Joe has a $300,000 tax bill after making it big on bitcoin, he reveals the pitfalls of crypto investing

The 38-year-old became enamoured with the obscure art of coin mining in 2013 while living with his parents in Paddington, in inner Brisbane.

For the next four years, they were just "lying around", unsecured, on a number of phones and computers. Mr Bridge decided to sell off a small amount of his stock to treat himself in "dribs and drabs", buying motorbikes and boats.One of the two motorbikes Mr Bridge now owns thanks to bitcoin.Coincidently, Mr Bridge and his partner wanted to buy a home "by the water" in Clontarf, north-east of Brisbane.

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Joe Bridge made $1m on Bitcoin, but says it's a 'dangerous time' to investJoe Bridge has bought two motorbikes, two boats and his first house with the $1 million-plus he made on Bitcoin, but he doesn't recommend trying to replicate his success. this is the Ponzi scheme equivalent of politicians who start being honest after they're out of politics. Kudos to Joe. But remember don't gamble with money you can't afford to lose.
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