My old officemate become millionaire on investing on Bitcoin

[Nrcewker]

This is awesome and even worked out better for your friend that he forgot about his investment during the first bull run.  One of the best pieces of advise you offered was to avoid altcoins/shitcoins.

Yes there is no coin that has shown the outcomes like Bitcoins.
Glad to hear that the OP’s colleague invested in Bitcoins not any altcoins. For which he gained massive returns in a short period of time.
Also as like always advised, the man also did the same , that is not noticing the price many often.
And see to his fortune, after years he found a great return to his investment.
Similar things we need to follow when invest for long term, we need to show patience and ignore the dips or bearish market.

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[fortuner]

I'm a bit skeptical with this kind of stories, because there are people who make up stories on the forums and we have no way to check if they are telling the truth or not.  I'm not saying the story is true or not, I'm just saying I have no way of knowing.

Just go on with the story  .  Be happy for the person who forgot his BTC holdings and just remembered recently selling it at $20k.  That amount of money is indeed a life changer in my country.  But sadly he couldn't wait anymore and could possibly get 5x of the sold value if he waits 2 to 3 years from now.

To me, what stories like this remind me of are the contrary stories, the stories of people who have been around all this time since Bitcoin was created, who bought high and sold low. Many of them are now Bitcoin haters, who after losing money decided they wanted nothing to do with Bitcoin, and are waiting for it to go to 0, as a way of confirming that they are right for not buying again.

There is always another side of the story like my friend who happens to have 12 BTC way back in 2016.  He sold it for $2000 dollars in the 2nd quarter of 2017 and months later BTC surged.  Later he told me that he regretted selling all his BTC that early. 

Each has their own unique story about their journey in the world of bitcoin.
Sometimes there is luck that they are not aware of so that everything goes just like that.
I used to have bitcoins too but not much like them.

[Baofeng]

The trick was to use the money he could afford to live without and used it to buy some Bitcoins and even forgot as though he bought them. And also let's not forget his patience. Five years of waiting is no easy thing to do.

Had I used his strategy, I think would have way more Bitcoins in my account than I have right now.

Oh well, we have our own regret story as well. At least in this case, it end on a positive note for the friend that is huge amount of money already for us here and the officemate is lucky that he didn't forget the password otherwise it will be another lost BTC history. I think one time or another we have recommended bitcoin to someone, to a friend, a family member and maybe have the same story as well. Maybe if we will do it right now (spread the good news), and in the next bull run, we might see another positive story like this.

[Eternad]

I'm a bit skeptical with this kind of stories, because there are people who make up stories on the forums and we have no way to check if they are telling the truth or not.  I'm not saying the story is true or not, I'm just saying I have no way of knowing.

To me, what stories like this remind me of are the contrary stories, the stories of people who have been around all this time since Bitcoin was created, who bought high and sold low. Many of them are now Bitcoin haters, who after losing money decided they wanted nothing to do with Bitcoin, and are waiting for it to go to 0, as a way of confirming that they are right for not buying again.

Oh how I wish to share all the possible proof here but this will cause both our privacy so I will leave to you guys if you will believe it or not. I will not try to prove further the validity of my coworker story because I respect his privacy and we are all anonymous here so we don’t need to prove anything to anyone here for just sharing an experience story. 

[Oceat]

Your co-worker was lucky to buy Bitcoin when it was cheaper than the price today. It seems that trying to copy his strategy won't work the same as he did today because of the price difference but it is guaranteed that if one has enough patience will succeed in the end. How I wish I could buy a single Bitcoin but looking at the price today it seems like almost impossible to happen because you will need more time to recover your ROI from investing to a single BTC. And not to mention the everyday expenses that will be very hard if you don't have enough money or source of income if you invest your savings to Bitcoin.

[AakZaki]

Your co-worker was lucky to buy Bitcoin when it was cheaper than the price today. It seems that trying to copy his strategy won't work the same as he did today because of the price difference but it is guaranteed that if one has enough patience will succeed in the end. How I wish I could buy a single Bitcoin but looking at the price today it seems like almost impossible to happen because you will need more time to recover your ROI from investing to a single BTC. And not to mention the everyday expenses that will be very hard if you don't have enough money or source of income if you invest your savings to Bitcoin.

So it is necessary to do money management to be able to invest in bitcoin well and not interfere with your economic life every day. If you decide to go long term, the ROI recovery will also take a long time, but in crypto it will be faster.
Invest long term and determine at what price you will sell, it is very important and also patience will determine your profit later.

Many have become millionaires because of bitcoin, having bought lots of bitcoins in the past and holding them to this day. But many also regret and suffer losses due to lack of patience and no strategy whatsoever for continued investment.

[serjent05]

Oh how I wish to share all the possible proof here but this will cause both our privacy so I will leave to you guys if you will believe it or not. I will not try to prove further the validity of my coworker story because I respect his privacy and we are all anonymous here so we don’t need to prove anything to anyone here for just sharing an experience story. 

Just a question, if your co-worker consulted you before he sold his BTC, what would you suggest to him.  We know being active in this forum we have the mentality that Bitcoin will surge in the following years, would you tell him to hodl and sell his bitcoin in later years or you just let him be with his decision? 

Anyway, I am happy that your colleague earns a life-changing profit on his investment I hope he will spend the money wisely.

[boyptc]

And the same stories will be made again for the next bull run.

Your co-worker was lucky to buy Bitcoin when it was cheaper than the price today. It seems that trying to copy his strategy won't work the same as he did today because of the price difference but it is guaranteed that if one has enough patience will succeed in the end.

It can still work if people thought that $20k was too high on 2017 then we're just on the bottom of the same price right now. It could be doubled or tripled and that's too much already if it went more than those multipliers for the next bull run.

How I wish I could buy a single Bitcoin but looking at the price today it seems like almost impossible to happen because you will need more time to recover your ROI from investing to a single BTC. And not to mention the everyday expenses that will be very hard if you don't have enough money or source of income if you invest your savings to Bitcoin.

Just DCA friend, you may not be able to buy a whole bitcoin but you can still buy a little by little until you reach that. It may take time but you save.

[lovesmayfamilis]

Reading the answers, I simply imagine how many people among us could be rich now. I also missed this opportunity by having the "here and now" task. My boss offered to pay for the work I did on the Internet in bitcoin, but at the time I didn't think that was reasonable. I regret not giving bitcoin a single chance to get into my wallet. And in addition, to forget about it for a few years.

Some people are wise by nature. They do not need to be taught in life how to think about the future. We were hot and impatient in our youth, but OP's friend turned out to be more patient, thereby grabbing fortune by the tail.

OP, you should probably keep up with your buddy.

[Agbe]

Investment is always a personal interest, those who are interested Invest to make profit. And also Investment has risk. But it is a calculated risk. Before you invest on any business you have to calculate the benefits and the risk on it so in case you lose, you have already calculated it so it would not pain you if not calculated. From your story I also encounter such situations in the first crypto currencies seminar, I was asked to invest but I reluctantly left the seminar without Investing, so the boy who followed me to the seminar today is a millionaire

[Cryptmuster]

Investment is always a personal interest, those who are interested Invest to make profit. And also Investment has risk. But it is a calculated risk. Before you invest on any business you have to calculate the benefits and the risk on it so in case you lose, you have already calculated it so it would not pain you if not calculated. From your story I also encounter such situations in the first crypto currencies seminar, I was asked to invest but I reluctantly left the seminar without Investing, so the boy who followed me to the seminar today is a millionaire

Everything seems very simple at first glance, but investing is a very difficult thing. You need to choose a good time to buy, so as not to buy at a high price and not sell on a fall. It is also very important not to sell very early, at the beginning or in the middle of a growth cycle. This is all very difficult, you need to have great knowledge and very good patience to make it work. It may just be lucky, but cases of luck, as always, will be very rare.

[blockman]

Right now. He is planning to buy back at lower price level and use the half of his earnings to start his new business. He is planning again to have another 5 to 10 years Bitcoin investment after he buy back.

Just think of it that someone who doesn't look who's into bitcoin and he's the one that got to hold more than anyone else in your circle of friends. With all of those years that he has been holding, he also learned how important it is to hold and have a vision for the long term.
And now that he's got better capital, he can play with his money all along with the market and its situation. That's what you must do and be wise with your profits and secure that you're able to make something else out of it.

I will try to get an update about his business and post it here to inspired other new Bitcoin investor.

Thanks, good luck to both of you.

[Mr.sprin]

my friend also held bitcoin for a long time but my friend did that by accident I mean my friend forgot that he bought bitcoin then in 2018 my friend set aside his money for bitcoin investment and yesterday in 2021 he sold it and he made a lot profit.

[yazher]

Right now. He is planning to buy back at lower price level and use the half of his earnings to start his new business. He is planning again to have another 5 to 10 years Bitcoin investment after he buy back. I will try to get an update about his business and post it here to inspired other new Bitcoin investor. Hold is really powerful strategy isn’t it?

Looks like he has some good opportunities since the price today is low and he can take the first step to but bitcoins and gonna hold it for the years to come. along with his business plan, I'm sure he won't gonna need the funds in his crypto wallet because the money that his business brings to his home will gonna be enough for him to survive and might be more than that. Anyway, we heard countless stories of holders, especially those who hold for the long-term, they are really one of those who gonna maximize their incomes.

[mayfair_coin]

Glad to hear that he became millionaire, Congratulations to him
There is no doubt that if you have tolerance and ability to take risk then you can become a millionaire. However, if you're the type of investor who is willing to shoulder enormous risk in the hopes of becoming rich, you should at least consider employing some strategies to minimize risk while still offering significant upside.

[Vaskiy]

Becoming a millionaire out of Bitcoin investment isn't a simple thing. Because, we don't know how far the price will move, and here the beneficiary out of bitcoin investment was able to use his investment as he remembered it after years. Right now I don't find this to be big, but it would be very interesting if bitcoin usage is enriched and the countries on the series issue of economic crisis can come out of it. As of now it is sad to hear that more 12 countries are on the list after Sri Lanka suffering the worst economic situation.

[wiss19]

Good thing that your friend still remembers you after so many years have passed especially now that he is wealthy now but what usually happens is that people will forget you when they have something but only remembers you when they have nothing and you are the ones who have something.

Just watch out and maybe your friend decided to gave you something because you are the reason on why he have that money right now. It's only funny to think that we are the ones who are more experienced but we are also the ones who earns lesser than to those people who once listens on our advises. Ah I guess they are just more patient than us and they have more control.

[danadc]

I think that many people are happy when someone says that they are a millionaire thanks to bitcoin, because it is a much easier way to fulfill dreams, there are people who are envious and do not like it when someone does well, but when a person takes risks and give it to him, is when it is said, that if it is worth it, then every risk has its good pay if it is given, the most that can happen when you risk a lot is that you lose, and I consider that every person should and has the capacity to get out ahead.

[virasisog]

That's an interesting story. Sometimes, we only need to hold and forget about our investment for a while so we'll never be tempted to sell during a crash. Bitcoin made lots of people millionaires, especially those who took the risks and trusted it. This is inspiring and the story only taught us a lesson to grab the chance of buying while the price of Bitcoin is still low so we'll never miss the chance of gaining a good profit when the bull run comes. Bitcoin will always be worth investing but we should be brave enough to hold.

[KennyR]

That's an interesting story. Sometimes, we only need to hold and forget about our investment for a while so we'll never be tempted to sell during a crash. Bitcoin made lots of people millionaires, especially those who took the risks and trusted it. This is inspiring and the story only taught us a lesson to grab the chance of buying while the price of Bitcoin is still low so we'll never miss the chance of gaining a good profit when the bull run comes. Bitcoin will always be worth investing but we should be brave enough to hold.

With bitcoin investment we won't get tempted to sell, we all finally become prey of panic movements out of market crash. This can be overcome by having trust over the market. The story is a learning that we should not sell without reason. Everyone won't be able to hold bitcoin and forget about the investment. For the person in the story it has happened just because he forgot it, if not surely he could've used it earlier.