Given the recent increase – and subsequent decline – of the Bitcoin price, most people think it’s too late to make big money with cryptocurrency. Nothing could be further from the truth, though. If the Bondi brothers are to be believed, they make an average of AUD$2,000 per day just by trading various cryptocurrencies. It doesn’t take much effort to become a millionaire once you get the hang of how markets work. Nor does it require a ton of startup capital to make any meaningful impact.
A Closer Look at the Bondi Brothers
While their looks may be deceiving, Daniel Colosi and Stephen Lenoci have become cryptocurrency trading experts. Unlike most people who spend 12 hours a day looking at price charts, the self-proclaimed Bondi brothers have taken a slightly different approach. Even though they only bought their first cryptocurrency in 2017, they quickly turned a AUD$5,000 investment into just under AUD$200,000. If they can keep up their current daily profits, they will become millionaires before the year 2019 comes to a close. It may not be the fastest way of getting rich, but it’s certainly a nice revenue stream.
Moreover, anyone can get involved in cryptocurrency trading with a bit of effort. Granted, there are some things people will need to learn. The first few trades may even go horribly wrong, but they will all provide valuable lessons. For the Bondi brothers, their efforts have paid off in spades over the past few months. Turning AUD$5,000 into AUD$200,000 is no easy feat, especially considering these individuals had no clue about cryptocurrency until very recently. The markets have been rather crazy in the past six months, but making money is still not guaranteed whatsoever.
It took a meeting with a mutual friend to convince the Bondi brothers to get involved in cryptocurrency trading. There is a lot of good money to be made in this industry, even though a lot of money can be lost as well if one is not careful. As a result of their earlier successes, Colosi and Lenoci have quit their day jobs and are effectively full-time cryptocurrency traders. It is a very risky move, as crypto will not automatically generate a steady income.
With their daily earnings averaging AUD$2,000, things are heading in the right direction for the Bondi brothers. The recent crypto boom has made it possible for these gentlemen to turn their smaller amounts of money into a very large pile. However, the crypto markets are still highly volatile, and there is no reason to think things will continue along the same path in the future. In fact, a major correction is setting in as we speak, and it will be interesting to see how it affects the Bondi brothers’ trading strategy moving forward.
Unlike what one would expect, these friends are not trading cryptocurrencies directly. Instead, they use a third-party service provider who trades cryptocurrencies on their behalf. It is a risky venture, as you never know if such companies will give you your money or stick around long enough to ensure that you actually turn a profit. The Bondi brothers decided not to disclose which company they are using, but a Google search will quickly turn up a list of potential candidates. It is evident that making money with cryptocurrency takes a lot of time and effort, although third parties will gladly take care of the work on your behalf in exchange for a modest fee.
If things go according to plan, the Bondi brothers will relocate to Thailand in late February. At that point, they will focus even more on trading cryptocurrencies and may even take matters into their own hands. Their current goal is to become millionaires in the near future, but doing so will not be easy. For people who are wondering if there is money to be made with cryptocurrency, the obvious answer is “absolutely”. However, if you aren’t willing to put in the effort, your best option may lie somewhere else entirely.