16 wild Bitcoin tales of rags to riches (and vice versa)

Thinking of investing in Bitcoin? Read these nutty stories first.

16 wild Bitcoin tales of rags to riches (and vice versa) 1

Bitcoin is currently one of the hottest topics in the world. What started off as a little-known online experiment with the idea of currency, has now become one of the most puzzling and exciting technological avenues that mankind looks set to venture down. All over the world, people watch on as Bitcoin’s value continues to grow, with no end in sight. The Bitcoin ride so far has been a crazy one – with winners and losers; those who’ve been extremely lucky and others who really, really haven’t. We’ve collected some of the most interesting stories about Bitcoin here, for your reading pleasure.

#1 The Bitcoin Bet

16 wild Bitcoin tales of rags to riches (and vice versa) 2
Credit: Telegraph

What would you have done, age 12, if your grandma had given you $1000? Invested it in a volatile and semi-experimental online currency, right? No, me either. But that’s exactly what Erik Finman of Idaho did. After a tip-off from his older Brother, Erik bought $1000 worth of Bitcoin in 2011. A few years later – after dropping out of high school and getting home-schooled – he made a bet with his parents that if he made a million dollars before his 18th birthday, they wouldn’t make him go to college, and in June last year, when the value of his original investment had increased by more than 100-fold, Erik declared the bet won.

Interesting facts about BTS
  • The group name, “BTS” stands for the Korean expression Bangtan Sonyeondan which translates to “Bulletproof Boy Scouts”. Band member J-Hope said that they chose this name because it represents BTS’s desire “to block out stereotypes, criticisms, and expectations that aim on adolescents like bullets.” But that isn’t the only meaning behind the name. In 2017, BTS said, as part of their new brand identity, that their name would also stand for Beyond the Scene” which extended their name to mean “growing youth BTS who is going beyond the realities they are facing, and going forward.”
  • BTS was originally intended to be a hip-hop group, similar to YG Entertainment’s 1TYM. This was because Big Hit Entertainment CEO Bang Si-hyuk met with RM and was very impressed by his rapping talents. However, Bang Si-hyuk changed his mind and decided that today’s youth needed “a hero who can lend them a shoulder to lean on, even without speaking a single word.”
  • BTS has said that all of the following musicians have inspired their music; Post Malone, Eminem, Seo Taiji and Boys, Nas, Kanye West, Drake, Charlie Puth, Danger, and Queen.
  • The band’s first English-language single, “Dynamite”, was released on August 21st. Its video broke the YouTube record for the most viewed music video premiere, grabbing the attention of three million viewers, and it set a new record for the most viewed video on the first day of release. “Dynamite” is also the first music video on YouTube to surpass 100 million views in less than one day.
  • BTS has been often labeled as “easily the biggest and most successful name in K-pop in the world” that can “do things no other name in their genre can.” Time magazine has gone as far as calling them the “Princes of Pop.”