Topic: how much would someone need in Crypto this bear run to become a millionaire? (Read 441 times)
August 17, 2022, 02:50:20 AM
Now the bearish market is running, at this moment any investment may not be visible to us. But when it comes to bull market even small investment can give us big amount of return which is possible only in this crypto. So not $50K or $10K but I would say if one invests less than that and invests in a potential project then it is possible to get good returns. In this case, some expert say that it would be more worthy to invest in a few potential coins maximum $100.
August 17, 2022, 02:39:06 AM
I know it depends and one alt that pulls a Shiba could mean a small amount. I guess I’m just figuring a general BTC ETH type investment and maybe other higher-ranked Alts.
It's a good choice, shiba can't promise for any profit in investment, i also believe high-ranked Altcoins to be a choice BTC, ETH a good decision.I hope that in the future there will be a good change for the new ATH for me to invest.
August 17, 2022, 01:05:55 AM
Diversification is not really a strategy to increase profits, diversifying your assets is done as a way to protect yourself form losing too much money in the case one of your assets went down hard.
If your goal is to make money then you need to do the opposite, which is to concentrate your capital in just a few assets and in that way increase your profits when those assets go up in value, however as you may guess this strategy entails a bigger risk and it is not appropriate for everyone.
I do agree that diversification is a great method to make sure you do not lose all of your money. But, when you do that in crypto, it is not the same because if X coin goes down, and the market goes down, then Y coin will go down too and you would be standing there with absolutely no protection.If your goal is to make money then you need to do the opposite, which is to concentrate your capital in just a few assets and in that way increase your profits when those assets go up in value, however as you may guess this strategy entails a bigger risk and it is not appropriate for everyone.
Diversification should be about industry, methods and things. It means, if you want to invest into stocks, do not have more than 10% of your portfolio in just one industry, and do not have more than 5% on any stock. If you want to, you could diversify as gold, stocks, bonds, crypto that way you would have 25% in all of them. When market is bad like these days though, even that won't save you too much.
In order to achieve a decent level of diversification then our capital needs to be invested in different markets, to the ones you mention I will add real estate, collectibles like art and commodities as good markets in which you could diversify your investments, however if your goal is to make as much profits as you can then this market is a good choice in which to concentrate the majority of your money.
August 12, 2022, 07:42:06 PM
realistically speaking, no one would know which coins will pump hard after the bear run. but much better if you invest in rock solid coins like btc, eth, or bnb.
some people are aiming to become an instant millionaire, but that's not gonna happen for all. you will be lucky if your investments will give you positive profits after holding it long time.
Invest only what you can afford to lose, in crypto space it doesn't matter how much you investing, even a 50$ investment can easily turn to 300$ so do only what you are willing to lose, and avoid being greedy.
some people are aiming to become an instant millionaire, but that's not gonna happen for all. you will be lucky if your investments will give you positive profits after holding it long time.
August 12, 2022, 02:16:22 PM
I don't know why everyone wants to become a millionaire. There is nothing wrong with becoming a millionaire but if you go for it with a plan the risk can be reduced significantly. Long jumps are also more risky. First of all, the capital should be that which you don't need, if there is a loss, you don't care, so the amount should be less, Then you can increase it gradually by following the target and whenever there is a profit fifty percent of it should be withdrawn from the investment. If this happens, the chances of risk are also less and you will be in profit despite the loss.
August 12, 2022, 01:32:25 PM
Invest only what you can afford to lose, in crypto space it doesn't matter how much you investing, even a 50$ investment can easily turn to 300$ so do only what you are willing to lose, and avoid being greedy.
August 12, 2022, 01:09:28 PM
I think the most important if someone is investing in crypto is all about consistency. You'll get into being a millionaire if you're consistent in investing.
There's a need for you to realize that even you've got the calculations on how much you need to become a millionaire for you to invest, you need to remember that the crypto market has always been volatile.
Correct. Consistency is the key. Invest in the right altcoin and be taking out your profit slowly. Little by little your profits will be accumulating to thousands of dollars. By the end of the year, if you calculate your profits, you will find out that you have made big profits from the investments of the year.There's a need for you to realize that even you've got the calculations on how much you need to become a millionaire for you to invest, you need to remember that the crypto market has always been volatile.
To be a millionaire in crypto comes with intellect, it doesn't come if you didn't apply wisdom to it
August 12, 2022, 12:33:47 PM
It's depends on how much you own, assuming you have 1000$ to risk you can split that into 4 different altcoins with a good utility like Matic, Kadena, algorand and Gala games, these projects can still give you 8x to 10x each.
August 12, 2022, 12:25:02 PM
A 100$ in a few projects years back turned 10,000$, yes you heard me right, the trick is getting into the projects faster than others, find a project that haven't been recognised yet and they plan on fixing problems affecting other projects, for example Saito, high risk higher gains.
This is a very risky plan because there's a huge difference between now and then on the number project existing in both time period. Thousands of shitcoin and decent project being introduced in daily basis that will increase the difficulty for a certain project that you are trying point out to get the spotlight. The competition is tough nowadays and the chance that you being stuck on useless tokens is high if you are chasing on project that has problem even though they have plans on fixing it.
Investing on IDO with blue chip project is the easiest way to get a quick profit and get the early advantage. The only problem was most of the launchpad requires huge amount of there utility tokens to hold before you can purchase piece of this startup tokens. It's worth it than the method you are suggesting.
August 12, 2022, 12:16:29 PM
A 100$ in a few projects years back turned 10,000$, yes you heard me right, the trick is getting into the projects faster than others, find a project that haven't been recognised yet and they plan on fixing problems affecting other projects, for example Saito, high risk higher gains.
August 12, 2022, 12:04:41 PM
You really can't predict it out, we have a reason for diversification and making more ROI is one of the reasons, the other is to lower risk of losing everything, I have someone who invested 1000$ in Matic years ago in 2020 and he made 270,000$, find good projects and stick with them.
Diversification is not really a strategy to increase profits, diversifying your assets is done as a way to protect yourself form losing too much money in the case one of your assets went down hard.If your goal is to make money then you need to do the opposite, which is to concentrate your capital in just a few assets and in that way increase your profits when those assets go up in value, however as you may guess this strategy entails a bigger risk and it is not appropriate for everyone.
Diversification should be about industry, methods and things. It means, if you want to invest into stocks, do not have more than 10% of your portfolio in just one industry, and do not have more than 5% on any stock. If you want to, you could diversify as gold, stocks, bonds, crypto that way you would have 25% in all of them. When market is bad like these days though, even that won't save you too much.
August 10, 2022, 03:42:05 AM
You really can't predict it out, we have a reason for diversification and making more ROI is one of the reasons, the other is to lower risk of losing everything, I have someone who invested 1000$ in Matic years ago in 2020 and he made 270,000$, find good projects and stick with them.
Diversification is not really a strategy to increase profits, diversifying your assets is done as a way to protect yourself form losing too much money in the case one of your assets went down hard.If your goal is to make money then you need to do the opposite, which is to concentrate your capital in just a few assets and in that way increase your profits when those assets go up in value, however as you may guess this strategy entails a bigger risk and it is not appropriate for everyone.
August 09, 2022, 11:21:46 AM
How further can the next bull run take bitcoin? Being conservative, 100,000$ looks a possible scenario in my opinion. When bitcoin hits a new ATH, the following one is much more expressive than the previous one.
I remember btc reached close to the 20,000$ mark in 2017 and in 2021 the next ATH reached close to 70,000$. If patterns existed on this market, I would say the new ATH should be around 200,000$.
In that scenario, an investor would need to acquire 100,000$ in btcs right now to prepare himself for that hypothetical bull run, in order to achieve the goal of becoming a millionaire.
I remember btc reached close to the 20,000$ mark in 2017 and in 2021 the next ATH reached close to 70,000$. If patterns existed on this market, I would say the new ATH should be around 200,000$.
In that scenario, an investor would need to acquire 100,000$ in btcs right now to prepare himself for that hypothetical bull run, in order to achieve the goal of becoming a millionaire.
August 09, 2022, 08:56:48 AM
it depends on what coins or tokens she or he holds. all i know is enthusiasm of meme coins is getting lower and lowr while people are looking to invest in great project for long term success . project such as polkadot and other major coins that runs on polkadot such as glmr , aca , astr are gonna ride the naxt wave of bull market by rejecting enthusiasm of bullshit coins and tokens. real utility will make millionaires. you can turn your $100 to a $1 million you are brave enough invest in right project. none of these are financial advices.
August 09, 2022, 02:13:38 AM
if the target is bitcoin, then it may take more than 20 bitcoins to become a millionaire on the next bull run. Assuming that bitcoin's future price is $50k, it's pretty clear that that's a low price given that bitcoin's ATH exceeds that price. however, by owning 20 bitcoins, you have reached $1 million. then, with this the target to become a millionaire in the next bull run has been achieved. if you want something more secure, then make more than that. if the bitcoin price has passed $50k, then it will be a huge addition for you, especially if you have more than 20 bitcoins. Yeah, but it's not something easy.
August 08, 2022, 07:39:26 PM
The bigger marketcap you have used it as investment and the bigger money is actually needed to make you become millionaire. The low marketcap means low amounts of money needed to make you become millioniare. The main point was on the marketcap of token.
If that has low marketcap and it can give you big money if you are only investing small amounts of money but otherwise it needs bunch of money if that has big marketcap
If that has low marketcap and it can give you big money if you are only investing small amounts of money but otherwise it needs bunch of money if that has big marketcap
August 08, 2022, 02:57:26 PM
You really can't predict it out, we have a reason for diversification and making more ROI is one of the reasons, the other is to lower risk of losing everything, I have someone who invested 1000$ in Matic years ago in 2020 and he made 270,000$, find good projects and stick with them.
August 08, 2022, 10:50:53 AM
if you are preparing for long term meaning for at least buying more in this bear market , investing that 50k to promising coin for the next halving such as Binance and ripple? and at least cardano and solana?
maybe those will save us from losing and bigger option to become millionaire , but always ready for sideways.
Ripple? The one that didn't even break the 2018 all time high during the biggest run of crypto ever in 2021? I do not think that it would work that way. Maybe 50k would work because 20x in the next bull run is not impossible and it would probably get close somewhere there with many coins, but I wouldn't say it could possibly be ripple, it would probably be something else.maybe those will save us from losing and bigger option to become millionaire , but always ready for sideways.
In the end, we are living life with an idea that if something is good then it is good all the time, it doesn't just suck for a while and then suddenly become good again because nothing good would suck that bad ever. This is my idea though, maybe I am wrong and it will have a good future.
August 04, 2022, 01:28:31 PM
I don't think you need a lot money.
Because, we have future market and 2 direction price (Short/Buy). In-future we can get more profit rather than usual trading with not using a lot money. In LUNA tragedy could be taken as example.
If we short with huge margin even with a small money, you still get a good chunk. LUNA can be taken as example like "American Crisis in 2007/2008" one life time chance and people are shorting getting a thousand % profit.
Because, we have future market and 2 direction price (Short/Buy). In-future we can get more profit rather than usual trading with not using a lot money. In LUNA tragedy could be taken as example.
If we short with huge margin even with a small money, you still get a good chunk. LUNA can be taken as example like "American Crisis in 2007/2008" one life time chance and people are shorting getting a thousand % profit.
August 04, 2022, 11:54:26 AM
if you're being realistic, you definitely needs a big capital in achieving that, after all becoming millionaire isn't that easy.
there is reason very few millionaire exists in this world because it's simply is hard in order to become millionaire.
if the next bullrun were to come , the more realistic increase would be 4 times of your initial investment, that already requires you have hundred of thousands of dollars as an initial investment.
there is reason very few millionaire exists in this world because it's simply is hard in order to become millionaire.
if the next bullrun were to come , the more realistic increase would be 4 times of your initial investment, that already requires you have hundred of thousands of dollars as an initial investment.
Your chance of getting millions of profit will depend on the risk that you're willing to take. You need a huge capital plus the courage to hold it until the bull run approaches but that will surely take time so you must be patient. Just be sure that you're allocating your own funds on your investment and you're also willing to face the risk of losing it because there's still no assurance of profit in crypto so you must be ready for the possibilities.
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