Will this stack make me a USD millionaire? - page 3.

Lanatsa

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Quote from: uknowy9999 on February 14, 2024, 06:14:34 AM

Hey guys,

so I have been stacking the past years, and to be honest, mainly focused on BTC and some ETH.

How much BTC and ETH would you think you need, in order to have a FUTURE (next years?) 1 million allocation to crypto's bluechips BTC and ETH while keeping the ratio 1:10, meaning 1 BTC and 10 ETH, 2 BTC and 20 ETH and so on
For example I think
By end of 2025 with 7 BTC and 70 ETH you will have a one million USD exposure to crypto

What are your thoughts?

I should say that it would really be needing up 10 pcs Bitcoin for you to be able to reach out a million at least on upcoming bull run or even more considering that reaching out 100k wont really that much or too far.
If bull run market happens then it is inevitable for you to see your coins be reaching up in a million but of course with the current price with those 10 coins would be $500k+ on which this is a big amount
i should say but since you could put up some capital then of course x2 on bull run isnt really just that impossible. How much more if we do speak about reaching 3x of the current price as of this moment?
For sure it would really be that worthy on doing so. Considering ETH into your port isnt really that a bad idea as long you do have the funds that you could be able to diversify specially into those
top altcoins in the market then it would really be still that considerable step.

So its a matter of choice or risks management on where you would really be able to put up your on making out some investment decisions and as long you've been sticking into
those top coins in the market then you do somewhat having some assurance but of course we do know that this market doesnt really have any guarantee.

The Sceptical Chymist

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Trying to predict even how much bitcoin you'd need to be a millionaire in X number of years is hard enough, but if you're trying to predict a ratio of BTC:ETH that'd give you the same results, you might as well just throw darts at a board.

Plus I'd stick with bitcoin only and wouldn't dabble in Ethereum at all (but hey, that's just me). In the last year, bitcoin has demolished most "reputable" altcoins, including ETH:

And although right now it looks like bitcoin is going to skyrocket....you just never know. It does seem like there's a strong upward trend happening that will probably continue. I guess the answer to the question at hand is less than 20BTC--but how much less I haven't a clue. If I had the answer and the money to buy, I'd jump in with both feet.

Upgrade00

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Quote from: uknowy9999 on February 14, 2024, 06:14:34 AM

How much BTC and ETH would you think you need, in order to have a FUTURE (next years?)

This depends on where you're living in the world. Economies are different, so retirement funds across different countries with different costs of living would surely be different.

Quote from: uknowy9999 on February 14, 2024, 06:14:34 AM

1 million allocation to crypto's bluechips BTC and ETH while keeping the ratio 1:10, meaning 1 BTC and 10 ETH, 2 BTC and 20 ETH and so on

That's almost a ratio of 1:2 in terms of USD value. A true ratio of 1:10 in USD value would be 1BTC to 2 ETH.

OgNasty

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7 BTC by itself may be enough to earn you millionaire status in the future. I would imagine 70 ETH also has that possibility by itself, especially if earning staking rewards. I’d say by 2029, a stack of that size will easily get you into the millions. Odds of it happening in 2025 are still probably better than not that it will happen.

mk4

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Quote from: uknowy9999 on February 14, 2024, 06:14:34 AM

By end of 2025 with 7 BTC and 70 ETH you will have a one million USD exposure to crypto

7 BTC + 70 ETH right now is worth around $550,000. A million is just merely 2x from here, so of course it's very possible.

Quote from: pooya87 on February 14, 2024, 11:58:03 AM

Days of ETH are over in my opinion, it is not going to see any more pumps like it did in early days.

*snip*

I get your point. But ETH mostly outperforms BTC in bull markets regardless of whether it will ever re-reach its all-time highs against BTC again. Majors below BTC tend to outperform in general, even the total useless shitstain that is XRP.

pooya87

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Days of ETH are over in my opinion, it is not going to see any more pumps like it did in early days. We can see that in its chart against Bitcoin where it has lost more than half of its value over the past 5-6 years and it is never going to get it back (ETH was once 0.15BTC). Nowadays the only way ETH price against dollar can go up is if BTC goes up and even that rise is smaller than what BTC gains.

Becoming a millionaire with 7BTC by 2025? That's reaching 140k ish, and reaching that depends on this year. If we continue seeing more conflicts in the world which would also affect the global economy, specifically worsens the recession, then I don't think we can expect a 180% rise in a year. Best case scenario is we reach the previous ATH ($70k ish) by then.

But if things cool down and the banksters start lowering interest rates letting inflation rate reach realistic values, we could see price shoot up and $140k would look like nothing in comparison to levels we'd reach.
Half a mil per BTC would not be unrealistic anymore.

Aanuoluwatofunmi

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Quote from: uknowy9999 on February 14, 2024, 06:14:34 AM

By end of 2025 with 7 BTC and 70 ETH you will have a one million USD exposure to crypto

You made a good decision with bitcoin, but just a very nice and warmly advise for you while stacking, make use of a non custodial for that and keep safe the access keys to the assets, you cannot afford to keep any chance of being at risk in dealing with that kind of fund.

With the said amount, i think one have nothing to worry about again if truly you can stack up to having 7btc for yourself, it's a good idea and you can make more even at the cause since you're dealing with a profitable investment with bitcoin.

tertius993

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Quote from: uknowy9999 on February 14, 2024, 06:14:34 AM

Hey guys,

so I have been stacking the past years, and to be honest, mainly focused on BTC and some ETH.

How much BTC and ETH would you think you need, in order to have a FUTURE (next years?) 1 million allocation to crypto's bluechips BTC and ETH while keeping the ratio 1:10, meaning 1 BTC and 10 ETH, 2 BTC and 20 ETH and so on
For example I think
By end of 2025 with 7 BTC and 70 ETH you will have a one million USD exposure to crypto

What are your thoughts?

If you were to forget the Eth (this is the bitcoin speculation board after all) then your 7 BTC could be nearly 11 BTC (1BTC currently = 18Eth).

At that point BTC only needs to be at ~$93k for your stash to be worth $1M.

Lucius

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Quote from: uknowy9999 on February 14, 2024, 06:14:34 AM

~snip~
By end of 2025 with 7 BTC and 70 ETH you will have a one million USD exposure to crypto
What are your thoughts?

Maybe 7 BTC will be enough for you to become a millionaire in USD, because for that to happen you need a price of 1 BTC = $140k+. If that $1 million can satisfy you in life, then you can retire early or whatever - of course when you pay the tax Wink

uknowy9999

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Hey guys,

so I have been stacking the past years, and to be honest, mainly focused on BTC and some ETH.

How much BTC and ETH would you think you need, in order to have a FUTURE (next years?) 1 million allocation to crypto's bluechips BTC and ETH while keeping the ratio 1:10, meaning 1 BTC and 10 ETH, 2 BTC and 20 ETH and so on
For example I think
By end of 2025 with 7 BTC and 70 ETH you will have a one million USD exposure to crypto

What are your thoughts?

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