The only way to get rich is by riding the next big alt pump - page 7.

Denker

legendary

Activity: 1442

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Ok guys sell your bitcoins for some extremely speculative altcoins!
I mean Bitcoin itself is already a big risk!
So sell your precious bitcoins if you're really that greedy!I will appreciate that and pick them all up.

Most of the "top" alts with some potential already have huge whales! And a huge part of them is also big in Bitcoin!
You're looking for the needle in the hay stack if you ask me.Great way to burn your bitcoins.Good luck!
I will take the other path.vI have patience and no problems with holding BTC for 10+ years.

And what is rich and what is not is also a subjective opinion. A payed house + a good job will make you a enjoyable life.
That is something a majority of people nowadays do not have.

molsewid

hero member

Activity: 2170

Merit: 530

Quote from: cellard on January 24, 2017, 02:23:03 PM

As investors, we should focus on searching for alts where we can be whales, problem is like I said before: All alts are gimmicks/lame, and the fat pumps already happened.

So that's my 2 cents there.

Most of the alts you mean. It is fate that made others rich for joining the btc from the very start. Nowadays, if you dream of getting rich, it should be not compared to something that happened before, it should be new, unique.

pooya87

legendary

Activity: 3472

Merit: 10611

i kinda agree with your post but at the same time i believe it is not complete. so a couple of things i would like to add:

- you wouldn't become a millionaire just by holding 1 bitcoin but i say 100% profit in about a year is still a great deal. i myself started buying bitcoin at $200 and even if someone started last year they could have earned 100% (from 450ish) and the rise is not yet done.

- the altcoins that already had a pump may have pumps but they will be smaller. but new things always come to life every year or at least every 6 months. something dies and eth got its place, eth will die and something else will come.

target

legendary

Activity: 2282

Merit: 1041

If you can afford to buy 200K of the existing ICOs today, you will be a whale. If their price is just low, its going to be a big profit for an investors.
Chronobank project is looking good but it ain't cheap. Each TIME token cost 0.01 btc so you will need to have about 1000 BTC to be a whale, but seeing they only got 3100BTC, investors didn't put much money to it. This alt could be the next big ride we waiting.

n0ne

hero member

Activity: 2618

Merit: 548

DGbet.fun - Crypto Sportsbook

Quote from: Wolf Rainer on January 24, 2017, 11:07:12 PM

Thats what i was saying in another thread. This is the right moment to take the alts train, cause even if BTC goes up or down you will win money. Im all in at ETC, ETH, DOGE, and XMR.

Few altcoins have been found good with a good growth. But the volatility is a big issue with altcoins which were now reducin bitcoin. With altcoins profiting is easy, because at times for a short time the value is getting doubled. Also altcoins trading for bitcoin gives a good stable earning.

Golftech

hero member

Activity: 2128

Merit: 520

if you can really predict which Alts will pump for sure you can be rich as the title it said but right now its harder to know which is which that will move i used to remember way back july last year as we see some alts that really moves like naut, draco, monero, and other alts who really make a big move last mid of 2016 but now they are quite and just relying with btc price.

Wolf Rainer

legendary

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Thats what i was saying in another thread. This is the right moment to take the alts train, cause even if BTC goes up or down you will win money. Im all in at ETC, ETH, DOGE, and XMR.

Febo

legendary

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If you predict how will prices move you can get really rich really fast with whatever crypto even with bitcoin. But you can daytrade yourself in loss.

cakravothy

hero member

Activity: 868

Merit: 501

Chainjoes.com

Quote from: Flyskyhigh on January 24, 2017, 07:36:20 PM

Maybe Litecoin, Feathercoin, or Mintcoin.

if litecoin i agree youre write
litecoin high price until reach 0.03 bitcoin/litecoin
this now litecoin is range price only 0.004 - 0.005 bitcoin
so very posible litecoin can incraese high price
but not mintcoin and feathercoin

Flyskyhigh

sr. member

Activity: 291

Merit: 250

Ezekiel 34:11, John 10:25-30

Maybe Litecoin, Feathercoin, or Mintcoin.

BOSA.io

newbie

Activity: 16

Merit: 0

It is pretty much a hit or miss, you could also gamble with penny stocks and hope for the best..

Biodom

legendary

Activity: 3892

Merit: 4331

rich in US is $6.8 mil wealth of the household in liquid investments (not a house)=1% OR above $430000 in yearly income.
1 mil=accredited, but not rich

regarding OP: it always looks bad or unreliable at the bottom. I say that crypto will be either very formidable (more likely) OR will zero out (less likely). There is no middle ground, I believe. Typically, however, there are no quick riches, but there are certainly quick ways to ruin your financial standing.

You have to have a 10 year perspective in crypto/bitcoin as it will not be a smooth sailing.

pearlmen

sr. member

Activity: 322

Merit: 250

Your analysis is very true tracing even the historical analysis of bit coin, then going into the future to see the possibility and also the conclusion about Alt is also very good but the issue here now is how to know the alt that is going to be next big thing for one to really be a big whale as most alts here have not been able to prove to be trusted with such responsibility.

MNDan

full member

Activity: 287

Merit: 101

Quote from: cellard on January 24, 2017, 02:23:03 PM

Don't get me wrong, if you started post 2013 and managed to buy until reaching the respectable 21 BTC goal, you will make big gains in the future, but you will not make 1+ inflation-adjusted million dollars. Unless BTC goes at least 50k in the next 10 years, I don't see it happening.

OP's math skills seem solid, so I think he could be on to something.

European Central Bank

legendary

Activity: 1288

Merit: 1087

yup. for better or worse you're right. anyone with a modest amount of bitcoin, sub 100 say, won't be getting a life changing gain within a realistic time span.

at the same time it's gambling pure and simple and the alt market is just as rancid as it ever was. personally i'd prefer to avoid a life changing loss and stay out of it.

electronicash

legendary

Activity: 3178

Merit: 1054

Quote from: Sourgummies on January 24, 2017, 02:40:00 PM

Vidz, that's the next 100X that right now if flying under the radar but soon it will be on everyone's radar.

i invested few to Vidz but i think there will be some problems once it gets popular somehow. and the thing that happens to the rest of the torrent sites may also happen to it. not to fud but i'm cautious about it this time. i'm keeping my vidz but i'm also getting ready when something happen.

mindrust

legendary

Activity: 3276

Merit: 2442

Quote from: harizen on January 24, 2017, 02:35:26 PM

What is the respective amount that a user must have in order to be called as status of being a rich?

Well as much as possible I try to always follow the bitcoin trend and able to take a ride on it but not eyeing for becoming a rich as long as I get profits which is the main reason for investment purposes.

Anyways....

Quote from: cellard on January 24, 2017, 02:23:03 PM

Therefore we must put our BTC to work, and that means taking big risks.

That's how it should as investment whether putting on btc or other alts has a big risk. Getting profits thru other alts needs some risky movement since the output isn't clear especially with the new coins on ICO.

Quote from: cellard on January 24, 2017, 02:23:03 PM

As investors, we should focus on searching for alts where we can be whales, problem is like I said before: All alts are gimmicks/lame, and the fat pumps already happened.

So the bottom line, gambled money and hope for the best on those chosen alts. Altcoin price volatility movement is different from the phase of bitcoin price so an active volume on regular basis should help while playing with the alts.

I would call 1million dollars as rich. 500k$ is also have a nice feeling to it but its only enough for a decent house. If you are to be considered as a rich person, you shouldn't have any financial problems in any way. A nice juicy passive income + a nice big house + a nice sport car is enough to be considered as rich i think.

Trying to chase altcoin pumps is useless by the way. It is no different than buying lottery tickets. How the fuck you would possibly know if you are investing in the right coin? You can't.

I would wait for mega bitcoin dumps to buy them cheap instead. Makes more sense.

Sourgummies

hero member

Activity: 728

Merit: 500

Never ending parties are what Im into.

Vidz, that's the next 100X that right now if flying under the radar but soon it will be on everyone's radar.

bittraffic

hero member

Activity: 3038

Merit: 617

What about ICN. Do you think its also a gimmick token?
I read this had been rising more than a hundred percent now and people are stating to invest and I also did because they offer dividends. The only wait is the platform to be released, you think this is going to make me a whale by having just 2k of it?

harizen

legendary

Activity: 3122

Merit: 1398

For support ➡️ help.bc.game

What is the respective amount that a user must have in order to be called as status of being a rich?

Well as much as possible I try to always follow the bitcoin trend and able to take a ride on it but not eyeing for becoming a rich as long as I get profits which is the main reason for investment purposes.

Anyways....

Quote from: cellard on January 24, 2017, 02:23:03 PM

Therefore we must put our BTC to work, and that means taking big risks.

That's how it should as investment whether putting on btc or other alts has a big risk. Getting profits thru other alts needs some risky movement since the output isn't clear especially with the new coins on ICO.

Quote from: cellard on January 24, 2017, 02:23:03 PM

As investors, we should focus on searching for alts where we can be whales, problem is like I said before: All alts are gimmicks/lame, and the fat pumps already happened.

So the bottom line, gambled money and hope for the best on those chosen alts. Altcoin price volatility movement is different from the phase of bitcoin price so an active volume on regular basis should help while playing with the alts.

Topic: The only way to get rich is by riding the next big alt pump - page 7. (Read 6455 times)