Topic: Turn $10,000 into 1 Million - page 50. (Read 68144 times)

In a nutshell, I try to find first class projects that are still undervalued and that have very good appreciation prospects. Firstly, that means eliminating everything that is scam “tainted” whether it be true or perceived. For example, all unexplained pre-mines or instamines are immediately discarded. Unproven or doubtful technology is also reason for elimination from consideration – anything that’s been hacked, for example, is for someone else. I’m interested in security above all, and that means documented proven tech. Another thing that I don’t like are one-trick-ponies, or single dev coins, as it were – even where there’s a couple of devs, I think twice because, if it looks like a mom and pop basement operation where you find someone who’s learning as they go with cut and paste coding, it probably is.

Secondly, I look for market confirmation (though sometimes the process is reversed and the market shows me something I hadn’t seen before). The market is never wrong (even when it’s irrational), and being the collective reflection of all participants’ opinions regarding value, it provides me with valuable information. For example, where is the incoming fiat being targeted and with what intensity? Money flow analysis can tell you a great deal. When you can divide markets into emotional and professional trading categories, you gain even more insight into which issues the market thinks are truly long term value and which are possible short term fads based on a lot of hopeful thinking.

Lastly, the potential portfolio candidate has to present good prospects from a technical analysis perspective for potential future revaluation. There also has to be very good risk/reward for me to get involved. Even if they present long term fundamental value, overextended cryptos have to be removed from the selection process, at least until they come back to the mean and present a risk/reward opportunity more in line with what I seek, and only once the technicals have restructured and also support a buy.

It’s not easy to find opportunities that meet all those requirements. The list of “blue chips” is short to begin with, and many, like BTC, are already getting pricy, if not downright overvalued. Some of the supposed “best of the best” don’t meet any of my criteria. I’ll give you two examples: 1) Ethereum’s turing complete code is far from proven safe - as in secure money storage - and in fact has been hacked, has a huge pre-mine set aside for founders, has a very emotional market suggesting that the smart money isn’t too interested, and is extremely overextended; 2) Dash is tainted by a huge controversial instamine that is claimed to have been an accident that no-one is worried about, employs technology that is far from proven, has a very emotional market (that is further worsened by a cultish community making it in my opinion crypto’s high end DOGE) again suggesting smart money avoidance, and is also extremely overdone to the upside. The idea is to find the complete opposites of these two examples and get positioned before the rest of the world gets hysterical about them.

I want “blue chip” crypto with solid dev teams and organizations that are made up of professionals who have working results to show for their efforts, with money flow volumetric market confirmation, and that are still way undervalued and have great prospects for short to intermediate term revaluation.

Buy a new altcoin and hold it until it blows up. thats your best bet to turn 10000 into 1mil. If you had bought Ripple 2 months ago you would have 1mil by now.

You would have to be extremely lucky and buy an altcoin which shoots up multiple times its original value to turn 10,000 into 1mil. It might be possible to do it through trading but it will be challenging and will take some time, not to mention you have to be a good trader to do it

I would like to see how your investment growing, as trading altcoins is not for long term I guess where it could dump and never arise again.
However, turn $10,000 into $1Million maybe take months or even years due to competition that happened there cause profit and loss as well.
did you invest all $10,000 just into those coins? and How long do you think your goal will be achieved?

Portfolio Trend-Momentum Analysis


STEEM is perhaps my favorite with its strong price reaction to the golden cross and bullish alignment of moving averages on a daily time frame. Strong volume based momentum that looks steady even while clearly being in a corrective phase.




Nxt also got a similar shot in the arm with its own golden cross and bullish moving average alignment – the 50dma looks to be providing critical support and money flow is ticking up. Got a little overdone, but not lethal.




BitShares got a bit away from the mean, but has come back in and the overall configuration is positive.




Syscoin has been correcting by drifting higher for the past month. Very positive and sustainable looking chart to me.




Litecoin has been correcting for a while now without the money flow going oversold (and turning back up now) and the MACD in zero line territory. The moving averages are in bullish alignment which has obviously had a positive effect on price. Consolidating with very a positive volume pattern I see something that is setup to explode higher.




NEM has followed a similar stair stepping pattern (no parabolic curves) riding up the bullish configured moving averages in stainable fashion currently working off excesses.




PIVX is an early cycle performer and, as such, should be an interesting watch. The price action around the upsloping moving averages is very encouraging to see. The Williams %R upthrust combined with bullish buy signals on the MACD are confirmation of a very possible resumption to the upside. This would also be a good sign for Alts in general - not so good for BTC though.  




All positive looking charts from a trend-momentum standpoint, especially when put alongside something fairly overextended like DigiByte (who is mentioned here not only as an example of something having got a bit ahead of itself, but also as a potential buy candidate at lower levels).




And what does BTC look like through these bifocals? I’ll leave it up to you.



Looks extremely bullish to me. Short term it could be bounded by 1750 and 2350 though.

Why there is no ETH and or ETC? I think ETH will be around 600 this year and ETC around 50... don't you think so? what are your thoughts?

I think the your best bet to turn 10,000 into 1mil is to go all in on an altcoin that shows a lot of potential and buy in early. hold it until the price 100x like ripple. Trading will take too long and is too hard to do.

Yea I second this

litecoin as the oldest altcoin that we know have a good journey so far and many of people still holding big amount of litecoin and they only waited for the high price. maybe some of them is selling their litecoin to see what is reaction that will happen in the markets. so far, litecoin is going to strong and litecoins is one of the sleeping giants altcoin that will wake up soon.

I am sure we will be able to see a rally in Litecoin in the coming weeks as it did not perform as i would have imagined after the activation of segwit and so i am still holding some coins thinking that it could give me a good profit in the coming months.
@OP if your entry is good then you are good to go to reach the desired target,good luck.

Please elaborate how they are scam?

Its not imposible that 1OOOO$ turn to 1million.Because of many traders now of BTC and the promotion of bitcoins now is to be the highest rate of promotions.

As my philosophy says that cryptocurrency market is so unpredictable. But after the deep knowledge of altcoins market price last few days all coins were improved. Turn $10,000 into 1 Million obviously hard job, need pure luck. However, I hope your wish come true.

This is one of the most promising alternative coins to date. Maybe it makes sense to buy this coin today. I also think about it.
Even despite the fact that until recently, I trusted only bitcoin

From that list, the only crypto in which I would put some money would be Litecoin. I like it when a project tries to innovate, but from what I've seen so far, most of these coins are perpetual motion machines.

Was going to ask what your rule of engagement or entry and exit hinges on and what actually influenced your choice of those coins, but on reading the above, it gave me the clue you are not groping in the dark. Your quest is accomplishable, if you have not already set everything on stone, because adjustments and outright changes would be necessary as time goes on.

100x increase is a tad lot and you may lost all of it if you became very greedy but again, long-term hodling is the biggest no-brainer when it comes to investments since there will be times when it will be doing massive rounds of bullish movements. As long as you have them altcoins, you have your money and as long as you haven't sold them, you won't lose anything.

Best of luck!

That's why "medium risk" is in quotation marks. The context is crypto, not stocks and bonds. It's a relative statement. Of course, when you say this is "very very high risk" and you refer to them as "shitcoins", you do give the impression that you are aware of the difference. So why the confusion on your part? Why are you mixing two very different worlds?

i dont think litecoin will go to zero. its still being traded on largest exchanges with very big volume.

Haha this is hilarious. Omg. "Medium risk" in the same sentence as altcoins. So this is a balanced portfolio to you? So basically you don't understand investments at all. Good to know. Won't be watching this. This is speculative 100% growth very very high risk. Medium risk means you're holding some bonds and some good stocks with real potential. These are shitcoins. Good thing you have 50% in Litecoins. At least you'll have something when these all go to 0.