Interesting Cryptocurrency Stories: Paid the House Loan

New stories have been added to the interesting cryptocurrency stories that emerge every day. Those users spoke to Milliyet.

According to the report of Cihat Aslan from Milliyet, users who earn 1 million TL or more in cryptocurrency exchanges do not want to attract the attention of the Treasury or FCIB and speak out because they are afraid of revealing their identities. In this article, cryptocurrency investors, who do not want their names to be used, told their stories.

Those Who Learned From 2017

KM and two of his friends, who live in Ankara, decided to enter the cryptocurrency exchange in 2017. Stating that they started their investment and bought coins after seeing the rise of cryptocurrencies, KM said, "We increased the money we invested 20 times in a period of 5-6 months." KM continued as follows: "There was such an upturn as if it would never end. As we saw that our money increased, we started to load more money into the system. Even though there were small decreases, it started to rise again after a short while. One day we were thinking 'you are rich' and one day the decline started. Half of our money was gone. We were never afraid they would rise again anyway. But the decline took months. Eventually we lost 90 percent of our money. We have come across a bearish period in the cryptocurrency market. When the coin prices crashed, we collected as much as we could from the bottom. Because we knew it would rise again. With the start of the increase period again in 2020, we started to make money again, and we withdrew most of our money during this period when prices peaked in 2021. Now we have money in our pocket to buy a house and a car. If we didn't learn from 2017, we wouldn't be able to win today. " ÇM, who lives in İzmir, stated that he started to invest in cryptocurrencies with the insistence of his friend, “I bought the first 10 thousand TL coin eight months ago. After seeing my earning, I made another 4 thousand TL purchase this time. In a period of eight months, I made about 500 thousand TL. But during this period, there have been countless decreases and as many increases.”

"This Market Is Very Different ..."

ÇM continued as follows: "One day half of my money was lost by a drop, and another day I saw that my money increased 2-3 times. Every time I lost money I was stressed. This market is very different. It is possible to multiply your money by 10 at a time, or to lose all your assets. If my friend hadn't helped me, I probably would have lost all my money. I am thinking of withdrawing all my money in 2-3 weeks. "

"Cryptocurrency Means Luck and Risk ..."

DG explained that he and his wife built a house in Izmir, the city where he was born, with the money he earned from the crypto exchange. DG, who will settle in his house in the upcoming period, told the story of the cryptocurrency with the following words: "Cryptocurrency means luck and risk. I knew these two factors and entered the market. Luck was on my side. I earned 500 thousand TL with 50 thousand TL investment in two years. If I entered the market two months before the date I invested, that money would be a million dollar, but I was not on time. Of the 500 thousand TL I earned, I built a house in the village of Izmir for 350 thousand, and I will buy a car for the remaining 150 thousand TL. This investment has been a great chance for me. Normally, I could buy neither a house nor a car in two years with my salary. In the same period, I gave investment advice to a friend of mine, and he won, he paid his existing debts. "

Home Loan Paid

Nazım K., who works in the textile business in Bağcılar, also said that he met cryptocurrency in August last year. Stating that the first reason to start the crypto exchange was to pay for the kitchen expenses, but he raised the bar over time, Nazım K. continued: “I heard about cryptocurrencies in August last year. Though I've heard of ‘bitcoin. At that time, I read the book "The road to collapse". At the end it was saying "The money of the new age is digital money: Bitcoin". I was already in debt. I took a loan of 4 thousand TL. I sacrificed that money to learn this job. I was already in debt. I couldn't pay it off with my salary. My situation was also clear due to the pandemic. There is a bear and bull market. When I entered, it turned out that I was at the very end of the bear season. I lost but I was patient. My total investment was 8 thousand TL, I increased it to 20 thousand dollars in 7-8 months. I had loans, home debt. I paid my loans to banks. People want to invest now and get rich quickly. But it is not that easy. My current goal is to earn a minimum of $ 50,000 at the end of the year.”