bitcoin success stories - How a 15-Year-Old’s $1,000 Bitcoin Investment Led to Startup Success
A well-timed investment of $1,000 in bitcoin has earned a 15-year-old Idaho entrepreneur more than $100,000 and allowed him to found his own education startup.Erik Finman took $1,000 he received as a gift from his grandmother and invested it in bitcoin back in 2012, according to a report by Mashable. After holding his BTC for one year, Finman sold his bitcoins for $100,000.
Finman ultimately decided to reinvest his earnings into Botangle.com, an online video tutoring service that "allows students and tutors access to a diverse array of resources that just do not exist in a normal classroom setting", according to its official website.Notably, Finman pays his employees in bitcoin. He told Mashable that he enjoys "sharing the wealth of bitcoin", saying:
"I have no doubt it will be huger [sic] than anyone can imagine right now. Bitcoin is like the Internet in the '90s."
Early bitcoin supporter
During a question-and-answer session that he took part in last month on the Entrepreneursubreddit, Finman explained how he first came to learn about bitcoin, writing:
"I owe a lot to my older brother. He told me about bitcoins and help[ed] me get set up with 0.2 bitcoins that he gave me. And my grandmother just out of the blue gave me a $1,000 check for Easter."
He continued by saying that he accrued more bitcoins "so I can trump my brother in how many bitcoins he had", adding that he first learned about bitcoin in 2010.Luckily for Finman, he sold his stash of bitcoins when the price hovered around $1,200 per bitcoin.Though entrepreneurs may not be able to replicate Finman's success, they can learn from those who have entered the industry through more conventional in-roads. For more on how today's bitcoin startups are making gains despite the tribulations of an emerging market, read our most recent report.
Image via Mashable
source : http://www.coindesk.com/15-year-olds-1000-bitcoin-investment-startup-success/
If only my Grandma knew of Bitcoin back then as well. But she was working and getting paid in pesos. :(
:(
but not late, you can invite your grandma to steemit.. :)
just #introducingherself :)
nicely done!
crazy at this age. I was playing outside and tried to build treehouses .
yes !! maybe he found the potential #bitcoin.
#coolkidz :)
visit my new post here >> #BEAUTIFULINDONESIA | bitcoin success stories | HOT GIRLS WITH COOL TATTOS | Everything about STEEMIT
Good post. Same mindset here. Cryptos will probably go through a more extreme pattern that bitcoin went though. High ups and high downs before it becomes stable. I was researching a way to find more info about the current cryptocoins on the market. I found this great website: https://www.coincheckup.com I don't know any other site that gives such good inisghts in the team, the product, advisors, community, the business and the business model, etc. For example: https://www.coincheckup.com/coins/Bitcoin#analysis For a complete Bitcoin Report.