#123 From Losing $250K to Building a Crypto Education Business with Stewart Crown

Roy Coughlan (0:02)

Welcome to The Crypto Podcast. You can find all the episodes on the cryptopodcast.org.

My guest today watched 250,000. And when I'm talking in dollars, it's Australian dollars. In his own portfolio, collapsed to 23,000. And instead of quitting, he built a 4 million client results business, teaching other people not to make the same mistakes.

Stewart Crown is a trader, coach, and Rg146 certified educator who dropped out of school, walked out of a corporate job mid shift, and never looked back. Over 12 years, he's lived through every major crypto market cycle, and now teaches a seven income streams framework to help ordinary people build wealth without the guru hype. As he puts it himself, he'd rather lose everything than feel like he was worth nothing. So let's get into it, Stewart.

Stewart Crown (0:58)

No worries. Thanks for having me, Roy. I really appreciate it.

Roy Coughlan (1:00)

Yeah, no problem at all. No problem at all, sir.

I suppose we have to kind of learn your journey first, but that's kind of your crypto. When did that kind of first appear in your radar?

Stewart Crown (1:12)

Yeah. So I had a friend show up at my house one day. It was about 7.3 at night. And this is in the start of 2013, it was around March 2013 And he said to me, have you heard about the eBay for drugs? I said, what are you talking about? I just watched a news article about this Silk Road on dark web. You need a certain browser. So I was like, let's have a look at this. And I said, how do you pay for these things? Because cash is tracked, PayPal is tracked, everything's tracked. What do you use to pay for it? He said, you use this digital currency called Bitcoin. Now I couldn't make heads or tails. I knew nothing at this point. So I was like, okay, I can see the government shutting this down, but what is this currency they're using? And that's when I started to learn, oh, you can mine it with your own computer. You can do what you want. You can trade. You can hold the value. And I went, now if I can make my own money, especially I've got a computer that can run, that can mine Bitcoin, I can print my own money. Now, I didn't know at this time that mining computers or using computers to mine Bitcoin was probably not the most efficient way using a CPU rather than a GPU at the time because I hadn't made ASIC miners yet.

I was using a CPU and I'll probably make about 20 cents a day.

And I was selling it off at the time. Now, that 20 cents a day would be worth about $33,000 each in today's standards. But that's what started my journey. I started learning about how to mine it, how it's created. And then I started my investment journey for I got made redundant from a factory job, actually, of all things. I was paid $9,000. And I went and put it all on Bitcoin at $151 Australian a coin.

And I didn't know what I was doing. I made some mistakes. I managed to hold most of it till 2017

And that's when I made about $750,000. And I pulled some money out, bought a house, had a young family starting, beautiful daughter on the way. And I bought a house. And then I watched $250,000 slowly dwindle.

Because I had no concept of what market cycles were. Like I thought at this point, it can just keep going up forever.

But how wrong I was in doing that. And I then went, all right, well, you've lost a lot of money, more money than you're probably gonna make in a year under your educational standards. So you need to learn how to not just make money in an uptrend market. You need to learn how to make money in a downtrend market. And that started me on my perpetuals and futures journey. In 2021, I learnt that I became profitable about within three years. And then in 2021, as I said, you mentioned I walked out mid shift. I did, I had made my friends and myself a large sum of money around the $500,000 mark in a month and a half. And I turned around and went, I can't do this anymore. I can't do this cage, this cubicle, this data entry, this workplace, this company. And I got to do what every single, I think that's what most Australians want to do, or most people in the world want to do. I got my boss, I got to go and tell my boss to get stuffed.