Yves Welti had a tumultuous few years due to his addiction to Bitcoin, resulting in massive debt, sleepless nights, and an ultimatum from his girlfriend. However, everything changed for Yves when the Bitcoin boom of 2017 allowed him to pay off his debts and establish financial stability.
Yves, a lively insurance worker and Bitcoin enthusiast, found himself trapped in a cycle of debt and financial struggles. Despite making money, he had accumulated over 90,000 francs in debt and lost 180,000 francs in just two and a half years. The interest on his loans was overwhelming, and his financial situation seemed bleak.
In his lowest moment, Yves confided in his grandmother, who offered to help him one last time. After she cleared a portion of his debt, Yves promised never to gamble with borrowed money again. However, doubts arose when he was spotted leaving a bank with a large envelope. People wondered if he was still involved in his risky gambling habits.
Yves’ addiction to Bitcoin began innocently in 2013 when he was a university student researching cryptocurrencies. He purchased his first Bitcoin, and what started as a simple interest quickly turned into an obsession. He discovered an arbitrage strategy that allowed him to buy Bitcoin at lower prices and sell it at higher prices, earning him a monthly return of around 8%. He was so successful with this method that he even wrote his bachelor’s thesis on it, believing he had found a foolproof way to make money.
However, Yves’ luck ran out when one of the exchanges he used filed for bankruptcy, causing him to lose a significant portion of his money. Despite this setback, he continued to use his arbitrage system and ventured into margin and futures trading, driven by his greed and the potential for greater gains. But with leverage and the volatile nature of cryptocurrencies, his investments became increasingly risky.
Yves’ addiction deepened as he started using credit companies to finance his gambling. He became obsessed with monitoring Bitcoin prices, sacrificing sleep and personal relationships. His girlfriend eventually issued him an ultimatum, demanding that he choose between her and his addiction. Unable to quit, Yves decided to continue gambling in secret.
During this time, Yves became consumed by his obsession, constantly checking Bitcoin prices and losing sleep over market fluctuations. He became isolated and distrusting, often falling asleep with his laptop on his knees. Despite his high income, he struggled to make sense of his financial situation and continued to shop for deals.
In the spring of 2016, Yves briefly experienced financial success, turning 5,000 francs into 135,000 francs in just four weeks. However, his luck quickly turned, and he found himself back on his grandmother’s sofa, feeling hopeless once again. He believed he would be burdened with debt for years to come, but fate had a different plan.
The year 2017 brought a major change in Yves’ life. With the skyrocketing Bitcoin market, it became nearly impossible not to make money, even with a cautious approach. As promised to his grandmother, Yves stopped taking on debt and only invested his own money. Through his methodical approach and the market surge, his Bitcoin holdings appreciated to over a million francs.
Yves reached a significant milestone by cashing out 250,000 francs and paying off all of his debts. He indulged in his childhood dream of owning a Lotus and made opulent purchases, such as rare cards from his favorite game. Despite his sudden wealth, Yves remained humble, living modestly in a shared flat and helping his roommate with rent.
Yves’ perspective on money has evolved. He no longer has an emotional attachment to it and sees it as a tool rather than the ultimate goal. He plans to create a micropayment system to support online content producers. With more than a million francs in cryptocurrencies, Yves now sleeps peacefully at night and is unfazed by market fluctuations.
Despite driving a flashy Lotus, Yves remains grounded and avoids flaunting his wealth. He values genuine connections and chose to leave the sports car in the garage for his first date with his current partner.
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