Click here to see the full post: http://www.chrisdunn.com/50k
Kyle Holzhauer has an inspiring story…
He began trading Bitcoin with the goal of helping to pay off his student loan debt. And thanks to hard work and trading the right methodology, he was able to start building wealth and pay off his student loans quickly.
Here’s what Kyle had to say about his experience trading Bitcoin:
“I began trading cryptocurrencies in 2013 – at the end of my college semester. I made MASSIVE mistakes, but only traded with $100.
I found your videos soon after – and kept trading with small amounts until I gained more confidence (even thought I just wanted to get right into it). I was definitely holding myself back.
I ended up making around $2700 – cashing out toward loans about a year and half ago took a couple months off – then bought back in with $480 dollars when bitcoin hit $160… with your trading and motivational videos, I was able to trade that $480 all the way up to about $50,000.”
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And A year later China bans ICO. You guys are awesome you guessed it right months before. I’m glad I did not invest in those.
I am available for interview to anyone who asks. I made 20, 000 dollars in on year from under 1,000 dollar investment. I do not have a job, and I get out of doing illegal activities because of it. Got into it from using the dark web first.
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so why not follow someone else if you trust they are good at trading ? im serious answer this question .
My son is a cop. My wife is a caretaker for an elderly woman. I am a screw machinist.They are too busy to talk to me about this. They are so wrapped up in video games and the Emmy awards, that they can’t hear me. We live week to week on very modest incomes. I know in my heart that we can do better. Even my local bank put the kibosh on my registration of the initial tiny withdraw transaction through coin bank. The powers that suck, are messing me up.
What this shows, just buy and HODL. If Kyle had done that, bitcoin was under $1, he’d have at least 480 of them, be way ahead. Trading is a fool’s game. For every one like Kyle there’s a hundred losers. Thousand. And to trade you have to be on an exchange, the riskiest least secure place in the world to hold your bitcoin. Not to mention taxes. Literally. Because you didn’t. Probably because anything held less than 1 year is taxed as short term gains at 50%. Boom, Kyle just lost $25k. More, with all the penalties he’s gonna face if he didn’t report. Which is hard, because you have to keep track of all trades yourself, bitcoin exchanges don’t automatically send tax info like Fidelity or Schwab would. Inspiring? As if. More like deluding.
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Listen to the talking hands?
Hi. Can i ask? Can i withdraw what ive bought? Example i bought a strat coin and it never rises up anymore, and i wanted to get back what i bought, but i will not sell. Can i just withdraw it? In deposits & withdraw and put it in my BTC? Thanks.
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Hey, maybe you could – or someone – answer the question, why it’s hodl? Is tht a joke?
Bet Kyle wishes he stayed in debt instead of selling that bitcoin. I know I wish I stayed in debt so I could have bought a shit ton of bitcoin.
This doesen’t sound like much LOL . Because bitcoin basically 4.2xed it’s price since 160$ a BTC @ june 2016
so 480×25 x 4.2 ? ? well that’s 50.000$ 🙂 so he only had to trade btc and make 25x more btc , then BTC did the rest against dollar . It would be much better to tell us since he had 3 BTCs at that time, how much BTC he made and that should be 70-75 . Nothing special over almost 4 years in this market !
but the thing with trading is once you doubled your money now 10% gain = 20% what would of been with your initial capital . if you 4x your money now 10% gain = 40% what would of been your initial capital . So basically once he 10xed his capital the rest was super easy
BTC is gonna hit 10,000 soon. (hopefully in 2018)
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GREAT video, but just one thing.. I live in Canada and was wondering isn’t student dept free of interest in the USA? Must be, right? So why would you even ever think about wiping that dept off with your trading profits.. The smarter thing to do would have been to continue investing that 50K ….
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Damn old but good
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I know a guy , a poor collage student who made from 2 cents over Half a milion $ in 5 years by playing poker and becoming a professional poker player . Now that’s something amazing ! 🙂
Chris and Kyle Thank you for your great inspiration since i discover Satoshi Life Changer game more in the giving stories God Blessed has satoshi will continued to improve human life mostly those who has never has an opportunity to open a bank account
Thanks for the interview and your videos, Chris! 40:00 semi-jokingly talking about bitcoin reaching $10000 by the end of the year, and now we’ere almost at $5000. 🙂 Probably won’t get anywhere near $10000, but still, the rise from around $700 to $5000 alone seems like an almost equally far out idea for the time. Where is BTC by this time next year? 😉
That just insane bro
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