Bitcoin helped Joe secure his fortune but he would no longer recommend it as investors risk financial ruin
— Mined enough litecoin, Millennials, Bitcoins, Studying law, Mortgage, Aptitude, Town, Money, Counts, Bitcoin reached — 1 min read
Joe Bridge has bought two motorbikes, two boats and his first house with the $1 million-plus he made on bitcoin. The 38-year-old became enamoured with the obscure art of coin mining in 2013 while living with his parents in Paddington, in inner Brisbane. He mined enough litecoin and dogecoin to swap them for more than a dozen bitcoins. Mr Bridge ended up selling off 85 per cent of what he had, or 11 coins at $80,000 a piece, making $880,000 to buy the home, mortgage-free. He now works in IT for a finance software company, but says he doesn't recommend trying to replicate his success. He counts himself one of the lucky ones. Source