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Topic: Turn $10,000 into 1 Million - page 49. (Read 68150 times)

hero member
Activity: 574
Merit: 502
waiting to explode
June 03, 2017, 05:59:17 AM
#61
Wouldn't it be more sensible to keep adding/removing assets based on their market movement and future predictions, rather than keeping a fixed set of assets and locking them for long term?

Anything can go wrong with any of those holdings and it would be wise to come out with profit and invest that into something else which has better future - doing this periodically?
HR
legendary
Activity: 1176
Merit: 1011
Transparency & Integrity
June 03, 2017, 05:54:30 AM
#60

 Turning 10k to 1 million shouldn't be the aim.

 I make about %20-40 monthly return with my gunbot and I am happy with it. Aim realistic not surreal.

Yeah. Thanks for advertising (even though it's not exactly on topic . . . as was just succinctly reiterated in the post just prior). It's good to know you're there.

And if we can leave it at that, it'll be greatly appreciated. TIA
hero member
Activity: 2086
Merit: 575
June 03, 2017, 05:46:07 AM
#59

 Turning 10k to 1 million shouldn't be the aim.

 I make about %20-40 monthly return with my gunbot and I am happy with it. Aim realistic not surreal.
HR
legendary
Activity: 1176
Merit: 1011
Transparency & Integrity
June 03, 2017, 05:41:27 AM
#58
Very interesting post.
If you trade on the left side of the chart, there is more than 20-30 of altcoins this year, who did 100fold just like that.
Amazing.
But we need to trade on the right side of the chart, that's a bit more difficult Smiley
It seems like a gamble to me, but need to find one 10fold, and then 10 new 10folds and you are there.
I wish you a good luck, sadly I can not join, no money to invest Smiley

You're absolutely correct, on all points, and, yes, it's just amazing. DigiByte is one of those examples that I sold at a 20x that is now approaching a 100x. That hurts when you leave so much money on the table, but, frankly, I don't believe in the coin's fundamentals. They consistently fail to execute and I just couldn't answer my "bag holder" question in the afirmative beyond a price that now looks cheap. That's happened more than once, and it will continue to happen, but the more solid the underlying project is from a real long term viability basis, the longer I hope to be able to ride. That's where the compromise between "longshot betting" and "reasonable speculation" comes in and why I'm looking for the most undervalued of the best that can be believed in.

There's also lots to be said about trading, like litaf, gabmen and others have mentioned, if you've got the time to be in front of the monitor 24/7. Jokes aside, unless you're making a living from your trading, you've probably got a real job and a real life, and that makes trading difficult. On the other hand, what I'm doing here, in essence, really is trading, just on a longer term time frame. Investing is something that I think of as taking place over years, and this is far from that. As I've mentioned in another closely related thread I started ( https://bitcointalksearch.org/topic/is-the-era-of-pd-over-for-crypto-blue-chips-1925617 ), I think we're working with progressive cycles that are tending towards fair value, and that there will be waves of buying and price appreciation that will happen to different survivors at different times, and, in that sense, this current portfolio really represents a short to intermediate term "trade" that has maximum and minimum possible targets, that could also very likely be repeated again in the future, and that brings us back to the more reasonable 10 fold followed by another 10 fold, rinse and repeat scenario - trading, just on a longer term time frame with slightly larger trading objectives to match.
hero member
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CryptoTalk.Org - Get Paid for every Post!
June 03, 2017, 05:10:49 AM
#57
Well if anything can make you achieve this dude it's trading. 10k is a big capital and with the right timing and altcpin knowledge i think this is very possible. Hopefully you achieve this in the least time possible dude. Cheesy
HR
legendary
Activity: 1176
Merit: 1011
Transparency & Integrity
June 03, 2017, 03:26:07 AM
#56
If i were you, i will diversify my portfolio even more and i will reduce that big percentage for litecoin because it is too much for me, before you buy some litecoins, you need to ask yourself if what is the use of it and what kind of problem does it solve? Then make a conclusion if you will buy or not. Do some more research about cryptocurrencies so you can have an easy vision for smart investing.

Very good point, and one that I've given a great deal of thought to. My thinking is that with 2nd and 3rd generation crypto heading in the direction of application based blockchain activity with all its inherent vulnerabilities, people will "rediscover" the value of the original design when it comes to choosing a truly safe place to store value, and that with all the problems BTC is facing in terms of scaling and functionality, LTC will be the cryptocurrency to satisfy that need. I could be wrong though. What's to keep any other of the 1st generation cryptos from taking that spot? The game's really wide open, and the fast mover will be the winner in my opinion. Again, LTC's dev team has shown themselves to be very astute in the past, and I'm betting they will capitalize once again. If they are quick to implement key SegWit functionality and turn LTC into a real means of exchange payment vehicle as well as the secure storage vehicle it already is, then they have a very good chance of putting Litecoin alongside Bitcoin in terms of real value, again, in my opinion, and recognizing that I could very well be wrong.

In any event, I see the leveraging of SegWit and the rapid implementation of Lightning Network as THE key for Litecoin success. If that can be done quickly, LTC could easily trade in the $500 range, but, again, the question is whether the devs are willing and capable of doing so, because the technology is there to immediately consolidate itself as the de facto secure storage and p2p payment cryptocurrency of the future.
hero member
Activity: 1680
Merit: 535
Bitcoin- in bullish time
June 02, 2017, 07:16:21 PM
#55

Perhaps not exactly "trading", but it just might be one of the shortest time frame investments you'll ever make.  Wink

How about a portfolio competition?

Using today’s price to establish opening position cost basis, the following portfolio has a minimum target of $100,000 (if everything goes wrong) and a maximum (still conservative) target of $1,000,000. (Explaining the reasons why goes beyond the scope of this friendly competition.)

Litecoin (LTC) – 50%
BitShares (BTS) – 10%
STEEM (STEEM) – 10%
Syscoin (SYS) – 10%
Nxt (NXT) – 10%
PIVX (PIVX) – 5%
NEM (XEM) – 5%

We’ll see how it does. Wish me luck!


Full Disclosure: I currently hold many of these issues as “long term” investments (but not all at this exact time since I’m still looking for a better entry on one in particular), and could purchase or sell any, at any time, and/or trade short term as well, with the weighting for this “model” portfolio being somewhat different from my own, where, for example, I am currently overweight LTC, BTS and PIVX.


http://i.imgur.com/MqTGARn.png


Edit: Forgot one very small detail at the time: the price of Bitcoin. It's highlighted on the 5 min chart below.


http://i.imgur.com/00lZU8s.jpg

If i were you, i will diversify my portfolio even more and i will reduce that big percentage for litecoin because it is too much for me, before you buy some litecoins, you need to ask yourself if what is the use of it and what kind of problem does it solve? Then make a conclusion if you will buy or not. Do some more research about cryptocurrencies so you can have an easy vision for smart investing.
newbie
Activity: 51
Merit: 0
June 02, 2017, 07:09:48 PM
#54
it seems like your portfolio has potential but if you are chasing 1mil mark it might be challenging if you are holding more traditional and established coins. You need to heavily invest in altcoins and hope that they will get pumped up like crazy if you want to actually grow your portfolio to 1mil from 10k. Established coins wont be able to get pumped to that level of profit.
newbie
Activity: 23
Merit: 0
June 02, 2017, 03:39:19 PM
#53
Very interesting post.
If you trade on the left side of the chart, there is more than 20-30 of altcoins this year, who did 100fold just like that.
Amazing.
But we need to trade on the right side of the chart, that's a bit more difficult Smiley
It seems like a gamble to me, but need to find one 10fold, and then 10 new 10folds and you are there.
I wish you a good luck, sadly I can not join, no money to invest Smiley
HR
legendary
Activity: 1176
Merit: 1011
Transparency & Integrity
June 02, 2017, 01:39:39 PM
#52
I don't really like your choice of altcoins. I noticed you are trying to do some technical analysis and have already dumped steem which I think is the best choice of all the coins you hold. While technical analysis is good and all it doesn't take into account what the coins offer from a fundamentally innovative perspective. Also if you are going for high reward you should get coins in their infancy but these coins have all experienced their pumps already.

So while I disagree with your investment portfolio and methods I wish you the best of luck. And just to give my 2 cents, I would have chosen Stratis an established coin and Aragon for a new on.

I will check in on this thread from time to time to see how well you do  Smiley

I always ask myself, “would I be willing to become a bag holder with this?” and if the answer is no, then I don’t go there.

Quote
“Once STEEM has been purchased it should be converted into SP or SMD to mitigate the impact of dilution over the long-term.

“STEEM is constantly increasing in supply by 100% per year . . .

“Someone who holds STEEM without converting it to SP is diluted by approximately 0.19% per day.”

“Because Steem wants to encourage long-term growth, it is hardwired to allocate 9 STEEM to Steem Power (SP) stakeholders for every 1 STEEM it creates to fund growth throughcontribution incentives. Over time this drives the ratio of the total STEEM value of Steem Power balances to the total of STEEM balances toward 9:1. (It seems likely that the ratio will be somewhat greater than 9:1 due to continued net Powering Up of the newly printed STEEM.) It also means that long-term holders are almost completely protected from the dilution used to fund growth.”

- from the STEEM White Paper https://steem.io/SteemWhitePaper.pdf

“Completely protected”? Until you cash out, of course, since you have to go through STEEM to do that.

For all the great looking technicals in the world (I was introduced to STEEM by the technicals, by the way), you couldn’t get me to stick with something tending to zero.

And it looks like key people are cashing out too.

Agree with finding coins in their infancy and will check out those two ideas. Thanks.
HR
legendary
Activity: 1176
Merit: 1011
Transparency & Integrity
June 02, 2017, 04:52:50 AM
#51

All STEEM proceeds now rolled into GRS and NLG. Both are a bit higher risk, not exactly blue chip, but basically satisfy the majority of criteria, and, most importantly are fundamentally sound. We'll see. I'll also be looking at all the suggestions that have been made. Thanks for all of those!

New 5% position for Gulden.


http://i.imgur.com/KWCfRH8.jpg
member
Activity: 90
Merit: 10
June 02, 2017, 02:35:24 AM
#50

Perhaps not exactly "trading", but it just might be one of the shortest time frame investments you'll ever make.  Wink

How about a portfolio competition?

Using today’s price to establish opening position cost basis, the following portfolio has a minimum target of $100,000 (if everything goes wrong) and a maximum (still conservative) target of $1,000,000. (Explaining the reasons why goes beyond the scope of this friendly competition.)

Litecoin (LTC) – 50%
BitShares (BTS) – 10%
STEEM (STEEM) – 10%
Syscoin (SYS) – 10%
Nxt (NXT) – 10%
PIVX (PIVX) – 5%
NEM (XEM) – 5%

We’ll see how it does. Wish me luck!


Full Disclosure: I currently hold many of these issues as “long term” investments (but not all at this exact time since I’m still looking for a better entry on one in particular), and could purchase or sell any, at any time, and/or trade short term as well, with the weighting for this “model” portfolio being somewhat different from my own, where, for example, I am currently overweight LTC, BTS and PIVX.


http://i.imgur.com/MqTGARn.png


Edit: Forgot one very small detail at the time: the price of Bitcoin. It's highlighted on the 5 min chart below.


http://i.imgur.com/00lZU8s.jpg


I don't really like your choice of altcoins. I noticed you are trying to do some technical analysis and have already dumped steem which I think is the best choice of all the coins you hold. While technical analysis is good and all it doesn't take into account what the coins offer from a fundamentally innovative perspective. Also if you are going for high reward you should get coins in their infancy but these coins have all experienced their pumps already.

So while I disagree with your investment portfolio and methods I wish you the best of luck. And just to give my 2 cents, I would have chosen Stratis an established coin and Aragon for a new on.

I will check in on this thread from time to time to see how well you do  Smiley
HR
legendary
Activity: 1176
Merit: 1011
Transparency & Integrity
June 02, 2017, 02:31:10 AM
#49

Incorporation of GRS to the portfolio with a 5% position.


http://i.imgur.com/2i2IBYF.jpg
legendary
Activity: 2996
Merit: 1054
Leading Crypto Sports Betting & Casino Platform
June 02, 2017, 02:28:29 AM
#48
Nice. Interesting take. I like your picks and am also personally invested into some of the same coins (go LTC!).

Will check back on this after a year. Hopefully we'll both be well on our way to a million dollars.

Good luck!
I will also "check back on this after a year" though I did not have much capital like op but I think I should be able to invest on the same portfolio in my own little way and see what will happen! We have to do this with all seriousness.
wow the target exit is really nice i think if you will follow OP's journey even in a small investment it will be big if success comes to your side
it will be an interesting thread after things happen correctly and i will try to keep visiting this thread and also buy little amount of those coins.
sr. member
Activity: 882
Merit: 282
June 02, 2017, 02:00:42 AM
#47
Nice. Interesting take. I like your picks and am also personally invested into some of the same coins (go LTC!).

Will check back on this after a year. Hopefully we'll both be well on our way to a million dollars.

Good luck!
I will also "check back on this after a year" though I did not have much capital like op but I think I should be able to invest on the same portfolio in my own little way and see what will happen! We have to do this with all seriousness.
hero member
Activity: 3052
Merit: 606
June 02, 2017, 01:15:23 AM
#46
What's this? A self challenge? 10k usd to 1M is very possible. You just need a precise buy and sell judgement. Please update this thread of your progress.
OP would not make an experiment if that is impossible, everything is possible in crypto just like bitcoin who starts with cents into a thousand dollars already.

In order to reach 1 million dollars his 10k need to have 100 folds to reach the target value, I search some of the coins who jump to a high price recently and I could not help but notice Stratis(STRAT) which has only 6,000 sats last March 2017 and the current price now is 274,494 which means it has increase to 45 folds already, and not only that since we are talking of a value in dollar, it's a bonus also that it increased the value as well.
That is only more than 1 month, how much more in the coming year, therefore I conclude it's possible because I have proof.
sr. member
Activity: 784
Merit: 282
June 01, 2017, 09:21:59 PM
#45
Nice. Interesting take. I like your picks and am also personally invested into some of the same coins (go LTC!).

Will check back on this after a year. Hopefully we'll both be well on our way to a million dollars.

Good luck!
hero member
Activity: 602
Merit: 501
Undeads.com - P2E Runner Game
June 01, 2017, 07:59:17 PM
#44
how much early you have capigtal money 10k dollar
how long youre target can reach 100k - one million dollar
i think if 100k dollar can reach but if one million dollar still very dificult
full member
Activity: 140
Merit: 100
Peace not piece.
June 01, 2017, 07:31:01 PM
#43
^^HR

How many you have found yet and it would be interesting to knoiw them.
HR
legendary
Activity: 1176
Merit: 1011
Transparency & Integrity
June 01, 2017, 07:22:04 PM
#42


Dumped STEEM.

In spite of being a TA trend-momentum favorite, I don't like what I'm seeing in other, more "fundamental" places,
like here for example: https://steemdown.com/


http://i.imgur.com/eYqH7mk.jpg


Rolled proceeds directly into LTC.


http://i.imgur.com/C0D441V.jpg


I'll take safe than sorry any day of the week.
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