Topic: how much would someone need in Crypto this bear run to become a millionaire? (Read 498 times)
August 17, 2022, 01:50:20 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, 01:39:06 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, 12:05:55 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, 06:42:06 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, 01:16:22 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, 12:32:25 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, 12:09:28 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, 11:33:47 AM
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, 11:25:02 AM
A 100$ in a few projects years back turned 10,000$, yes you heard me right, the trick is getting into the projects faster than others, find a project that haven't been recognised yet and they plan on fixing problems affecting other projects, for example Saito, high risk higher gains.
This is a very risky plan because there's a huge difference between now and then on the number project existing in both time period. Thousands of shitcoin and decent project being introduced in daily basis that will increase the difficulty for a certain project that you are trying point out to get the spotlight. The competition is tough nowadays and the chance that you being stuck on useless tokens is high if you are chasing on project that has problem even though they have plans on fixing it.
Investing on IDO with blue chip project is the easiest way to get a quick profit and get the early advantage. The only problem was most of the launchpad requires huge amount of there utility tokens to hold before you can purchase piece of this startup tokens. It's worth it than the method you are suggesting.
August 12, 2022, 11:16:29 AM
A 100$ in a few projects years back turned 10,000$, yes you heard me right, the trick is getting into the projects faster than others, find a project that haven't been recognised yet and they plan on fixing problems affecting other projects, for example Saito, high risk higher gains.
August 12, 2022, 11:04:41 AM
You really can't predict it out, we have a reason for diversification and making more ROI is one of the reasons, the other is to lower risk of losing everything, I have someone who invested 1000$ in Matic years ago in 2020 and he made 270,000$, find good projects and stick with them.
Diversification is not really a strategy to increase profits, diversifying your assets is done as a way to protect yourself form losing too much money in the case one of your assets went down hard.If your goal is to make money then you need to do the opposite, which is to concentrate your capital in just a few assets and in that way increase your profits when those assets go up in value, however as you may guess this strategy entails a bigger risk and it is not appropriate for everyone.
Diversification should be about industry, methods and things. It means, if you want to invest into stocks, do not have more than 10% of your portfolio in just one industry, and do not have more than 5% on any stock. If you want to, you could diversify as gold, stocks, bonds, crypto that way you would have 25% in all of them. When market is bad like these days though, even that won't save you too much.
August 10, 2022, 02:42:05 AM
You really can't predict it out, we have a reason for diversification and making more ROI is one of the reasons, the other is to lower risk of losing everything, I have someone who invested 1000$ in Matic years ago in 2020 and he made 270,000$, find good projects and stick with them.
Diversification is not really a strategy to increase profits, diversifying your assets is done as a way to protect yourself form losing too much money in the case one of your assets went down hard.If your goal is to make money then you need to do the opposite, which is to concentrate your capital in just a few assets and in that way increase your profits when those assets go up in value, however as you may guess this strategy entails a bigger risk and it is not appropriate for everyone.
August 09, 2022, 10:21:46 AM
How further can the next bull run take bitcoin? Being conservative, 100,000$ 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, 07:56:48 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, 01:13:38 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 $50k, then it will be a huge addition for you, especially if you have more than 20 bitcoins. Yeah, but it's not something easy.
August 08, 2022, 06:39:26 PM
The bigger marketcap you have used it as investment and the bigger money is actually needed to make you become millionaire. The low marketcap means low amounts of money needed to make you become millioniare. The main point was on the marketcap of token.
If that has low marketcap and it can give you big money if you are only investing small amounts of money but otherwise it needs bunch of money if that has big marketcap
If that has low marketcap and it can give you big money if you are only investing small amounts of money but otherwise it needs bunch of money if that has big marketcap
August 08, 2022, 01:57:26 PM
You really can't predict it out, we have a reason for diversification and making more ROI is one of the reasons, the other is to lower risk of losing everything, I have someone who invested 1000$ in Matic years ago in 2020 and he made 270,000$, find good projects and stick with them.
August 08, 2022, 09:50:53 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, 12:28:31 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, 10:54:26 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.
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. 
August 03, 2022, 06:47:43 PM
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.
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.
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.
August 03, 2022, 05:10:11 AM
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.
-
Regards,
PrivacyG
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.
-
Regards,
PrivacyG
August 03, 2022, 04:39:52 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, 04:33:00 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, 03:48:21 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, 10:43:15 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, 10:42:17 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, 10:30:50 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, 09:55:22 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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