How I became a BitCoin Billionaire.
It was very late in the year 2008. A small little nowhere nothing town 30 miles outside of Pittsburgh, PA. I was getting ready to move away in a few months, to pursue different career opportunities in L.A. . It had taken 4 years to get to this point, of having what I thought at the time was enough money to go across the country with. I was in my apartment alone in the evening.
Then I heard the knock on the door. As crazy as it may sound, I opened it and saw a 5 year older version of myself standing there, with an envelope of some papers and a story that at the time seemed nearly insane.
The older me said “Dude, I know you are all ready to go to L.A., but you can go out there with a few grand in the bank, or you can go out there a billionaire. There’s only one catch. You have to stay here for five more years.”
So, to make a long story short, the older me told the younger me all about the concept of BitCoin. What it was, the future it had, how and when it was going to get big, the biggest price highs and lows, when to buy and sell, and what computer hardware I’d need and when. Bottom line, from when BitCoin began in early 2009, my goal was to amass a million BitCoins or more as fast as possible, by any means necessary. Because a million BitCoins times $1000 per when the price surged in December 2013 equals a Billion for me!
So I took the cash I had saved and started buying computer equipment that would be good for CPU mining initially, while being expandable when GPU mining came out. Multi-PCI-E slot motherboards, good power supplies, enough RAM for the job, Core 2 Quad CPUs (remember, this was late 2008), etc.
So I got started on it, and got the coins coming in. I searched out the forums right from day 1 that mentioned BitCoin in any way. I had 5 complete systems at home pimping out the BitCoin, and I started offering to buy BitCoin from people at 2000 BitCoin per US Dollar. As time went on I had to increase my payout rate, but coins were coming in steadily, both from mining and purchasing.
When GPU mining began, I was ready with Radeon 5970s to mine the coins fast and hard. As the next couple years went on, I really hated having to stay at home while the BitCoins accumulated, and it was still a thing only computer geeks even knew about, but I had enough trust in my older self to let it ride, and build up. As Bitcoin slowly gained popularity, I felt better about it.
When Bitcoin hit its peak of $31, I sold out and left the money in the bank for a few months, while continuing to mine, and when prices dipped under $3, I bought the Bitcoins all back and many more! This was the first time I really had faith that it was all going to work out, after my older self had correctly predicted the price pop and dip.
I told a few friends about the concept of BitCoin, and they never really believed me, but I was able to talk them into running an extra PC or two to mine for me in the early days. More coins is more coins!
When the April 2013 price pop happened, I sold some coins but not all of them, and I bought them back when the price dipped under $75 as couple months later.
Then, in December when the price started bouncing over $1000, right on schedule, I started selling through multiple exchanges to multiple wallets and bank accounts, and the Winklevoss twins and other big time investors bought up the majority of my BitCoin for themselves. Some of the deals were in cash so I avoided paying taxes on that money!
So that’s how I became a BitCoin Billionaire, and now I can go out into the world and get things done for myself! The five years of waiting and investing paid off!
If only it were true…
Why, oh why couldn’t I have had the foresight to capitalize on BitCoin right from the very start?
