Is a million dollars possible? - page 61.

b3llsf1l3s

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Quote from: Sarastiche on December 15, 2017, 06:59:52 AM

My strategy is to look at first 50 coin in coinmarket that is less than $10, I select 5 of such coin and invest,hold for six month and sell off.

Im sure that's not simple as that, the bitcoin price are volatile, but altcoin is worst than that.
that will be a dangerous choice, i will follow your advice just if there's no option anymore.

Too much risk inside it

leynylaine

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If you keep a large amount of usd on a potential altcoin and went up after a year or a couple of more years it may give you millions of dollars.

ZCashGOLD.net

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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?

the best method is to use cost averaging. For example put $100 every Friday in Eth. That will give you $400 per month initial investment x 12 months is $4,800 investment. This will likely be double, triple, who knows with mass adoption. Better than sitting in a bank account certainly

by all means do your own research. Feel free to check out ZCashGold too

bananadines

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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?

Everything is possible in crypto, I saw a lot of guys that are from day one into crypto and they bought thing like Zcash and Litecoin very early and now there a so god damn rich! Cheesy

drunkcoin

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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.

Gangy

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As far as i experienced there is no such thing as impossible in crypto. It’s quite hard to make 1 millions with out switching between coins but it’s still possible. You need to pick a good coin and then start praying

sparg

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Quote from: NeuroticFish on December 14, 2017, 04:19:53 PM

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?

Monero had a long history of 0.5$-2$ prices. The ones that invested back then 10k$ into it are surely millionaires now. And it took 3 years.
Some coins do better, some not. 2017 was a crazy year and I can't tell if more will follow. And you need a crazy year for this, really, else it could take even 10 years easily.

Lets be realistic and say that if with a 10k investment you can become a millionare in 10 years thats a hell of a deal. I cant think of a bussiness that can give you a return like this. But with such a goal i think that investemnt is more like a bet. There arent many coins that can bring you this proffit and like you said you must buy one that just launched and most of them fail. But with big rewards come big risks so if you up to this go ahead. For me a 2x return is a good deal and i`m sticking to this kind of investemnt.

Muhammad Muneeb

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it is not impossible in the world of crypto. it is just a matter of time, research and patience. you need to understand that how cryptocurrency works and what will be the best choice to invest your capital

Rose119

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Quote from: Pulsarin on December 15, 2017, 07:27:09 AM

Everything is very difficult in the crypto world. It is necessary to track a lot of news. Try to invest in some projects and not sell coins for about a year. If some coins do not do x2 then others can do x100 and cover the costs of unsuccessful attachments.

In crypto world we have a chance, many opportunity here by doing trading, you can grow more your money through trading, for me there is no imposible here in crypto world.

Pulsarin

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Everything is very difficult in the crypto world. It is necessary to track a lot of news. Try to invest in some projects and not sell coins for about a year. If some coins do not do x2 then others can do x100 and cover the costs of unsuccessful attachments.

coinholic

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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?

As always, anything is possible. It's just a matter of time and patience. 2017 is indeed a crazy year for most. Have another 2017 in the future and who knows what will happen with these coins. A million is not far fetch with the current trends. I guess we just need to sit back and wait for the next chapter...

Mr.Eddies

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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?

Quite hard for today as all the coin, you mentioned already well-known. Best chance is to try to look for a coin with promising future.

Dart18

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That will take a huge push for that to happen.
It is too far to say it right now. 20k is hard to reach and what more with a million dollars.
Maybe we should start being satisfied with the numbers for now and just not letting it go down by not doing any bad choices.
It is also good to calm down for a moment. Grin

Sarastiche

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BITCOIN IS THE CURRENCY OF THE GLOBE

My strategy is to look at first 50 coin in coinmarket that is less than $10, I select 5 of such coin and invest,hold for six month and sell off.

cryptomarijuana

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Why not trading? trading is the most profitable way to earn more you can have millions of dollars in just 3months if you have atleast $50k to start my friend got his first million by investing just $50k for starter.

mpufatzis

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I believe that getting millionaire just by holding is not possible any more.
The good old days are gone.
You can make a good profit yes it is possible.
If you want to make more money start trading, but it is highly risky and you could lose your money.

European Central Bank

legendary

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yes it's absolutely possible if you luck out enough with the right coin, but the time to do it was 2015. i really, really can't see how it's possible with any coin anywhere near the ten or top fifty. They'd all have to go into the hundreds of billions or trillions.

you might be better off throwing shit at the wall at the very bottom, maybe not coins already trading for peanuts but rather stuff that still hasn't launched. each one should be free or cost very little too.

Quote from: albio87 on December 14, 2017, 06:06:35 PM

You just need to fing gems, hold strong, take profit on the way up and reinvest, than repeat. Then you can improve your holding by trading, but it's risky so it's better if you use the right instruments.

you didn't have to do that with any of the top ranking coins. all you had to do was wait long enough. maybe those days are gone though.

albio87

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of course it's possible, you don't need to catch the next stratis, eth, BTC. You just need to fing gems, hold strong, take profit on the way up and reinvest, than repeat. Then you can improve your holding by trading, but it's risky so it's better if you use the right instruments.

One really interesting is the algory project, that is a powerful and multifunctional tool for cryptocurrency trading.
They are going to raise money to develop an incredible tool that is at the same time :
-A powerful Cryptoscanner
-A news Streamer in the Crypto world
-A blockchain Analyzer
-An ICO analyzer
-A Cryptoviewer
-Allow you to backtest your filters and alerts

check their website: algory.io

hashshashin

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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?

The goal and the plans you have of course grandiose! : D But they would have sat so simply and so predictably - everyone would have already become millionaires. Go to your goal and you will succeed. Good luck! )

AzakeB

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Anything in crypto is possible? Don't overestimate market growth.
Of course we will see a huge grow in total market cap, but which coins will gain the biggest portion, besides bitcoin and ethereum?

So now total market cap is: 500B
We can expect an increase to over 10T until 2025.
So which coin gets most of it? Some coins could go 1000x when other coins just gain 2x.
There can't be just winners. There are always losers on the other side.

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