Is a million dollars possible? - page 59.

EZLATINUM

newbie

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Quote from: VarDiff on December 14, 2017, 03:55:14 PM

Everything is possible in crypto

If you're not planning to trade (because in this case, I'm 99% sure you'll lose everything in the first year) — it's possible
Invest your money in strong coins from the top. Read their whitepapers first, look on the team and you will choose nice coins I guess

But anyway, don't think about a million every day. Money should be treated easily.

Take this advice...

BurgerCash

jr. member

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Quote from: dissident on December 16, 2017, 06:50:31 PM

That would give bitcoin a market cap of 16.7 trillion dollars, which is not possible, in my opinion. $100,000 is possible, but the amount of global money needed to hit a market cap of 16 trillion dollars will not be achieved without a huge global inflationary event.

Basically this. I think Mcafee will do a very painful thing on live tv in 2020 Sad

dissident

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That would give bitcoin a market cap of 16.7 trillion dollars, which is not possible, in my opinion. $100,000 is possible, but the amount of global money needed to hit a market cap of 16 trillion dollars will not be achieved without a huge global inflationary event. Throw in these forks that they are having and more likely will be that the mainstream media will start questioning the legitimacy of bitcoin. If you ask me people are getting too greedy for their own good and shooting themselves in the foot for short term gain when they do stuff like introduce a new fork of bitcoin every month. People complain to me because they don't like that I support DeepOnion when they think it's a scam but then they go and pump these bitcoin forks like Bitcoin Diamond as if they do nothing to hurt bitcoin in the long haul.. give me a break.

Hopefully a good proof of stake based coin with a catchy name can spur a "new economy movement" in crypto currencies and take the front spot. Wink

btcdamnit

sr. member

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If you had invested in top 10-20 coin Market cap wise
Even 10000$ a year ago...

I am sure by now you would have 2-3 million $ by now..

NEO ETH BTC DASH LTC XRP XMR ETC etc every one of them exploded

BureauChef

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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?

If you invest $50k in a good coin and if it makes 20x after your investment done, you simply become a millionaire. Similar things was seen in the previous times of the crypto market. Some coins did this.

hah

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It's possible and some people already done it, but it's hard. It's closer to gambling than anything else. Research buy, hodl and hope for the best.

madarkieus

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Quote from: Hodll on December 16, 2017, 03:48:31 PM

Definately possible if you just hodl the coin and hope for mass adoption then it will happen. Remember this crypto scene is still in its infancy stage 5 yrs from now probably half the planet will have heard about crypto and that will be a game changer.

Yeah, we just jumped over 500 Billion market cap for all cryptocurrencies. Maybe that seems a lot, but it isn't. If you compare it to other investment possibilities, you will see that this is still quite low. Even gold has 30 trillion, let alone real estate. If this changes money and technology fundamentally, which I do believe as an IT-engineer, in 10 years from now you can have an x100. I think there will be some major crashes (Tether looks really nasty right now), but there is still a good chance.

At the beginning just look that you don't lose money.

batang_bitcoin

hero member

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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,

You don't have to be a day trader to gain a lot and you actually get the idea that buying and holding is better than day trading. There's a big chance that you'll become a millionaire by always buying at the dip of each coin that you prefer and just hold it for a year or two and get back to it when you are ready to take profits. Those coins that are not going to last for longer term are the less developed.

Quote from: Evanston45 on December 14, 2017, 02:53:36 PM

so every 6 months would I have to rebalance with newer coins?

You can even do this every month/week/day depends on how wide your pocket is.

jdeanne92

member

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Very possible considering the volatility of it. Plus another factor that might get it to 1 million us dollars are the upcoming forks. This could make it more than 1 million

Hodll

member

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Definately possible if you just hodl the coin and hope for mass adoption then it will happen. Remember this crypto scene is still in its infancy stage 5 yrs from now probably half the planet will have heard about crypto and that will be a game changer.

Crumple Cat

full member

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dApps Development Automation Platform

Probably only one thing can let you do this....and this is cryptokitties. Do not miss your chance Cheesy

Ahiaba

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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?

Op, it is very difficult to tell you which of the coin will be able to reach that height after your investment for a period of time because of analysis of the past cannot be completely use to measure the future occurrence of the said value of those coins will become. So there is always need thorough research before taken an investment decision particularly in crypto currency.

Asimmo

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Take into account that - bankroll jump speed is higher/easier in higher bankroll numbers then in lower ones.

Bitcoinnumberone

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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?

yes you can, if you are talking about ethereum, it will be possible. we know that ethereum grows tremendously these past weeks. if you have invested a huge amount of money in ethereum long ago. just like bitcoin, you would be a millionaire by now. You can also keep joining in campaigns,profit amount depennds on the campaign. Also do some trading and selling. Be patient, bitcoins took almost 8 years to reach almost 19 thousand dollars.With ethereum,this will also be possible.

godfredmanu

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Is possible if you buy into a coins take has value. Litecoins ,ethereum and monero if kept over a year with a buy price of 10000 each, you can make a million dollar in a year.

Guli

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By and large, this is possible. If you invest in several campaigns at once and play on the rise of bitcoin and etherium. The profit can be one million. But the point is that you need to invest)

Borin

full member

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With small amount you can try with pumps (in two week I made 400%, 3 days ago it was 600% but I made few wrong decissions...) but with larger only mid/long term!

sasaku bitbit

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If you want to reach a million dollars should you start investing the btc that has potentially a high price later in the future, so you can profit and profit opportunities in the future but it all hung with the price of the bitcoin as only a bitcoin can thus collect more and more investment in your bitcoin

biletskiy

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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?

The answer on the question about possibility of earning 1 mln dollars depends on the thing if you are ready to invest some hundreds of thousands dollars into virtual currency, maybe bitcoin or other.

catapult

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I think this is not impossible in cryptocurreny world. If you look at the near past prices of the some altcoins, you can see that some currencies can give really big profit opportunities.

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