Topic: Likely to become a millionaire from altcoins? (Read 1172 times)

Yeah, a lot better opportunity to be one with altcoins than with bitcoin
And I personally suggest you to buy new prospective coins with low market cap, because that kin of coins are the one who can go 100x even 1000x
Top 100 mostly are already having their moon time buy, with that huge marketcap, 10x is quite difficult for most of them

So true. If I'll buy a coin I'll definitely look first if it has a limited total supply because having that there's a big chance of getting it increase in value as it getting closer in total supply. And with this there's a bigger chance to be a millionaire.

If you invest in ICO projects at the initial stage of their development you can earn a crazy profit.
For example, 10 million EXRN tokens cost about $ 10 in November. Now they trade about 500 dollars. The growth was 5000 percent.
Bitcoin  grew by 2000 percent for the year.

yes, there are really standing alcoins, but you need to make a decision yourself...we are all different and different values are important for us, therefore each of us will have different altcoins for achieving wealth

I think you should specify your question. How much do you want to start with? If you start with 500k, the odds are in your favor. If you are hoping to turn 100$ to a one million, I am sorry, but I seriously doubt it.

Most of the altcoins are doing great at the moment, i have seen propy token flying from 0.50 to 5 in few weeks, a new token called storm is also doing well.

Most likely good for you. You should learn better alt type on https://coinmarketcap.com/, usually these people will appreciate you the high profit x2, x3. You will need to buy as many alts to reserve and track all abilities as we have the ability to enter the top 100.

To become a millionaire with altcoins need to buy now a lot and forget about them for at least a year. then it is quite possible to become not only a millionaire but also a millirder)))

Of course, you can become a millionaire by buying lots of altcoin. But use altcoin is good value. That will give you many benefits. You can buy altcoin with top ten of capmarket.

It's going to be hard as hell but you need to keep on holding a lot of different altcoin and have a lot of money to start with. Then I am sure it's possible to be a crypto millionaire from Shitcoin

Very possible. In fact i am on my way to make my first Millions in this industry. Made outside of here already. But looking forward to making as much as i can in here. so yes.

Of course you can become a millionaire from altcoins!

The key is to enter a position with a coin that has a low cap, and you have to trust it. Either HODL it or sell/buy 3x/0.5x pullbacks. For me to do that, that means the alt has to have at a minimum a good dev team you can research, and technology that rivals the big player in that segment. Marketing, airdrops, whitepapers and all that other stuff are optional, and usually don't exist if it is a very low cap coin. Since these are speculative plays for 10x-100x gains, I'm willing to gamble and lose everything.

For example: I found out about Neo (a smart contract coin) back in June. Decided to throw (after research, always important) 10% of my btc into it as I believed it could eventually be a rival to Ethereum. It shot up in August after a convergence of good marketing and solid announcement of ICOs. Sold 25% of the position after the 10/50 ema crossed. Didn't end up buying back in until China swept in and put the banhammer on ICOs and it sank down. Improved my position, and now its rocketing again. Will probably sell off another chunk if it comes down to $90 (or 0.006 btc).

2nd example: I found out about SpectreCoin (a privacy coin) a week before Christmas that has returned some pretty great numbers. Its a bit riskier of a play since it is so new, so I won't sweat it if I lose my investment. Got in at $1.50 tho, and it already climbed up to over $6, before falling back on a nice pullback to around $4. I exited 25% at $5 when a giant wall formed at around 49k satoshis. Nobody was going to breakthru that after a 4x pump over 2 days, so I bailed the 25% out. I just got back in this evening almost 20% heavier than I was previously.

The thing about both of the examples above is that if Neo goes to 50% of its chief rival Ethereum, it'll sit at $500 as of this writing, and I'll have a nice showing for that. As for SpectreCoin, if it even achieves 25% of its chief rival Monero, it'll sit at around $100 as of this writing. I have my fair share of loser picks (Edgeless hasn't really done much, Monaco seems to be garbage, and Golem can't get any traction) but even in spite of those "loser" examples, I defy you to pick 2 50x gainers and NOT become a millionaire off of altcoins.

Diversify, do your own homework, examine, be meticulous and fair, and for the love of Shiva don't be greedy and go all in or all out. Don't trade on emotion. Do make a plan, and stick to it. If you can do that and pick a few winners, you can make a million. Or more.

Or just pick what John McAfee pumps, lol that fukken guy... /sarcasm

Probably rank has nothing to do in becoming a millionaire, as long as you know what you're doing and you're investing in a good coin then there's nothing to worry about. This will be just a matter of time and patience in holding.

It is Likely to be a millionaire through well researched altcoins and HODL...

I think it is more likely to become a millionaire when buying from the top 100 coins than low capmarket coins because it is less risky and there is no assurance that low marketcap will be interesting to investors. All investors would want sure profit so they will buy coins that they think are promising and can give profit.

I am of a different opinion on the issue of buying top rank coins. I prefer the devalued coins to the top coins because they have growth potential. They can likely make you more money than the already high rated coins. Becoming a millionaire with these devalued coins is quite possible in the long term.

It can be. People just need patience when joining this type of investment in earning altcoins. 

It is very hard to tell considering how volatile the crypto market is. But I believe that a really good small cap coin can definitely make someone a millionaire, doesn't matter what rank it has.

I think you agree to take a chance in both type of project such as top cryptocurremcy and top ico project.
I have the same opinion if anybody say both chance are very good. Take some from good ico and also buy top altcoin from marketcap are good mixing strategy

Such things are hard predictable. It is big risk to invest a lot of money in altcoins and wait for it's raise to thousands of percents to it could bring you a million. I am not saying that it is impossible, but the only miracle story about becoming millionaire I have heard about bitcoin investors.