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onlinepro
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June 21, 2014, 11:37:02 AM |
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Smart kid, but he made 1 mistake, he should have holded at least some of his coins.
Or does his website accept coins?
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Unlike traditional banking where clients have only a few account numbers, with Bitcoin people can create an unlimited number of accounts (addresses). This can be used to easily track payments, and it improves anonymity.
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magnet007
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June 21, 2014, 04:29:35 PM |
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nice investment....
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gloryninja
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June 21, 2014, 04:50:51 PM |
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Great lad,
guy got his own company and doing good!
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Custom Built Gaming Desktops and GPU Rigs!
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RepublicSpace
Member
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Activity: 145
Merit: 10
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June 21, 2014, 06:01:50 PM |
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I love the deal he made with his parents, if he makes 1 million before 18 he doesn't have to go to college.
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ShakyhandsBTCer
Sr. Member
Offline
Activity: 448
Merit: 250
It's Money 2.0| It’s gold for nerds | It's Bitcoin
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June 21, 2014, 09:23:27 PM |
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I find it interesting that there were several threads on this forum shortly before this story came out that were asking if someone under 18 could trade bitcoin on an exchange |
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sukamasoto
Legendary
Offline
Activity: 1148
Merit: 1006
Black Panther
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June 22, 2014, 05:24:15 AM |
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a very right decision to buy bitcoin when inherited from her grandmother, he may have become a rich man now  |
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bryant.coleman
Legendary
Offline
Activity: 3654
Merit: 1217
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June 22, 2014, 06:41:47 AM |
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I love the deal he made with his parents, if he makes 1 million before 18 he doesn't have to go to college.
So what do you think? He will sit at home with just school education? He will go to college, but will be free to chose the subject he want. Or he could do some correspondence course from home. |
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rext
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June 22, 2014, 10:00:55 AM |
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Anyway hats off to him. Well done kid.  |
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InwardContour
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June 22, 2014, 11:50:13 PM |
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I love the deal he made with his parents, if he makes 1 million before 18 he doesn't have to go to college.
So what do you think? He will sit at home with just school education? He will go to college, but will be free to chose the subject he want. Or he could do some correspondence course from home. He will likely not need to to college if his business is successful enough. Many successful business owners either did not go to college or they dropped out of college. |
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montreal
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June 23, 2014, 12:43:31 AM |
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Good for him! Not many 15 year old kids would have the vision, focus, or commitment to start their own business. he is gaining incredible skills and experience for someone his age, definitely going to be successful in life.
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Riniaiokl
Newbie
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Activity: 48
Merit: 0
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June 23, 2014, 10:34:00 AM |
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Good luck to him. I hope he's done his research, this has been tried a few times before and failed.
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onlinepro
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June 23, 2014, 10:36:53 AM |
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Did he buy at ~1$ and sell at ~100$? If he would have holded till 1000$ he would have that million dollar now  |
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Riniaiokl
Newbie
Offline
Activity: 48
Merit: 0
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June 23, 2014, 10:40:45 AM |
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TBH not sure how far $100k will go to pay developers to maintain and add features to a site like this, if that's his bankroll he needs to be making money pretty quick off the bat.
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rext
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June 23, 2014, 10:44:59 AM |
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Still, it's pretty darn amazing what kids can do these days.
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ShakyhandsBTCer
Sr. Member
Offline
Activity: 448
Merit: 250
It's Money 2.0| It’s gold for nerds | It's Bitcoin
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June 24, 2014, 04:00:38 AM |
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Did he buy at ~1$ and sell at ~100$? If he would have holded till 1000$ he would have that million dollar now I think he bought at around $10 and sold around $1,000 |
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IamCANADIAN013
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June 24, 2014, 04:52:21 AM |
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TBH not sure how far $100k will go to pay developers to maintain and add features to a site like this, if that's his bankroll he needs to be making money pretty quick off the bat.
Good point. Even if he does make that million by 18, he should still go to college. 1 million at that age isn't a lot of money considering how long he has to live. Kid seems pretty damn smart though, so I'm sure he will figure it out. I'd still head to college though, who knows the valuable connections he could make while there. |
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boumalo
Legendary
Offline
Activity: 1904
Merit: 1018
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June 25, 2014, 08:40:10 AM |
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TBH not sure how far $100k will go to pay developers to maintain and add features to a site like this, if that's his bankroll he needs to be making money pretty quick off the bat.
Good point. Even if he does make that million by 18, he should still go to college. 1 million at that age isn't a lot of money considering how long he has to live. Kid seems pretty damn smart though, so I'm sure he will figure it out. I'd still head to college though, who knows the valuable connections he could make while there. 1,000,000$ well invested at 18 is huge but if he is using it to live, it isn't that much anymore He will meet friends and learn things on life in college |
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ShakyhandsBTCer
Sr. Member
Offline
Activity: 448
Merit: 250
It's Money 2.0| It’s gold for nerds | It's Bitcoin
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June 26, 2014, 05:01:19 AM |
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TBH not sure how far $100k will go to pay developers to maintain and add features to a site like this, if that's his bankroll he needs to be making money pretty quick off the bat.
Good point. Even if he does make that million by 18, he should still go to college. 1 million at that age isn't a lot of money considering how long he has to live. Kid seems pretty damn smart though, so I'm sure he will figure it out. I'd still head to college though, who knows the valuable connections he could make while there. 1,000,000$ well invested at 18 is huge but if he is using it to live, it isn't that much anymore He will meet friends and learn things on life in college College is god for an "experience" but is not necessarily good from an "education" prospective. |
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CoinMode
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June 26, 2014, 06:06:06 AM |
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how lucky him, make 100x profit from bitcoin's increasing price really envy with early adopters of bitcoin  Don't be envious. Get off your ass and help build the network like he did. No work = No reward |
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DannyElfman
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June 28, 2014, 08:59:41 PM |
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TBH not sure how far $100k will go to pay developers to maintain and add features to a site like this, if that's his bankroll he needs to be making money pretty quick off the bat.
Good point. Even if he does make that million by 18, he should still go to college. 1 million at that age isn't a lot of money considering how long he has to live. Kid seems pretty damn smart though, so I'm sure he will figure it out. I'd still head to college though, who knows the valuable connections he could make while there. 1,000,000$ well invested at 18 is huge but if he is using it to live, it isn't that much anymore He will meet friends and learn things on life in college He has invested it in his business. If his business survives for 5 years, chances are that it will allow him to live off of the business's earnings, if it fails within 5 years then he would not be too old to go to college then and finish school and still have most of his life ahead of him |
This spot for rent.
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