1
194
Iron
- Joined
- Apr 24, 2025
- Posts
- 5
- Reputation
- 11
To start of a few things about my situation and my family background
- I am currently 18 years old and turning 19 this year
- My dad earns above average income(Germany) and my mom does not work
- I live in Germany and attend the highest form of education
- I am the oldest of 2 kids and 4 grandkids ( important for inheritance)
How it all started
When i was 13 years old I got confirmated and it is usual to get an amout of $1k up until $5k as a gift in Germany. Because I am upper class I got around $2,5k cash beside my material presents. Because I was only 14 and Corona just started I had nothing to spend my money on, besides video games which my parents did not allow. Because I knew my father had stocks I asked him if I can have stocks aswell. He said yes and he could buy them for me if I gave him the cash. I had some left over cash because I bought a PC and it was cheaper then I calculated it.
First investment
My grandfather suggested me to buy shares of a german electricity supplier, E-ON
I spend $3k on around 300 shares. I have not sold them until now and are up 75%, which marks an ROI of $2250
Second Investment
I cut the lawn for mutiple elder people in the neighborhood and did that kind of stuff to pull in around $300 per month. I did not like that the stock markets were closed at certain times so therefore my father told me i should buy crypto currencies. Which I did at May 13th 2020. I spend $300 on BTC at a price of $8788. I kept this going for almost a year and had after around one year a wallet worth of $20K. I cashed out around $12K because I wanted to buy loads of new stuff with my new money. I parents did not allow it and I could only spend around $1000 and was left with $11K.
Third Investment
At an almost absolute low of approximately $30 I got into solana and experienced a 700% ROI. At the end of 2021 I was left with around a wallet that contained almost $100K. This was at the age of 15. The markets crashed and I sold almost all of my SOL so therfore i only lost around $25K during the crash.
Bear Market 2022-2023
During the bear market I focused on staking most of my networth for decent APR and did some airdrop farming. Due to high staking rewards and my high leverage. I mainly used the Solana network due to my preferences to the coin compared to BTC/ETH. Due to my high activity on the network I was able to buy a few SOL for prices below $10 up to $20 for almost a year which left me with 2500 SOL at the end of 2023.
Bull Market 2024
I also was heavily invested in the JUP token and got around $90K from a single airdrop in 2/2024. For most of 2024 I did nothing with my walltes at all because I wanted to stay over a 365 day period of time so my earnings do not need to be taxed. A small part was used on my learning of creating smart contracts which I was able du sucessfully create and earn around $2K per month passively. I late October I started to get into Memecoins due to TikTok and some friends. I do not promote this kind of gambling and know that I just got lucky with it. But I got addicted to it and out of pure luck I was abble to turn $50K into almost $450K.
This left me with around $950K in crypto currencies to this day.
The last $450K are inherited, but I did not use them to leverage any of my crypto trades and did only find out about them half a year ago at my 18th birthday.
The moral of the story is that I mainly got lucky even though I have a very deep understanding of crypto currencies and are capable of 3 programming languages. With the help of ChatGPT I am able to almost code in any given language. This is not a guide for you to follow, more a reminder for you that you can achieve the same things I did at only 18 years.
If there are questions please ask them, I am sure I left out a lot of stuff that did not seem important for me. Also sorry for my english I am not native
- I am currently 18 years old and turning 19 this year
- My dad earns above average income(Germany) and my mom does not work
- I live in Germany and attend the highest form of education
- I am the oldest of 2 kids and 4 grandkids ( important for inheritance)
How it all started
When i was 13 years old I got confirmated and it is usual to get an amout of $1k up until $5k as a gift in Germany. Because I am upper class I got around $2,5k cash beside my material presents. Because I was only 14 and Corona just started I had nothing to spend my money on, besides video games which my parents did not allow. Because I knew my father had stocks I asked him if I can have stocks aswell. He said yes and he could buy them for me if I gave him the cash. I had some left over cash because I bought a PC and it was cheaper then I calculated it.
First investment
My grandfather suggested me to buy shares of a german electricity supplier, E-ON
I spend $3k on around 300 shares. I have not sold them until now and are up 75%, which marks an ROI of $2250
Second Investment
I cut the lawn for mutiple elder people in the neighborhood and did that kind of stuff to pull in around $300 per month. I did not like that the stock markets were closed at certain times so therefore my father told me i should buy crypto currencies. Which I did at May 13th 2020. I spend $300 on BTC at a price of $8788. I kept this going for almost a year and had after around one year a wallet worth of $20K. I cashed out around $12K because I wanted to buy loads of new stuff with my new money. I parents did not allow it and I could only spend around $1000 and was left with $11K.
Third Investment
At an almost absolute low of approximately $30 I got into solana and experienced a 700% ROI. At the end of 2021 I was left with around a wallet that contained almost $100K. This was at the age of 15. The markets crashed and I sold almost all of my SOL so therfore i only lost around $25K during the crash.
Bear Market 2022-2023
During the bear market I focused on staking most of my networth for decent APR and did some airdrop farming. Due to high staking rewards and my high leverage. I mainly used the Solana network due to my preferences to the coin compared to BTC/ETH. Due to my high activity on the network I was able to buy a few SOL for prices below $10 up to $20 for almost a year which left me with 2500 SOL at the end of 2023.
Bull Market 2024
I also was heavily invested in the JUP token and got around $90K from a single airdrop in 2/2024. For most of 2024 I did nothing with my walltes at all because I wanted to stay over a 365 day period of time so my earnings do not need to be taxed. A small part was used on my learning of creating smart contracts which I was able du sucessfully create and earn around $2K per month passively. I late October I started to get into Memecoins due to TikTok and some friends. I do not promote this kind of gambling and know that I just got lucky with it. But I got addicted to it and out of pure luck I was abble to turn $50K into almost $450K.
This left me with around $950K in crypto currencies to this day.
The last $450K are inherited, but I did not use them to leverage any of my crypto trades and did only find out about them half a year ago at my 18th birthday.
The moral of the story is that I mainly got lucky even though I have a very deep understanding of crypto currencies and are capable of 3 programming languages. With the help of ChatGPT I am able to almost code in any given language. This is not a guide for you to follow, more a reminder for you that you can achieve the same things I did at only 18 years.
If there are questions please ask them, I am sure I left out a lot of stuff that did not seem important for me. Also sorry for my english I am not native