Is a million dollars possible? - page 60.

MoonJeina

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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?

That situation of " without trading and buying/selling at highs and lows " is not how it works . Without trading/buying and selling how would the coin work . For any ICO these credentials are very essential . Moreover , starting up with a whooping 10k is not something that is very normal to see in the market .
But if according to your "clauses" everything went accordingly it would still take years to attain that million dollar value .
One cannot become a millionaire by investing little .

sukamasoto

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Black Panther

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?

All I can say is possible but when it will happen ? Nobody knows but if crypto value always keep uptrend from year to year , it may happen.
Being investor is the great way to figure it out since I'm also try to invest bitcoin and some altcoin for long term , keep hold as long as possible

LeonEve

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Agree with the previous post answer. My plan is similar in buying 10 coins with equal investment in all of them and then just wait and see what happens. It could be 1 year or 5 years, but hopefully the winners will far outweigh the losers (if there are any)

satgoldan

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In theory maybe, but you need to invest at least 10k$ and play risky game, if you want to do x100. In ETH and LTC it`s impossible.

pogpog10

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I am into cryptoworld nearly just 4 months and lots of my friends earn crazy prizes from there. So i won't be suprised if we suddenly will be millioners one day. This market growing day to day. And I hope our gain will increase in the same direction.

frowsiter

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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?

According to me it will take at least 4-5 different alt coin to reach that much goal very quickly. I mean if you really want to invest 10K worth USD into coin then do it in to versatile coins and increase your odds of hitting that million dollar dream. The importance of getting different coins invested is straight forward, here you will invest into coins like the one you listed and along with them coin like XRP, XEM etc which are really cheap at this stage. Buying coins cheap gives you advantage of spiking high with even though there is little movement in the price of the coin. Just imagine last week XRP was around 25 cents and now it is over 80 cents. The tardy movement can not be seen anywhere but into this specific coin, same applied to XEM also. So its better to have uniform mixture of coins to invest.

KuromaYoichi

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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's possible, if you bought ethereum earlier this year with $10.000 when the price was $10, you could've turn that $10.000 to more than 600k usd right now in less than 1 year. Solid average coins is hard to find, that's why a lot of people recommend buying the already establised one even if the gain may be lower. Most coins with no use case will not last long, especially a lot of icos that fail to deliver the product as promises so you should do a lot of research before buying newer coins.

DarthToon

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Possible, if you invest in a cryptocurrency that it value is under one dollar and hold it for a while and this coin goes to moon.

qazgroup

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RiveMont

Yes mate, crypto market is definitely high potential and growing nicely, you can expect huge gains if you invest and hold in solid projects.

Greenrace

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I think it's going to be hard to do because if it's just saved there's probably a price going down and alt-coin trading is the easiest way to multiply our alt-coin

barlo357

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Yeah it's possible, always be optimistic but you need to make further research about the altcoins here get at least top five of the altcoins so that you will know the rate of every atcoins you choose and one more thing be patient for a million dollars gradually you will earn that here in bitcoin. I can not predict when it will be just be patience.

tiggytomb

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Definitely possible but it would take a lot of time and focus if you were to do it with the stable coins, you could also fall lucky with one of the other coins which should up drastically for no apparent reason, DOGE as an example will be due a rise at some point but it's never 100 x or anything like that but still if you can find coins like that i imagine the $1 million will be closer than you think.

light22man

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Everything is possible if believe in that and make some effort in this direction.Everyone can be whatever he want. And crypto can help with it.

scarecrow2096

newbie

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If you invested 200k when the BTC was at 4.5k$ you would earn close to 1m.
So you need first earn 200k to later invest the huge amount to later see if the bubble doesn't explote.

Sundark

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Quote from: drunkcoin on December 15, 2017, 06:46:55 AM

Winklevoss bros did that, however with bitcoin. They bought a big pile of btc in 2008-2009 for $11m and now they've got more than $1b! So, if a billion is possible, so the miliion as well. Even with altcoins.

Yeah, that was very smart

Two bros claimed that they've invented facebook, sued Zuckerberg, got about $60m, then invested in BTC and waited for 8 years. You're billionaire, bingo! Smart move

ekolet

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Possible? Yes
Probably? Definately not. Most people lose money trading.

SOHAIB BAIG

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Yes this is posible...just u need best time best coin and good experience

foggywhite007

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A lot of such examples. XRP let's say 100 times increased over the year. VERGE with differences but in the beginning of the year was for 2 sat to take in the summer he 220 was worth it. X100 if 10K invested in them could make good money. What can the X100 do hard to say I believe that the draft esp can do it. GUP to make X100. SHIFT can also.

Bonus777

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To reach a million dollars can be both on the etherium and on lightcoin. The time interval will depend on the amount invested in the coin. The larger the amount - the faster you will have a million.

GazorpPozorpec

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I think in theory it is possible, but you need to have a lot of patience.

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