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A Cryptocurrency Millionaire Wants To Build A Utopia In Nevada

A Cryptocurrency Millionaire Wants To Build A Utopia In Nevada

Technology |A Cryptocurrency Millionaire Wants to Build a Utopia in Nevada Wild horses roaming a patch of Nevada desert where Jeffrey Berns plans to build a community that relies on blockchain technology.CreditCreditJason Henry for The New York Times A Cryptocurrency Millionaire Wants to Build a Utopia in Nevada A man spent millions on an enormous plot of land near Reno. Now he wants to build a community based on the blockchain technology introduced by Bitcoin. Wild horses roaming a patch of Nevada desert where Jeffrey Berns plans to build a community that relies on blockchain technology.CreditCreditJason Henry for The New York Times STOREY COUNTY, Nev. An enormous plot of land in the Nevada desert bigger than nearby Reno has been the subject of local intrigue since a company with no history, Blockchains L.L.C., bought it for $170 million in cash this year. The man who owns the company, a lawyer and cryptocurrency millionaire named Jeffrey Berns, put on a helmet and climbed into a Polaris off-road vehicle last week to give a tour of the sprawling property and dispel a bit of the mystery. He imagines a sort of experimental community spread over about a hundred square miles, where houses, schools, commercial districts and production studios will be built. The centerpiece of this giant project will be the blockchain, a new kind of database that was introduced by Bitcoin. After his driver stopped the Polaris on a high desert plateau, surrounded by blooming rabbit brush and a grazing herd of wild horses, Mr. Berns, who is 56, pointed to the highlights of his dream community. You see that first range of mountains, he said, pointing south. Those mountains are the border of our South Valley. Thats where were going to build the high-tech park, a research campus that would cover Continue reading >>

How Does It Feel To Become A Crypto Millionaire And How Did You Achieve It?

How Does It Feel To Become A Crypto Millionaire And How Did You Achieve It?

How does it feel to become a crypto millionaire and how did you achieve it? Unfortunately I missed the boat several times and Im still kicking myself. When Bitcoin was still in its infancy, I never took it seriouslyuntil it was climbing past $100 bucks. I invested $10k into Bitcoin when it was around $100 dollars and sold at $1000, I ended up with $100k. Not bad, 10x return. When it went back down to $200300 mark, I should have bought more but I thought I shouldnt risk it. Now that Bitcoin is past $2400 mark, of course im kicking myself. When Litecoin and Ethereum was out, I was also keeping my eye out on them as well. A lot of people told me to get in on Ethereum when it was around a $1 buck a few years back and now its over $180 dollars. That would have been a 180x return. Another missed opportunity. While it does seem like everything is high now, I believe we are no where near the peak. Bitcoin can be worth as much as $500,000 by 2030 and who knows how much after that. So even though it seems like making millions of crypto coins is not possible anymore, I argue it certain is. Continue reading >>

The Best Bitcoin Stories From Some Bitcoin Millionaires | Coincentral

The Best Bitcoin Stories From Some Bitcoin Millionaires | Coincentral

There are a number of success stories about people who became Bitcoin millionaires. After the release of the first annual cryptocurrency wealth rankings earlier this year, a few of these Bitcoin stories became well known. Others, however, havent received as much attention. In this article, we look at a few of these Bitcoin stories to get a better idea of the various ways in which it is possible to succeed in the cryptocurrency market and become a Bitcoin millionaire. Kingsley Advani was able to become a Bitcoin millionaire at the age of 24. He did so by investing in cryptocurrencies after a friend introduced him to the industry back in 2012. Advanis process of gaining Bitcoin wealth could be considered a major risk as Advani sold his worldly possessions and took thousands of dollars of savings out of his bank accounts. In total, Advani invested $34,000 and was able to make low seven figures in just six months. Now, Advani travels the world and works in London, New York, and San Francisco with cryptocurrency startups as an advisor. Erik Finman is known as one of the youngest cryptocurrency millionaires in the world. Finman began investing in cryptocurrencies back in 2011 when the price per BTC was around $12. After he received $1,000 as a gift from his grandmother, his brother, Scott, suggested buying Bitcoin. At the end of 2013, he sold his Bitcoin holdings when the price hit about $1,200 per BTC, netting $100,000. With those earnings, he started an education tech company called Botangle in early 2014. In 2015, an investor offered to buy Finmans company. The investor gave an option between $100,000 or 300 BTC. At that time, the value per BTC was only around $200. However, Finman believed in the future of cryptocurrency and chose the 300 BTC option. By summer 2017, Finm Continue reading >>

Why Cryptocurrencies Will Make Youwealthy

Why Cryptocurrencies Will Make Youwealthy

red sports car on a grey surface near building by Matt Lamers on Unsplash Investing in cryptocurrencies is almost the same as investing in stocks. However, when you buy company shares, you buy and own a piece of the business, whereas when you buy a cryptocurrency like bitcoin, you own the bitcoin that you have bought, but you dont own a share or piece of the business. You speculate that the price of the coin will go up and you will make a profit. Nowadays, there are some altcoins that pay you just for holding them in your wallet. On the 5th of May 2013, a friend of mine, Graciano, invested his $5,000 on bitcoin. He bought 44.06839415 bitcoins for $113.46 each. I know of many other people who became millionaires by buying cryptocurrencies like Ethereum, Ripple, Waves, Stratis and Neo at their lowest prices when the projects were just starting and held on to their coins only to sell them when the prices had multiplied a hundred or even a thousand times. Another friend of mine, George, invested his $10,000 in NEO on the 9th of September 2016. He bought 55,555 NEO coins for $0.18 each. NEO pays you a coin called GAS just for holding your NEO coins in your wallet. George is still holding on to his coins and today with the price of each NEO at $19.01, his coins alone without calculating the GAS he has been earning over the years are now worth $1,056,111. Georges 55,555 NEO coins earn 14.6 GAS coins per day and with GAS at the price of $5.30 each, he earns $77.40 everyday. These are just a very small number of examples of how people become wealthy through investing in cryptocurrencies. There are some who became millionaires within a period of less than two years just by investing about $5,000. However, whenever and wherever some clever people make money, there is always peopl Continue reading >>

Ethereum Millionaires Might Be Attracting Attention From Regulators

Ethereum Millionaires Might Be Attracting Attention From Regulators

Ethereum Millionaires Might Be Attracting Attention From Regulators Just recently Bitcoin.com has been covering the ongoing case between the U.S. tax agency, the IRS and its dealings with the cryptocurrency exchange Coinbase. However, bitcoiners are not the only ones being observed by taxation officials as regulators are growing concerned about ethereum traders this year accumulating millions of dollars in gains in a pseudo-anonymous manner. Also read: The IRS Narrows Data Request to Coinbase Users that Transacted For $20,000 ETH Trader Tells the Public He Netted Over $200 Million in Gains This Year According to a recent report from Bloomberg, a cryptocurrency trader started bragging online that he made a cool $283 million by investing $55 million into ethereum. The pseudo-anonymous trader revealed his ETH address showing the public his 413 percent profit accumulated this year. I get many private messages asking how much ether I have, explains the ethereum trader. One of the cool things about Ethereum is that all wallets around the world are transparent and open for everyone to see. And this is my wallets savings. The trader is not the only one who has made considerable gains this year as ethereum tokens were roughly $10 per ETH back in January and now are priced at $190. The cryptocurrency also hit an all-time high of $425 per ETH just a month and a half ago. According to Bloombergs statistics, there are a lot of individuals who invested in ethereum and became millionaires in just a short period of time. The publication and the financial news outlet Zerohedge suggests that nobody knows who to tax when it comes to these profits. There are a few well-known figures whove detailed publicly they have made quite a bit of profit off the cryptocurrencys rise in value. For ins Continue reading >>

China's Crypto Millionaires Are Using Bitcoin To Buy Real Estate Abroad - Coindesk

China's Crypto Millionaires Are Using Bitcoin To Buy Real Estate Abroad - Coindesk

The chives growing in one crypto tycoons California mansion carry a hidden message. Guo Hongcai, a beef salesman turned early bitcoin adopter from Chinas Shanxi province, is one of many freshly minted millionaires funneling parts of their wealth out of the country by purchasing real estate abroad. In April, Hongcai sold 500 bitcoin in the U.S. then used that money to buy a 100,000-square-foot mansion in Los Gatos, a 90-minute drive from San Francisco, California. His Rolls-Royce, also purchased with the fruits of bitcoin arbitrage, sits in the driveway close to a small chives garden. Its very normal to sell bitcoin in the U.S. After selling bitcoin, you can just buy anything you want, he told CoinDesk. Guo calls this secondary residence his Mansion of Chives, because the vegetable is also Chinese slang for crypto investors who prove vulnerable to big sell-offs. As Chinese regulators clamp down on industry business on the mainland, crypto millionaires are turning to foreign real estate markets to diversify their holdings. Some purchase property directly with crypto, others like Hongcai use bitcoin to gain foreign currencies without going through a bank. The founders of the U.S. crypto real estate startup Slice told CoinDesk roughly one-third of their prospective users hail from Asia, figures which include Chinese investors seeking tokenized property rights through Hong Kong securities brokers. According to the South China Morning Post , real estate purchased in Hong Kong doesnt require the same taxes and documentation as other financial assets held abroad. Chinese investment in foreign real estate , often through Hong Kong brokers, has been rising for years. Now early bitcoin adopters are utilizing new wealth for familiar patterns. The requests we have from them start a Continue reading >>

Lambos, Bling And Mansions What Purchases Do Crypto Millionaires Make

Lambos, Bling And Mansions What Purchases Do Crypto Millionaires Make

Lambos, Bling and Mansions What Purchases Do Crypto Millionaires Make Ever wondered what you can spend your cryptocurrency on? Cointelegraph unpacks some of the most outrageous things you can buy with crypto. From Bentleys to islands heres what you could buy if youre a crypto millionaire One of the most hotly debated topics around cryptocurrencies is what people can actually purchase with Bitcoin and its altcoin brethren. With Bitcoins 10th birthday just around the corner, it's worth taking a look at some of the most outrageous and expensive things people have been able to purchase with BTC. We have certainly come a long way since the infamous Bitcoin pizza incident, where Laszlo Hanyecz ordered two pizzas from Papa Johns for 10,000 BTC back in 2010. It goes to show how much progress has been made in eight years especially when you take a look at how much youd pay for those same two pizzas with Bitcoin today . Given the gradual rise in value of Bitcoin over the years, early adopters who got their hands on substantial sums of the cryptocurrency found themselves with an incredible amount of wealth in the last two years. Some may have sold their Bitcoin, while others have adopted the hodl mantra. Nevertheless, as the popularity of cryptocurrencies has increased, people have been open to selling real-world assets from cars to islands for a slice of the proverbial crypto pie. Let's explore the wide variety of worldly possessions people can buy with their hoards of cryptocurrency. Any crypto enthusiast is familiar with the phrase When Lambo , as the luxury vehicle has become somewhat of a cult icon for crypto-made billionaires, who have bought the sports cars with their crypto-wealth. While a Lamborghini may be the goal, people have been able to purchase a wide variety of ve Continue reading >>

I Made Over $10,000,000 From Ethereum Ama. : Ethtrader

I Made Over $10,000,000 From Ethereum Ama. : Ethtrader

Welcome to /r/EthTrader | Foundation Tip Jar | Rules | Policy | Mod Logs | Vote Tracking | News Timeline | Education | Comments RECDAO is a meta-community that seeks to provide Ethereum-based tools for improving how we use Reddit. Pre-register and then register your Reddit username on the Ethereum blockchain, vote in the dao, and be awarded community tokens based on your karma in community subs. Please see the FAQ for more details. TECHNICAL ANALYSIS FUNDAMENTAL ANALYSIS DISCUSSIONS DAPP DISCUSSIONS NEWS DAPP NEWS SCAMS WARNINGS TOKEN WARNINGS SECURITY RELEASE DAPP RELEASE EXCHANGES ADOPTION DAPP ADOPTION SENTIMENT STRATEGY METRICS MINING EDUCATIONAL MEDIA LEGACY DAPP ERC20 TOKEN AUGUR ALTETH ALTCOINS COMEDY SUPPORT TOOL You can correct inaccurate link-flair assignments by typing "[AutoMod]" along with the flair name in a top-level comment, e.g. [AutoMod] DAPP-NEWS. All flair names are capitalized, e.g. use [AutoMod] EXCHANGE instead of [AutoMod] Exchange. Two word flairs require a hyphen in between them. Requires 100 comment karma and 1-month account age. If this feature doesn't work, please message the modmail . Continue reading >>

How Bitcoin, Ethereum And Cryptocurrencies Helped Me Retire Before The Age Of 30.

How Bitcoin, Ethereum And Cryptocurrencies Helped Me Retire Before The Age Of 30.

The Hype Around Bitcoin and Ethereum (Ether) I explain why everyone is so excited about Bitcoin and Ethereum and what makes them disruptive forms of investments. A simple overview on Bitcoin and how it works. A comparison of the pros and cons of Bitcoin and Ethereum. Why cryptocurrences are the biggest innovation since the Internet. Why Bitcoin, Ethereum, and Cryptocurrencies Could Make You a Millionaire? An overview on the growth rates of cryptocurrencies and how much money you could have made if you started investing early. How to Start Investing in Bitcoin, Ethereum, and Other Cryptocurrencies What websites and exchanges to use to buy Bitoin, Ethereum, and alt coins, plus free $10 worth of Bitcoin. Useful Resources to Learn More About Bitcoin, Ethereum, and Cryptocurrencies Additional books and websites to read to learn more about Bitcoin, Ethereum, and cryptocurrencies. 2019 Diary of a Made Man Limited, 22 Northumberland Road, Ballsbridge, Dublin 4, Ireland Diary of a Made Man Limited is not providing individually tailored investment advice and is not taking subscribers personal circumstances into consideration when discussing investments in ICOS. Diary of a Made Man Limited is not registered to provide investment advice and are simply providing an opinion, giving their particular experience, when discussing ICOS. Information contained herein is not an offer or solicitation to buy, hold, or sell any security. Diary of a Made Man Limited is not a broker-dealer or financial adviser and is not affiliated with an investment advisory firm. Diary of a Made Man Limited does not engage in activities that would require such registration. Diary of a Made Man Limited and/or any companies affiliated with Diary of a Made Man Limited, are not responsible for any gains or losses Continue reading >>

21-year-old Ethereum Investor Turns $2,000 Into $1 Million In Four Years

21-year-old Ethereum Investor Turns $2,000 Into $1 Million In Four Years

21-Year-Old Ethereum Investor Turns $2,000 Into $1 Million in Four Years 21-Year-Old Ethereum Investor Turns $2,000 Into $1 Million in Four Years Cryptocurrencies allow anyone in the world to make a lot of money over time. All that is required is some initial capital, a lot of patience, and not falling for novice trader mistakes. That is all easier said than done, but Jordan Travers has showed it can be achieved. Jordaninvested US$2,000 into Ethereum four years ago and has seen his investment grow to over US$1 million bydoing absolutely nothing. Another Young Millionaire Is Created Thanks to Ethereum People who invest in cryptocurrencies at opportune times will often reap the rewards in just a few years. Speculators who purchased Bitcoin in the very early days are now sitting on multi-million dollar investments, with itsvalue continuing togo up as time progresses. However, Bitcoin is not the only cryptocurrency worth investing in these days, since Ethereum hasalso provento be a lucrative endeavor. Jordan Travers explained to the world how he turned US$2,000 into slightly over US$1 million. This investment resulted in a nice financial gain over the course of four years. This is especially true when considering how Travers did not haveto do anythingto amass his fortune. All he did was purchase Ethereum at a cheap rate, store the balance somewhere safe, and watch the total value go up over time. Travers is only 21 years old today, andhe made a solid investment for the future. Buying Ethereum at a time whenthe project was still in its ICO phase judging by the time period presented in the original article was a risky decision. Ethereum couldhave fallen flat and lost all of its value duringthosefour years. Despite some of the glaring flaws the ecosystem presents, its value h Continue reading >>

Five Epic Crypto Millionaires.

Five Epic Crypto Millionaires.

The cryptocurrency market, fortunately, or unfortunately, seems to have the power to set the minds of many to dream of becoming millionaires. Fortunes have been made by youngsters overnight like never seen before, well-accomplished investors who end up in the Richest People In The Cryptocurrency List by Forbs. I have selected FIVE seriously EPIC crypto millionaires. Some stories have happy endings others not so much, to show that we may all be tempted to navigate the world of cryptos without much diligence, like a game of luck, in the name of becoming rich! But we should know cryptocurrency is serious business, and I hope this blog post inspires you to make the best of your own crypto journey. Charlie Shrem age 28 born on November 25th, 1989, an entrepreneur born and raised in Brooklyn, New York, Syrian-Jewish descent. I was, like, 22 years old, I had half a million dollars sitting in the bank. I had no expenses. Life was great.- Charlie Shrem He is a co-owner of Erv, a gastropub well known in Manhattan one of the first places to start accepting bitcoin. Shrem founded the Bitcoin Foundation to promote the development and updates of BTC, co-founder of BitInstant which was shut down on January 2014. Shrem graduated from Brooklyn College in 2012 with a Bachelor of Science in Economics and Finance. Charlie is a convicted felon, turned himself in on March 30th, 2015 and was released in June 2016, for aiding and abetting the operation of an unlicensed money transmitting business called Silk Road, a BitInstant client and an illegal marketplace in the dark web, ordered to forfeit 950,000. Charlie overcame all of this and is living to tell his story to help others. If you would like to read the outcome of his entire crypto journey including his prison time you might want to che Continue reading >>

Bitcoin (btc) Is

Bitcoin (btc) Is "dead," Says Crypto Millionaire - Ethereum World News

Share on Facebook Share on Twitter Share on Reddit Erik Finman, The Teenage Bitcoin Millionaire Erik Finman is likely a name you have heard in cryptos lore. If this name doesnt ring any bells, heres some background on this near-mythical figure in Bitcoins history. As revealed in a Buzzfeed News video posted on Youtube, which has garnered 5.94 million views in its one and a half year lifespan, Finman was formerly an average American adolescent with dreams of grandeur, and an unbridled hate for college. Due to his hate for higher education, his parents decided that he wouldnt have to attend college, only if he was worth $1 million by 18. So, when $1,000 was given to Finman by his grandmother to start a college fund, the then-tween decided to play his cards in a risky manner. This, of course, was an all-in allocation into Bitcoin ( BTC ), valued at ~$2.5 a piece at the time of purchase. Speaking with Buzzfeed, Finman , who currently resides in a lofty New York high tower, divulged the reasoning behind this unique investment. He explained that prior to his grandmothers gift, his brother, who also saw $1,000 come his way, had begun to dabble in cryptocurrencies. The now-early-stage adopter followed suit, finding interest in cryptocurrencies, and, as is now ingrained into the internets immortal stone, purchased 403 BTC. With the funds he garnered, which reached a maximum valuation of $8 million in late-2017, he has since purchased a flashy apartment block in New York, one of the worlds most expensive housing markets, and funded and participated in a number of innovative startups, including a satellite-centric project most recently. From what Ethereum World News can gather, Erik has not divulged how much BTC he has sold, at which price, and subsequently, how much he has direc Continue reading >>

Survey: Two-thirds Of Global Millionaires Invested Or Planning To Invest In Crypto

Survey: Two-thirds Of Global Millionaires Invested Or Planning To Invest In Crypto

Survey: Two-Thirds of Global Millionaires Invested or Planning to Invest in Crypto Despite the historic price volatility and risk associated with investing in Bitcoin and other top digital assets, high net-worth individuals around the globe appear to be in favor of cryptocurrency. According to a new survey conducted by the Dubai-based financial consultancy firm deVere Group, 68% of the worlds millionaires are already invested in cryptocurrency or plan to do so within the next three years. The deVere Group controls more than $10 billion in assets, with a client base of over 80,000 spread across the globe. deVere Group (@deveregroup) May 3, 2019 From the survey, deVere reports that more than two-thirds of individuals with assets valuing greater than 1 million British pounds (GBP) (the equivalent of $1.3 million), have either invested in Bitcoin and other high-profile cryptocurrencies, or report the strong intention of doing so by the end of 2022. deVere collected responses from over 700 of its clients, ranging from the U.S. to Australia, to conclude that wealthier individuals, as a whole, are betting on the future of cryptocurrency and digital assets. The reports is somewhat in contrast to other surveys, which have found cryptocurrency investing to be disproportionately concentrated in younger and lower net-worth individuals, with the assumption being the extremely high risk/reward proposition of digital assets is attractive to this group. Now, deVeres newly published data gives some indication that the investment base for cryptocurrency is broadening, with high net-worth individuals more likely than not to be actively investing in digital assets. Nigel Green, founder and CEO of deVere Group, claimed that cryptocurrency has sparked significant interest in wealthier clien Continue reading >>

Top 5 Young Crypto Millionaires: A Crypto Market Review

Top 5 Young Crypto Millionaires: A Crypto Market Review

Top 5 Young Crypto Millionaires: A Crypto Market Review The crypto industry is relatively young yet the list of people in this growing sector that have already made their millions is getting longer by the day. Some names on this list are pretty young, too. Heres our rundown of the top 5 young crypto millionaires, to date. As a child, Vitalik had a strong interest in the exact sciences: mathematics, programming, and economics. At the age of 10 he created his own computer game. In 2011, he learned about Bitcoin, and, despite being skeptical at first, he started to immerse himself into the world of crypto and wrote analytical articles on the subject. At that time he became co-founder of Bitcoin Magazine, where he also published his articles as a writer. However, over time Vitalik started to realize that Bitcoin had inherent limitations and decided to make his own blockchain. At the end of 2013 he wrote a White Paper for his Ethereum platform, which was to be based on smart contracts. Its token, Ether (ETH), is at time of writing the second biggest cryptocurrency in the world by market capitalization. Claim to fame: Co-founders of Winklevoss Capital and Gemini These twin brothers first got into the public eye during their court case against Mark Zuckerberg, where they claimed that he stole their idea for Facebook. As a result of the settlement agreement, reached in 2008, the twins reportedly received $65 million. A few years later, they invested a big part of that money into Bitcoin. In December 2017, when Bitcoin reached the lofty price of $11,700, they officially became not just young crypto millionaires, but young crypto billionaires! Claim to fame: Block.one CTO, co-founder of BitShares, EOS, and Steemit A graduate of Computer Science, Daniel Larimer became interested Continue reading >>

I Invested All My Spending Money In Ethereum (and So Did My Friends)

I Invested All My Spending Money In Ethereum (and So Did My Friends)

I Invested All My Spending Money in Ethereum (And So Did My Friends) College students in computer science programs are obsessed with cryptocurrency. The excitement was contagious when the price of the ethereum doubled a few weeks ago. I got a flurry of messages from my college friends, and together we watched the price climb. It was good timing for me. I had just put all of my spending money into ethereum. When my friend Arturo first pitched me cryptocurrency a few months ago, the phrase that won me over was, "Money is freedom." I was studying in Spain at the time, and what was an overdue catch up between friends snowballed into a transatlantic business call. In hopes of striking it rich, my friend put all his savings into ethereum and urged me to follow suit. I thought of the $5,000 student loan looming after I graduate. With this in mind, I found my friend's argument particularly compelling, and some pocket money would be nice, I thought. So I went off to do some research. My parents added $900 to my bank account, which was spending money meant to last me the whole semester abroad. Within a week, I had invested $700 of it into ethereum. I knew a bit about bitcoin, but had never even heard of ethereum. I started clicking around and soon found myself deep in an internet spiral. I was obsessed, trying to figure out the ins-and-outs of smart contracts , the various players in the Ethereum Enterprise Alliance , and what the skeptics had to say about it. I had my doubts after reading the arguments on possible security issues and community disunity after the DAO hack . Like any investment, there are risks. But ethereum has demonstrated consistent growth over the last year, growing more than 2,000 percent since February. With success stories of overnight millionaires bulleti Continue reading >>

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