How, at age 26, I made enough money for a $179,000 car in just 4 months on the Bitcoin crash
Have you heard about Bitcoin? You probably have. Huge amounts of money are being made on this cryptocurrency. But not just anyone can afford to buy it to make money on its exchange rate. “Mining” is also pretty costly. But I’ve found the answer!
Over the course of seven years, Bitcoin’s value has multiplied 879,999 times. If an investor had decided to spend five dollars on about 2,000 Bitcoins back then, that stake would be worth $14.4 million today. With $1,200 spent on some 480,000 Bitcoins, the investor would be worth at least $3.5 billion today.
At first, Bitcoin didn’t really catch on, and it was solely the domain of the early adopters. There were very few businesses which accepted bitcoin as a payment method, and it was something which was almost frowned upon by most governments. As more and more businesses and governments accepted bitcoin, it gradually went up in value, more and more people were starting to embrace the idea of a decentralized currency, and as more people jumped on board, the price began to rise. Since the beginning of the year 2017, the value of Bitcoin spiked after gaining legitimacy in countries like Japan.
The main advantage of bitcoin is that it is decentralized – meaning, there’s no central bank or government which controls it. This freedom is the main reason why Investors have come to see the currency as something of a safe-haven-asset in a problematic geopolitical world — and there’s been plenty of that in recent months in Europe, Russia, Brazil and the United States. There is also an additional advantage in Bitcoin – there is a mathematical limitation to the number of Bitcoins that can be created, which means – no printing money, so the rules of economy work perfectly. Where there is a limited supply of something, and the demand goes up, the price goes up along with it.
Wences Casares has been called Bitcoin’s “patient zero” by the Silicon Valley elite. He got Bill Gates, Reid Hoffman, and countless other luminaries into Bitcoin at gatherings of the rich and famous such as Sun Valley.
The Argentinian-born Casares has founded an internet service provider, a video game company, and a bank, plus he sits on the board of PayPal, but it’s Bitcoin that Casares says he’s dedicating the rest of his life to, and he now runs a startup called Xapo that stores Bitcoin. At a dinner organized by the cryptocurrency policy group Coin Center in New York last night, Casares delivered the keynote speech, including some advice about how to get into Bitcoin.
The formula, according to Casares? Take 1% or less of what you own, buy Bitcoin with it, and then forget about it for at least the next five years; ideally the next decade. “You either lose one percent of your net worth, which most people can take, or you make millions.” he told a room of cryptocurrency advocates at the Westin in Times Square.
Binary options are a revolutionary way of earning in the financial markets, which is very straightforward, quick, and extremely lucrative. You probably know what financial markets are venues where currencies, such as the dollar, the euro, or the pound, are are traded 24/7, i.e. with no breaks or days off whatsoever.
What you need to do is just open a free account on a binary options website (a broker website), then make a deposit, select an investment amount and predict where the price (for example, the US dollar exchange rate) will go in a few minutes or hours.
There are only two options available: High or Low. The trade may last for any time from 1 minute to 3 hours (the expiry time), and you may select any time frame in between. If your prediction is correct, your investment amount is nearly doubled; if it is wrong, well, you just lose your investment amount.
So, this will actually be your job if you follow my instructions. This is called ‘trading’, and a person who works in such a way is called a ‘trader’. As a trader, you can work any time wherever you are, all you need is a computer with stable internet connection. As you see, it’s pretty straghtforward, even a 10-year-old would understand how it works!