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Author Topic: An inspirational story of a 19 year old boy.  (Read 580 times)
Alucard1 (OP)
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May 19, 2020, 11:27:27 AM
Last edit: May 19, 2020, 11:38:45 AM by Alucard1
 #1

We all have our own achievement with regards to bitcoin but I really inspired with the 19-year-old boy who gets rich by his young age. It is really something to be proud of being a millionaire at the age of 19.

Most of us have at least $1000 in our savings account, it sounds so normal but the young boy makes it enough to become a millionaire someday, it is enough to invest in cryptocurrency.

At the age of 12, the boy received $1000 from her mother as a gift and he used it to buy bitcoin and how he became a millionaire. He currently owns 401 bitcoins, which equals $3.4 million at a rate of $8,512 a coin.
Source: https://www.c[Suspicious link removed]m/2018/02/02/bitcoin-millionaire-says-this-is-how-much-to-invest-in-cryptocurrency.html
GDrive: https://drive.google.com/file/d/1sT3hEAnbr4DJRf0HcPEeMSzQtbYhJpWR/view?usp=drivesdk


This sounds so good, hoping that we feel the same way, most of us dream to be a millionaire or even billionaire someday, praying and wishing that it all come true someday, it takes time and experience to become one of those people. Just be patient and keep dreaming Cheesy.

PS: I don't know what happens to the source link, I already edited it many times and it ends up like that.
PS: I just saved it to google drive so you can still visit the link if you want Cheesy.

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May 19, 2020, 11:29:42 AM
 #2

A story that we can see as a success story. But this boy could go with so much money and do it irresponsibly or in dangerous things. Luckily, BTC appeared before him.

In fact, we can discuss how right to entrust a 12-year-old child with $ 1000.
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May 19, 2020, 12:04:11 PM
 #3

So many things to learn from this story -

- Plan your investing at early age. This ideally parents should inculcate these values to their kids as early as possible.
- If rightly invested by the time you are done with the studies you will have good money in your hand.
- So instead of thinking about the job people may think to become entrepreneur as the basic capital required would be in hand. Normally many could not even think due to lack of money.
- From very early stage itself in life one can understand the value of money and over the period of times the habits and mindset change for better in the due course.

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May 19, 2020, 12:11:51 PM
 #4

Quote
Most of us have at least $1000 in our savings account.

Lol! Your dad is either a millionaire or you are unaware about the reality. $1000 is a big amount and I bet more than 95% of the young age people don't have even half of it.

The story may inspire young age people to invest in bitcoin but if they end up loosing money in that process, that will be a real pain for them. I know few persons who had invested heavily in bitcoin back in late 2017 and still paying their credit card debt from their salaries. The boy in the story just got lucky!

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May 19, 2020, 12:28:46 PM
 #5

Quote
Most of us have at least $1000 in our savings account.

Lol! Your dad is either a millionaire or you are unaware about the reality. $1000 is a big amount and I bet more than 95% of the young age people don't have even half of it.

The story may inspire young age people to invest in bitcoin but if they end up loosing money in that process, that will be a real pain for them. I know few persons who had invested heavily in bitcoin back in late 2017 and still paying their credit card debt from their salaries. The boy in the story just got lucky!
Agree LOL. Here in the Philippines if you are teenager and have a 200$ savings or more then, you are completely above average than the others! 1000$ is a huge amount of money 

Honestly being a millionaire is just a big giant lottery. All of the millionaires are just hitting a jackpot when they do something right or they start/discover something. What we should take on something like this is don't stop trying, cause if you stop betting (trying) then, your almost noting percentage is going to be completely nothing in the lottery of life.


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May 19, 2020, 12:37:14 PM
 #6

Op, dreaming is not associated with riches if you don't put practice to be rich. You have to be physical and leave out the just dreaming. For the little boy, he didn't even dream, he had the zeal after getting the resources and his optimism got him the wealth. As such there are other resourceful altcoins capable to make another person wealthy if you believe and hodl them.
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May 19, 2020, 12:51:32 PM
 #7

Your story is very inspiring. The young boy must have been guided by somebody that knows about bitcoin very well. I love seeing such stories even if I'm not part of the story, but I believe they is a glory from being happy for other person's accomplishments.
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May 19, 2020, 12:53:03 PM
 #8

GDrive: https://drive.google.com/file/d/1sT3hEAnbr4DJRf0HcPEeMSzQtbYhJpWR/view?usp=drivesdk
~
PS: I just saved it to google drive so you can still visit the link if you want Cheesy.

This is not the correct way to save a page, someone could think your google drive link contains malware, it is better to save the page with Internet Archive https://web.archive.org instead.

For anyone wondering, this is the contents of the google drive:


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May 19, 2020, 12:54:22 PM
 #9

Well, I tried planning a $20k investment with one friend of mine when BTC was around $1k and he said he doesn't believe in ponzi scams. Months later, BTC went up to $20k and guess what my friend was doing: he bought at $15k and sold below $12k. Cheesy

Investments simply aren't a thing for some people. Yes, it's a risk you have to accept and BTC could've gone below $1k just as easily, but the FOMO around that time was just too huge to ignore it.

Give a million bucks to some random dude and chances are they'll lose it. That kid was either very lucky to put their money in something they probably didn't understand very well or.. he is pretty smart and knew Bitcoin must have a future.
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May 19, 2020, 12:55:54 PM
 #10

Most of us have at least $1000 in our savings account, it sounds so normal but the young boy makes it enough to become a millionaire someday, it is enough to invest in cryptocurrency.
Hmm Sad


https://finance.yahoo.com/news/survey-69-americans-less-1-171927256.html

I think... Even the boy didn't buy Bitcoin when it's still cheap, he also become a millionaire till now. I mean, his parents is a millionaire before he start buys Bitcoin. Because $1000 is very large amount when he's child, and that's only a "gift" from his mother. I can't imagine how rich is his parents.



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May 19, 2020, 12:58:14 PM
 #11

That was a smart boy, the fact that he bought bitcoin at that time, I can say that his boy is special and he sees something that most of us didn't see that time. Maybe he was lucky as well, but now owning that huge number of bitcoin will already make him live a life financially free if he can manage his money properly.
as long as it's re invested or diversified with other kind of investment, for sure that will grow its necessary that he will be help by his parents in managing that big amount ... lucky boy, he might even help his parent to retire early if they are still working until now.

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May 19, 2020, 01:09:34 PM
 #12

The buy just wanted to buy some weed online, but it became legal, so he forgot about Bitcoin altogether. Until the better times came, lmao
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May 19, 2020, 01:16:13 PM
 #13

At the age of 12, the boy received $1000 from her mother as a gift and he used it to buy bitcoin and how he became a millionaire. He currently owns 401 bitcoins, which equals $3.4 million at a rate of $8,512 a coin.

Those stories are interesting but they are very uncommon and it is very unlikely anyone here will experience something similar.
And those stories also have a negative effect: Many people will try to reach something similar buying shitcoins, which are almost all of them scams. People will lose money.

The boy probably forgot about the bitcoins for years and when he discovered it he was a millionaire.

Because people do take profits before reaching 3.4million mark. Most of people would sell almost everything on 100k profit, or 300k profit, and so on...

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May 19, 2020, 01:47:52 PM
 #14

We all have our own achievement with regards to bitcoin but I really inspired with the 19-year-old boy who gets rich by his young age. It is really something to be proud of being a millionaire at the age of 19.

Most of us have at least $1000 in our savings account, it sounds so normal but the young boy makes it enough to become a millionaire someday, it is enough to invest in cryptocurrency.

At the age of 12, the boy received $1000 from her mother as a gift and he used it to buy bitcoin and how he became a millionaire. He currently owns 401 bitcoins, which equals $3.4 million at a rate of $8,512 a coin.
Source: https://www.c[Suspicious link removed]m/2018/02/02/bitcoin-millionaire-says-this-is-how-much-to-invest-in-cryptocurrency.html
GDrive: https://drive.google.com/file/d/1sT3hEAnbr4DJRf0HcPEeMSzQtbYhJpWR/view?usp=drivesdk


This sounds so good, hoping that we feel the same way, most of us dream to be a millionaire or even billionaire someday, praying and wishing that it all come true someday, it takes time and experience to become one of those people. Just be patient and keep dreaming Cheesy.

PS: I don't know what happens to the source link, I already edited it many times and it ends up like that.
PS: I just saved it to google drive so you can still visit the link if you want Cheesy.
First of all, the story is two years old, so the guy is 18-20 years old, and I don't see why it's brought up for a discussion if it's not anything new.
Quote
Most of us have at least $1000 in our savings account.

Lol! Your dad is either a millionaire or you are unaware about the reality. $1000 is a big amount and I bet more than 95% of the young age people don't have even half of it.
Secondly, I wanted to address this statement that avikz commented. I am pretty sure that even in developed countries not every child gets $1k as a gift at the age of 12 (even in the US every fifth child lives in poverty), and in a country like mine it's unthinkable. And I am sure that the majority doesn't have $1k as savings, but then it depends on what you mean by 'us'.

Finally, as for the whole thing and whether it's inspiring... Reading an article on Guardian about this guy, he seems like a person that comes from a highly intelligent family, but is actually quite a pr*ck himself who likes showing off how rich he is and is glad he doesn't have to go to college now that he's a millionaire. I hope his scar from being bullied at school heals, and Erik finds a purpose in life rather than ends it in a few years out of boredom.

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May 19, 2020, 01:58:49 PM
 #15



This is actually a very famous story in the world of cryptocurrency, just below the more famous pizza story. Anyway, this is really inspiring and is sending a good message to young people: don't squander your money especially the one extended to your parents and better save then invest the money on something that can grow so well. Well, nobody can go back in time when Bitcoin is still cheap and that is why many are involved with other projects which unfortunately many can be scams or frauds. Taking the risks when done right can indeed be bringing a fortune. Aside from taking the action and choosing the right opportunity, a little amount of luck can also be another ingredient -- that situation when you are at the right place, right time and you are the right person.
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May 19, 2020, 02:42:45 PM
 #16

That boy is a lucky boy who can have much money from bitcoin. But if he doesn't sell his bitcoin, he cannot be a millionaire because he still has bitcoin, not the fiat which he can use to buy anything he wants. But if he sells some amount of his bitcoin, and send the money into his bank account then yes, he is one of the wealthiest people.

But that is inspirational for us, which can give us a lesson about what it looks like a new thing, and it can provide us with a new way to be our success. That boy is really open mind with something new than the adult people around him.

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May 19, 2020, 03:17:04 PM
 #17

Why is the link broken?

Damn! I would invest it with a console game at that age.  Grin
My Mom would not give me that much though. She will kill me first before I would get that kind of amount.
I even cried just for Nintendo console in Christmas time.  Grin

But seriously this is a good lesson. I have been teaching my first born already on how to save money. He is just 3 but he knows where to put a coin when he see one. The piggy bank.


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May 19, 2020, 03:27:15 PM
 #18

Why is the link broken?
This is the correct link, I'll just embed it on code.
Code:
https://www.cnbc.com/2018/02/02/bitcoin-millionaire-says-this-is-how-much-to-invest-in-cryptocurrency.html

Damn! I would invest it with a console game at that age.  Grin
My Mom would not give me that much though. She will kill me first before I would get that kind of amount.
I even cried just for Nintendo console in Christmas time.  Grin

But seriously this is a good lesson. I have been teaching my first born already on how to save money. He is just 3 but he knows where to put a coin when he see one. The piggy bank.
That's a lot of money of a gift for a young age, how I wish grandma would surprise me that one time which I'll doubt. What I can think about that age are all those flashy gadgets or even think to be thrifty since school days are coming, haha. I think he has some good mentors living with him or the man just financially genius he thinks about buying it instead for bitcoins.
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May 19, 2020, 04:36:16 PM
 #19

Not every one of us can get $1,000 to our savings with the ages ranging from 12-19. I see that this is the story of Erik Finman, he really did something great at a very young age. We admire him because when we're younger or during the early days of bitcoin, we don't care about it and we're doing a different thing.

By the way, Erik was known staked his all bitcoin holdings to another coin named Metal.

The teenager who made millions on Bitcoin is staking it all on this obscure token

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May 19, 2020, 04:38:34 PM
 #20

$ 1,000 for a 12-year-old boy is a lot of money in my opinion.
At the same age I might never get a prize of up to $ 1,000. Maybe what I have at age 12 is only around $ 10- $ 50.

but the thing that a 12-year-old boy bought bitcoin with $ 1,000 to own 401 BTC was incredible. He was able to create opportunities and see a gap in the success of bitcoin in the future. His mentality is also extraordinary for a boy his age.
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