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Influencer and poker player Dan Bilzerian explains how he took some sage advice from a friend and made millions thanks to cryptocurrencies.
There are several ways people get involved with cryptocurrencies. Most people do it very intentionally after doing research on stocks and prices, while others do their best to throw their hats in the ring when they hear they’re making millions of dollars. to decide.
Bilzerian is neither of those, getting involved with the currency reluctantly after winning “millions” in a game of poker. The person who owed him cash claimed that bitcoin was the best way to give him money, but Bilzerian wasn’t happy with the offer. ) $1 million (£807,000)
Relive podcast events at jackass Steve-O of the Stars, Bilzerian said: “Oh, that’s fucking bullshit. I don’t want to pay 5 percent…”
Left with few easy options to make money, influencers eventually decided to hand over transaction fees and pay in Bitcoin. He put it on his laptop and quickly forgot about it, $300 (£240)/coin at the time.
It wasn’t until years later that Bilzerian remembered his ownership of cryptocurrencies.
Unfortunately, enough time had passed that the poker player completely forgot his computer password, but he eventually managed to come back and realize he was in luck.
Rather than sell it right away, he decided to buy Ethereum and other crypto assets and rode the “wave” to make “a lot of money.”
As he continued to make money, Bilzerian received an offer from a friend to buy some more Bitcoin, to which he replied:
He told the friend to be patient, but then he received advice to get richer.
The friend said, “If you’re not a $17,700 (£14,400) buyer, you should be a seller.”
Bilzerian thought about this advice and realized, “If you don’t want to buy at a certain price, you should probably sell, and you think you’re more likely to go down than up.”
He sold when the price hit $16,500 (£13,000), getting rid of “almost all” of his cryptocurrency. Thanks to his friend’s advice, he was able to use the cryptocurrency as a way to make more money, and later bought the currency back and set it back until he sold it again for “$58,000 (£46.8,000).”
The world of cryptocurrencies is a volatile one, but Bilzerian’s reign has changed thanks to a friend’s advice. So “if you don’t buy at this price, you should sell”. do what you want
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