Becoming rich owning all altcoins in 5 years? - page 3.

jeffthebaker

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Quote from: J1mb0 on February 19, 2017, 07:31:13 AM

Quote from: onlinehandelen on February 19, 2017, 12:18:00 AM

Exactly, I now have GNT, XRP, Dash, Ether and BTC itself.

Any suggestions in which ones are good?

Incent, Waves, Ardor, Chronobank (if you can get them for < 1$) - ICO coins that raised good funds and with devs who don't do a runner are a good long term invest (Ardor is more a 2nd gen ICO).

Hahahaha good joke buddy. If you're buying an ICO shitcoin AFTER the presale, more often than not, you're just throwing money away. You should absolutely not divert serious amounts of funds into ICO coins after they've already been listed on exchanges. With that being said, non-ico shitcoins or shicoins currently in ico are still fair game.

raphma

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buying every coin? you would be probably losing money.
there are more coins dying every day than coin going 100000$%.

but, if you do some search before and buy only the "good" stuff (and by "good" i mean coins with at least a solid team), you would be probably with some profit(and i wouldnt say very rich)

Arvydas77

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I get good profits from just a $100 initial capital investment. It turned into more than $4000 in half a year. But the pump was really hard and you should not expect such things to happen very often. You can become rich only by trading crypto, IMO. Do not play love with it because, as in a real life, you can burn hard. Buy and sell on a right time. It is everything what you need.

Febo

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Quote from: onlinehandelen on February 18, 2017, 09:14:33 PM

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?

No way. all you need is to buy $100 of every scam there is and sell when gets high enough.

Try to avoid coins with some project and stuff. Just look for most promoted and hyped. You will be rich in no time.

alyssa85

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Quote from: maku on February 19, 2017, 09:03:50 PM

Quote from: onlinehandelen on February 19, 2017, 08:22:24 PM

Ripple, Dash, Maidsafe

Ripple - are you really fine with a company which wants ultimately create 100 billion tokens while keeping half of it?

Dash - if you are into secretly instamined coins then Dash will be the best for you. /s

Maidsafe - this coin has great potential, if developers could deliver for once and fulfill their promises. Until then it is only forever Soon™️️ type of a project.

I think he is looking at coins purely on a profit basis, rather than whether the philosophy is right. So a speculator doesn't care about instamines or centralisation. Only whether the price rises after the speculator has purchased the coin.

Benchman

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Alts and long-term can't be together in one sentence. Wink

If your plan is to be active on market, then maybe. But then grab a few potential alts which can go easy upward. Sell when it comes pump time, and then invest in another which has potential at that time.

Buy some alts and forget about market for a few years is a joke. Better idea is to buy just BTC. But then profit percentage is much smaller.

maku

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Quote from: onlinehandelen on February 19, 2017, 08:22:24 PM

Ripple, Dash, Maidsafe

Ripple - are you really fine with a company which wants ultimately create 100 billion tokens while keeping half of it?

Dash - if you are into secretly instamined coins then Dash will be the best for you. /s

Maidsafe - this coin has great potential, if developers could deliver for once and fulfill their promises. Until then it is only forever Soon™️️ type of a project.

onlinehandelen

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Ripple, Dash, Maidsafe

Zer0Sum

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Quote from: onlinehandelen on February 19, 2017, 12:12:22 PM

Currently I own more than 1000 altcoins of some of the more prominent ones since yesterday and can say I am 29% up in 1 one day, please feedback.

Nice to hear from folks that are just starting out...
I own more than 20,000 altcoins... and hope that someday you gain experience. Please no feedback.

alyssa85

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Quote from: onlinehandelen on February 19, 2017, 12:12:22 PM

Currently I own more than 1000 altcoins of some of the more prominent ones since yesterday and can say I am 29% up in 1 one day, please feedback.

Do you want to share which coins you bought?

Bitcoinsummoner

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Quote from: cryptonikus on February 19, 2017, 01:12:00 PM

When you look at altcoins that were top 20 in January 2013, they are mostly dead, those few that stayed in top, didnt grow, rest was substituted with newer more advance coins. So no, I dont think it is a good idea. But you can regularly add every new coin that wil ever enter TOP 10 for more than month. It is better strategy, but it still doesnt mean you will be super rich.

You have a good point in altcoin there is no possibility that you can be super rich. if you can stay trades with only bitcoin and few altcoin that long live or stay for too long already you can just earn but you can be super rich.. the other altcoin is not the same as bitcoin. we are seen that altcoin are cheap if we buy 1000 in a dollar in 5 years i think the other altcoin there are not growing.. and the other are dead.. it will be the worst if you lose it all..
so better to watch the movement and sell if you seen the price is really high and you already made a good profit start selling it and wait again for the price low.. just like other trading said buy low and sell high..

cryptonikus

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When you look at altcoins that were top 20 in January 2013, they are mostly dead, those few that stayed in top, didnt grow, rest was substituted with newer more advance coins. So no, I dont think it is a good idea. But you can regularly add every new coin that wil ever enter TOP 10 for more than month. It is better strategy, but it still doesnt mean you will be super rich.

Ayers

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Quote from: onlinehandelen on February 19, 2017, 12:12:22 PM

Currently I own more than 1000 altcoins of some of the more prominent ones since yesterday and can say I am 29% up in 1 one day, please feedback.

how can this is possible? among 1000 altcoin only 10 or so might be good to have therefore you are losing quite a good amount of money on the other 990, if i was you i would hold only the promising one and get rid of the other

onlinehandelen

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Currently I own more than 1000 altcoins of some of the more prominent ones since yesterday and can say I am 29% up in 1 one day, please feedback.

robelneo

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Quote from: onlinehandelen on February 18, 2017, 09:14:33 PM

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?

We cannot tell,right now all we are seeing are scam ico and useless clone coin,only few coins has a good potential in the market,I recommend that you only buy coins listed in the top rank of coinmarketcap or use your own judgement based in your experience on what coin can yield profit fiver years from now on.

pereira4

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Quote from: BitcoinHodler on February 19, 2017, 08:06:20 AM

Quote from: onlinehandelen on February 18, 2017, 09:14:33 PM

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?

some opportunities only take place once or twice during our lifetime and they don't ever repeat themselves.
what you are explaining was only true about bitcoin once during the <2009 years when price was lower than $1 and it had lots of potential (it still has).

there are still altcoins that "get pumped 100% or even more" but that is temporary. you can see it in their history.
so in other words don't think 5 years. instead think 1 month or better yet a couple of days up to 1 week.

XMR pumped %2000 so pretty sure anyone that bought a decent amount in the early days is now rich

Same goes for when ETH was 20 cents a coin

So as we see... there are still chances to get rich in the altcoin world, the problem now is... what the hell is out there, that is interesting enough to get a solid pump? Pascalcoin? pumped real hard too, but its already correcting, thought decision to buy or not to buy.

Byteball? who knows if you are not buying right before the big dump as investors dump their free Byteballs.

FUCK this thin. I just want to hold the right coin and get rich, but I don't know how to do it, so im always in pain and stressed out.

alyssa85

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Quote from: onlinehandelen on February 18, 2017, 09:14:33 PM

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?

It kind of depends. It is the strategy that venture capitalists use - they invest small amounts in loads of businesses, lose money on 90%, break even on 5%, make a small profit on 4% and have 1% that really deliver.

The way to manage this is to ensure that you take profits when a particular coin surges. Otherwise it can die. People who invested in Doge right at the start, and then took profits when it hit 200 satoshis, did nicely. The ones who held thinking it would go even higher were disappointed.

So yes, it is a strategy that could work, but you have to be disciplined about not drinking too deeply from the hopium and taking profits when they present themselves.

thejaytiesto

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Quote from: onlinehandelen on February 18, 2017, 09:39:13 PM

Thanks Wedice, but can you explain why?

If there was an altcoin that would pump hard enough to make you rich from a tiny investment even by buying at the bottom, I would have already bought that, but if I was to be realistic, I cannot find a single coin that will give you that massive amount of profit at this point even in 5 years.

Of all the altcoins, I dont see a single altcoin worth holding for 5 years, and I still see bitcoin as number one coin... I wish to know the alt that will make us richer than a motherfucker, but unfortunately, I dont see it.

Socket54

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I remember when people said BTC was a scam,
then they said they government would stop it,
that fiat wouldn't allow it,
that silk road destroyed it....
and finally those people STFU
and regretted not buying at $2
and mining the hell out of them.

So look, the way i see it is if you see a coin you think has potential and its only a few bucks to load up a few thousands of them and forget about for 5 years, then go for it.
I did, and and waiting for the day it pays off again.

BitcoinHodler

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Quote from: onlinehandelen on February 18, 2017, 09:14:33 PM

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?

some opportunities only take place once or twice during our lifetime and they don't ever repeat themselves.
what you are explaining was only true about bitcoin once during the <2009 years when price was lower than $1 and it had lots of potential (it still has).

there are still altcoins that "get pumped 100% or even more" but that is temporary. you can see it in their history.
so in other words don't think 5 years. instead think 1 month or better yet a couple of days up to 1 week.

Topic: Becoming rich owning all altcoins in 5 years? - page 3. (Read 5487 times)