I have wondered this too because many coins go up hundreds of times so you will have made profit even if 50 coins make you 0 also you will never lose everything so you can recoup part of what you lost. If you carefully pick a few good coins as investments you will do well.
Lol people here act like they experts. Funny posts here. XP
Topic: Becoming rich owning all altcoins in 5 years? (Read 5437 times)
Thanks Wedice, but can you explain why?
There's no guaranty,some of the coins here just die down because they are just clone coin and the dev's just want to make money out of it,better just pick coins with community support and a real hardworking development team that will come out a new features and roadmap for their coin project.
i think i would keep eye on new generation of alt which do not inherent same weakness as older generation. hoping for at end we would have completely new alts which is secure and easy to use
Would one be super rich if one now bought 1000 of each altcoin under a dollar at the time of this writing 5 years from now?
You need to look at what this altcoin is doing differently. If it doesn't have new features that add value to its users, it is useless when comparing it with BTC. The altcoins that will survive and have a price raise are the ones that add something to the crypto game.
Here is another example of a "which altcoin should I buy?" thread, even though the title is different. The answer is that yes, you might hit the lottery but more likely you'll end up with a smoking bag of canine excrement at the finish. But if you have the capital and the appetite for risk, then go for it. No one here can tell you yes or no with any certainty, however.
do not have to wait 5 years to get rich, if you are diligent in collecting coins and you will get rich quick too.
Yup.I wouldn't purchase every coin on the Altcoin listing on coinmarketcap because the price of the coins are usually overpriced. It would require a whole lot of time to get the money back and more.
Because most get delisted eventually and THEN no one wants to buy them for any price.
Since the only use these have is trading for profits on exchanges then it means when they get delisted they are pretty much dead.. unless they get back onto an exchange (VERY RARE)
Your money would be better spent playing the lottery or buying scratch & wins at the gas station.
Or..
Simply putting it into a basic savings account at any bank and leaving it there for 5 years.
The value in that is you WILL get a profit guaranteed.
Bank accounts pay zero interest, where have you been?!
IF people go down the route of investing in all the alts, you need to treat it the way venture capitalists do. They know that most of their investments will be losers, about 5% will break even, about 5% will make a modest profit, and 1% will be blow-out gains.
do not have to wait 5 years to get rich, if you are diligent in collecting coins and you will get rich quick too.
Would one be super rich if one now bought 1000 of each altcoin under a dollar at the time of this writing 5 years from now?
That is impossible to say. Its like trying to predict the weather, or the course of evolution. But I think some coins will be big, but the "network effect" is crucial IMHO 
many alts have the same problem for buyers as bitcoin does. people come into it starry eyed expecting the same returns as the early days. that ain't possible any more unless you luck out with a coin that's currently nowhere.
just as i'm kinda sceptical bitcoin can get much beyond where it is now without some major stuff changing, the $100 dash can't go much further on pure hot air either.
if i did try it i certainly wouldn't bet on one coin. i'd spread it between a bunch but i'd also be very mindful of the pumps. even some of the top coins may reach a peak they'll never hit again. there's so much still to play for.
just as i'm kinda sceptical bitcoin can get much beyond where it is now without some major stuff changing, the $100 dash can't go much further on pure hot air either.
if i did try it i certainly wouldn't bet on one coin. i'd spread it between a bunch but i'd also be very mindful of the pumps. even some of the top coins may reach a peak they'll never hit again. there's so much still to play for.
There are way too many altcoins out there. If you can spend $1000 dollars on every altcoin you are already rich.
We need a new coin that can make us rich so we can get in at the bottom, but only shitcoins are released.
I want a new gamechanger coin that can make me rich so I can get in from the beginning, but I see nothing.
We need a new coin that can make us rich so we can get in at the bottom, but only shitcoins are released.
I want a new gamechanger coin that can make me rich so I can get in from the beginning, but I see nothing.
I don't think there will be a game changer coin coming soon. All new alt-coins are just coming behind a hype but they just died a natural death even for a few months in its existence. So I doubt that someone will be super rich in 5 years in unlikely. What you should just go with the flow of pump and dump then go ready for the next coin to do the same. That's how you gonna be rich with alt-coins.
There have been a couple of opportunities to get rich. With DASH you could have made a couple of millions with a reasonable initial investment.
There are a decent amount of opportunities, no need to wait 5 years.
there are so many adltcoin,many adltcoin will be delisted by exchange and dead after 5 years.
There are way too many altcoins out there. If you can spend $1000 dollars on every altcoin you are already rich.
We need a new coin that can make us rich so we can get in at the bottom, but only shitcoins are released.
I want a new gamechanger coin that can make me rich so I can get in from the beginning, but I see nothing.
We need a new coin that can make us rich so we can get in at the bottom, but only shitcoins are released.
I want a new gamechanger coin that can make me rich so I can get in from the beginning, but I see nothing.
I don't think there will be a game changer coin coming soon. All new alt-coins are just coming behind a hype but they just died a natural death even for a few months in its existence. So I doubt that someone will be super rich in 5 years in unlikely. What you should just go with the flow of pump and dump then go ready for the next coin to do the same. That's how you gonna be rich with alt-coins.
the problem i found that is with the developers. we don't have any good ones.
anyone releasing an altcoin these days have only one goal and that is to make more money from it. you can actually read it all over their website and announcement topic, of course not directly but it is implied in all their actions and what they say.
and as long as they are looking for easy money, there won't be any worthwhile development happening and all the altcoin will remain as pump and dump.
There are way too many altcoins out there. If you can spend $1000 dollars on every altcoin you are already rich.
We need a new coin that can make us rich so we can get in at the bottom, but only shitcoins are released.
I want a new gamechanger coin that can make me rich so I can get in from the beginning, but I see nothing.
We need a new coin that can make us rich so we can get in at the bottom, but only shitcoins are released.
I want a new gamechanger coin that can make me rich so I can get in from the beginning, but I see nothing.
I don't think there will be a game changer coin coming soon. All new alt-coins are just coming behind a hype but they just died a natural death even for a few months in its existence. So I doubt that someone will be super rich in 5 years in unlikely. What you should just go with the flow of pump and dump then go ready for the next coin to do the same. That's how you gonna be rich with alt-coins.
There are way too many altcoins out there. If you can spend $1000 dollars on every altcoin you are already rich.
We need a new coin that can make us rich so we can get in at the bottom, but only shitcoins are released.
I want a new gamechanger coin that can make me rich so I can get in from the beginning, but I see nothing.
We need a new coin that can make us rich so we can get in at the bottom, but only shitcoins are released.
I want a new gamechanger coin that can make me rich so I can get in from the beginning, but I see nothing.
Why bother to wait for that to happen if we can make today a way to become "rich" my simply taking a ride on bitcoin and altcoin at the same time. You guys just want an instant rich scheme with that kind of desire.
Look how profitable bitcoin today and those alts. It's a matter of patience and good strategy to make your trading properly maintained it's winning streak while you are in the world of trades.
Just think of a good way seriously and you can win this game.
You can't find yourself in the wrong side waiting for the price you have in your mind that never comes.
For example im waiting for LTC to go down to 0.0085 to buy back in and continue riding upwards, but what if 0.0085 never comes? I think it's a realistic dip, but it may never come and I may wake up tomorrow at a much higher price. This makes me want to buy right now, and if I buy right now, who knows if it finally dips to even lower prices?
It's not as easy, you can lose hard earned BTC!!
There are way too many altcoins out there. If you can spend $1000 dollars on every altcoin you are already rich.
We need a new coin that can make us rich so we can get in at the bottom, but only shitcoins are released.
I want a new gamechanger coin that can make me rich so I can get in from the beginning, but I see nothing.
We need a new coin that can make us rich so we can get in at the bottom, but only shitcoins are released.
I want a new gamechanger coin that can make me rich so I can get in from the beginning, but I see nothing.
Why bother to wait for that to happen if we can make today a way to become "rich" my simply taking a ride on bitcoin and altcoin at the same time. You guys just want an instant rich scheme with that kind of desire.
Look how profitable bitcoin today and those alts. It's a matter of patience and good strategy to make your trading properly maintained it's winning streak while you are in the world of trades.
Just think of a good way seriously and you can win this game.
I think to become rich by holding altcoins is very unlikely to happen. As of now the only most reasonable cryptocurrency that can bring some fortune is certainly only bitcoin as of today. One possible but minute alt coin that has future can be Etheruem (ETH).
actually ether is always going to be one of those altcoins that will be good in short term and nothing else. you buy it low before the pump and just wait for the pump to reach its peek and then dump it to move on because history has proven that the price will go down in a slow fashion making everyone double think their decision to sell and end up keeping it and lose profit.
not sure man but $1000 invested in 1000 different alt, mean that you need at least one that reach 1000x or 10 that reach 100x or 100 that reach 10x, to me seems unlikely, one someone find a good alt that alt reach at best 10x and it happen one or two times per year, i think it's a bad strategy and he will lsoe money
There are way too many altcoins out there. If you can spend $1000 dollars on every altcoin you are already rich.
We need a new coin that can make us rich so we can get in at the bottom, but only shitcoins are released.
I want a new gamechanger coin that can make me rich so I can get in from the beginning, but I see nothing.
We need a new coin that can make us rich so we can get in at the bottom, but only shitcoins are released.
I want a new gamechanger coin that can make me rich so I can get in from the beginning, but I see nothing.
How about buying ICOs, I am referring with the good ones, not with scam coins. Existing altcoins now are already pumped, unless you are willing to wait to each of them to land to its lowest price before you buy.
Would one be super rich if one now bought 1000 of each altcoin under a dollar at the time of this writing 5 years from now?
I think to become rich by holding altcoins is very unlikely to happen. As of now the only most reasonable cryptocurrency that can bring some fortune is certainly only bitcoin as of today. One possible but minute alt coin that has future can be Etheruem (ETH).
actually ether is always going to be one of those altcoins that will be good in short term and nothing else. you buy it low before the pump and just wait for the pump to reach its peek and then dump it to move on because history has proven that the price will go down in a slow fashion making everyone double think their decision to sell and end up keeping it and lose profit.
Jump to: