You’ve heard all the legendary tales about crypto investors who put in a few thousand dollars and became millionaires. One thing all these investors have in common is they all cashed out when Bitcoin was at its peak. At $20,000, Bitcoin had already skyrocketed by 2,000 percent in just 12 months. Those who cashed out were the lucky ones and they have grabbed all the headlines since. There is however a second group, one that never cashed out. This group rode the wave all the way to the top, and then all the way dow to $4,000.
One of them is Peter McCormack, a British crypto investor whose portfolio hit $1.2 million at the height of the crypto rally. McCormack had stumbled into Bitcoin as far back as 2013. He however invested four years later and made a fortune. As fate would have it, he was one of the many who never cashed out and his portfolio has shrunk by 80 percent in 2018. He is still all in on cryptos and he continues to make a living from the industry.