Much as we may dream about it, becoming a millionaire certainly doesn’t come easy, especially for young people – but for some it has proved possible. From blogging to Bitcoin trading, here’s how Erica Stanford achieved it - all from starting out in her bedroom, and if you take her up on some of her advice you may be on your way to become Britain’s next multi-millionaire! – Richard Quest
“I’ve not always been good with money. In fact, I've found myself in debt in the past - but I’ve always loved learning new things. I think that’s where my interest in cryptocurrencies comes from. I first heard about Bitcoin – a digital encrypted currency, which means anyone in the world with an internet connection and a smart phone can send it anywhere in the world for free – on the radio in 2009, but only ever chatted about it with mates or my dad.
"But last year, I was getting bored of my sales and marketing job and looked into blockchain (which is like a worldwide database that crypto is built on) after my friend, John, started investing in Bitcoin. Once I read that you can use it to track the ethical background of diamonds, trace stolen antiques, and find out the history of second-hand cars, I was hooked. I found it fascinating that it had all these ‘real-world’ uses
"I bought £200 worth of Bitcoin and some other new cryptocurrencies. I started playing around and buying the cheapest ones, investing about £2,000, which I stuck on credit cards. But within a few months I’d made £30,000, which I put into savings and used to pay off my debts. I remember thinking, ‘Wow this is actually proper money – I could quit my job and do this!’
"Which is exactly what I did. In September 2017, I handed in my notice to trade full time. A few people at work told me I was stupid, and I felt a bit scared on my last day, wondering if I’d actually be able to make a living out of crypto, which, let’s face it, is still pretty new. My boss kept my job open for when it ‘inevitably’ failed. That annoyed me a little, but also spurred me on be as successful as possible.
"I think Bitcoin had a bad reputation as being something people used to buy drugs and arms on the dark web, but, in my opinion, that’s like saying there’s something dodgy about using cash because people use that to buy illegal things, too.
"On the day I made my first million, I just felt panic"
"That said, all my friends were concerned, and my dad gave me the, ‘You’re going to end up homeless’ lecture – especially as I had a mortgage to pay and credit card debts to pay off. And yes, I made mistakes early on. The most expensive one was when I’d been trading a small currency for a day and made £5,000, but then the currency put my wallet into ‘maintenance mode’, so it went offline and I couldn’t cash out. I lost the lot – it was awful, and I could hear the 'I told you so’ words from my boss in my head.
"It’s very easy to lose money in crypto, and I didn’t realise that if a currency goes up very fast, it’s probably also going to rapidly go down a lot, too. I threw myself into more research to try and understand the market, find patterns, and work out the next big project to invest in.
"I’ll never forget when I first saw the numbers in my crypto wallet really start to climb. On the day I realised I’d made my first million, just a few months after quitting my job, I just felt panic. I didn’t know what to do - as in, whether to take the money and run, or invest it again. I decided to hold on to most of it, but it was like Monopoly money; it didn’t feel real. I’d seen how volatile the market could be, so I didn’t go out on a massive spending spree or tell many friends.
"I was determined to stay grounded and treat it like any other job. It might sound hard to believe, but so far my life hasn’t really changed, other than having a few more holidays. Don’t get me wrong, it does feel satisfying to pay for things like a Thailand holiday in Bitcoin.
"It can get lonely working from home. Most days, it’s just me and my cat. But I love that I’m my own boss, and, one year on since leaving my job, John and I have pooled our resources. Together we’ve made £20million. I’ve been asked to invest other people’s money - from friends to hedge funds – and that’s precisely why I have decided to help my fellow Brits by allowing people from all walks of life to follow me, take advise and start trading cryptocurrencies exactly how I do”
We had a short Q&A with the crypto lady about the "" and how it works:
Can you tell us how the "" works?
The "" software has been created using the most advanced programming the trading world has ever seen. The software is ahead of the markets by 0.01 seconds. And if you know anything about trading, you know this is a huge deal. This “time leap” makes the software the most consistent trading app on the planet.
How often does the "" make a mistake?
Not that often at all. What people are saying on Social Media is real, it’s there and it’s true, so we rarely make a mistake. Our software is already showing over 87% successful trades. This means that out of 100 trades the "" makes automatically, 87 will be profitable.
How much money can a regular user of the "" make?
It depends a lot on the money they invest and the broker they work with. Let’s take the regular user who starts with £500 and bets £20 per trade. Over 24 hours the "" will make around 200 trades based on trends on Social Media. Around 174 of the trades will be profitable, and 26 will not. This means user will win approximately £3,480 and lose around £520. Evening out to £2,960 profit in a single day. There are some small commissions added by the broker, but it’s usually less than 2%.
Has any user actually lost his investment?
No, we have never had a user who had lost his invested money. Even the worst cases we have had were always profitable in the end.
What improvements are you working on right now?
Right now we can only access information that people are publicly sharing on Social Media. Now that our userbase is expanding rapidly we will ask our users permission to access their individual Newsfeeds. This will give us even more data to work with, making it even more accurate.
Individual Newsfeeds? Is it safe to give access to that?
It’s 100% safe. We simply ask for access monitor the newsfeed using automated systems. There is no risk of us posting anything or your behalf. And besides that, no real human will be reading your Newsfeed. It’s all just algorithms looking for keywords. We take privacy very seriously and will never take any risks to harm our users.
How much will it cost to use the "" automated system?
You don’t have to be rich for using the "". You can simply start by transferring as little as £250 to this 100% safe and risk-free online bank-account and rake in profits with the click of your mouse.
What will be the effect of "" in the future?
Our evidence shows this software could create more millionaires in the coming year, than Google created the day it went public. Consider this: Back in 2013, only about 100,000 people held one of these accounts. Today more than 14 million are using this new underground banking system. The amount of money flowing in the system is growing by the day. In fact, over a year ago, roughly £100 million was parked in this underground system. Today it’s £30 billion and experts claim the market will balloon into the Trillions within the next few years.