How to get rich in cryto and NFT from scratch?

He does not believe in banks or the state and hopes to live fully thanks to cryptocurrency and NFT. Portrait of a young man already living in the future.

The first thing that catches your eye about Kamel is his appearance, which is very similar to that of Elliot Alderson, the genius and troubled hacker. serial Mr. Robot. But the comparison does not end there. At 19, this computer science student at Epitech defines himself as a “hack fanatic” and also wants to revolutionize the world.

But Kamel does not attack the giant companies. Choose another branch of the activity. His thing is cryptocurrencies and NFTs, a world in which he has already started making his small fortune. “From nothing”, he has already earned more than 6000 euros. To achieve this result, Camille went through several stages, from investing in complex crypto projects to collecting NFTs. bet too much on Crypto catsThese tiny virtual cats stored on the blockchain can be exchanged for the equivalent of several hundred thousand dollars.

Cryptocurrency is freedom!

“I’ve always been somewhat marginal, and love computer hacking,” says Kamel by way of introduction. The Internet is my second life, and suddenly I became interested in cryptocurrency and bitcoin very early, in 2015. This passion will continue thanks to YouTuber in particular, Owen Simonen, better known under the pseudonym Hashur. It is this celebrity (founder of a cryptocurrency investment advisory firm) who will help him get started in the very complex world of decentralized finance. And in this universe he sees his future. “For me, cryptocurrency is not just about money,” he explains. It is also a matter of freedom. It’s a world where you can start from scratch and get rich. You don’t need to actually be a person to become a person and you don’t need to become a slave to a boss or a banker to be successful in your life. »

With this mentality he will earn his first cryptocurrency. He says: In 2018, I participated in Coinbase’s Learn & Ear program, a virtual currency exchange platform. By continuing to learn from the site, I am rewarded with the equivalent of about thirty euros in Ether, a cryptocurrency in full growth after that. After a few months, he wants to reinvest his earnings and is looking for a good idea. Then it falls into the world of NFTs that is just beginning to take off. He and his friends decide to release a series of pixel art drawn dragons called cryptodragoons. At the same time, he invested about twenty euros in Ens, a company that allows the purchase of domain names like the Internet, but based on the Ethereum blockchain. With this money, he buys the cryptodragoons.eth address with which he plans to launch a website to showcase his art. “The sale of these NFTs brought us about forty euros here and there,” he continues. I have accumulated and reinvested in CryptoKitties.

Kittens that deserve gold

For those who do not know CryptoKitties is a kind of cross between Pokémon and Tamagochi. The goal is to get little virtual kittens, to make them breed and to exchange or sell them to other players. “All coding cats have unique genes in the form of a coding codon,” he says. In this sequence of numbers, you have a low percentage chance that your cat’s offspring could mutate and develop rare NFTs called Fancy. The higher this percentage, the more valuable your NFTs will be and the more expensive it will be to resell them. After breeding a series of virtual kittens, Kamel does the math. He won about 200 euros through this activity, an amount that he would immediately reinvest in another game, Eluvia, a giant sci-fi world where players must capture creatures in the NFT and exchange them with others. The title hasn’t been officially released yet, but the value of its crypto already exceeds $1,000, which is proof that the community is very interested in it.

In parallel with his proliferation of CryptoKitties, Kamel will get a huge surprise thanks to Ens and his purchase of Cryptodragoons domain names. It is not uncommon for companies to give away multiple coins to their early adopters for free as a thank you for their investment. Usually, the value of these does not exceed 10 or 15 euros. But it’s different this time. “Because I invested quickly, they gave me a hundred coins worth 60 euros each,” he says. Overnight I found myself with the equivalent of 6000 euros. For a 19-year-old student like me, who is used to receiving €30 of pocket money per month, this is huge and is proof that you can get rich very quickly in this environment. You just have to be early. »

It takes a lot of time to be in the grass

Camille often uses this word, “early.” For him, this is the most important reaction to gain if you want to advance in your field. “NFTs and cryptocurrencies are like a giant wave sweeping everything,” he says. Either we decide to walk away, or we have to browse through it. I am a surfer. To always be one step ahead and know where to invest, he says he spends all his days immersed in niche networks and sites. “Time goes by faster in this world and you have to be in the know. Things go really fast, and sometimes I need to mentally step back to clear my mind. When I come back a week later, I don’t understand anything and it’s like I have to start over.” The crypto/NFT community is full of dead-end projects, even outright scams. “We should try to avoid shitcoins, those projects that promise top investors with a 100% increase and that once they reach a certain level, collapse for good, he points out. I have been scammed many times and it is hard to lose money with stupidity like that. But there are also lessons that can be Learn it. No project will make you a millionaire overnight.”

A whole world like a casino combined with a giant Ponzi scheme. In fact, the crypto world is full of scams – like the world of Bitconnect, which launched in 2016 and suddenly shut down two years later, causing its currency to drop in value from $500 to less than $1. But that doesn’t stop Camille from seeing more. “From the outside, people get the impression that they see us playing in the casino,” he continues. I can’t blame them, there are aspects that look like that. Money is falling from the sky as we bet on projects. This can all be very addicting. My parents get very worried when I tell them I made all this money. They wonder if it’s legal. But it’s worth noting that the world of NFTs is also good. There is no jealousy or taboo over money. Everyone motivates you to keep going and congratulates you when you have achieved great success. For me, it really is like a second family. Especially open family. “I have friends who live in India who were really able to start making a living from their art thanks to the NFT community,” he says. We are talking about a country where it is practically unthinkable to have a technical profession because the need to have a food job is strong. Kamel adds that the fact that technology can bring recognition to these people shows how this ecosystem can change things.

Escape taxes…real crypto games

Without understanding much, Camille has largely embraced the libertarian ideology of the crypto community. The young man is completely opposed to the fact that the state can control his earnings. In fact, since the Finance Act 2019, individuals are subject to a tax of 30% in excess of €305 of capital gains. As a result, a virtual cat breeder sees his virtual money as off-limits. Well, not exactly. Seemingly mysterious, he pulled out two black cards from his wallet bearing the logos of Binance and, two well-established trading platforms. “These are debit and payment cards that work in conjunction with VISA,” Lee explains. With this said, you do not need official bank accounts. I can withdraw funds from my crypto wallets or pay any expenses on a device with small fees sometimes. »

go shopping or Pay for Nintendo Switch with CryptocurrencyIt really is the future. But Kumail can’t help but feel frustrated and look forward. “I am convinced the banks are going to die, but there is still a problem,” he explains. Currently, It is impossible to rent or buy housing only with money earned in NFTs. It comes from the fact that everything that comes from the Internet is often misunderstood. This anger that drives him, however, gives him ideas. “In the short term, I would like to continue investing in NFTs, and why not become a consultant to artists to help them put their art on the blockchain and promote it in the right communities. But in the long term, I would like to open a virtual currency-based bank that guarantees loans to people like me.” He might not have been full at the end of his troubles, but who knows? In the crypto world, things move very quickly.

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