He left his job and went on a world trip the following week.

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Using money made from Bitcoin for travelling
He sold a large chunk of his remaining 16,000 Bitcoins in bits and pieces in the following months and years. And made a total profit of $25 million.

Right now, Smith still holds 1000 Bitcoins. He plans to sell them when the price hits $150,000 per BTC. “I really do think it will get there,” he says, hopeful of the bright future of this digital currency.

On if he regrets selling 19,000 of his Bitcoins so early when the price is still soaring high, he says, “I have everything I’ve ever dreamed of now. I fly all over the world visiting friends, I do whatever I want with my time and I never have to worry about money for the rest of my life.”

“I’d be an absolute fool not to cash out now,” he added.

Source: Forbes
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