5 Bitcoin Millionaire Stories South Africans Need To Read Today Before Investing

Everyone is talking about Bitcoin as we begin 2018. But even more people are wondering if it’s TOO LATE for them to get started in cryptocurrency. And if there is still time to invest, the next question is how and where?

While Bitcoin investing can be intimidating for those just getting their feet wet, there are several tips that newcomers can use to maximize their chances of success.

And there is no better way to learn than from these 3 sensational stories.

  1. This high-school dropout who invested in bitcoin when he was 15 years old is now a millionaire at 18.

Erik Finman is a boy from a small town in Idaho, USA and he made the bet of a lifetime with his parents. At 15 years old, he received $1,000 USD from his grandmother before she passed away. Most people, regardless of age, would probably spend $1,000 instead of investing it in something like Bitcoin. After investing, he also made a bet of a lifetime with his parents that if he became a millionaire by 18 years old, they wouldn’t force him to go to college. Well with some savvy investment decisions, Erik Finman is one of the youngest Bitcoin Millionaires in the space.  He also later founded his own startup called BoGangle, an online education company that allows students to find teachers over video chat.

  1. The man that threw away 7,500 Bitcoins (currently valued at $125 million USD).

James Howell is an IT worker living in the United Kingdom who began mining bitcoin on his personal laptop back in 2009. He eventually stopped mining in 2013 where he began to sell parts of his laptop on eBay. But he kept the hard drive where the coins were stored just in case Bitcoin became valuable one day. While cleaning his home in 2013, he mistakenly put it into a waste bin where it ended up at his local landfill in Newport, South Wales. Now, with Bitcoin's value hovering just above $15,000, according to digital-currency website Coindesk , Howells' 7,500 lost bitcoins are worth more than $120 million.

  1. 10,000 bitcoins bought 2 pizzas back in 2010 – and now it’d be worth $155 million USD

Back in 2010, a developer named Laszlo Hanyecz offered to pay 10,000 Bitcoins for 2 large pizzas. This transaction is famously known through the cryptocommunity as the first real world transaction used with the coin took place on May 22 and is officially known as Bitcoin Pizza Day. Today, 10,000 bitcoin would yield $155 million USD. We really hope that Laszlo kept some bitcoin after this famous transaction.

In conclusion, we hope that you make the best decisions when making your journey into cryptocurrency. Remember to never throw away an investment and believe in future technology when the opportunity comes.

We loved hearing this article so much and thank the Daily Report for all their advice, here is a gift from us!

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