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Topic: Too good to be true? - page 13. (Read 2256 times)

hero member
Activity: 3010
Merit: 666
September 10, 2022, 06:15:45 PM
#58
Is it possible to invest 100$ in altcoin and turn to 7,000$? Have this ever happened to anyone on here? Is this even possible?.
requires luck or professionalism in trading, and of course it takes time if you are a professional trader. because without them it would be impossible to raise that much money. if we only rely on luck I think it is very difficult to happen, because luck is beyond our control, so no one can plan it. therefore I suggest to be professional by seeking profit according to market conditions and in accordance with the work plan that has been implemented, so that we are not greedy and panic sell
If he is trading, luck is not what he needs but knowledge and skills. But if he is investing alone and especially for worthless altcoins surely he needs it. However, it was not really impossible even without luck as long as we are patient enough to wait for the bull season. But, we're not sure if OP can do this as we can't neglect the influence of the FUDs and common negative attacks that could change his mindset. And I was even thinking that $100 may turn to $70, not $7000.
legendary
Activity: 3122
Merit: 1398
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September 10, 2022, 06:04:21 PM
#57
Is it possible to invest 100$ in altcoin and turn to 7,000$? Have this ever happened to anyone on here? Is this even possible?.

Realistically, that is possible to happen. However, you need some "luck" and the right timing to choose that coin. Why luck? Because that is something unpredictable and regardless if that coin is having potential or not, once it got hyped, expect that the price of it will skyrocket.

The thing here is, don't expect that. It will just lead to being greedy as you might put decent money on a hyped coin and in return, the results might not favor you. Try to make the game smoothly and slowly but surely.

As long as you properly maintain your winning stats, it's not necessary to hope for an x50, x100, or x200 in an instant.
full member
Activity: 1526
Merit: 111
Pepemo.vip
September 10, 2022, 05:34:55 PM
#56
Is it possible to invest 100$ in altcoin and turn to 7,000$? Have this ever happened to anyone on here? Is this even possible?.
requires luck or professionalism in trading, and of course it takes time if you are a professional trader. because without them it would be impossible to raise that much money. if we only rely on luck I think it is very difficult to happen, because luck is beyond our control, so no one can plan it. therefore I suggest to be professional by seeking profit according to market conditions and in accordance with the work plan that has been implemented, so that we are not greedy and panic sell
legendary
Activity: 2534
Merit: 1338
September 10, 2022, 05:12:59 PM
#55
Is it possible to invest 100$ in altcoin and turn to 7,000$? Have this ever happened to anyone on here? Is this even possible?.
I think your question is slightly mistaken, without a doubt a growth like that has happened before so it is not something impossible, however the correct question that you need to ask yourself is if it is likely you will invest in the right coin, at the right time and you will be able to hold that altcoin for that long? And as you can probably guess the chances that all of that is going to happen at the same time to you are very low, so if you are expecting that kind of growth for your investment then the only thing that I can say to you is that you will need to be incredibly lucky in order to achieve those results.
sr. member
Activity: 770
Merit: 445
September 10, 2022, 04:52:45 PM
#54
I know people that have invested just small money and when market was pumping the made big amount of money even when there investment is small, No matter how small the money you want to invest is just make sure you buy it and make sure you do proper research before you buy coin so that whenever it pump you will make money. I just hope I will have luck and buy a coin that can turn $100 to $7000 for me but I haven’t seen yet.
hero member
Activity: 2814
Merit: 526
Undeads.com - P2E Runner Game
September 10, 2022, 04:17:24 PM
#53
Is it possible to invest 100$ in altcoin and turn to 7,000$? Have this ever happened to anyone on here? Is this even possible?.
It's possible. But, how long it will take and how much the losses it costs to you to achieve that number is different on each person. There are some threads about challenges in this forum and youtube about "Making X from X amount of money" and people seem to be successful with the challenges. It requires knowledge and patience also bit of luck to reach that number, otherwise setting up the goal too high just makes you greedy.
sr. member
Activity: 1638
Merit: 255
September 10, 2022, 03:47:55 PM
#52
Is it possible to invest 100$ in altcoin and turn to 7,000$? Have this ever happened to anyone on here? Is this even possible?.
In the middle of last year there was a project called Goma Inu which was a shitcoin but it got so hyped that I saw only $16 in the one of my friends wallet but when the price pump started the price increased so much that the $26 token went up to $6500. That's a token of the highest pump I've ever seen, which reversed back to the previous level a few days later.

The crypto world is full of surprises, we are often surprised by some new projects whose increase is beyond our expectations. That is why many people
are very interested in investing in new projects, even though they actually know the risks are very high. Because if we are lucky we can generate
huge profits from investing in new projects and become millionaires. So it might happen that we invest $100, then we can make a profit of $7000.
The problem is that it is very difficult to find new projects that can generate large profits, the only safest way is long term investment in top coins.
Because the longer we hold top coins, then the profit we generate can be very large. So I suggest holding Bitcoin and Ethereum for at least 5 years,
I am very optimistic that we will be able to generate large profits.
hero member
Activity: 2968
Merit: 605
September 10, 2022, 02:14:22 PM
#51
it is obviously possible but unfortunately very unlikely you have to guess,really guess a coin that in some time grows in value that makes for 100% plus value, for example, you have to study the various projects and predict their future is rare but sometimes it has happened (for example nano)
hero member
Activity: 3052
Merit: 651
September 10, 2022, 12:07:24 PM
#50
It will be a very rare occasion for that to happen. You may need a bit of luck too.
They always say "do your own research" but even if you do so there will be circumstances that a scam can happen. Most of them are too good to be true projects but what if they are telling the truth.
We tend to go beyond being pessimistic because of our own bad experiences or stories from others who had been to it.
Finding that "gem" that will give you tenfold the profits will be difficult when you are on that kind of perspective. But it's high risk.
If you are the type of investor who like playing it safe, then stick with the reputable one.
sr. member
Activity: 1176
Merit: 250
Buzz App - Spin wheel, farm rewards
September 10, 2022, 11:35:14 AM
#49
Is it possible to invest 100$ in altcoin and turn to 7,000$? Have this ever happened to anyone on here? Is this even possible?.
Cryptocurrency investment is one type of investment that is known to provide high returns. and at that time the price of cryptocurrencies can increase drastically.
it is possible for you to invest in $100 and make $7000 it is because crypto coins are high return nature.
but also does not rule out when you invest The value can be very high, but after that it can drop sharply. cryptocurrency investment has the characteristics of High Risk High Return.
hero member
Activity: 2408
Merit: 584
September 10, 2022, 11:31:58 AM
#48
It was possible way back in the ICO years and it can still happen now but for just rare circumstances. You will have to be keen on looking out for gems in the market and it's going to be hard work with full efforts at checking every cryptocurrency, especially the new ones.
There are many "too good to be true" and you have to avoid them. Filter the ones that are picked and then filter them more until you find a small number of candidates to invest with.
Also, keep in mind to never use your emotions by doing so.
ICO's have been replaced by a better version such as ieo and ido but along with this is the profitability of the investors did also decreased. How is that possible? I think that is because most ico projects are just a pump and dump but nowadays it's easy to choose a legit project and usually legit projects can take a long time to bloom. There are no ico's now but there are still pump and dump coins in the name of meme coins.

If you are lucky, your hundred dollar investment can bear you a thousand more but that's the same as pure gambling. It's too risky so better if we avoid it and let's only take the hard route but with a better chances of earning a profit.
legendary
Activity: 2716
Merit: 1855
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September 10, 2022, 10:10:52 AM
#47
very possible, but for the current conditions, many projects are not profitable.
I even invested $500 in the BSCPAD project namely the IDO Platform project for the BSC Network in 2021 and I got a total profit of around $50,000 and this is so amazing I didn't even think it could be this hype.

Everything can happen unexpectedly, but we also have to see what projects you will invest in. Nowadays, it is increasingly difficult to find projects that can actually provide benefits. If you do it by trading it takes a long time to get $7000, because your capital is only $100.
jr. member
Activity: 1330
Merit: 7
September 10, 2022, 09:48:26 AM
#46
It is possible for such to happen but depends on a number of factors: (1) ability to hold for a long time, (2) ability to take risk. The first case have already happened - an example, those who were able to hold Binance Coin as at around August 2017 (see CMC) when it was around $1 (one dollar) are 600 times richer as at November 2021 or 200 times richer as at today. Mathematically, if you able to hold $100 as at the afore mentioned time frame, then you will have $60,000 as at August 2017 or you will have around $20,000 as at today. I used 2017 because that was the period when Binance coin was at its peak value. BNB was able to attain this feat within a period of about 6 years. On the number 2 factor, there has been cases of meme coins making x500 or more due to hype or pump. But you stand the risk of losing your funds if you are not able to sell, if you are investor at such instances, because the hype is usually for a short period and the meme coin will be dumped.   
hero member
Activity: 2828
Merit: 518
September 10, 2022, 07:15:10 AM
#45
may be. but if you expect returns of up to hundreds of times in one investment it is still impossible. There are too many cryptos, we have to be smart to see which ones have the potential to be used as investment land, when we invest, adjust the target and dare to lose, that is the main point to make tens of times profit.
maybe, if you are here in crypto during the 2016-2017 bull season and also last year, you could really say that shitcoins are surprisingly growing more than these potential coins. This is the reason why many investors never neglect to invest and take risks in these coins, especially those who have been hyped on social media for they are thinking that x100, x1000 are even possible to reach. I don't disclose this chance because I've been experiencing this as I check my wallet and I found out that one of my bounty coins has such an impossible price gain.
legendary
Activity: 2506
Merit: 1394
September 10, 2022, 06:58:43 AM
#44
Is it possible to invest 100$ in altcoin and turn to 7,000$? Have this ever happened to anyone on here? Is this even possible?.
For sure this is possible during bull market, remember before when the meme/animal coins fever where in just short period of time we see a huge spike in price especially before for every chain there are some meme coins being created and the pump is really huge, I am no sure it will happen again but if it will happen again, there will be some new, like maybe not meme coins anymore or another way.
hero member
Activity: 1288
Merit: 564
Bitcoin makes the world go 🔃
September 10, 2022, 06:03:30 AM
#43
it can happen but altcoin investment has a lot of risk, it's not easy to get that much profit if you don't understand about altcoin investment you can lose your money but if you really understand and lucky maybe you can get more than you imagine
It might already happen to others before when the market keeps on pumping and setting ATH, at this market it may happen in the future but will take more time as well determining what coin have the ability to do it despite the continuous dump and pump of the market. It’s easier to trade before since most of the popular altcoins is able to give profit when traded but now it’s hard to choose what coin is good as investment, we need to study the market diligently to identify it’s potential and wait for the market recovery.
hero member
Activity: 1344
Merit: 565
September 10, 2022, 05:46:42 AM
#42
Is it possible to invest 100$ in altcoin and turn to 7,000$? Have this ever happened to anyone on here? Is this even possible?.
no really, there are some people who can make their $100 very much in the world of trading. even in this thread, this guy is trying to turn his $500 into $5k, and so far, he's made a huge profit since he started. in this case, the case is not much different from the one you have. However, in the crypto world, there are always great opportunities, you just need to understand the risks. As another example, owners of $100 dogs a few years ago would also have made huge profits if they had kept their assets to this day, even more so when they sold the dogs they owned when the price was close to $1. keep trying and practice, you too will find your answer.
Well, I agree but this will take a long time as you alluded to the Dogecoin case and at least, Dogecoin is still trading after all those years so it wasn't a surprise after the Elon effect that hodlers of the coin saw major profits but this might not be the case with many new Alts projects out there because we know that there are mostly scams that are just waiting to rug pull. So for any new low cap project that $100 will buy you a shit load of the tokens will have to survive the hardship of the market and have a large investor interes.
 
hero member
Activity: 2268
Merit: 579
Vave.com - Crypto Casino
September 10, 2022, 04:09:16 AM
#41
yes it might happen. but it never happened to me about it. based on what I experienced during the bull market at least IEOs can generate tens of times the sale price even hundreds of times for the token sales they hype. but the risk is always there, even until now the correct prediction for the project is not there, we just make sure it happens at least 80%

Not just you, but it didn't happen to a lot of people. In addition to knowledge and experience, sometimes we need a little luck to get there. Profit 70 times is actually not too rare in this market, there are many people who have achieved this profit even many times.
When it comes to IEOs, you make me think of IEO projects on Binance, it usually gives us this high ROI but to participate in projects launched on binance, you need to hold a lot of BNB to be able to participate, for only $100 this is not possible. One thing to keep in mind is that this is only possible during the bull season, with the current bearish season being highly unlikely. So OP, you need to wait for the bull season to come.
hero member
Activity: 2520
Merit: 952
September 09, 2022, 11:17:02 PM
#40
Didn't invest, but did several bounties and being with it since start makes you keep up with price movements, several of them 70x and more.
sr. member
Activity: 2296
Merit: 256
Vave.com - Crypto Casino
September 09, 2022, 11:09:12 PM
#39
in fact it did happen, but not everything will turn out that way. we cannot predict with certainty which projects in the future will generate profits up to hundreds of times, therefore we can only read the potential of the coin without a definite percentage of how strong the coin will generate profits in the future.
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