Is a million dollars possible? - page 47.

Jorosss

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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?

its possible, if you just check the value of ethereum and ripple in their early days and compared to now, that is a very high profit if you buy from the start. If you want to make it possible, you risk your investment to a coin that is below 1$ and wait for years to hold, that would be a long shot and very risky

Rudementry

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You should study new projects. I bought NEO a year ago. Its price was 20 dollars. But I really liked the platform, the idea, the project itself. I bought. Not much, of course, to get rich, but some amount. Look at the cost now. This is $ 100 with a low market in general and 150-175 at the peak of market growth and coins in particular. If you choose good projects, then you will not need to re-arrange the portfolio every six months.

gustaf.berg

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Quote from: grumpylittlepoodle on January 27, 2018, 11:33:55 AM

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 very possible and actually most of the millionaire born from cryptocurrencies are those who just bought and hold or some accidentally held their coins and caught by surprise in the sudden growth of bitcoin in value. I think it would take years of patience and a dash of luck for it to happen though.

I have whitnessed by myself. One of my friend made his first million dollars from ethereum already. I actually started to crypto currencies because of him. I am hoping to achieve the same that he did it.

AndriyPilipyak

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yes it is possible but not fast- learn and invest for long term in best projects-platform.Wich? I think-EOS,ETH,Bancor

Jafri101

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Yes definitely it can be possible if you play wisely. I have seen some legit ICOs that have the potential to make million of dollars. But that is if and if you invest in legit icos wisely.

batturkey

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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?

So I guess you asking how long it takes to make 100X with a top20 Coin.
2017 was an incredible year and many coins went 10-50X to up.
to expect the same from 2018 is way too positive.(doesnt mean that's impossible)
But I guess it would take 2 more Bitcoin Blockhalving so 2024-2025.

grumpylittlepoodle

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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 very possible and actually most of the millionaire born from cryptocurrencies are those who just bought and hold or some accidentally held their coins and caught by surprise in the sudden growth of bitcoin in value. I think it would take years of patience and a dash of luck for it to happen though.

sksshopee

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If you dedicate yours work and proper time to them and your luck is must your side and you buy a bitcoin and hold it in one year you became a rich person.

bitor

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You can't earn so much money without daily trading, it's can be only if some coin rase like BTC, but, it's impossible

Irkytsk38rus

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Araw ICO

Unfortunately, it seems to me that we will not see more such growth , so that people almost from scratch earned a million of this will not be

DontPlayWithMe

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Yes a millions of dollar are possible. I suggest you go participate on the new upcoming ICOs. There are a lot of upcoming ICOs that has a really lot of potential in the future that will help our technology in this world. You should do your own search first before participating on it because there are a lot of ICOs that were a scam. So be careful ok? Best of luck.

Kemileye

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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?

Its very possible to make a million dollar with 10k investment on the only condition of holding your coin for a very long time. If you are a coin flipper when you make little gain then its not possible to make million dollar with 10k investment.

StacyKo

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Quote from: bobylee on January 25, 2018, 03:25:34 PM

Assuming you find a coin that has very high potential in gaining values, and with the new found popularity and cryptocurrency’s,
i wont get surprised for one to reach crazy prices. My recommendation is keeping up on crypto news I am only pulling the trigger on an investment when you see a very good coin.

Thank you for such helpful recommendations

Daddyj2

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it's possible if you hold your coins for 2-3 years and the coin you bought has a solid foundation and has a great team.

ansh_848

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If you hold it for long time than it is going to be a big money. Lite and eth are to best to invest into right now because their price is less now and soon they will increase.

valnd

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Until the end of time

Yeah a million dollars is doable with an ICO investing and holding for a long time. Example is Ian Balina who invested 20k in icon last year, the investment have turn into over 2millon .

MaiQwaN

sr. member

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You should choose not expensive coins of promising projects with serious technology and keep them for a long time. But we must remember that it is a great lottery.

copperminer

newbie

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Of course 99% is chance and 1% should be solid research but what is way more important is the starting capital.
So if you invest 10k you only need 100x times which is of course more likely than 1k ( since you need 1000x ) .. but if cryptocurrency become mass adopted i think any investment could become easily 1 mill.
The only thing to concern here is that if cryptocurrency gets mass adoption you probably don't want a million anymore, just don't invest in total shitcoins

Bitforking

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we are only human, and we could not resist a big profit or a massive loss. so it is easy to start and only fools would success to hold BTC from $1 for 1k coins.

so the money is there to be earned but whether you are lucky enough to get it...

you need to loss memory for several years after purchase! Grin

Spaffin

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It is possible to earn a million dollars, if you buy a certain number of tokens at the beginning of their journey, which will be claimed and will grow in price. I think many have already taken advantage of such a fluke. It is now quite difficult to earn large sums on known coins, not counting bitcoin. Very good profits are given by small unknown, recently released tokens. If you correctly determine their prospects, this can bring a good result.

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