It’s many people’s dream to become rich. These 5 lucky people struck gold when they invested their money into a cryptocurrency they think will net them good profits later on.
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1. Winklevoss Twin — Bitcoin
The Winklevoss twin saw the potential of bitcoin and invested 11 million into Bitcoin in its early stages and the investment is now worth 150 million dollars! Sure, most of us don’t have 11 million lying around to invest but even starting smaller can make a difference too.
2. Tommy and James brother — Shiba Inu
April 17, 20201. Tommy and James (last name protected) woke up in New York to find that they have become a millionaire overnight. They invested in Shiba Inu coins early together with their family members.
In total, they put in $8000 and that money has since become $9 million. This is a huge relief to Tommy and James whose primary income was filming weddings before the pandemic but since the pandemic, they’ve been struggling with finances and the stimulus wasn’t helping at all.
There are now many types of Shiba inu coins. Some said Shiba Inu will continue to climb and hit $1 while others believe Floki Inu named after Elon Musk’s dog will take over as the next Shiba Inu.
3. Glauber Contessoto — dodgecoin
This 33 year old become a dodgecoin millionaire by investing early like everyone else on the list.
Contessoto took the risky route of borrowing money and using his savings to invest $250,000 into dodgecoin on February 5th and in just 2 months on April 15th that investment has made him a millionaire. However, he hasn’t sold his dodgecoin yet. He has decided to hold it hoping the price will keep climbing.
Not to worry, he does make money from sponsorships. He has a Youtube channel where he talks about crypto especially dodgecoin and brands are paying him to talk about certain crypto.
How can I get rich off cryptocurrency?
Most people who got rich with cryptocurrency do so by getting into the game at the right time.
The important thing is that many cryptocurrency today has no inherent value and basically no use. People only buy hoping to sell it when the price is higher.
You holding the coin itself is not really helpful in any sense. You can’t really use it to buy anything and if you don’t sell to convert it into your country’s currency, you can’t really do anything with it. This is why a lot of crypto millionaires get made fun of because some people believe they are just rich based on fake useless money that you can’t really call yourself a millionaire if you can’t use the money.
Anyone can get rich off of crypto. You’ll have to find the right coin, invest early, and sell when it’s high. Don’t let your greed tempt you or you might lose everything.
Some people hold their crypto longer than they should, thinking the price will keep climbing up but when the major holder of said crypto sells its coins, it’ll cause the price to fall drastically leaving someone off the millionaire throne. You won’t be able to sell your crypto as much as you once could if the price dropped drastically with no hope of recovery.
There are lots of opportunities out there, invest early, sell at its peak, repeat with other coins.
Just remember that there are risks. Don’t throw your life saving into it. Don’t pay with your bill money. Only invest the money you’re willing to lose. Do your own research before you dive into anything. No one can accurately predict the volatility of the crypto market.
