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 if you are lucky 
Topic: Is a million dollars possible? - page 54. (Read 5538 times)
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?
if luck is by your side it is possible 
I think $ 10k is too small if your target is millions of dollars, you are not trading and just hold. there are some new coins that can make it happen if you can choose it and know the potential before the price rises to high
With $10k I think it's possible. But I think it will take longer this time, maybe like few years (not guaranteed though) due to the prices.
I think, the best is to invest most of your money in a famous altcoins with a good, solid, and steady gain like ethereum. Then you can invest some of your money to ICOs too, if you find a good project that is. There are lots of 'sleeping giants' altcoins right now. We're just can't see through it. I hope you can get your million dollars!
I think, the best is to invest most of your money in a famous altcoins with a good, solid, and steady gain like ethereum. Then you can invest some of your money to ICOs too, if you find a good project that is. There are lots of 'sleeping giants' altcoins right now. We're just can't see through it. I hope you can get your million dollars!
Possible, if you bought ethereum 1 year ago with your 10k usd. Now you would have 600k USD. Very close to become a millioneire 
If you bought litecoin 1 year ago with 10k usd, you would already have 1 millione usd in your pocket
If you bought litecoin 1 year ago with 10k usd, you would already have 1 millione usd in your pocket
True, when you invested more during the time that the coin is at the lowest price and up to now you are holding it then you are a millionaire now.
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?
well luck matters mate if you are lucky of course you can become a millionaire 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?
well their is always the luck factor if luck is with you of course you will be a millionaire 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 if luck is on your side
look at the history of the stock exchange and you will see that theoretically this is possible, but what will happen in reality is that no one will answer you for sure
Everything depends on the starting capital and the correct choice of the coin. And one million dollars is a very real figure. The hardest thing in my opinion is the choice of a coin.
A beginner earn $ 1 million is a fantasy. Need experience, large investments. With $ 1000 or even $ 10,000 make a million is not possible.
I think it's important to emphasize this, some people try to make it sound easy but it's not.
It's probably way harder now too.
Compared to for example when someone bought btc when it first came out is probably rich af.
Possible, if you bought ethereum 1 year ago with your 10k usd. Now you would have 600k USD. Very close to become a millioneire
If you bought litecoin 1 year ago with 10k usd, you would already have 1 millione usd in your pocket
Agree. One Million dollar is not impossible in cryptocurrency but there is a condition, and that is to learn to wait and never panic after choosing the good project for investment. Let the time for your labour brings you the lossible million dollar. If you bought litecoin 1 year ago with 10k usd, you would already have 1 millione usd in your pocket
I would divide my money.
Invest in some good (speculative) altcoins.
The rest I would try to get profit from trading...even if microtrading (getting 5 / 10% on each trade).
At least that's what I'm doing at the moment.
Invest in some good (speculative) altcoins.
The rest I would try to get profit from trading...even if microtrading (getting 5 / 10% on each trade).
At least that's what I'm doing at the moment.
I even know a couple of those making their 100k USDs 1 million in 1-2 year. Yes, it is possible.
If you try nothing is impossible
Yes, it is possible if you can hold coins with great potential and patience not to panic sell. 1M is possible.
The present society offers a highly dynamic and unpredictable market of crypto currency where nothing is impossible. However, technically the real way of achieving that kind of a value with the initial start of the coins, is to start the business at the very initial stage. I would suggest that it would be even better if you can predict the rise of the current altcoin and obtain it when it is still in ICO phase as a token. To predict with absolute perfection is a very difficult choice. All the traders who invested at the very initial stage has to be very optimistic. They need to depend completely on the belief that the price of the coin to rise to that level as predicted. Most of them are being guided by the rise of Ethereum and are hoping that the coin they are holding will rise too. Finally, the success to reach the million dollar mark would be possible primarily if we are lucky to obtain the real coin from the very start and be able to deliver a prediction with minimum variation to the actual price.
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?
Possibly its a yes but do not expect too much that you will gradually gain that much by just simply holding your assets nowadays. Unless you have already bought those when they are just newly established way back 2009 because if you did, the large difference between the recent and the current price is observable meaning your holding might really cost that much nowadays. But you must also do some ways to make your holdings grow more and that was by investment and there are other lots of ways to do so. A beginner earn $ 1 million is a fantasy. Need experience, large investments. With $ 1000 or even $ 10,000 make a million is not possible.
I think it's important to emphasize this, some people try to make it sound easy but it's not.
A beginner earn $ 1 million is a fantasy. Need experience, large investments. With $ 1000 or even $ 10,000 make a million is not possible.
Jump to: