If you want to know how people have made a fortune in the crypto world, then keep reading!
These incredible success stories are just examples that show what is possible with cryptocurrency.
1. "I bought a Bentley," says trader Javed Khan.
Javed Khan's investment success happened by chance. He was transferring money using bitcoin in 2018 when the price of bitcoin was around $3,000 because it was simpler than using a bank.
However, the price rose when he left the bitcoin in his wallet. He recognized an opportunity.
We would buy more bitcoin whenever the price of bitcoin fell, and it was quiet. "When nobody is talking about bitcoin, and there are no headlines, that's a good time to buy," he cautioned, only investing money he could afford to lose.
2. "I quit my job and embarked on a round-the-world trip," says Mr. Smith, an anonymous software engineer.
Mr. Smith (not his real name) started working at a typical large Silicon Valley technology company after graduating from college in 2008. He got along with his "equally geeky" coworkers.
He made a $3,000 investment in 2010. With the price of bitcoin at the time being only US 15 cents, he had nearly 20,000 bitcoin. "I knew right away that I was playing the long game." "I wanted to see how far it could go," he explained.
He now spends his time traveling the world in style. He travels first class to 5-star restaurants and dines on elite chef-prepared meals at each meal. He'd been to Singapore, New York City, Las Vegas, Monaco, Moscow, and back to New York City, Zurich, and Hong Kong in the 30 days following his Forbes interview. His net worth is most likely between a hundred million and a billion dollars.
3. "Bitcoin assisted me in purchasing my home," says business owner Daniel Crocker.
Daniel Crocker was completing an apprenticeship at an IT firm in 2012. He would talk with his coworkers about side hustles to make some extra money at lunchtime. When the subject of bitcoin came up, he decided to give it a shot and invest a small sum.
He then kept those coins for eight years, watching their value rise and rise. He sold enough last year to cover half of his house deposit. "I know people who have gone deep, but I think I've been fortunate enough."
4. "By devoting my life to crypto assets and blockchain technology, I've made far more money than I expected to make in my entire life." — Jeremy Gardner
When Jeremey Gardner realized that anyone in the world with an internet connection could send money to anyone else, he fell in love with bitcoin. After purchasing bitcoin in 2013, he delved deeper into the technology and began donating increasingly to the cryptocurrency industry.
He founded The Blockchain Education Network, a nonprofit that educates people about blockchain technology, and he co-founded Augur, a decentralized prediction market. He also shared a three-story house in San Francisco known as the 'Crypto-Castle,' which was home to over six multi-millionaires.
5. "It's part of my pension plan," says business professional Heather Delaney.
"I put in £5 at the start, and I've built it slowly and steadily over time," she says, adding that she plans to keep adding to her investment because Heather is part of a growing group of people who are buying bitcoin and other cryptocurrencies as part of their retirement plan.
While the ultimate success of her investment will be determined when she retires, she is already up more than 500%. Because bitcoin is a long-term investment, she is unconcerned about the rapid price fluctuations.
6. “He can’t wipe the smile off his face.” — Terry Proud, retiree
Terry Proud, a retiree, sold a portion of his superannuation investments to buy cryptocurrencies in mid-2017 when the price of bitcoin was around $3,000 at the time. Terry is among an increasing number of Australians who invest in cryptocurrencies through Self Managed Super Funds (SMSFs).
When interviewed by Nine News, he stated that he "can't take the smile off his face."
7. "She [now] says I should be able to buy whatever I want." — Kristoffer Koch, a student
Kristoffer, a Norwegian student, was writing his master thesis on encryption technology in 2009. When he learned about Satoshi Nakamoto's Bitcoin whitepaper, the insights from his research helped him see the potential impact of this new cryptographic technology.
He paid $26.60 for bitcoins. That may not seem like much, but given how new bitcoin was at the time, it gave him an incredible 5,000 bitcoins. And, despite the fact that it was only $26.60, his partner was skeptical of spending "real money" on "fake money."
In 2013, Kristoffer heard about bitcoin in the news. He quickly calculated that he was on the verge of becoming a millionaire. He spent $1,000 of his bitcoins on an apartment. He is worth hundreds of millions of dollars if he still has the other 4,000.
We've all seen the charts and know the figures. Bitcoin is the best investment of the last decade. However, we have now seen how the numbers affect people's lives. So there is only one question.
What about you? Are you ready to embark on your crypto adventure?