They say that if you buy bitcoin and ethereum and hold it for at leas a year you will get a chance to earn a million depending on the the value of market of both coins...earning as big as million is not that possible if one really knows how to strategize and now how to keep your wallet safe
and secure
Topic: Is a million dollars possible? (Read 5537 times)
If one were to buy and hold solid avaerge coins (not a coin that kicks out and gets 10000% gain), but rather a nice steady gain like eth, Ltc etc (top 20) and starts with 10k, is it possible to reach a million without trading and buying/selling at highs and lows? If so, how long would you predict it would take? Or are most coins not going to last long term, so every 6 months would I have to rebalance with newer coins?
Impossible recently but possible for a few years later. Buy the token that you see it potential, have a small supply and cheap price. You can get close to your target. Be like Ethereum 1 year ago or Ripple.
Based on what I have observed there is no actual timing for everything. I noticed that many times the coins are really appearing to create a waveform. Today the price is up, the next days the prices goes down low. It spikes up and sometimes get a bit stable for a moment. So with these being observed I think a million dollar is not quite possible within just a few year or maybe not at all because the prices are not really increasing in value continuously and everyday.
If one somehow managed to purchase and hold strong avaerge coins (not a coin that kicks out and gets 10000% pick up), but instead a decent unfaltering addition like eth, Ltc and so forth (top 20) and begins with 10k, is it conceivable to achieve a million without exchanging and purchasing/offering at highs and lows? Provided that this is true, to what extent would you foresee it would take? Or then again are most coins not going to keep going long haul, so at regular intervals would I need to rebalance with fresher coins?
Such coins are so rare that it takes several years to produce one. And we have to find it. After all, there are too many tokens in the market.
Yes definitely indeed! It is really possible for someone to be a millionaire in dealing cryptocurrencies. We have seen this for the past years and we also have seen that many well-known personalities are getting involved in cryptocurrencies and now getting richer and richer when they invest in cryptos. So I can safely say that the possibility of making a millions and being a millionaire is really big in cryptocurrencies.
To reach a million dollars by start $10k is possible by duration 3 to 4 years depend on the situation of crypto market. I think many investor who started in crypto since 2011 to 2013 already make it last year, because the price of all popular coin already gained more than 100 times. And now is not late to start it because market cap of crypto still very small and possible to go to multi trillion dollars in a few years.
Yes, maybe 2 - 3 years from now millions is possible, keep on believing this coin, now is very low price and you will be patient to wait longer maybe you will what you expect.
To reach a million dollars by start $10k is possible by duration 3 to 4 years depend on the situation of crypto market. I think many investor who started in crypto since 2011 to 2013 already make it last year, because the price of all popular coin already gained more than 100 times. And now is not late to start it because market cap of crypto still very small and possible to go to multi trillion dollars in a few years.
Yes ofcourse it is possible and achievable...... To be sincere, luck is also involved if u will have such within a short while...... It may take time, then, u may need to invest huge amount to realise million dollars which is also risky, personally I don't put all my eggs in one basket... Too risky....You need to gather experience I advice you take it step by step to minimize loss and maximize profit...... I d
Everything can happen It is possible but need a long time to earn million dollars, even with a profit consistency and less losing. You need more capital if you want to earn in fastest way, but do not forget that market are unpredictable.
chance is slim but there is chance, is suggest you to adapt with time, maybe there is no point will be to hodl top30 coins and only icos will bring money, just adapt and there is chance for million.
If one were to buy and hold solid avaerge coins (not a coin that kicks out and gets 10000% gain), but rather a nice steady gain like eth, Ltc etc (top 20) and starts with 10k, is it possible to reach a million without trading and buying/selling at highs and lows? If so, how long would you predict it would take? Or are most coins not going to last long term, so every 6 months would I have to rebalance with newer coins?
Without certain experience, Trading and Hodling are risky. The most acceptable method of investing at the moment is ICO. For a more successful contribution, you need to carefully analyze the project. Identify is necessary for the market side. For example, the Kelvin Blockchain project has an innovative method of encryption, transmission, storage, and security. All this is based on quantum computing. Thus becoming in demand in the future.
If one were to buy and hold solid avaerge coins (not a coin that kicks out and gets 10000% gain), but rather a nice steady gain like eth, Ltc etc (top 20) and starts with 10k, is it possible to reach a million without trading and buying/selling at highs and lows? If so, how long would you predict it would take? Or are most coins not going to last long term, so every 6 months would I have to rebalance with newer coins?
I think this will be impossible,,, because you need a huge fortune.... this is like gambling, and of course many risks are facing...
I think there is many millionaire in here bitcointalk.org So it seems possible. But better calculate potential of your strategy and act on that. 
I remember how my brother in 2016 wanted to buy the Ethereum at $ 14 for $ 1000. But when he learned that the founder was russian did not want to communicate with this. 
If one were to buy and hold solid avaerge coins (not a coin that kicks out and gets 10000% gain), but rather a nice steady gain like eth, Ltc etc (top 20) and starts with 10k, is it possible to reach a million without trading and buying/selling at highs and lows? If so, how long would you predict it would take? Or are most coins not going to last long term, so every 6 months would I have to rebalance with newer coins?
A million bucks is not that big of an amount if you'll think about it especially for those who has the capital to invest. But the best thing to do really is to look for a highly promising new project, buy a reasonable amount of their token and hold them for a few years (remember what happened with BTC). So a million dollars is not far fetched really. It is very possible to achieve especially for those who are determined and willing.
It is possible only when you hit a jackpot or if you have bought bitcoin or ethereum four or two years ago respectively. Now I think no coin will make you riches overnight as regulations are already in place. I also think regulations are good for cryptocurrency to go stronger and stable in the future. So do not think to become riches overnight.
you can earn a million do not even buy cryptocurrency. now even this site gives a lot of opportunities for earnings. for example, the various bounty of the company or ico projects. well, if it is a cryptocurrency, now no coin is able to grow 1000 times.
But there are a lot of people who earn good money from cryptos so it's all possible for me, I think, if we make a good investment, we can be a millionaire and that's not too difficult. 
Of course it is possible, if you have 500k for example But with the small sum it will be very difficult to reach 1mln...
But with the small sum it will be very difficult to reach 1mln... Possible, if you bought ethereum 1 year ago with your 10k usd. Now you would have 600k USD. Very close to become a millioneire
If you bought litecoin 1 year ago with 10k usd, you would already have 1 millione usd in your pocket
there is always a possibility in the cryptocurrency market, the one thing you have to look at is the time, how long do you need to reach that possibilityIf you bought litecoin 1 year ago with 10k usd, you would already have 1 millione usd in your pocket
it could take a year or maybe a few years
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