Jacen W: A Genius in the Flesh

by Charlie Norgaard

If you have not heard of Jacen W., then you are clearly living under a rock.

If you’re lucky, you may catch a glimpse of his blonde flow as he roams the Great Hall, or his pearly white smile as he charms every crush he has ever had. However, you’re more likely to see him hidden in the shadows of a classroom or tucked away in an empty corner of the library, with flashing lights from his computer reflecting off his glasses. Some of you may think he’s just an introvert, however in reality he’s making some serious bank.

Usually, when you see an OES student on their computer they are either scrambling to finish an essay or reading one of the thousands of ‘lost emails’, but Jacen W. is doing something quite unlike most others; he is investing. After weeks of coordination and planning, I was fortunate enough to land an interview with him, where he revealed his ingenious method of making money. Here is what he had to say:

“One day, I was on my computer researching various ‘get rich quick schemes’, when I stumbled across a site that offered payments of portions of Bitcoin — a decentralized digital currency — in exchange for watching ads (similar to what you see on Youtube). At the time, one Bitcoin was worth around $400, but my share of a Bitcoin was only worth $12, so I gave up on it and left it in my account. Four months later, when I came back to it, the Bitcoin was worth around $150. This was my opportunity. I started doing research, and realized that Bitcoins could be bought and sold like most any other currency, but I also realized it can perform like a stock, and has enormous potential for growth (one Bitcoin is currently worth $8000). I began to invest in it like a stock, because it is much easier to invest using various websites and it’s extremely easy because it is a decentralized currency, meaning it isn’t controlled by any government and has very loose regulations.”

Jacen’s portion of Bitcoin is currently worth nearly a thousand dollars, however he soon found there was a major conflict in transferring from Bitcoin to cold hard cash.

“In order to retrieve my well earned cash from my Bitcoin, I had to transfer it from my online wallet to PayPal, however there are tons of fees for every transfer made resulting in a huge net loss. For example, every single time I send or invest money in Bitcoin, my Bitcoin wallet automatically deducts an 8% fee.”

In order to avoid paying fees, Jacen happened upon a “completely legal” loophole, which depended on the highly popularized, iconic middle school video game “Counter-Strike: Global Offensive” (CS:GO). In this game, there is an enormous public market for ‘in-game’ commodities, which can be purchased with a variety of cryptocurrencies – Bitcoin being one of them – as well as cash.

Jacen has since purchased these in-game items using his Bitcoin, and successfully resold them for real money, allowing Jacen to make a whole lotta dough with no additional fees.

If you still don’t believe that Jacen is a mastermind, Reuters TV just recently published an article about Mike Novogratz, the former macro hedge fund manager at Fortress Investment Group, who bought “$15 to $20 million dollars” in Bitcoin, and has also been purchasing online video game commodities, which he is currently selling for a profit.

Never doubt Jacen, because for all you know, he will soon be making millions off his investments in the very near future. Thank goodness I’m on his good side…

Link to Reuters article: https://www.reuters.com/article/us-investment-summit-novogratz/big-money-is-coming-to-bitcoin-ex-fortress-executive-novogratz-idUSKBN1DD2RE

 

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