My personal challenge: $1,000 to $1 Million

jouesurf

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Quote from: qiwoman2 on January 25, 2020, 01:46:37 AM

I believe if you are really disciplined with your goal setting you can reach and even exceed your goals. I also would like to have some leeway and take into account some setbacks that can occur as well on your journey. Days you are ill, or when the market is flat, or some unexpected event or expense takes place. I would pencil all these kinds of unforeseen events in as well in order to not be discouraged if and when they come along. I have a goal, albeit a little bit more modest than yours. I want to get to reach earning a passive or semi-passive income of three thousand dollars a month so I can have some aside for my old age and also have enough to live decently and maybe travel a bit. I even looked properties one could buy with Bitcoin. That would be really awesome if I could get an investment property with Bitcoin one day, but that's a long way off. Good luck on your journey and do come back and give us the results so far.

That's a good point. I have in mind to just cross out such days. Let's say I want to achieve my goal in 8 years more or less days I just can't work.
We have that in common, I am also working on starting businesses for somewhat passive revenue aside from this challenge.

All the best!

wozzek23

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Your challenge might be fulfilled if you have the guts to do so. No offense but this might really seem a difficult task for all those who have recently joined the field. Also, I am not really sure if you could get a fixed rate of interest each month according to your calculations so you should also prepare yourself if your calculations do not run exactly. $1000 might be a smaller amount to start with if you want to reach $1 Million but the time span which you have is sufficient to fulfill your dreams.

You could really earn a lot in those 8 years you are planning to denote. Sports betting might be a good choice but never forget that gambling can eat up all your profits. Even if you were successful to earn $1M, you could lose them all in gambling only because your greed would eat them all so be cautious in any field you earn.

KnightElite

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Quote from: qiwoman2 on January 25, 2020, 01:46:37 AM

I believe if you are really disciplined with your goal setting you can reach and even exceed your goals. I also would like to have some leeway and take into account some setbacks that can occur as well on your journey. Days you are ill, or when the market is flat, or some unexpected event or expense takes place. I would pencil all these kinds of unforeseen events in as well in order to not be discouraged if and when they come along. I have a goal, albeit a little bit more modest than yours. I want to get to reach earning a passive or semi-passive income of three thousand dollars a month so I can have some aside for my old age and also have enough to live decently and maybe travel a bit. I even looked properties one could buy with Bitcoin. That would be really awesome if I could get an investment property with Bitcoin one day, but that's a long way off. Good luck on your journey and do come back and give us the results so far.

Even if you are discipline trader and even if you are really have determination to achieve that goal, it is still hard to do it. I do not say that is not possible to achieve your dreams, what I mean is that kind of goal is hard to achieve. There are opportunities in trading but those opportunities are not everyday visible to our eye and mind. There will be times that our expectation will not happen. But if we are really knowledgeable enough, then we can grow our fund over the time.

qiwoman2

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I believe if you are really disciplined with your goal setting you can reach and even exceed your goals. I also would like to have some leeway and take into account some setbacks that can occur as well on your journey. Days you are ill, or when the market is flat, or some unexpected event or expense takes place. I would pencil all these kinds of unforeseen events in as well in order to not be discouraged if and when they come along. I have a goal, albeit a little bit more modest than yours. I want to get to reach earning a passive or semi-passive income of three thousand dollars a month so I can have some aside for my old age and also have enough to live decently and maybe travel a bit. I even looked properties one could buy with Bitcoin. That would be really awesome if I could get an investment property with Bitcoin one day, but that's a long way off. Good luck on your journey and do come back and give us the results so far.

jazmuzika217

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You have a very impressive goals. It can be a good motivation specially to newbies that there are more or big possibilities that they achieve their dreams here in crypto business industry specially in doing trading. But I think aside from patience you need to have a good trading site to make it possible.

Karmakid

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At first it looks like it is an impossible challenge because of the amount of capital that you have but if you have patience and dedication then I think that it will take at least 2 years for you to get to that end goal. You should not take high risks because you just need to stay profitable over the time to reach that 1 million dollars.

jouesurf

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Quote from: bamboylee on January 23, 2020, 11:11:10 AM

Quote from: jouesurf on January 19, 2020, 10:23:36 AM

What I mostly do within the frame of this challenge is Sports Betting (90%).

Do you really expect to gain 8% every month with Sports betting in 8 years?

I think OP's approach here is too optimistic. He did not even put into account losing in his calculation.

Op needs to layout a realistic plan at least and achieve small goals before aiming for the 1Million.

Of course there will be bad times, so the 8% per month is the baseline and even if I fluctuate around it, I'll be good!

jouesurf

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Quote from: rodskee on January 23, 2020, 10:25:21 AM

well we are only talking $1000 in this so i think there is no big pressure on this one because the amount is tolerable and the waiting is 8 years?that is good enough for long term holding right?

actually i have same idea but i only wanted to have my Bitcoin in my wallet and see it grows as years come by.

will be saving this thread for the next 8 years of checking.

haha, see you in 8 years then!

aomakun

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Quote from: dark08 on January 24, 2020, 12:23:24 PM

I really amaze for the roi (percentage) of OP keep pushing until you reach your goal in my count this kind of amount is a big cash I hope I can reach this goal soon for my early retirement.
We will bookmark your thread to see the progress in the future. Goodluck OP.

I am also quite impressed with the investment made by the OP because on the time scale and funds spent, I have already said that there is a lot of time and money spent. then if successful in the investment made, then he can provide motivation to many people and I hope this investment can really succeed because there will be a 4 yearly bullish trend from bitcoin, I hope this can help the investment that runs.

dark08

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I really amaze for the roi (percentage) of OP keep pushing until you reach your goal in my count this kind of amount is a big cash I hope I can reach this goal soon for my early retirement.
We will bookmark your thread to see the progress in the future. Goodluck OP.

Dart18

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For a country like America $1 million might really be a low income for even just a year.
With their economy you will be living in a 3 different jobs just to suffice your necessities.

If it will just be for savings from your income in trading and other stuff in crypto currencies without moving anything from your salary then it might be really a good number.
Hope to see you update this thread again once you have done it. Good luck.

jouesurf

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Quote from: cotton ball on January 23, 2020, 09:36:18 AM

Look crazy with your promoting and brave with your website promote in bitcointalk forum, how ever many expert of investment assets here and you look confidence to promote scam investing site, how ever you have been eight years in investment project but what have you explain is crazy for investing just few days become scam site investment.

You understood that there is no site, no offer, no investment or anything right?!? How can nothing turn to a scam, I don't get it!?!

bamboylee

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Quote from: jouesurf on January 19, 2020, 10:23:36 AM

What I mostly do within the frame of this challenge is Sports Betting (90%).

Do you really expect to gain 8% every month with Sports betting in 8 years?

I think OP's approach here is too optimistic. He did not even put into account losing in his calculation.

Op needs to layout a realistic plan at least and achieve small goals before aiming for the 1Million.

Murat

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A very well planning for making one million within eight years, time is really an important fact in this matter because you have to wait and trade in the meantime, a lot of mental patients, energy could reach your goal, That's not an easy task anymore because eight years is not a small-time, it's huge, But regarding this issue, You must have to gather a huge experience in this field especially in trading purpose, if you have experience from any trading platform like Forex, Crypto, and stock then it might be useful for you. not only that but also you will require the luck favor then you will reach the goal.

rodskee

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well we are only talking $1000 in this so i think there is no big pressure on this one because the amount is tolerable and the waiting is 8 years?that is good enough for long term holding right?

actually i have same idea but i only wanted to have my Bitcoin in my wallet and see it grows as years come by.

will be saving this thread for the next 8 years of checking.

pajak666

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I don't think liquidity will ever really become a problem in this challange lol Grin

There is more than enough shitcoins to be picking from and if you only diversify your strategies a little then there will be no problem at all. There are many other options (hehe) than just buying and selling an asset when it comes to trading and 1mil capital for those might not be even enough. Liquidity is only a concern for variance type of thing when we need to measure volatility of a market.

cotton ball

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Look crazy with your promoting and brave with your website promote in bitcointalk forum, how ever many expert of investment assets here and you look confidence to promote scam investing site, how ever you have been eight years in investment project but what have you explain is crazy for investing just few days become scam site investment.

Hamphser

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Quote from: dunfida on January 21, 2020, 09:51:43 AM

Quote from: Japinat on January 21, 2020, 07:11:30 AM

Nothing is impossible in crypto, I hope you success OP.
$1,000 to $1 Million is a very ambitious journey, but if it's achievable in long term hold, it could also be possible through active trading.

Good luck, x1,000 of your capital is quite hard to achieve now that we are not anymore in the early stage but your dedication will make it possible.

Everything is possible but its almost impossible to reach it up on short time and as mentioned we arent already on early stage where
reaching these numbers isnt really that realistic.Frankly speaking it would really come to a time where you do get bored without even
reaching your goal.Well, this will vary or depend on ones dedication if he would pursue or not.
$1k to $1M? Its almost an impossible journey.

I believe everything can be attain through hard work and patience but of course, it will take more time to reach that goal in no time. As long as you maintain the pace of gaining profit without any hindrance and disturbances i think you will likely attain your target profit.

Hallmader

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Quote from: BitSat19 on January 23, 2020, 07:25:33 AM

Quote from: Linkkoin on January 23, 2020, 07:20:07 AM

Quote from: jouesurf on January 23, 2020, 06:23:39 AM

All the best to you too!

And remember to have everything recorded, because with all the higher levels of verification you will be asked for sources of funds/how did you get the crypto and where from. If you fail to do so, then your account could be even suspended, making such a challenge impossible to be finished!

This is not the case OP can withdraw funds time by time because its very important never trust any exchange they can steal so better keep funds in your own wallet.

If you are not trading full time, you better keep your funds somewhere where you have the private keys to it. But if you are trading, you don't have much of a choice but to keep your coins in a trading wallet. You cannot afford to keep them in a hardware wallet and then take them out every time you do day trading. That would be a total waste of fees. Just be careful with exchange wallets. Keep away from phishing sites, do not easily respond to emails representing themselves as exchange staff asking for money or keys.

BitSat19

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Quote from: Linkkoin on January 23, 2020, 07:20:07 AM

Quote from: jouesurf on January 23, 2020, 06:23:39 AM

All the best to you too!

And remember to have everything recorded, because with all the higher levels of verification you will be asked for sources of funds/how did you get the crypto and where from. If you fail to do so, then your account could be even suspended, making such a challenge impossible to be finished!

This is not the case OP can withdraw funds time by time because its very important never trust any exchange they can steal so better keep funds in your own wallet.

Topic: My personal challenge: $1,000 to $1 Million (Read 960 times)