Topic: Is a million dollars possible? - page 6. (Read 5496 times)
Yes it's possible if we are trading in the write time but we have to be patient and hold our tokens. Here in crypto is unpredicted.
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?
I'm not sure it can be done by top20 Altcoin. But on good coins and newly created, say with merketcap range $ 25-50M, with the right moment it will be done within 1-2 years.
It's possible that only with the capital to hold the coins you buy can benefit up to 10000%, but you need to be patient because it will take a very long time. So my suggestion is better you trade and move from the coins that Roughly no potential, switch to coins that have a good future.
Now also this goal is possible with some ICO and existing coin. If you interesting investing on ICOs ,Daneel is a very good ongoing ICO for invest. Daneel is smart AI assistant for manage crypto portfolio with more intelligent manner with deep market analysis.
Crypto currency is the perfect tool that can make you a very rich person in a short time. But you must constantly improve and get new knowledge.
There are many examples on a few years ago, many peoples who bought Bitcoin, Ethereum, Stratis, and many others coins, became millionaires. So that everything is possible in the crypto world.
If we knew what the dynamics of growth will be in the coins) it is logical that the cryptocurrency will gain even more popularity and its value will increase, so it is worth investing in top projects
Why not. The important thing is to invest right in the right crypto money. This may be a purchase and may also be sold. Like I said, the right time and the right investment.
Yes it is. If you invest to a token that was market price value was around .01$ per pieces and after 5 years, the value increase from .01$ to 100$. You will possible to gain it. It should take a lot of time though.
For now it seems like a sky-high price. But in 5-8 years it is quite possible. About 10 000 dollars 5 years ago they spoke the same way.
If one million gets divided by 10,000$ that is probably a hundred times. So granting it is possible it will be around 100 times the current price. So that if we have ethereum at around 500$, it should be priced at 50,000 dollar which might be a bit close to realization if we are to consider even the slightest chance of possibility. But note also that ethereum and other coins is always tied to bitcoin there is this chance that bitcoin will also increase with ethereum. So multiplying the price of bitcoin estimated roughly to be 6000 dollar, we might see a 600,000 dollar bitcoin price. In this analysis now I could see that the slightest chance could be gone. This is quite impossible but still who knows if ethereum could break the bond of influence with bitcoin and continues with a market different from bitcoin and other alts.
There are a lot of people who do the actual answer in the question of whether the millions of dollars are possible, but you can get profit by taking the prize campaigns at low prices, not scratch, but by dividing the time to this job.
If you are asking now in our generation, That is not possible. 1 million dollars is a very large amount of money actually, or it could be possible if 4 years ago you buy a huge amount of bitcoin, Ethereum, and Waves.
It was possible to be come millionaire,but its not simple. you need to make a good profit and start to trading.
if you lucky you will get a lots of profit, but it is highly risky and you could lost your money.
if you lucky you will get a lots of profit, but it is highly risky and you could lost your money.
It is indeed possible, but sadly Bitcoin still needs to fix its issues with scaling. Only with this will investors become confident in Bitcoin again. News of Bitcoin being regulated doesn't concern me a lot since Bitcoin can still function and will be difficult to manipulate eitherway.
Everything is possible. After all, this is a crypto currency - everything is very unpredictable here! You can go to a good plus, but you can and in a good minus
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, why not right? You just have to put hardwork at all means. Well, wayback before you could only buy a 1 box pizzas with 10 pieces of bitcoin, well, I just read about it. Imagine, if you hold your 10 bitcoin till now, and just save and save and save what you get wayback before upto to the time when bitcoin would just spike it up back to its peak, million dollars would be possible. Well, unless you are a type of person who spend money right quickly after getting it.
if you every 6 months would have to rebalance with newer coins is a good thing to do not infrequently new coins actually experience a leap that way you have more chance so which steps do you most like doing because there is no truly effective way for everyone.
What approximately the currency that you will use to invest in crypto? Even there is a possibility that it will rise up if you just invested 10K worth of Yen or Won then you will not become a millionaire. You should put a currency so that, we can suggest correctly. Anyway, if it was a dollar then I can say that there is a chance specially if you are determine to make it as million.
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?
With luck and big investments equal to $20-50 thousand during 10 years, you might get $1 million. However, you could lose everything, cause the market is new and volatile!
Jump to: