But how much will the dollar be worth then?
It wont be so bad in 2025.
It will always go down in buying power but it cant be completely useless in such a short time window
Topic: Anybody with $10,000 worth of BTC+Alts today should be a Millionnaire in 2025 - page 5. (Read 6299 times)
August 04, 2017, 01:56:13 PM
It wont be so bad in 2025.
It will always go down in buying power but it cant be completely useless in such a short time window
August 04, 2017, 01:49:36 PM
But how much will the dollar be worth then?
August 04, 2017, 01:18:58 PM
Okay that was what i was thinking of when you say close to 75%. If thats the case, then what would be the point of holding bitcoin now? Is it because most likely it will go up so you want to have some in case the altcoins fall apart and the profits from the 25 percent in bitcoin would offset the losses by altcoins? Thus bitcoin is king and like your most important coin?
Exactly.
BTC is the hedge if Alts fall appart. (as ETH is a sub-hesdge on the alt side, if the other shitcoins to to hell etc...)
25% in BTC represents roughly 1BTC based on the $10k hypothesis, and could yield a 6-figure value on the 2025 horizon. (McAfee and a Jeremy Liew, the first investor in Snap Inc. are ultra bullish at $500,000. These big whales generally are right because they can make the market. But I think that $500,000 is kind of a stretch!)..
Ultimately, if you believe in the $500,000, put 2BTC on cold storage and wait... I am more thinking about a $100,000 to $250,000 value, hence having a stash of 10 BTC in the mid term is a nice goal I gave myself recently.
In the hypothesis illustrated above, going from $10k today (3.5 BTC) to 10 BTC generates a x3 goal that some Alts should help realize...
Ideally, you make more that that (bc you are lucky with your shitcoins investments, and can keep 10 BTC in cold storage + have room to play with alts (let's say 3 to 5 BTC worth of value)...
(Ideally, you are born with money and do not need cryptos to be rich...)
my 0.50cents (of BCH...not a lot...)
August 04, 2017, 12:57:08 PM
Okay that was what i was thinking of when you say close to 75%. If thats the case, then what would be the point of holding bitcoin now? Is it because most likely it will go up so you want to have some in case the altcoins fall apart and the profits from the 25 percent in bitcoin would offset the losses by altcoins? Thus bitcoin is king and like your most important coin?
August 04, 2017, 12:40:27 PM
Interesting thread here. So if you say 10k worth of btc and altcoins... how much percent of that 10k from bitcoin vs altcoin?
I assume you mean more than 50 percent altcoin right? Because say someone has 90 percent of 10k in bitcoin and 10 percent in altcoin, i dont think its possible to be millionaire. Im guessing its more like 60 percent minimum in altcoins?
I assume you mean more than 50 percent altcoin right? Because say someone has 90 percent of 10k in bitcoin and 10 percent in altcoin, i dont think its possible to be millionaire. Im guessing its more like 60 percent minimum in altcoins?
YES. More than 50%. Probably 75%, and again: well diversified within Alts (I'll name a few which are not necessarily in my portfolio)
Example:
1/. 30% on the big names, top 10 mk: ETH+XRP+NEM... (you nem-it...)
2/. 50% or more on top top100, using coin-picking to fing the hidden gems: DGB, OMG, PIVX, NEO, NXT, ARK, TenX PAY, VIA, XVG, PTOY, and of course WAVES
On these, the idea is imho to diversify per verticals (Anon, gambling, platforms, specific verticals like health gaming or distributed computing, etc..
3/. 20% (or less) of "shitcoins" with high risk/reward outcomes: I recently put a bit of BTC on POSW and XBY. These 20% follow a heavy rotation and serve pump and dump purposes mostly (note: some cat3 coins may enter the cat2)
I try to limit the number of coins by allocating AT LEAST 0.2 BTC per coin. Less that that dilutes too much the potential of a big raise.
Of course, as said above; 2025 if still freaking far away... 7 long years.
August 04, 2017, 12:37:12 PM
Anybody with $10,000 worth of BTC+Alts today should be a Millionnaire in 2025
Today, the market cap off all the Cryptos is north of $100B.
It is EXTREMELY low compared to the values seen in the tech world (except for some shady ICOs ;-) )
In details, Bitcoin counts for $50B mk, and if we only take the top20 alts, we are at roughly $45B mk to add, the rest being peanuts.
Exactly it matters a lot what you own. Not every $10k will turn into $1m. Some will turn into way more then just $1m. There is still 8 years till 2025.
August 04, 2017, 12:32:42 PM
Interesting thread here. So if you say 10k worth of btc and altcoins... how much percent of that 10k from bitcoin vs altcoin?
I assume you mean more than 50 percent altcoin right? Because say someone has 90 percent of 10k in bitcoin and 10 percent in altcoin, i dont think its possible to be millionaire. Im guessing its more like 60 percent minimum in altcoins?
really important figure that should be indicated by OP and I also assuming that Op should hold precious alt coins like eth , waves and some other coinsI assume you mean more than 50 percent altcoin right? Because say someone has 90 percent of 10k in bitcoin and 10 percent in altcoin, i dont think its possible to be millionaire. Im guessing its more like 60 percent minimum in altcoins?
that have good potentials to succeed alongside of bitcoin better to split those money and not to hold major part of bitcoin.
August 04, 2017, 12:08:21 PM
Interesting thread here. So if you say 10k worth of btc and altcoins... how much percent of that 10k from bitcoin vs altcoin?
I assume you mean more than 50 percent altcoin right? Because say someone has 90 percent of 10k in bitcoin and 10 percent in altcoin, i dont think its possible to be millionaire. Im guessing its more like 60 percent minimum in altcoins?
I assume you mean more than 50 percent altcoin right? Because say someone has 90 percent of 10k in bitcoin and 10 percent in altcoin, i dont think its possible to be millionaire. Im guessing its more like 60 percent minimum in altcoins?
August 04, 2017, 11:42:35 AM
I agree that the crypto space is likely to receive capital fleeing the equity and FX markets, but 100x seems a tad over optimistic. Lets due something more conservative and estimate where we might land.
Assume growth of 20%, then industry market cap = 100B x (1 + 0.2)^8 = $430B, this implies 4.3x from where we are today in 2025
Assume growth of 30%, then industry market cap = 100B x (1 + 0.3)^8 = $816B, this implies 8.2x growth
I think its definitely possible to exceed these growth rates if a person is an astute investor and has a decent sized allocation to small cap coins with strong technologies. Which one might these be that could deliver 100x +? Well, thats the million dollar question. I think the best chances of making a large hit are owning multiple $1000+ USD positions in sub $10m market cap coins. If you coin increases in market cap from $1M to $300M, you would not be a millionaire but will be very pleased with the result.
Here are some low market cap ideas.
https://bitcointalksearch.org/topic/m.20482712
Assume growth of 20%, then industry market cap = 100B x (1 + 0.2)^8 = $430B, this implies 4.3x from where we are today in 2025
Assume growth of 30%, then industry market cap = 100B x (1 + 0.3)^8 = $816B, this implies 8.2x growth
I think its definitely possible to exceed these growth rates if a person is an astute investor and has a decent sized allocation to small cap coins with strong technologies. Which one might these be that could deliver 100x +? Well, thats the million dollar question. I think the best chances of making a large hit are owning multiple $1000+ USD positions in sub $10m market cap coins. If you coin increases in market cap from $1M to $300M, you would not be a millionaire but will be very pleased with the result.
Here are some low market cap ideas.
https://bitcointalksearch.org/topic/m.20482712
Agreed. 100x is a *STRONG* figure. Almost a marketing/clickbait one.
Still, if you have balls of steel, a bit of luck, you can piggy back on some Alts to make part of the x100 job.
I made x30 from BTC bought at $700 (1st hockey stick).
BTC at $2800 today means that the BTC-increase is "only" x4
the rest (rought x7) has been made via alts: I multiplied by 7 my portfolio value in BTC.
So, I think there is room for the same "game": reaching x100, with a x5 on alts->btc and x20 on BTC->usd
We will see... (gosh... Bancor is cheap since its dip!)
August 04, 2017, 11:38:52 AM
We do know this speculation and it may get true with only Bitcoin, leave other coins. I think 10 BTC should be the minimum value in your cold storage for a longer term like 6-7 years. Some altcoins have a bright future but recognizing them now would be an issue.
I agree, but I also believe that on the short term, there is room to make more BTC via Alts. And I need to increase my BTC assets.
I believe I can double on some ALTS by the end of 2017.
I'll cash-out some BTC once I reach some thresholds, and once I would have reached a value high enough to be able to put 10BTC on cold storage I will.
So far, I don't have enough. But yes, 10BTC is the magic figure to have on cold storage.
(note: a few exchanges like Bittrex and Krakren are showing that they are could be trusted for "hodling long term". with 2FA and email validation, they start to be pretty safe, maybe safe than cold-storage solutions you can lose, or get robbed)
August 04, 2017, 11:35:37 AM
I agree that the crypto space is likely to receive capital fleeing the equity and FX markets, but 100x seems a tad over optimistic. Lets due something more conservative and estimate where we might land.
Assume growth of 20%, then industry market cap = 100B x (1 + 0.2)^8 = $430B, this implies 4.3x from where we are today in 2025
Assume growth of 30%, then industry market cap = 100B x (1 + 0.3)^8 = $816B, this implies 8.2x growth
I think its definitely possible to exceed these growth rates if a person is an astute investor and has a decent sized allocation to small cap coins with strong technologies. Which one might these be that could deliver 100x +? Well, thats the million dollar question. I think the best chances of making a large hit are owning multiple $1000+ USD positions in sub $10m market cap coins. If you coin increases in market cap from $1M to $300M, you would not be a millionaire but will be very pleased with the result.
Here are some low market cap ideas.
https://bitcointalksearch.org/topic/m.20482712
Assume growth of 20%, then industry market cap = 100B x (1 + 0.2)^8 = $430B, this implies 4.3x from where we are today in 2025
Assume growth of 30%, then industry market cap = 100B x (1 + 0.3)^8 = $816B, this implies 8.2x growth
I think its definitely possible to exceed these growth rates if a person is an astute investor and has a decent sized allocation to small cap coins with strong technologies. Which one might these be that could deliver 100x +? Well, thats the million dollar question. I think the best chances of making a large hit are owning multiple $1000+ USD positions in sub $10m market cap coins. If you coin increases in market cap from $1M to $300M, you would not be a millionaire but will be very pleased with the result.
Here are some low market cap ideas.
https://bitcointalksearch.org/topic/m.20482712
August 04, 2017, 11:23:56 AM
We do know this speculation and it may get true with only Bitcoin, leave other coins. I think 10 BTC should be the minimum value in your cold storage for a longer term like 6-7 years. Some altcoins have a bright future but recognizing them now would be an issue.
August 04, 2017, 11:21:34 AM
I think you are right OP. It's possible. It's likely to be.
August 04, 2017, 11:15:25 AM
Honeslty, if you go from 10k to even 20k you should be happy. If you go from 10k to 100k you should be ecstatic. Those are incredible returns! People need to appreciate all the money they make even if they aren't necessarily millionaires
I already have more than 20k of valuation. I did not pick $10k bc it suited me but bc it is a simple figure that does the job in terms of explaining the potential we *might* have here.
Honestly, I will cash out some USD as soon as I need money for Real Estate or other irl projects. Maybe I'll miss the $1million club... maybe I'll reach it another way... who knows.
August 04, 2017, 07:28:43 AM
It was already possible to take $100 and make $1M or more over the last few years.
And you have to KEEP that. That is the hard part. After big rises there are large drops and you don't know when they come so easily.
But it won't be as easy now. So starting with 10k would be more likely to be successful at that goal. True.
I would NOT say "should" lol..... I would say "might with great skill".
And you have to KEEP that. That is the hard part. After big rises there are large drops and you don't know when they come so easily.
But it won't be as easy now. So starting with 10k would be more likely to be successful at that goal. True.
I would NOT say "should" lol..... I would say "might with great skill".
Even I think the same way as you predict it.For example take Real Estate industry, 20 years it prices are so cheap that now they rose up to X100 times.But at this levels in Real Estate it is almost impossible to become one more X100 times even after 20 years from now.So same can be predicted in Bitcoin industry.
August 04, 2017, 07:12:50 AM
Sure hope so:)
BUT i doubt it. I got into crypto this year bought abt 350$ CAD worth of Ether from coinbase. I think it was somewhere around 27. At the peak even i were to hold some and sell them at 400$ I would have my 10000$ BUT our little brains don't work like that.
Don't get me wrong, for sure there will be people out there with 10000$ portfolio will be millionaire. I think most of us will sell out before we get there cuz of fear of losing it all or we will try to leap frog: 'Oh let me just sell now and will buy it when it gets low again'.
Anyways planning on getting to 5 bitcoin and lock that shit up in a deposit box for 10 years. Retire early:)
Sounds like a plan to me.
Good luck to ya all!
P.S.: Don't be me and sell out too early. Patience is a virtue.
BUT i doubt it. I got into crypto this year bought abt 350$ CAD worth of Ether from coinbase. I think it was somewhere around 27. At the peak even i were to hold some and sell them at 400$ I would have my 10000$ BUT our little brains don't work like that.
Don't get me wrong, for sure there will be people out there with 10000$ portfolio will be millionaire. I think most of us will sell out before we get there cuz of fear of losing it all or we will try to leap frog: 'Oh let me just sell now and will buy it when it gets low again'.
Anyways planning on getting to 5 bitcoin and lock that shit up in a deposit box for 10 years. Retire early:)
Sounds like a plan to me.
Good luck to ya all!
P.S.: Don't be me and sell out too early. Patience is a virtue.
August 04, 2017, 07:09:34 AM
Honeslty, if you go from 10k to even 20k you should be happy. If you go from 10k to 100k you should be ecstatic. Those are incredible returns! People need to appreciate all the money they make even if they aren't necessarily millionaires
August 04, 2017, 06:57:45 AM
Well i guess you are speaking to a future millionaire then ;-). If only we had some kind of "!remind me in 10 years" trick. I beleive in crypto so much that i invested 90%.
My house is not finished but i am willing to wait because where can i get a rendement like this huh. Don't care that the ceiling is not done or some doors are not in place :p.
Get rich or die trying! ... sort of ;-)
My house is not finished but i am willing to wait because where can i get a rendement like this huh. Don't care that the ceiling is not done or some doors are not in place :p.
Get rich or die trying! ... sort of ;-)
August 04, 2017, 06:14:22 AM
It makes sense since active crypto traders are a tiny sliver of the population. I am hoping that cryptocurrencies will become more normalized that the market can really take off so it's more like 2020 instead of 2025 
.
. August 04, 2017, 05:41:02 AM
Well this is true. That is why people that hodled on 2011. Because some people I knew bought 2000 of bitcoins. And right now he is harvesting his seed. He trusted bitcoin and hodled it for these years that have passed. Well if I only had a paypal at that time I could hodled that much also. But no sadly.
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