15-Year-Old Makes $100,000 on Bitcoin

[bryant.coleman]

That is a shame, but you still have 4 Bitcoins which is more than most people have... if the price continues to increase who knows what they will be worth in 5 years?

Hmm.... that's true. But still, everyday I curse myself for investing in those crappy crypto-stocks without thinking about the consequences. I got too much greedy perhaps, and got punished for the same.

[medUSA]

It is actually easier to start a business when you are 15 because you have no commitments, have nothing to loose, and can take huge risks. That is what he did. I bet he is not the only 15 year old who made good money on bitcoin 

[blizeH]

Hmm.... that's true. But still, everyday I curse myself for investing in those crappy crypto-stocks without thinking about the consequences. I got too much greedy perhaps, and got punished for the same.

It's no problem as long as you learn from it - and like I said just try to focus on the 4 BTC you still have

I've lost a lot of BTC through silly investments too, but I'm still glad just to be involved anyway

[BitsBitsBits]

I remember reading his thread on r/bitcoin. Cool kid, wish him luck with his website.

[ljudotina]

I'd never sell 100% of my BTC. If i was him, sell 50%, get your business going, and keep the rest.

[Traffic4u]

I'm one who regret sold my BTC a half n year ago. I had 11 BTC in 2012.  

[ganabb]

I have a conviction that bitcoin will be the liberator for the worlds poor like this 15-Year-Old. Ah, yes. I can already see the recyclers of the slums of Mumbai rushing to buy bitcoins on their smartphones and educating themselves about the ecosystem

[RawDog]

I actually have a deal with my parents that if I make a million dollars before I turn 18, I don't have to go to college," he said.

One doesn't 'have' to go to college, one 'gets' to go to college.  He is a very stupid kid indeed if he thinks he is so smart that he can't make good use of all those professors and laboratories at the university.

[farlack]

Selling 100% off his bitcoins does not seem so smart

Why? You cant predict the future, if he held, and BTC crashed, it would have been holding would not have seemed so smart. Anyone would be smart to spend $100, and cash out at $100,000. The BRAVE hold it.

[TaunSew]

Age 15.  Should had hold to the moon.  Probably will spend it all before starting college.

I'm reminded of some kid who won $1 million lottery at age 17 (under 18 is allowed in certain areas) and he was down to $200K by first year college (still thought he was rich, so acted smug / arrogant / confident to the camera).

Lost his money by going full 'tard by buying cars, high end vacations and 'blind' investing on the stockmarket.


I bet this 15 year old will 'yolo' his 100K away in months

[Parazyd]

He went full retard. Sold all of his BTC.
Never sell all your BTC.

[relm9]

That is a very cool story. There is a good chance he regrets selling his BTC though.

According to the reddit thread he sold near the ATH - $1200, so he can certainly buy back in at no loss.

[hellscabane]

To be young and to have a substantive amount of money. Maybe he'll realize that it is still beneficial to buy some back (but probably should have done it sooner).

After all, $100k is nice, but let's face it, based on average costs of living in the U.S., the average person needs to "receive" around $1.2 million in their lifetime. He's still not 10% the way there.

Hopefully, he doesn't blow it all on "luxuries," but he should treat himself to something nice.

[LavaWave]

This story reminds me of the .com days when high school kids were taking their allowance from their parents and started day trading. There were plenty of stories like this when everyone was printing money!

[jeffersonairplane]

That is a great return on his investment. He should have held it longer, but oh well.

[TaunSew]

This story reminds me of the .com days when high school kids were taking their allowance from their parents and started day trading. There were plenty of stories like this when everyone was printing money!

Dot.com was a $7 trillion bubble.  Coins have a l00000ng way to go

[bigasic]

I think this kid was very prudent. If you read the article, it says that hes still into bitcoin, pays his employees, etc in coin.. Im sure hes replaced his 100 or so coins that he sold to start his venture. Plus his idea is a very very good one...

[ljudotina]

Truth be told, if he got out on 1200, than hell kid did good. He can get back now with huge profit and still have money for his business.

[blatchcorn]

Selling 100% off his bitcoins does not seem so smart

Why? You cant predict the future, if he held, and BTC crashed, it would have been holding would not have seemed so smart. Anyone would be smart to spend $100, and cash out at $100,000. The BRAVE hold it.

I am not saying to hold every is smart either.

The smart thing to do is to sell some and hold some, the exact proportions of selling/holding depend on his risk tolerance

[tvbcof]

I fail to see anything very significant in this story.  I'm a relative latecomer.  When I got involved there were plenty of people who were buying in for pennies.  They would have had to really work at it to NOT have become multi-millionaires.

Then, as now, it is a fair bet based on the content of the chit-chat that many of the participants were still gazing in wonder at the hair forming on their pubes.