easily it requires you to invest like $200,000, just imagine if the new ATH of BTC reached, then at least it gonna go 5 times than the current prices.
it means that for you to become millionaire it requires you to invest like $200K and once the ATH reached you could become a millionaire, after all small capital will get you nowhere in term of investing.
it's always the bigger capital that could give you tremendous returns.
Topic: how much would someone need in Crypto this bear run to become a millionaire? - page 3. (Read 498 times)
August 03, 2022, 06:47:43 PM
August 03, 2022, 06:36:00 PM
Interesting...
Well, what we just need to become a millionaire is to accumulate more Bitcoin or potential altcoins, and wait for the bull season where you can expect to see your investment multiply several times. Just imagine if you have $50,000 worth of crypto right now at it was at least x3 during the bull season that $150k is really big enough. How much more if you add more capital? As long as you can still afford to do it and invest more while the price is cheap, becoming a millionaire is not a problem for you OP, and of course, it was possible.
Well, what we just need to become a millionaire is to accumulate more Bitcoin or potential altcoins, and wait for the bull season where you can expect to see your investment multiply several times. Just imagine if you have $50,000 worth of crypto right now at it was at least x3 during the bull season that $150k is really big enough. How much more if you add more capital? As long as you can still afford to do it and invest more while the price is cheap, becoming a millionaire is not a problem for you OP, and of course, it was possible.
August 03, 2022, 04:57:01 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.
August 03, 2022, 04:11:09 PM
I believe if you start out with just a few hundred, you could definitely get to a point where it makes sense to reach to a million "eventually". There isn't any time limit in the question, if you want to be a millionaire by the end of next bull run then you would need two things, either you are going to end up buying some shady small cap stuff that will get lucky and make you rich, or you are going to deal with high leverages and be right a few times in a row at least and back to back as well. But I would say the logical thing would be to buy now, and wait for it to peak, sell, wait for it to crash and repeat that a few times, would be easier and wouldn't take a genius to do it.
August 03, 2022, 04:09:29 PM
Realistically how much would someone need in Crypto this bear run to become a millionaire aide next bull run?
Investing on a bear market with good coins is a good strategy, because we all know the top coins will rise again and if we are able to bough during the bear market, we can expect good profit. If we are talking about Bitcoin here and you are able to buy at the price of $18k for $300k, then when BTC hit the price of its peak at around $65k, then its possible to hit that $1M profit, but then again we are just talking here speculative and seriously that $10k capital can't hit a million mark if you are just holding passively and don't even try to trade it. We should not expect that much if we only have a limited funds, to become more motivated to reach your goals, you should also need to become more realistic and see the real scenario. August 03, 2022, 04:04:48 PM
Something tells me Shiba Inu would be the meme of 2022. It has been gathering steam and a whole load of whales believe in it and accumulating it, despite the creator doing a disappearing act on them. So yes, Shiba would be a good one to DCA in this bear market
August 03, 2022, 03:57:16 PM
That's the problem with most of you newbie- you want to be an overnight millionaire. That's why y'all always end up falling for a scam.
How can you be asking this kind of a question.
Seriously?
This is also my thinking, they are expecting too much the moment they invested in crypto most probably, they got hyped as well that’s why they are asking this kind of question. Regardless of you capital, you can still be a millionaire but of course it will take a lot of work and sacrifices. Also remember that its all about the risk you are willing to take and there’s no assurance for this one, newbies should be more realistic and continue to learn about the market, its good to have this kind of goal. How can you be asking this kind of a question.
Seriously?
August 03, 2022, 03:56:27 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?
This is something that is very difficult to answer because if we are honest the majority of the people will lose money instead of earning it, so for them no amount of money will allow them to make a million dollars in profits.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?
If we try to be conservative bitcoin could reach something like 150k during the next bull run, so if you were to buy when the price of bitcoin was at 20k that would be a 650% increase and you will need 134k dollars to reach millionaire status, now this amount of money could go down if you were willing to take a risk with altcoins, but that is something I would not recommend unless you know very well what you are doing.
August 03, 2022, 03:54:22 PM
Considering 10x is quite realistic for bitcoin, I have to say about 100k. If you have 5 bitcoins today, when the price goes up in 2024 or 2025 a lot (after halving) then we are going to end up with a good return on that for sure. Doesn't mean that we should be quite happy with what we have right now, but it does mean that 5 bitcoin is not something many people have. How about we turn that into two cycles then? Have 10k right now, and 100k next bull run and 1 million on the one after that? It is just under 10 years and could definitely happen. Or how about we do something like constant income, how?
Well, you put more and more money in during this period, making it cut shorter, because you can buy bitcoin more than once.
Well, you put more and more money in during this period, making it cut shorter, because you can buy bitcoin more than once.
August 03, 2022, 03:43:46 PM
I think it gonna requires at least hundred thousand of dollars to make you millionaire once the bullish finally comes into action.
after all we're really not that far off from the ATH and for getting good return of investments that could make you a millionaire, bigger capital is needed as usual.
it's kinda normal though since if you want to become a millionaire with relatively low capital, new alts is the way but then again you have bigger chance of losing your investment in the long run.
after all we're really not that far off from the ATH and for getting good return of investments that could make you a millionaire, bigger capital is needed as usual.
it's kinda normal though since if you want to become a millionaire with relatively low capital, new alts is the way but then again you have bigger chance of losing your investment in the long run.
August 03, 2022, 02:09:39 PM
To become a millionaire in the future is unpredictable and there is no benchmark must have great assets. maybe you can become a millionaire with only $ 100 capital. Case in point is Dogecoin. how many people have become millionaires because they only hold Dogecoin with small capital. The crypto space is very difficult to predict, the most important thing is that we know how to choose the best altcoin in the future.
August 03, 2022, 01:41:19 PM
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?
questions like this really don't need to be asked because an investor who wants to invest in crypto will not talk about how much money they have to spend to invest in bitcoin or altcoins. and i myself have never calculated how much money i have to invest in some coins to get rich.what i know now is to continue to buy bitcoins or altcoins regardless of the amount in the future you will become a millionaire
August 03, 2022, 11:37:01 AM
That's the problem with most of you newbie- you want to be an overnight millionaire. That's why y'all always end up falling for a scam.
How can you be asking this kind of a question.
Seriously?
How can you be asking this kind of a question.
Seriously?
August 03, 2022, 09:21:18 AM
10BTC will make you a millionaire in the next bull run.
Something like 145 ETH will make you a millionaire in the next bull run. Various shitcoins will perform very well but I can’t provide an educated guess on which ones & how many you’ll need as they’re such a lottery.
Something like 145 ETH will make you a millionaire in the next bull run. Various shitcoins will perform very well but I can’t provide an educated guess on which ones & how many you’ll need as they’re such a lottery.
August 03, 2022, 09:21:05 AM
To achieve $1 Million by investing Bitcoin, you need around at least $200K since if Bitcoin made new ATH at $100K, it mean the price already 5x times more higher from your beginning capital.
If you want to achieve $1 Million by just using $10K, then you need to be patient since you need to wait the Bitcoin price x100 times more higher than the current price e.g. $2 Million.
Don't think to made instant profit, you can just do DCA-ing to buy every dip of Bitcoin until you reach $1 Million.
The initial $10k fund won't reach $1 million, I think the OP is too ambitious to reach the impossible target in the future, maybe he should lower the target to $100k it might be realistic to achieve when BTC will hit ATH.If you want to achieve $1 Million by just using $10K, then you need to be patient since you need to wait the Bitcoin price x100 times more higher than the current price e.g. $2 Million.
Don't think to made instant profit, you can just do DCA-ing to buy every dip of Bitcoin until you reach $1 Million.
I agree with your opinion, currently the price of the top coins has decreased significantly during the bear market but we should use the DCA method to minimize losses, I apply 3 parts to buy when price signifies recovery, when price stabilizes and buy more when price is lower.
August 03, 2022, 08:54:48 AM
I believe that in the long term, 30-50 years we will all be millionaires even with a fraction of bitcoin or with some shitcoin.
But at the same time due to inflation, in practice, it will be just a normal amount of money and nothing else.
Nowadays becoming a millionaire with crypto currencies is a kind of myth unless you have some absurd luck like buying an unknown crypto coin that has a huge exploit ... but even there, the risk of losing a lot of money is much much higher then earn this huge amount of money.
Actually I am focusing on two aspects that I consider priceless: happiness and free time. everything else is secondary...
But at the same time due to inflation, in practice, it will be just a normal amount of money and nothing else.
Nowadays becoming a millionaire with crypto currencies is a kind of myth unless you have some absurd luck like buying an unknown crypto coin that has a huge exploit ... but even there, the risk of losing a lot of money is much much higher then earn this huge amount of money.
Actually I am focusing on two aspects that I consider priceless: happiness and free time. everything else is secondary...
August 03, 2022, 08:31:57 AM
If you can afford to invest $100k worth of Bitcoin or ETH, you are likely making a way to become a millionaire someday. However, it was a question also to follow if you can also afford to wait for the next bull season.
Thinking about becoming a millionaire isn't naturally a joke, this can be real if we can afford to risk more. But because only a few people can afford to do it that is why this could be just a dream for many people. I urge you not but still keep on your limitations and ONLY invest the money that we can afford to lose in our hands.
Thinking about becoming a millionaire isn't naturally a joke, this can be real if we can afford to risk more. But because only a few people can afford to do it that is why this could be just a dream for many people. I urge you not but still keep on your limitations and ONLY invest the money that we can afford to lose in our hands.
August 03, 2022, 08:15:57 AM
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.
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.
August 03, 2022, 06:26:57 AM
To achieve $1 Million by investing Bitcoin, you need around at least $200K since if Bitcoin made new ATH at $100K, it mean the price already 5x times more higher from your beginning capital.
If you want to achieve $1 Million by just using $10K, then you need to be patient since you need to wait the Bitcoin price x100 times more higher than the current price e.g. $2 Million.
Don't think to made instant profit, you can just do DCA-ing to buy every dip of Bitcoin until you reach $1 Million.
If you want to achieve $1 Million by just using $10K, then you need to be patient since you need to wait the Bitcoin price x100 times more higher than the current price e.g. $2 Million.
Don't think to made instant profit, you can just do DCA-ing to buy every dip of Bitcoin until you reach $1 Million.
August 03, 2022, 06:19:45 AM
Of course, still goes on how much capital you are going to invest initially. But since the price is just $20k already, might be good if you have like half of it and then just invest and hold it till the next bull run.
But for those early adopters, I doubt it, I mean they have been investing when bitcoin was maybe like $10-$100.00 in price. So they obviously doesn't need huge capital. But they really have that mentally to hold it for so long to be able to just made a huge profit and become a crypto millionaire.
But for those early adopters, I doubt it, I mean they have been investing when bitcoin was maybe like $10-$100.00 in price. So they obviously doesn't need huge capital. But they really have that mentally to hold it for so long to be able to just made a huge profit and become a crypto millionaire.
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