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?
People tend to think that the bitcoin opportunity was a one time thing and whoever invested in it at it's beginnings had the unique privilege to make a fortune , since people accused the coin to be a scam project at that moment and only realized that they were wrong when it crossed the 1k per coin limit .
Yet that same opportunity presents itself every once in a while with numerous altcoins , such as Eth , BCH and many others ..
You just need to be lucky enough to pick that coin at a "trivial amount" and be patient enough (years ) to see it skyrocket ..
I think you will have to keep coins for at least 3-4 years to hope that they will receive up to $ 1 million. I recommend that you have NEO and ADA in your portfolio.
ADA or Cardano is a very solid coin and is expected to remain one of the top 5 from now on , the coin has a very solid team behind it and is very secure to use . Neo doubled in value in less than a month , i'm a bit doubtful about it since it struggled a lot in the last year as well as 2016 , if it's going through a hype , i'll be wanting to wait for it's end to put some money in it , but i'll be watching it closely .
