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

[Baitty]

It would of been a bit better if he actually earned the first $1000. He took a gamble with the money his grama gave him and he got lucky. Nothing really to be impressed about. You wouldn't be impressed if Dank gambled some money that he borrowed and won enough to pay back the loan and buy a mansion with 150 bathrooms. There isn't much difference. I'm not really that impressed.

The site isn't that great and paying instructors to teach people will cost a lot more than hes expecting. He is 15 years old and hasn't got a degree etc so people would be less likely to want to be taught by him. Also this type of site has been done by experts so he has a lot of competition and only a 100k investment.....very difficult.

[cryptocait]

15 years old thats awesome for him.

[boumalo]

It would of been a bit better if he actually earned the first $1000. He took a gamble with the money his grama gave him and he got lucky. Nothing really to be impressed about. You wouldn't be impressed if Dank gambled some money that he borrowed and won enough to pay back the loan and buy a mansion with 150 bathrooms. There isn't much difference. I'm not really that impressed.

The site isn't that great and paying instructors to teach people will cost a lot more than hes expecting. He is 15 years old and hasn't got a degree etc so people would be less likely to want to be taught by him. Also this type of site has been done by experts so he has a lot of competition and only a 100k investment.....very difficult.

He invested the money in a high risk/high return investment which shows that he was willing to postpone gratification and sacrifice the present for the future which is very rare for any of us; most people get what they can in the present and don't plan too much for the future because they lack the skill to sacrifice the present to enjoy more in the future

[firstblood]

Will there really be such a high value, I am looking forward to

[tidda]

I love the deal he made with his parents, if he makes 1 million before 18 he doesn't have to go to college.

"Sorry son, your business is only worth $818,000 at last valuation. Off to school with you."
"But DAAAAD....

[ShakyhandsBTCer]

It would of been a bit better if he actually earned the first $1000. He took a gamble with the money his grama gave him and he got lucky. Nothing really to be impressed about. You wouldn't be impressed if Dank gambled some money that he borrowed and won enough to pay back the loan and buy a mansion with 150 bathrooms. There isn't much difference. I'm not really that impressed.

The site isn't that great and paying instructors to teach people will cost a lot more than hes expecting. He is 15 years old and hasn't got a degree etc so people would be less likely to want to be taught by him. Also this type of site has been done by experts so he has a lot of competition and only a 100k investment.....very difficult.

He invested the money in a high risk/high return investment which shows that he was willing to postpone gratification and sacrifice the present for the future which is very rare for any of us; most people get what they can in the present and don't plan too much for the future because they lack the skill to sacrifice the present to enjoy more in the future

I wouldn't say that his investment was high risk/high return. I would say that he put money in something that he likely did not understand and happened to make it big.

[Jubettarr]

I love the deal he made with his parents, if he makes 1 million before 18 he doesn't have to go to college.

He should apply for a Thiel fellowship and if he wins use that as his excuse to skip college. Seriously, there are only something like 500 applicants, and from what I have seen so far from my interactions with them a large contingent of them are VERY interested in cryptocurrency.

[Standup4]

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.

I don't know what world you live in but things costs on the Internet are nothing compared to offline businesses. I would be comfortable launching this business with well under $10,000 and so would many others. You do not need $100,000 to start a business online.

[InwardContour]

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

I wouldn't say that he so much help build the network, but rather bought when the price was low. Him buying coins did not help secure the network in any way.

[Leina]

It would of been a bit better if he actually earned the first $1000. He took a gamble with the money his grama gave him and he got lucky. Nothing really to be impressed about. You wouldn't be impressed if Dank gambled some money that he borrowed and won enough to pay back the loan and buy a mansion with 150 bathrooms. There isn't much difference. I'm not really that impressed.

The site isn't that great and paying instructors to teach people will cost a lot more than hes expecting. He is 15 years old and hasn't got a degree etc so people would be less likely to want to be taught by him. Also this type of site has been done by experts so he has a lot of competition and only a 100k investment.....very difficult.

He took the time to learn and study bitcoin. Most people will just brush it off in the early days and called it a scam.

And he has the balls to invest in something he know and he has a vision to see the potential of bitcoin. He also has an exit strategy and know what to do with his profit.


Most of the late comers on this forum. Do they have the balls, vision and exit strategy?

[allthingsluxury]

Wow, great story. Good for him.

[CoolBliss]

I love the deal he made with his parents, if he makes 1 million before 18 he doesn't have to go to college.

He should apply for a Thiel fellowship and if he wins use that as his excuse to skip college. Seriously, there are only something like 500 applicants, and from what I have seen so far from my interactions with them a large contingent of them are VERY interested in cryptocurrency.

[mamarried]

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.

I don't know what world you live in but things costs on the Internet are nothing compared to offline businesses. I would be comfortable launching this business with well under $10,000 and so would many others. You do not need $100,000 to start a business online.

That's true when at least one of the founders is a developers. Otherwise, you need to hire them (which the kid did), and that's not cheap.

[boumalo]

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.

I don't know what world you live in but things costs on the Internet are nothing compared to offline businesses. I would be comfortable launching this business with well under $10,000 and so would many others. You do not need $100,000 to start a business online.

No but if you are in a first world country, you want talents, an office and staff you will need 50,000$ + to start