Is a million dollars possible? - page 49.

kopdul

jr. member

Activity: 36

Merit: 1

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?

Is not going to happen mate, no coin can reach that big amounts/$1M for rate to dollar. I think government authorities will not quite if some cryptocurrency take their attention, they will stop it with their way.

Stelarion

newbie

Activity: 61

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Quote from: Osiris0 on January 24, 2018, 08:30:11 PM

A lot of good words were said. How I feel about the topic - it is just a waste of time if crypto and blockchain are just $$$ for me. I understood that I really feel happy when I am participating in some really good projects that could really make our future better and cyberpunk world will not so bad as scifi had shown. So, the future needs our time, not our money or our ability to earn money. Only believers and enthusiasts are happy. Otherwise it is going to be eternal race for $

You are absolutely right. Everyone should support a projects in which they believe. It is good to promote great ideas, it gives meaning to someones life. But also, in this material world, it is nice to earn some additional income. And that is the beauty of crypto world, great ideas are bringing you great money, most of the time.

Osiris0

member

Activity: 266

Merit: 11

A lot of good words were said. How I feel about the topic - it is just a waste of time if crypto and blockchain are just $$$ for me. I understood that I really feel happy when I am participating in some really good projects that could really make our future better and cyberpunk world will not so bad as scifi had shown. So, the future needs our time, not our money or our ability to earn money. Only believers and enthusiasts are happy. Otherwise it is going to be eternal race for $

kivo2004

jr. member

Activity: 71

Merit: 1

It's certainly possible but you have to watch the market very closely and exit at the right times if stuff goes wrong.

Pie_pew

newbie

Activity: 30

Merit: 0

It is possible if you are a great trader (a friend of mine made x10 in 4 months) or lucky enough to invest in something that is about to moon.
Otherwise it will take years to make a million

axiline

full member

Activity: 462

Merit: 114

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.

StacyKo

newbie

Activity: 56

Merit: 0

IMHO, it's really hard to get 1m. you should invest a fortune to be rich

bigdogdan2

full member

Activity: 252

Merit: 106

many have become millionaires off crypto, so its definitely possible, even at this stage in the game.

coolcharacter

newbie

Activity: 42

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It is very possible but you need a strong mindset to hold on till you hit that million dolla status.

kendra1107

full member

Activity: 476

Merit: 100

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?

Your question is, is a million dollars possible...Yes! But it will surely take some time with a $10K investment. The "Twins" actually became billionaires with their investment! But they had to put in $10M for that to happen. Your goal is certainly attainable considering the experiences of some forum members or traders where they earned huge especially in 2017. Will there be another 2017? Probably! But couldn't be certain when..hopefully soon!

kiddeon123

full member

Activity: 291

Merit: 101

https://icoenergy.org/

yes it is possible for you to become a millionare in crypto and many already done so when they invest in bitcoin, Etherium ang other coins that already have a high price today. I thibk you shoukd find a good altcoin and hold it maybe for a year and hope that it will follow the same patch that ETH, BTC and other crypto does.

barlo357

full member

Activity: 574

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Everything is possible especially you initiate your goals try to invest at least 10k usd to top find altcoins and hold it maybe up to a year but you need to monitor the exchange also to be able to find which coin you gonna sell it then after that invest again to another have potential coin and so on. Just enjoy investing you can see in the and of the day you will have a million dollars already.

kickero0O

jr. member

Activity: 57

Merit: 10

Quote from: malfurionbtcn on January 24, 2018, 05:25:11 PM

I think that It's quite possible, but you should invest in the beginning, and you should invest a lot.

I know someone from a bounty campaign who reach a 1 million dollar worth. Also someone who bought 500,000 tokens and the price even reach 3 dollars. In cryptocurrency is very possible if you have more tokens and got lucky.

nobetci

member

Activity: 238

Merit: 10

ARIZN - Tokenised Crowdfunding Platform

I think it is not impossible that catching incredible profits with cryptocurrencies. If you look at the price charts, you can clearly see that, the past is full of unbelievable profit opportunities which are not exist now.

malfurionbtcn

jr. member

Activity: 70

Merit: 1

I think that It's quite possible, but you should invest in the beginning, and you should invest a lot.

ufalo3

full member

Activity: 462

Merit: 100

Quote from: Celebrity on January 23, 2018, 12:19:52 PM

Quote from: shirackjs on January 23, 2018, 11:27:49 AM

IMO, it is possible to turn $10,000 to 1 million in crypto. The coin just have to generate 100 times profit which is not surprising in crypto.

This happened many times probably, but we're not one of those lucky ones. Hopefully early adopters of coins and tokens can make money from them in the future with a good amount possibly.

Those ones who have already become millionaires thanks to trading and cryptocurrency will answer you positively. However, they initially invested more than 10K, and they bought BTC and ETH before their jump. Still hope to become richer holding Bitcoin.

LitleCryptic

member

Activity: 336

Merit: 10

Of course it is possible. Geometric progression will help us in this, even if we do not trade often, but simply be informed about what is happening.2 years and you can become a millionaire.

BitcoinMarketer39

full member

Activity: 392

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ADABsSsSsSsSSSsS

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?

Yes it is possible, bitcoins before is just 13$ dollar per coin and those who invest a thousand pieces of btc are already millionaires today. There are videos on youtube of young wealthy people who invested on bitcoins in the early 2013 so try to invest today on cryptocurrency and become a millionaire tomorrow.

MarkZuckerCoin

jr. member

Activity: 34

Merit: 3

Find for a good coin with lot of knowledge about and great potential!
Coins which made 1000x % is impossible to make you rich that fast...

Jating

hero member

Activity: 2842

Merit: 772

Quote from: rammanbl4 on January 24, 2018, 02:10:05 PM

The interesting thing about investing in ICOs is that you can very quickly become a millionaire because if you choose a potential ICO, the chances of making a profit are high. So you need to research specific to find the potential ICOs, if you find you will have a lot of money from it.

I don't like the idea of ICO being your goal to get rich quick. It's not the way because there are a lot of scam ICO nowadays that even you do your due diligence to research and study before investing your money, chances are you could end up with nothing. Hard to differentiate legit and scam, they evolved as well.

But as far as hitting 1 million for a single coin, maybe, but it will take a lot of years to achieved that. Even its hard to see bitcoin touching it 10-15 years from now.

I have stocks that I been holding for more than 10 years but so it didn't do any good. Though its possible, but we are not sure how long will it takes for any coins to reach that amount.

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