This Portuguese man made 50,000 on bitcoin. There are more like him
They accept they may lose money to join the digital currency euphoria in search of quick profit. That is the case of João Rosas, who made 50,000 euros in four months. But there are more like him.
Bitcoin is like the EuroMillions: it creates a little eccentric every week. The latest lucky one was João Rosas, 28, who last Monday cashed in a small investment in the famous digital currency made in August. In less than four months, that investment turned into a profit of 50,000 euros. “It was already a lot of money and the volatility was affecting me psychologically”, this amateur trader from Carcavelos tells ECO.
Investors like João Rosa put money into digital currencies because they do not want to miss the train… They risk losing everything they put in, aiming to make an easy profit. In other cases the bet comes because there is potential in the technology underlying cryptocurrencies that they believe in: the blockchain.
AI translation from the Portuguese. First published in ECO on 18 December 2017.