Topic: Turn $10,000 into 1 Million - page 6. (Read 68150 times)
This is a very nice thread to learn about trading. A lot of useful information for me to start, the thread title made me think if this could really happen. Upon reading i realize that it is possible, i just need a few more information about altcoins, where i could start investing. I've considered most people's suggestions in this thread, very helpful to begginers like me. I hope i could construct a portfolio that could give at least double my investment in just a short period of time.
thanks for the candid update. I hope you took considerable profits at your original target of 1 million USD, which would be a brilliant premonition on your part.
Agreed it's a great time to buy now. Would be curious to hear your arguments for any new names you added or might add to your portfolio.
All the Best
Agreed it's a great time to buy now. Would be curious to hear your arguments for any new names you added or might add to your portfolio.
All the Best
This is could be possible but only trader and investor who always patient and have great strategy can make it, i also want to try it starting right now by make some new strategy for day trading and swing trading, i hope i can make it not more than 2 years 
Can't show my real crypto portfolio, but I will say that it is performing around 40% better on a relative basis, and once again demonstrating that a diversified balanced portfolio is the only way to go. My real overall portfolio including the profits I took to fiat is doing over 300% better on a relative basis. Again, appropriately balanced and diversified is the moral of the story. The locked portfolio is shown below though. Looks like a great time to buy.
https://i.imgur.com/ZyBArJn.jpg
Doing that has a less risk but in HODLING $1M is hard even when HODLING tons of coins because $10k is a small amount to hodl for $1M but in trading it's very possible.
nxt was my biggest mistake in crypto world fortunately i did not invest all my money, just 10%
Some of my friends was very disappointed with NEXT too after the airdrop happened they weren't able to sell their next the IGNIS they received was just not worth it at all.
HR, can we ask you to show us your REAL portfolio with rebalancing ?
(not "model").
(not "model").
I feel the best thing for you to do is to move it into another exchange. That will be better than losing your funds.
You might still be lucky to recover whatever in the next pump. Poloniex is trading BTS and you should not let the actions of bittrex dictate how you make your decisions. This is just my own advice anyway.
Its good advice. But again it is depending on the person but not depend on our suggestion.
We only can suggest but the decison is his own. If the exchange does accept again the coin then move it to another is good suggestion like you told us.
as I understand the author moved away from his plan, his portfolio already reached the cost of $ 1 million, now if you judge by the diagram about 500K $. What are your current goals?
nxt was my biggest mistake in crypto world fortunately i did not invest all my money, just 10%
There is a possibility that you can earned money in bitcoins and one great thing about it, it enhance its value which can leads to more profits from its investor, all we need is to wait for it to happen.
I would like to see the current result on the positions of the author of the topic, if you do an analysis, there is still no million, but half must be exact!
me too im interested for the result of your 10k to 1m challenge but i guess you already hit it since late 2017 was a good quarter for crypto and most of your coijs invested have surge more than several folds alreadyI would like to see the current result on the positions of the author of the topic, if you do an analysis, there is still no million, but half must be exact!
me too im interested for the result of your 10k to 1m challenge but i guess you already hit it since late 2017 was a good quarter for crypto and most of your coijs invested have surge more than several folds already And to everyone who didn't, not to worry, there's always time to learn from our mistakes.
Very cool idea. Kind of a plan I would have done myself. How is it going for you now? I guess your 10 grand has turned into something around 50 grand?
Perhaps not exactly "trading", but it just might be one of the shortest time frame investments you'll ever make. 
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.
https://i.imgur.com/MqTGARn.png
https://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.
https://i.imgur.com/00lZU8s.jpg
https://i.imgur.com/00lZU8s.jpg
Very cool idea. Kind of a plan I would have done myself. How is it going for you now? I guess your 10 grand has turned into something around 50 grand? 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.
https://i.imgur.com/MqTGARn.png
https://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.
https://i.imgur.com/00lZU8s.jpg
https://i.imgur.com/00lZU8s.jpg
Did op cash out something or still holding , trying to find some info , but too many pages over here 
really interested what he have done when reached 1M
really interested what he have done when reached 1M Many people failed to look at the potential of coin and how their roadmap should be. Even I am failing to choose right one inorder to get more profit in the market, not only price we have to check about the company and their development process.
Yes,became a Millionaire now than to wait for tomorrow, that day might not come if I won't act ,and that's absolutely the same, but the wiser idea is to grab the opportunity today so the blessing will come to me.
In principle, the problem is difficult but feasible, it is sufficient to choose promising coins. If you analyze the last year, then many prospective tokens showed an increase of 10-30 times, and in this case it will be 1-2 years and you will reach a million!
You came back! 
Decided to check back on this thread on a whim--glad I did.
Are you 100% sure it's buying time? Alt prices are reasonably low, I suppose (sort of in that 4x below ATH / 4x above previous high settling area), so it's a good buy relative to the next rise.
I'm still in bear mode and inclined to think we have one last push down. Maybe not as violent as the last drop (6k BTC, etc.), but something near it. I honestly thought we had confirmation that we broke the 2017 log channel once BTC started hitting the 58XXs, and I've held more fiat than I'd like during this recovery because it keeps hinting that there's a better buy coming.
If you have a moment, let's talk Portfolio 2.0. Last year you were leaning 2nd/3rd gen cryptos, this year I've gotten the impression you're...basically all in BTS/STEEM...? Saw you mentioned EOS once on Steemit.
I'm a bit stumped on projects these days. ETH looks crazy expensive. LTC is pricey (gonna be a while for another 10x), but I'm still fond of the project. STEEM honestly just isn't my cup of tea (philosophically not crazy about a social media blockchain). I love BTS, but I don't have a solid vision of its roadmap anymore.
Platform chains like EOS/ZRX/DNT are interesting, though it's hard to form an opinion on a winner between them. Seems like the summer ICO hype is over and now it's getting hard to tell which projects are quietly working hard and which are fading. Thoughts?
Decided to check back on this thread on a whim--glad I did.Are you 100% sure it's buying time? Alt prices are reasonably low, I suppose (sort of in that 4x below ATH / 4x above previous high settling area), so it's a good buy relative to the next rise.
I'm still in bear mode and inclined to think we have one last push down. Maybe not as violent as the last drop (6k BTC, etc.), but something near it. I honestly thought we had confirmation that we broke the 2017 log channel once BTC started hitting the 58XXs, and I've held more fiat than I'd like during this recovery because it keeps hinting that there's a better buy coming.
If you have a moment, let's talk Portfolio 2.0. Last year you were leaning 2nd/3rd gen cryptos, this year I've gotten the impression you're...basically all in BTS/STEEM...? Saw you mentioned EOS once on Steemit.
I'm a bit stumped on projects these days. ETH looks crazy expensive. LTC is pricey (gonna be a while for another 10x), but I'm still fond of the project. STEEM honestly just isn't my cup of tea (philosophically not crazy about a social media blockchain). I love BTS, but I don't have a solid vision of its roadmap anymore.
Platform chains like EOS/ZRX/DNT are interesting, though it's hard to form an opinion on a winner between them. Seems like the summer ICO hype is over and now it's getting hard to tell which projects are quietly working hard and which are fading. Thoughts?
This is what a theoretical Week 29 Update would look like.
https://i.imgur.com/YvXLyp4.jpg
ADA grew to 54% of the total portfolio last night. That’s a fairly good concentration, and something I personally wouldn’t let go without rebalancing. As you know from reading this thread, I mentioned on the 1st of December that I had rebalanced my personal portfolio on the first ADA spike higher. I’m sure it won’t be too much of a surprise for you to learn that I’ve done the same again. And I’m still fairly overweight ADA!
To the question as to how the locked model portfolio is doing in comparison with my real portfolio, the truth is that until yesterday the balanced portfolio was still winning, both in percentage terms and absolute terms, even after having taken a little more than 10% profits cleanly off the top (a nice little fiat payday to brighten up the holiday season). However, with yesterday’s doubling in ADA, the locked portfolio took the lead in daily percentage gains. There's a lot of risk to assume in order to do that though, and with the likes of true 100x prospects like STEEM and SYS falling below 7.5% and 9%, respectively, there really are good places to put those ADA profits that will probably catapult the balanced portfolio higher sooner or later, while reducing substantial overall risk at the same time.
Check out the last post on my blog on Steemit, Buy Low, Sell High, for more about selling strength and buying weakness, best practice portfolio management, and a real nice example of a YTD laggard that could well be the next 100x.
All my best to everyone, and always remember that there will always be another correction.
^^ This!
And I will summarize: aside from having made good picks (which would have been fairly easy as some have pointed out), what made this possible more than anything else is the balanced portfolio concept. Don't forget it!
In fact, my real portfolio, complete with 2 ADA rebalancings to laggards, IS STILL ON PAR with the locked portfolio. Done just as well, and my risk is way lower as a result.
Also keep in mind that at some point, your crypto will need to be rebalanced against fiat.
A DIVERSIFIED BALANCED PORTFOLIO is your best friend and will never lie to you.
Both of those quoted posts just above placed great emphasis on best practice portfolio management and the need for periodic rebalancing when individual holdings get out of balance. The first of those two posts was the very day of the ATH in BTC, and the second the day before the ATH for the "model" portfolio - now not such a model given its extreme overweighting (still) in ADA.
For all those who took profits, that is to say, followed best practice portfolio management guidelines, we now find ourselves in a buy zone, so, everyone who has USDT, BitUSD, SBD or the like, happy fishing!
https://i.imgur.com/zF3jMnT.jpg
And to everyone who didn't, not to worry, there's always time to learn from our mistakes.
Un fuerte abrazo para María de GdC.
I accept that challenger ... hope they dont jail me again as "block" time traveller
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