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The guy who actually bought Lambo with Bitcoins....

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Peter Saddington: The Lambo Guy

Peter Saddington of Atlanta first read about bitcoin in 2011, and bought some for less than $3 per coin. With bitcoin trading at around $7,500, the return on those early investments is around 250,000%. “I’ve never seen anything like this,” says Saddington, 35, an entrepreneur who has a bachelor’s degree in computer science and three master’s degrees. “What solidified my confidence that this is worth investing in is that the code is based on math. It can’t really be turned off.”

In October, Saddington cashed out 45 bitcoins to buy a 2015 Lamborghini Huracán, for the equivalent of about $238,000. He and the seller made the transaction in bitcoin, without using a traditional bank. The transaction fees totaled $7.50.

Saddington, who runs a cryptocurrency social network called TheBitcoin.pub, deliberately sought a supercar he could purchase with bitcoin in order to tout the credibility of the currency. “Buying the Lambo with bitcoin is proof it can be used for real transactions, buying really cool stuff,” he says. “It’s not only used by criminals.”

As for how much bitcoin he still holds, he says: “That’s for me to know and you to wonder about.”

Erik Finman : The Guy who became Bitcoin Millionaire after cutting a deal with his parents

Erik Finman has not followed the traditional path of college-bound students growing up in the United States. In May of 2011, at the age of 12, Finman struck a deal with his parents to be able to skip college in pursuit of an unorthodox education, provided he could invest successfully. The deal? He had to turn $1,000 in cash that his grandmother gave him into an impressive $1 million. Finman pursued his goal relentlessly and managed to succeed, purchasing about $1,000 worth of Bitcoin when the fledgling currency was at just $12 per coin, as well as a number of other digital currencies including Ether, Ethereum’s native token. Finman was successful in his goals, making him a self-made millionare at the age of 18.

By January 2015, Fineman had his own education company, and he sold his education company and was given the choice of accepting $100,000 or 300 Bitcoins. He took the Bitcoins. Fineman also achieved his goal of becoming an 18-year-old millionaire and won’t be going to college. He says he’s happy learning from real-world experiences. However, Fineman stays busy with numerous projects, including involvement with NASA. Those activities — and savvy business sense — feasibly helped him get where he is today.

Edward Skupien: The car transaction didnt went thru changed the fortune of this man

Edward Skupien of Sacramento also tried to buy a fancy car with bitcoin — and he’s grateful the transaction fell through.

Skupien, who is 55 and works as an executive at a Napa Valley winery, saw a friend ask about bitcoin in a Facebook post a few years ago. He researched it and began buying a few coins per month, at prices ranging from $225 to $800, until he accumulated about 80 bitcoins. Skupien had always wanted to buy an Audi A8L, and in 2016 he saw a slightly used model advertised for $50,000. Since bitcoin had fallen to around $600, that was almost exactly how much bitcoin he had. He sold all his coins to finance the car.

The owner, however, refused to make any concession on price, which scotched the deal. Skupien decided to lease a much cheaper car instead. So, what to do with the $50,000? He decided to put it back into bitcoin, even though the price had risen to $900 by then. At that price, he ended up with just 60 bitcoins — but that’s now worth more than $450,000.

Edward Skupien of Sacramento has made far more on bitcoin than he has on the rest of his retirement plan–even with a booming stock market. “I’m more than $120,000 short because I wanted that stupid car,” he says. “But by not buying that car, I made almost half a million in profit.”

Skupien had traditional investments, such as a 401(k) plan and a Roth IRA, and he put only a small fraction of his savings into bitcoin. “It was the high-risk portion of my portfolio,” he says. “But it has proven more profitable than all of my 401(k) and Roth combined.”

(Source : Google,Yahoo Finance,Investopedia)

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