Topic: how much would someone need in Crypto this bear run to become a millionaire? - page 2. (Read 498 times)
August 04, 2022, 09:10:52 AM
Another case of the Luna crash would be the best for anyone looking to be the next millionaire. Luna's price drops down to -99% then turn back at x80 if you brought in at the near bottom. Just in around 1 month for all of that to happen so anyone with like a grand to ten grand can be the next millionaire right away in a short time, provide he brought at the near bottom. I've seen many set in Luna too early, at 1 or 2 dollars price, and lost when it comes even lower, at less than a cent.
August 04, 2022, 07:47:39 AM
Putting millions on a certain investment gives you such a level of returns as well. But figuring out how crypto investment multiplies your money during Bullrun even just having $100k as capital could possibly make you rich or might be a millionaire. However, it was a question then if you can really afford to do that and risk that amount. Because as to be practical, only rich people could afford to do that and earn more while these poor people did less and earn less.
If you have that capacity to invest more, your dreams come true otherwise.
If you have that capacity to invest more, your dreams come true otherwise.
August 04, 2022, 07:37:50 AM
In my opinion it's not all about money, I mean your capital is definitely matter, but to gain some significant profit, it also depend on how much time you are willing to invest and how much knowledge you already get about crypto. If you know a lot and you are willing to invest much time to do thorough research, even with less than half-million you can turn it into 1 Million. On the other hand, even if you got Millions of dollar capital but you do reckless investment in crypto, the punishment will be much harder, you might loss more than half of your asset value in single night.
Other factor is of course luck, and maybe what the 'whale' want to do.
Other factor is of course luck, and maybe what the 'whale' want to do.
August 04, 2022, 03:31:43 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.
maybe those will save us from losing and bigger option to become millionaire , but always ready for sideways.
August 04, 2022, 01:57:51 AM
Becoming a millionaire with a very risky investment is not an easy thing for us to get because basically the cryptocurrency market will not always move as we expect, so it really requires us to choose the right project to serve as an investment so as not to lose, see previous LUNA projects where many people believe that the project can make them millionaires but in reality almost everyone who invests with their LUNA has to suffer huge losses.
August 04, 2022, 12:41:48 AM
This again. The high-speed chase to being a millionaire. You know there are a lot of members here that had been in the cryptocurrency industry but were never a millionaire. It's not because they are unlucky but they have the patience to wait.
It's not about how much you invest, it's about picking the right investment.
It can take longer, so what? As long as you are in a safer method. You could go high-risk like Shiba or other altcoins out there and yes, there's a slight chance to achieve the shortcut million-dollar jackpot but there's a high chance it won't and you lose it all.
Ask yourself first if you are ready to take that kind of risk because there's no going back once its done.
It's not about how much you invest, it's about picking the right investment.
It can take longer, so what? As long as you are in a safer method. You could go high-risk like Shiba or other altcoins out there and yes, there's a slight chance to achieve the shortcut million-dollar jackpot but there's a high chance it won't and you lose it all.
Ask yourself first if you are ready to take that kind of risk because there's no going back once its done.
August 04, 2022, 12:24:16 AM
Realistically how much would someone need in Crypto this bear run to become a millionaire aide next bull run?
Realistically and practically, you will need to have at least $500k and put it in Bitcoin or ETH rather than any other alts.
$500k is a pretty huge sum of money so you gotta make sure you're putting your money where it has a lesser risk.
You will definitely going to make millions once Bitcoin will have another bullrun and hits another ATH.
That's, the realistic way of taking advantage of this current bear season.
August 04, 2022, 12:10:19 AM
I think if you have billion dollars invested in some shitcoin in this market then definitely you will be a millionaire soon after they start going down and be sure to take out your money because it could end up to zero also 
You need huge amount invested in the market in right coin to make you good amount of profits can't say about millionaire status as it take some time for it to grow seeing all the volatility but you can invest in some top altcoins if you wish to do so like SOL at this time and have strong development ahead but can't say about how much time it will take for you to reach desired target.
You need huge amount invested in the market in right coin to make you good amount of profits can't say about millionaire status as it take some time for it to grow seeing all the volatility but you can invest in some top altcoins if you wish to do so like SOL at this time and have strong development ahead but can't say about how much time it will take for you to reach desired target.
August 04, 2022, 12:05:39 AM
Don't try to become a quick millionaire in the crypto market. Taking into account that you are a newbie to the market, I recommend that you do not get too enamored with what the market can provide you with without considering the risks you may face. Not all become millionaires when entering the market, most just lose money and only a few make money.
I think he is not trying to become a quick millionaire, he is just asking for a realistic numbers that he needs to invest right now in the bear market.
And yeah I think maybe around the figures, $50,000-$100,000 will be a good ball park numbers And it's really what altcoins you are going to invest. I would say perhaps ETH or BNB, at least solid coins in the top 10 might do the trick for the OP. Although the initial investment is already big for the majority of us, but there could be some investors out there who are more willing to invest that kind of money in crypto space.
August 04, 2022, 12:05:06 AM
Prices are driven by the whales. I think even if you invest enough money up to tens or even hundreds of thousands of dollars to move the market to become what we define it to be very difficult. Whales in groups, if one person with a large capital wants to compete they will easily fall. The wise choice is to follow the trend, even with not too big a capital so being a millionaire shouldn't be difficult.
August 03, 2022, 11:58:10 PM
Don't try to become a quick millionaire in the crypto market. Taking into account that you are a newbie to the market, I recommend that you do not get too enamored with what the market can provide you with without considering the risks you may face. Not all become millionaires when entering the market, most just lose money and only a few make money.
August 03, 2022, 11:46:17 PM
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.
That's wise understanding, to do it means don't put eggs in one container, place eggs in several containers to hatch more, crypto has a long future, if you consider BTC, ETH, BNB and some others are in investment, maybe you will be a new billionaire in the next 3-4 years in your area/country.I remember one farmer in the country who invested in three types of coins for 2 years with a capital of $ 30k, from his income 50 percent to invest, it turns out he succeeded now has become a billionaire.
August 03, 2022, 10:54:56 PM
Well, if you're going to invest in Bitcoin, ETH or other top coins in CMC then you really need a big capital if your goal is to become rich when bullrun occur. Buy as many as you can because it will be worth it in time.
However if your choice is to invest in meme coins or similar alts that can pump high, you dont need much unlike if you invest in top coins. But it is high risky and also depending on luck because you can also lose your capital.
However if your choice is to invest in meme coins or similar alts that can pump high, you dont need much unlike if you invest in top coins. But it is high risky and also depending on luck because you can also lose your capital.
To become a millionaire from investing in crypto, we do have to have a large capital, and not everyone can invest in crypto with a large capital.
Because everyone's income and needs are different, so everyone will have a different time to become a millionaire. Therefore we must get used
to always investing in crypto regularly from some of the income we have. The more coins we buy, the closer we become to millionaires,
the problem is not all coins are worth buying and can generate profits. Therefore I prefer to focus on investing in top coins, maybe the profit
generated is not as big as new coins or meme coins, but at least the risk we will face is much smaller if we invest in top coins. We definitely want
to become millionaires in a safe way and with minimum risk, so collecting top coins is the right way.
August 03, 2022, 10:03:25 PM
Realistically how much would someone need in Crypto this bear run to become a millionaire aide next bull run?
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.
Assuming we break ATHs again and maybe even clear above a $100k BTC how much money should someone try and get in during this bear/sideways market now?
I’m afraid you would still need like $50k or more to make that kind of money and I do not make enough money to hit that goal within the year...but I’m hopeful maybe $10k could make at least six figures as that seems more realistic for many people here.
What are your stacks like? Goals? Any thoughts?
Not everyone has the same view of investing, so it's hard to say that's my chance and yours too. Even with BTC, ETH, and BNB, we all see the opportunity to get rich after a few years of holding with 20 to 50x returns, and I think OP can calculate how much you can earn with them. Personally, the method that I participate in is not to just buy and wait, because for me this is difficult when the mentality is hard to shake, but honestly, it is easy to change when not satisfied. satisfied. Maybe for many people, DCA for a long time is a great strategy and even when I apply it, I feel it works. I don't remember exactly how much money I have put into this market, but I try every month to accumulate some crypto assets. 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.
Assuming we break ATHs again and maybe even clear above a $100k BTC how much money should someone try and get in during this bear/sideways market now?
I’m afraid you would still need like $50k or more to make that kind of money and I do not make enough money to hit that goal within the year...but I’m hopeful maybe $10k could make at least six figures as that seems more realistic for many people here.
What are your stacks like? Goals? Any thoughts?
August 03, 2022, 09:56:01 PM
To be a millionaire right now one's portfolio needs to be worth of atleast $250k. This means in the long term when the market bounces, surely the same can turn to a million.
Well, it's not a small amount and more importantly what coin will you choose to invest 250k USD to reach 1 million USD in the future. It sounds simple, but in practice it is not so simple. The market fluctuates unpredictably, sometimes causing us to lose money if we are too eager to make a profit or the dream of becoming a millionaire quickly will kill us. Even worse if this $250k is from a loan, we shouldn't aim too far but build our investment step by step using whatever capital you have.
August 03, 2022, 09:32:34 PM
Well, if you're going to invest in Bitcoin, ETH or other top coins in CMC then you really need a big capital if your goal is to become rich when bullrun occur. Buy as many as you can because it will be worth it in time.
However if your choice is to invest in meme coins or similar alts that can pump high, you dont need much unlike if you invest in top coins. But it is high risky and also depending on luck because you can also lose your capital.
However if your choice is to invest in meme coins or similar alts that can pump high, you dont need much unlike if you invest in top coins. But it is high risky and also depending on luck because you can also lose your capital.
August 03, 2022, 09:17:24 PM
Realistically how much would someone need in Crypto this bear run to become a millionaire aide next bull run?
You have a positive attitude in this bear market which is good but this is also the time that you need to be very careful on picking the right coin to buy as some coins are not moving up in the bull run
Quote
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.
Shiba is doing well right now in this bear it's good to hold got the next bull run profit, your portfolio should consist of coins that have proven their worth in the bear market you can take, new coins but be sure you did your research Quote
Assuming we break ATHs again and maybe even clear above a $100k BTC how much money should someone try and get in during this bear/sideways market now?
It always comes to money that you can afford to lose and money that you have spared never invest your life savings remember Luna and Celsius, many investors pour in their life savings and look what happens. Quote
I’m afraid you would still need like $50k or more to make that kind of money and I do not make enough money to hit that goal within the year...but I’m hopeful maybe $10k could make at least six figures as that seems more realistic for many people here.
If you have that money and it's not coming from loan or life savings and you are a true risk taker then go for it, expect the best but have a grasp of the worse.
August 03, 2022, 07:36:29 PM
Realistically how much would someone need in Crypto this bear run to become a millionaire aide next bull run?
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.
Assuming we break ATHs again and maybe even clear above a $100k BTC how much money should someone try and get in during this bear/sideways market now?
I’m afraid you would still need like $50k or more to make that kind of money and I do not make enough money to hit that goal within the year...but I’m hopeful maybe $10k could make at least six figures as that seems more realistic for many people here.
What are your stacks like? Goals? Any thoughts?
crypto is just like a win or lose game if we didn't win then we will lose, we cannot predict the future but there are always a possibility, so we keep on investing based on our way of understanding or based on what coins we wanted to have that we think can bring us to millions of profit, only one thing i can say just keep going or search for the very best just have patience for good. 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.
Assuming we break ATHs again and maybe even clear above a $100k BTC how much money should someone try and get in during this bear/sideways market now?
I’m afraid you would still need like $50k or more to make that kind of money and I do not make enough money to hit that goal within the year...but I’m hopeful maybe $10k could make at least six figures as that seems more realistic for many people here.
What are your stacks like? Goals? Any thoughts?
August 03, 2022, 06:59:21 PM
To be a millionaire right now one's portfolio needs to be worth of atleast $250k. This means in the long term when the market bounces, surely the same can turn to a million.
August 03, 2022, 06:57:38 PM
IMHO, that's not the right way of setting your goal. Well, it's a good plan but you need to be realistic about what you can achieve. Like setting first a goal of earning at least $1k, $10k, and so on. Making you earn a million is a big challenge but you need to take steps each time you proceed as you progress as a crypto investor. Just DCA and you'll eventually see how much you've grown over time but remember that there's no need for you to rush on things like this. We all want to become rich but you should also know your capacity as an investor.
I have to agree on this since if you set something that might keep stressing you because of your set goal you might end up not getting them at all. It's best to just do what you can and stop thinking whether you could earn a million or not in x years or so because there are other factors that might hinder you from hitting your desired target. And I don't think you could be a millionaire in when you only invest in altcoins which is not really that profitable compared to Bitcoin. Unless if you have almost a million but the risk is quite high if your target is just to get a million or something therefore, nobody knows when or what will happen in our future. Jump to: