Eddy Zilan invested the money he was gifted for his Bar Mitzvah in Bitcoin in 2015 when bitcoin’s price was as low as $214, and now he own about a million dollars and his own business.
He entered the market in 16 with $1,000 from savings, then invested $5,000 from Bar Mitzvah and $6,000 from summer jobs. And now he is a millionaire. How did he know? Well, there is no magic here:
“I started using analytical data, market research, reading books, articles, technical analysis, and finding out information through other successful traders,” explains Eddy. “I completely taught myself everything about the market that was necessary and I can only attribute my success to myself. I had no mentor and learned from making mistakes and a lot of research.”
Zilan leaved the bitcoin market last year and now trades in ethereum, which, as he predicts, will rise as high as bitcoin very soon.
“I hope to one day be a cryptocurrency multi-millionaire,” he says. “At this current rate, I wouldn’t be surprised if ethereum in the next couple years hits the mark bitcoin is at, meaning it would go up 20-30 times its current value. Bitcoin is just the first to break past a thousand, there will be many more to do the same over time.”
Now Eddy Zilan has his own consultancy business on cryptocurrency: he offers to “change your financial perspective forever” for $29 Monthly Membership. And these are his main advices for young investors:
“I would invest slowly and wouldn’t dump the entirety of my savings due to the markets volatility.”
“I would also look into altcoins (bitcoin alternatives) because those are the ones you see nowadays that have the largest exponential growth.”