How they get rich - Changpeng Zhao

[Leviathan.007]

From working in the night shift at the gas station, To opening the world most famous crypto exchange.

Changpeng Zhao also known as CZ is one of the most successful people I see these days. He is mostly known for owning so many bitcoin inside his company.

Changpeng Zhao, is an Chinese - Canadian economic activist in the field of crypto currencies and founder of binance exchange. Before binance, he got the experience of working on Blockchain.info and OkCoin exchange.

Back in 1977, Zhao was born on chainsaw. His father was a professor and due to some political beliefs he left China to Canada, he was also living on some other countries such as Japan, Hong Kong and Singapore.
Just like many other people, CZ had to work night shift at the gas station and McDonald's because of the financial difficulties.
After graduating from McGill University, he designed some financial program for New York and Japan markets. After a few, some of his friends explained him about bitcoin, he was interested to bitcoin and instantly started to work wit blochain.info. This working experience made him to know some more bitcoiners including Roger Ver(CEO of Bitcoin.com) and Ben Reeves(Co-Founder of Blockchain.com). After earning some experience, CZ started working as a senior technology manager on OkCoin.
He always had the dream of starting an exchange. Exponential growth of crypto currencies on 2017 was the best chance for CZ to to start his own business. So, he founded Banance Exchange. His determination made him successful and just after 8 months became the greatest crypto exchange. Now his company launched other products such as binance US and binance DEX.
According to the last new from Yahoo fanatical magazine, his wealth at the end of 2020 was about 2.6 billion dollars. While back in 2019 according to Forbes magazine his net worth was about 1.3 billion dollars.

You guys maybe know some other successful people who started from 0 and now they are billionaires. After reading a brief history of their lives and the what they do you can understand it's not to hard to become rich.
They started from 0.0 basically zero and sometime even less than zero.
They are living on same world with us, the only difference is the power of will. They aim and work hard to reach their goals no matter how hard it is. The next billionaire can be you or me, we just need to see the opportunities we have.

[fiulpro]

Yes this is indeed amazing. I do think that cryptocurrencies can make us or break us. The key points to remember would be :

• Patience
• Active market involvement
• knowledge
• learning from not just yours but from the mistakes of others too
• investing both in fiat and cryptocurrencies because right now I do believe that cannot exist independently
• Saving , we don't have to spend money on things that are going to loose their value in upcoming years

We can write a whole book about what to do and how to engage in such profitable deal but at the end of the day luck is also a big factor. But right now I do think that we all can invest in :
Bitcoins
Ethereum
Dogecoin
Ripple

Their price is giving good returns.

[AngelaT34534]

The reason why the rich become rich is because they can see opportunities that we do not see, thanks to their extensive experience and vision, and even their level of education. Although it is difficult for ordinary people to reach his level, they can work hard in this direction.

[Twinkledoe]

That's inspiring story of CZ. You can never really tell your fate in this world. As long as you are aiming with your goals in life, you have hope on what you want to achieve in life. Also, sometimes it is good to know their life's story so we can understand where they are coming from. Dedication and hard work really paid off on this one.

[Obito]

I know this guy named Laszlo Hanyecs from Florida who wanted to buy 2 Papa John's Pizza for 20,000 bitcoin, the guy who receive it is the winner, and that is my story on how they get rich. Special mention to satoshi owning 1 million bitcoin and disappearing to the public eye.

We can write a whole book about what to do and how to engage in such profitable deal but at the end of the day luck is also a big factor.

Don't always rely on luck, it is elusive when you chase it, there are other rags to riches to story and most of them never mentioned luck, luck will make you lazy because you believe in chances which is not a good thing because opportunities come by but you have to open the door to let it in, it is not the other way around.

[LogitechMouse]

I know this guy named Laszlo Hanyecs from Florida who wanted to buy 2 Papa John's Pizza for 20,000 bitcoin, the guy who receive it is the winner, and that is my story on how they get rich. Special mention to satoshi owning 1 million bitcoin and disappearing to the public eye.

The question is, does the receiver chose to hold it until now?? Or he already sold it way back when he just received it and saw that the price of it increased by a lot.
He will just a winner if he decided to hold it until now but I doubt that he did it. Regarding Satoshi, its expected that the creator itself is holding Bitcoin so Satoshi is the big winner because of the holdings.
Perseverance, Discipline, Hardwork, Patience, Doesn't stop learning, Investing.

These things will help a person become like CZ. I can compare his background life to Jack Ma who became a billionaire too who started from zero, rejected many times (including KFC). Lets aim hard like OP has been said, invest as well because that will help us too in becoming rich .

[Samayuki]

Very inspirational, I want to be successful in my own way and not CZ, what I've learned from his achievement is never giving up, when you have a dream you got to make it a reality, leaning on luck won't help remember actions is what makes a successful man not luck, not words.

[Obito]

~

The question is, does the receiver chose to hold it until now?? Or he already sold it way back when he just received it and saw that the price of it increased by a lot.
He will just a winner if he decided to hold it until now but I doubt that he did it. Regarding Satoshi, its expected that the creator itself is holding Bitcoin so Satoshi is the big winner because of the holdings.

I hope that the receiver didn't sold it then and there when he received the payment for the two pizzas, imagine the regret that you have when after receiving 20k bitcoin, you immediately used it for something, can't really blame the guy if the 20k was spent a long time ago, nobody expected the rise in prices. I think that the founder does not have any plans to release that massive amounts of bitcoin, remember the time that satoshi said that lost coins add value to the prices, I think that as bitcoin his grand project, he did an effort to keep the value high by holding that amount.

[davis196]

You guys maybe know some other successful people who started from 0 and now they are billionaires. After reading a brief history of their lives and the what they do you can understand it's not to hard to become rich.
They started from 0.0 basically zero and sometime even less than zero.
They are living on same world with us, the only difference is the power of will. They aim and work hard to reach their goals no matter how hard it is. The next billionaire can be you or me, we just need to see the opportunities we have.

Are you f***ing kidding me?Do you really know how difficult it is to become a billionaire?
"The power of will" is not the only difference.Just saying "work hard an be disciplined" isn't enough.
This is way easier said than done.I'm lazy and unfocused and will never change my work ethics or become more disciplined.
Chinese people are very hard working and disciplined,this is how they were raised by their families,I guess.
I never had such a role model in my family.My parents were pretty lazy and I'm following their example.

[so98nn]

Interesting story. Love it when I read something as motivating as struggle to enormous success. I don’t think it would have been as easy as it seems while reading the article you published.

Going to another country and making your own establishment is most difficult task. I mean just imagine, you leave your country and your people behind, fly to the country where starting from language to culture everything is unknown. 

CZ surely had long term vision and he was constant on his learning’s, thoughts that’s what made him capable of doing astounding stuff like this. GF him. 

[20kevin20]

Interesting to see the story of a now-billionaire, but I can't say I can truly praise a man who wanted to basically attack the Bitcoin network to his own company's advantage, the same man who also wants to centralize as many of the largest Blockchain-related companies as he can to his own control. He did create a huge business out of this, but there are missing pieces. For example, where is Binance's Headquarters located precisely? Why did he want to roll back blocks if he truly likes BTC that much? etc..

[kiki889988]

Zhao sall a house to buy Bitcoin has become a myth in the Chinese currency circle. In fact, his success is very simple. His father was a university professor and grew up abroad. He has long had a vision that ordinary Chinese do not have. Of course, his ability to seize opportunities is far beyond ordinary people

[DoublerHunter]

~snip~
They are living on same world with us, the only difference is the power of will. They aim and work hard to reach their goals no matter how hard it is. The next billionaire can be you or me, we just need to see the opportunities we have.

^ It is probably yes but it should hard work altogether with have the capital to start running a business.
There are more of them who have successfully rich in crypto, the youngest as I know is the founder of Ethereum (Vitalik Buterin) at age of 26 he becomes famous in the crypto world same as CZ did. On this blog, you will see the ten most prominent figures in the Crypto world. https://www.entrepreneur.com/article/346140.
Nevertheless, there are too many people trying to become them and follow their pathway, the same with us, and who knows who will become a successful man in the crypto sphere.

[Broly46]

One can simply correlate binance to Robin Hood apps, and see how a two similar exchange can make a difference, binance don’t come to the top easily, it try to tackle a lot of obstacle, namely getting hacked and stolen funds, getting taken down by the government for illegal trading claims, etc, Robin Hood apps on the other hand just decide to deceive investors and throw themselves into big money, that’s how two non profit generating exchange, one is inspiring the other being deceiving, I’m not a big fan of binance, but I undoubtedly a big unpleasant of what robinhood app has did to the investors, it’s the attitude of the person in charge that make it to the top not the company itself.

[Sterbens]

success is achieved by hard work, and patience will pay off more than we expect. That is what we must stand on, never give up and pursue everything that other people say is impossible, it will happen if we offer all our passion, honesty and also patience. not easily trapped by the person who wants to be knocked down. after all is accomplished, they will raise their heads towards us.

do your best, until they say "he used to be nobody"

[oHnK]

His success sees opportunities and always works hard to make him a successful person. There are many people who work hard but not all are able to see opportunities. Simply put, the first to be able to take the ball is he who has the opportunity to score a goal. And all of this is inseparable from persistence, an attitude of willingness to learn, and the courage to take risks. There are people who are able to see opportunities but are unable to take risks, for example, consultants. They only provide advice and direction but have not necessarily tried it.

[Cling18]

Through that, we can't say that poor people remain poor because there are lots of successful people who have been through a lot of struggles before they reach success. As for me, the secret to a successful and sustainable life is hard work and perseverance. There's no shortcut to success but we should set a certain goal and achieve it just like what CZ did. There might be people who will take you down and discourage you but you should just take them as an inspiration to do better.

[masterzino]

CZ's Binance is impressive work. When somebody hacked Binance a couple of years ago and stole nearly $80mn, they didn't stop and just shut down like many others. But recovered the funds from their own pockets(profits) and strengthened Binance security. That's the attitude of successful people!

[kpierce77]

Just hearing the story amazes me. Many successful people come from a tough economy and look at them now, they can afford to run a large economic ecosystem. There is no get-rich-quick scheme, they don't mind working for low pay, they also don't choose jobs, as long as they can get the money to start their business. Determine our goals, do not give up in achieving goals even though it is hard and enjoy life. Btw, because of the tough economy. After graduating, Jack Ma also tried to find work such as trying to apply for KFC, but was rejected and ended up as an English teacher with a very low salary. maybe not everyone has the same perspective, but we all know that hard work will pay off if we do it right

[bassbity]

That's inspiring story of CZ. You can never really tell your fate in this world. As long as you are aiming with your goals in life, you have hope on what you want to achieve in life. Also, sometimes it is good to know their life's story so we can understand where they are coming from. Dedication and hard work really paid off on this one.

I agree, we have to be inspired by it, even outside in general we are racing to succeed in our own way. because the value of success is not from the same story with the same achievements, but rather from making up our own stories and showing the world that we too can be what we want to be. Keep on fighting so that the fruit of success is achieved.