You need a pretty decent capital if you want to make this much money out of this bear run. I would say a couple dozen thousands of dollars at the very least. This is realistically speaking, because if we want to imagine things, we can. But just think how easy it would be if $10k would bring you a million. Might have been easy in the past halving cycles, but it does seem to get more and more difficult in time.
What is even more difficult is selling at the top. You get $10k worth of Bitcoin today, which gets you about half a Bitcoin. Say Bitcoin goes to $50k, then $150k and suddenly $500k. Do you think you will sell Bitcoin closer to $500k or to $50k? Only very few people get to sell at the top, so while on paper it sounds like an insane investment, how many really get to the top is a big question mark.
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Regards,
PrivacyG
Topic: how much would someone need in Crypto this bear run to become a millionaire? - page 4. (Read 441 times)
August 03, 2022, 06:10:11 AM
August 03, 2022, 05:39:52 AM
This can't be determined accurately. Honestly it's not about how much you have been investing in the token. It's about how good you can get a potential token or coin. The more money invested and it doesn't mean you will get more chance to achieve it easily. Even people with 10k USD can also become a millionaire easily as long as this guy can get the right investment. You must also aware if the fact that how much your money didn't matter a lot but it's like about how good you are picking the right coin.
Try to pick what your coin is and started to think about how far it will be going on before try to determine how much money needed to invest to become millionaire.
Try to pick what your coin is and started to think about how far it will be going on before try to determine how much money needed to invest to become millionaire.
August 03, 2022, 05:33:00 AM
For the top project, if you want to generate six-figure returns from your investments, you would need quite a bit of capital as most of the projects will grow, but there won't be any spikes in growth.
To become a millionaire with new projects with little capital you have to take risks, the chance of increasing from x100 or x1000 is very possible with new coins but they can also die or disappear, you have to trade risk to get high return. It all depends on the project you choose.
To become a millionaire with new projects with little capital you have to take risks, the chance of increasing from x100 or x1000 is very possible with new coins but they can also die or disappear, you have to trade risk to get high return. It all depends on the project you choose.
August 03, 2022, 04:48:21 AM
~ 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.
Let's use BNB for as an example to be specific.Current Price: $288
Potential growth in the next cycle: 10X or $2,880 (assumption only)
^ You'll end up with $100K if you buy BNB now with $10K capital and hold for the next two to three years ($500K with $50K capital). It's not a bad number if you want to bet with lower risk assets.
You can choose other coins/tokens lower than BNB but still with a decent marketcap and a healthy ecosystem. If you want, you can slowly accumulate and then let it sit in your wallets or let them grow in staking platforms like mycointainer.
August 02, 2022, 11:43:15 PM
Sometimes a person can be lucky to get a million USD with capital as little as tens of thousands or thousands of USD. - I say a little because compared to a million USD-
But in my personal opinion to get one million USD requires a capital of 100 thousand USD, it is more realistic, because in bear market times like this, if we buy the right coins we can get 10 times profit, Due to price increases from bear market time to market bulls can increase 10 times or even more.
But in my personal opinion to get one million USD requires a capital of 100 thousand USD, it is more realistic, because in bear market times like this, if we buy the right coins we can get 10 times profit, Due to price increases from bear market time to market bulls can increase 10 times or even more.
August 02, 2022, 11:42:17 PM
It depends on the project that they bought. Volatility of each project is unknown but there are some in the past who only need a $20 to $100 to become a millionaire based on the gains of the project. Example of that is shiba inu. In our local community, there are some who really become millionaire for such value of their holdings due to massive gain it bring which even them cant believe it themselves.
August 02, 2022, 11:30:50 PM
(.....)
What are your stacks like? Goals? Any thoughts?
For me, it's not about how much or it's not about the size. Another way how to become a millionaire, it's not easy. You may need to gamble here, high risk high reward. There is some project with a still low market cap or new projects that are not yet pumped but you need to be careful and accept the risk here. One of the example before about meme coins where most of them are shitcoins and no use but when they pumped, too much and lot of people earned huge profits. What are your stacks like? Goals? Any thoughts?
August 02, 2022, 10:55:22 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?
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?
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