Is a million dollars possible? - page 18.

Sithara007

legendary

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Leading Crypto Sports Betting & Casino Platform

Quote from: Evanston45 on December 14, 2017, 02:53:36 PM

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?

You want to convert your principal amount of $10,000 to $1,000,000? Such fairy tales don't happen very often in the crypto-world. There have been a few coins, which has given 100x or even 1000x returns. But such events occur only once in a blue moon.

Singwala

sr. member

Activity: 462

Merit: 260

Quote from: Evanston45 on December 14, 2017, 02:53:36 PM

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?

Yes it is possible, But it takes a long time and of course support especially in government. Certainly when the government has accepted the bitcoins and used it as payment, then we are sure we will see the rapid increase in prices.

So hold on bitcoins because we'll see ATH again!

Bitmedrano040117

sr. member

Activity: 462

Merit: 251

Quote from: Evanston45 on December 14, 2017, 02:53:36 PM

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?

10k to 1 million means x100.
Taking into account the fact that solid coins already have a huge capitalization, such a result will be rather difficult to obtain. I can assume that it will take at least 5 years.

drogba773

member

Activity: 294

Merit: 15

Of course its possible, but need a very long time to reach it. maybe 2 or 3 years.

yarozaqu

newbie

Activity: 31

Merit: 0

Quote from: Evanston45 on December 14, 2017, 02:53:36 PM

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?

It is possible a million dollars, If you have alot of money to buy crypto for long term investment or trading.

Ward

sr. member

Activity: 522

Merit: 257

XETHER - BET ON HONESTY !!!

Some members show growth up Eth, Ltc eth in last year as examples. But such groth was when all market increase capitalization. Remember 2015 year, when all market falling down

tamerl4n

member

Activity: 81

Merit: 10

I would like to earn so much! it would be cool if I could make so much money on cryptocurrency and really in a short time

keykey1

full member

Activity: 406

Merit: 100

Quote from: Evanston45 on December 14, 2017, 02:53:36 PM

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 am sure that there are hundreds of guys around the world who made more than a million dollars working in cryptocurrency industry. Talking more accurately these guys were first and lucky crypto believers.

bitcoinsc

jr. member

Activity: 439

Merit: 1

I think any coin with good tech will turn into a million bucks. Gotta wait for the hype up to 5 years

EducoinVietnam

member

Activity: 420

Merit: 10

to make the same amount in General is very difficult,especially if you're a beginner.it seems to me that it happens only with incredible luck

AliveBuda

member

Activity: 206

Merit: 10

It was possible to get a million dollars if you bought 4yrs ago and now the value of bitcoin was so high and could make you a millioner now, and make some big investment in big ICOs to get big return and possible to make millioner. Wink

msycitizen

newbie

Activity: 46

Merit: 0

If you look at the market with a good understanding and update the information of the coins you buy, you can make a big profit.

CADguy

full member

Activity: 330

Merit: 100

I think that now there is a good study of the market you can find a few different coins, which during this year can add to the cost of ten times. but it's a big risk. after all, you can not guess and lose everything.

Carina.P

full member

Activity: 490

Merit: 100

I don't think we can predict it. When the market comes, you don't know where it will go. Only seize the opportunity to gain profits or reduce losses.

veraro

full member

Activity: 966

Merit: 100

Harmony for One and All

I suppose it possible, but chances that it happened is very very small. There is no doubt that some coins which price now less then 0.1 $ will grow in hundreds times within nearest couple years. But problems is you never guess which coin it will be.

galvinfly

newbie

Activity: 25

Merit: 0

everything is possible in this world))) The guys need just not give up to act and act. And to explore the market to engage in bounty companies additionally and you can achieve all

thunderbitz2717

sr. member

Activity: 594

Merit: 250

I think it would be wise if you would buy as soon as possible. These coins raise at a steady pace and I think if your in for the long term, you should start as soon as possible. Maybe it would take you a couple of years or so, but it will be worth the wait as its more likely for you to have millions.

nicesun260

newbie

Activity: 81

Merit: 0

I cannot say we will have the same chances in the future as well because the market is too fluctuating.
However, considering the cryptocurrency market is still at its early stage, we will get some chances for sure.

BlackRacerX

full member

Activity: 462

Merit: 102

Quote from: Evanston45 on December 14, 2017, 02:53:36 PM

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 don't think you'll get this in a year. You'll probably have to wait an average of 3-4 years before your alt coins that you've preciously invested on will grow to new heights. That's why try to invest to as many alt coins as possible because who knows that one day one of those might be price a thousand dollars a pop.

Semen89

member

Activity: 154

Merit: 10

Now the market is very unstable and it is therefore very difficult to find good coins for investing and which will really give a good profit, but if you can find something you can find

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