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A Man Invested His Life Savings in Bitcoin and Other Cryptocurrencies and Now he is a Millionaire

According to Business Insider, It all started in the summer of 2017, when a 24-year-old man called Kingsley Advani sold all of his personal possessions, withdrew his life savings from his bank account and invested all his money in different cryptocurrencies. Advani was aware of the liquidity and volatility of the cryptocurrency market and he knew it was going to be a once in a lifetime adventure, so he literally invested all he had in it and, luckily for him, the net value of his investments rose to seven figures in only six months. In October last year, Advani left his office job and started traveling the world as a startup advisor and angel investor.

He is currently living between London, San Francisco and New York, where he had meetings and performs research of the blockchain startups. When it comes to the inherent opportunities offered by the digital currencies based on the blockchain technology, Advani said: “I think that in no other moment in human history, people in their twenties had the opportunity to invest in assets with such a high growth rate.”

The young millionaire admitted he got interested in the cryptocurrencies for the first time when he heard about the blockchain technology. During 2012, an acquaintance introduced him to bitcoin, a completely decentralized currency that supported pseudo anonymous payments triggered by the blockchain network. Advani had a clear vision of the full potential of the presented technology and decided he would invest in it one day. He said: “It is like a rebellion against the traditional finances. There is no need for centralized banks to send money. You have these extraordinary techniques to send and receive money through cryptography. Unlike transactions with traditional banks, it is faster, cheaper and more secure.”

With a strong desire to enter the cryptocurrency world, Advani started reading ICO whitepapers and spending most of his free time researching the cryptocurrency markets, all the while saving as much as he could each month from his paycheck at a software company he worked for: “I waited for that paycheck each month, and I invested immediately.” In the end, his efforts paid off.

This crypto enthusiast made a fortune from his early phase of investing in startups from universities such as Stanford, Massachusetts Institute of Technology, Cornell and others. This highly respectable institutions normally used high-speed blockchain networks to continue with the development of the technology.

Advani quit his job in a software company in October last year and now he is flying around the world and advises blockchain startups, while moving around his money between sustainable project based on the blockchain technology. He said: “I have decided to optimize my time in front of the computer, because it is the easiest way to get upset. I order my food online. I am not going shopping for groceries, because I think it is a waste of time. I try to live in a “bunker” as much as possible.”

He firmly believes he became successful partly because he mastered the art of concentrating on the most important things and thus ignoring the irrelevant ones.

Advani does not read news about bitcoin and other cryptocurrencies. Instead, he spends most of his time reading the latest research articles about the blockchain technology and the potentials of the virtual currencies.

Despite all the advantages of the cryptocurrencies, the fact that we are talking about unstable and highly liquid assets remains. Thus, investing in cryptocurrencies is not recommended for everyone. As Advani said: “Invest only what you can afford to lose.”

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