Is a million dollars possible? - page 3.

commander11

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0x3f17f1962B36e491b30A40b2405849e597Ba5FB5

Quote from: Evanston45 on December 14, 2017, 03:53:36 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?

Nothing is certain. If we would know, we are probably so damn rich by now. But that's not the case. We are in the phase of uncertainty. There many hindrance that cryptocurrency faces right now. Number one is regulation - different states upholds different regulation. 10000% gains will not likely to happen in just a year or two. It depends on how the market adopts regulation in the near future.

dimon_btc11

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Of course it is possible, if you invest and participate only in the most promising and expensive projects, I think for 1 year you can collect such a sum. But if you come across scams projects it's hard and 10,000 to collect

CryptoLucy

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dollar value it must fall a lot.That some coin could achieve 1mln dollars.

oxidoreductase

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Quote from: Evanston45 on December 14, 2017, 03:53:36 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?

Conceivable, on the off chance that you purchased ethereum multi year prior with your 10k usd. Presently you would have 600k USD. Close to wind up a millionaire

tamango

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everything is possibile in crypto world... but it's possible too that your 10.000 $ will become 100 in less than a month... so be carefull and invest not more than 10% of your capital!

nguyentina55

newbie

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Possible. There is a big possibility on that of millions of dollars without any trading and investing. How it will happen through joining in the campaigns that not scam. A campaign that have a good future for the next years to come.

lightning mcqueen

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I don't think its possible anymore to earn a million dollar in crypto by just holding a coin. The good of crypto is gone anymore. We can make money here of course but not as big as million dollars.

thuthi7

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If you have a solid capital and can hold on the market for at least a year, you can make good money. Of course, you can trade on the market, but I like the storage of coins.

ZeidFreak

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Macho Gwapito ako!

Yes we are on the new world order that time i guess, Cryptocurrency would be dominant and it will be bigger than ever. It will surpass the internet 2.0 from its current state.

De_nis

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This is a good question, I often changed my tactics from long investing to day sales, I invested in promising ICO and lost my money and came to the conclusion that me only need to trade with stable coins such as BTC.ETH, LTC!

catnap

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Personally, I have invested in MediBit ICO because their idea and core concept seem interesting. Take a look at their Bitcoin Talk page: https://bitcointalksearch.org/topic/--3219242 and website: https://www.medibitusa.com/ . They aim to build a global healthcare platform to fix the current issues of the healthcare system that has been inefficient. I think they have a good strategy and a solid team to make it happen.

wiliamsarang

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Digital cryptography can be anything at any time in the money market. the investments you make as a result of your research can quickly rise up. you can earn $ 1 million if the amount of money you invest is large

mattroibecon24

newbie

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Probably the time will come to have a million dollars if you buy now bitcoin in dip price and hold it in the future, you will notice your investment was a million dollars and enjoying your life with your family.

cerberus5424

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Nothing is impossible, but such a percentage of profit is possible in modern conditions only given the fact that you are investing in some kind of coin in a very long time.

Kreks

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Quote from: Evanston45 on December 14, 2017, 03:53:36 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?

The right Altcoin will take you up 100 times, but you should find it when it's really still in its initial price. And for a normal situation, maybe 2-3 years is the ideal time for a crypto to go global.

erikoy

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No it will not happen because there is no fast and easy money here in cryptocurrency with your 10K USD. Maybe in the near future it could reach to that money but it could take way longer just like what happen to bitcoin where it started to 1USD per BTC and after how many years the market price for bitcoin is now more or less 7K usd.

bulgar_84

sr. member

Activity: 779

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There is a lot of person who gained good money from cryptos so everything possible for us I think, if we do good investment, we can be millionaire and it is not much difficult.

Master Third

newbie

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No. Doing such big limitation for yourself in every opportunity that you can have in crypto world will never give that big amount of profit.

chnexus

newbie

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it is very much possible to be able to reach a million dollar thru long term investment. We can necer say as to how many months or even years it would take for such investment to reach its target value but you can try checking on your investment every 12 months and while you are st it, try to observe the trend of the coin you invested in.

RAMZA

member

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Merit: 10

Of course this is possible, but for this you need to invest several thousand dollars in a promising coin.

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