Topic: Turning $50,000 into 1M in 365 days- Buy and Hold possible? - page 4. (Read 807 times)

I think double money in trading is really easily. The thing is you have to be patience and trust in your decision.

That's really a huge target mate road to 1M will be a great challenge, lots of research which is needed to be done, I'm sure it will be a swing venture but if you have a lots of time then everything will be good to go, just find those quality project and also try to have some good ICO project.

Well,it sounds pretty ambitious but attainable, I will advice you to search for very low supply coins with solid teams and a solid project buy them and hold.2018 is the year of most altcoins, projects will be nearing completion and we will see massive utilty and adoption of these projects too. So buy buy and hodl

Take a look to my signature an read my post: take a look to my tracking record and then let me trade a small part of your account as portfolio diversification and for passive income.

No I don't think so but as a noob my opinion is worth less than 1 RDD.

To swing for the fences you need to take a flyer on the sub $0.10 coins and hope they run up to $2.00(20X) not the coins you have selected.

I wish you luck

Calm

OP, $1 million in 365 days with a portfolio of 5 or more coins will not make +2000%. You have spread your money too thin. What you are really doing is playing it safe, and have smaller returns for taking less risk.

You want to make 2000%? Gamble all in one altcoin.


Yes aim for the smaller target.

Why not? You can do it if you are lucky. For example with only 50k wou can invest into altcoin that will make x10 in less than a year (imho it is possible) and then find some ICO that will make at least x2 after the croudsale. This exap,pe is very rough but if you are lucky you can be able to do something like it. One year is a long time in cryptoworld if this ICO frenzy will not stop soon.

Yes and considering that 2018 will be much better than this year for crypto. It's very attainable and we will see more altcoins booming and I think you can make more than 1M with that portfolio.

I like your portfolio though in my case I only hold 5 coins because those are only few that I believe will going to have a good ROI, but seeing how you make your own I think it is really possible to turn a $10,000 into million in a period as short as 1 year, well I pray for your success and the success of crypto currencies in the coming years so that many people will become financially stable.

I’ve looked at DASH before but decided on some of the others in top 10. Whilst I believe DASH will keep going up I’m trying to diversify into coins that are less established in order to have hopes of reaching 20x goal.



I agree that it’s unlikely to hit 20x just by buying and holding unless you get extremely lucky. I will be buying and holding until profit targets are hit and then will be trading current ones to others or adding others on with the profits.


I disagree, it is definitely not easy going 20x currently, but taking Ethereum as an example- if you bought and held earlier in 2017 you would’ve made 50x investment. HR (whose thread I linked) is on track to turn $10,000 into 1M which is 100x with active trading. I’m aiming for 20x which doesn’t seem impossible unless the whole crypto market tanks or hits a black swan.
Besides quitting, what would you suggest I do with your experience?


Absolutely agree with this when reflecting on my portfolio. The reason it’s at the current state was due to investment in BTC in 2013. I didn’t start alt coin investment seriously until later half of this year and realised I actually have a substantial amount invested now because of how it’s grown.
I am trying to diversify into alts, but have been a long time believer in both BTC and ETH which is making it hard for me to trade these for others. Hoping to get ideas and integrate it to my own due diligence. 


Will be doing some rebalancing and new investment before new years and update when I've done it.

First of all I'd like to state that except for bitcoin I do not hold any significant amount of the coins OP has invested in, so I'm not biased at all FYI. It's very hard to tell if you will be able to reach your goal with the current altcoin picks and the amount invested. The current portfolio looks an awful lot like a standard slightly diversified portfolio and contains coins that already reached a lot of their potential (this diminishes the chance of 10-20x gains on your investment). Reaching your $1M with a 'mere' $50 grand invested certainly is possible but you will have to step up your game and become a  little bit more opportunistic. This can be done by looking for low cap coins with 10-20x potential in the near future. Only time will tell if your current portfolio will seal the deal.

40% fed tax at that level I think....also in a 10% income tax state...at least 50% ...if self-employed and mined he also may have (i think) soc sec taxes of 15%

fun times....( i need to meet a nice girl, in a country w/o capital gains and renounce citizenship and run for the border) I'd make a dandy 'house hubby'

No, of course not, this is what a lot of people want to do, you wont make a x20 in just 365 days if you do not have any experience about how to do it, forget about it.
You sound like those people who want to get rich just by investing $ 100

What you need is an underdog coin to do things like that.

Here's my suggestion : HTML, COLX, XZC, Waves.

Is tax that much high? This is crazy, if yes. Why should we pay one second of the money to the government? This is not fair, also. For the topic, if you really can find something like ADA, IOTA, VERGE, getting million dollars is easy.

Very interested in this as well. Following HR's thread since late summer and would really like to follow and participate in this one if that's OK? I'd be working off $10.000.

Happy holidays!

As an aside, I have a buddy that did this with Verge coin, he was mining as a lark since this last summer. (helped he was a big miner).

He cashed out 1/2 for a cool million to BTC....the other half will get moved eventually for taxes ...)

I, of course, forgot about any such conversation on Verge...alas....another missed boat. (It's a frigging fleet I have of missed boats!)

Rare it is, but possible, usually with an alt pump.

Good luck, 20x within a year is definitely possible but will require some good selection. Hopefully you didn't lose too much with bitcoins drop in value. a 20% return each month would put you at about $450000 by the end of the year which would still be a very nice return. You need something just under 30% each month to make 20x within 12 months which isn't a huge increase.

From early 2017 to now, it is totally bull market. Everything is possible.

However, who knows what's going to happen for 2018?? It could be like this or down to square one because of all the profit early investors made.

It would be much easier if you tried to do this earlier this year. 

I hope I am wrong and you come back in a year from now to prove me wrong but I think it is 99.99% impossible to turn it into $1 million just by buying and holding.
altcoins are not known to go that high in long term (2000%) but they surely they go up a lot in short term which means by trading them during their rising time you can make a lot of profit.

for example a hot coin these days (which is coming to its end of line) is RDD. you can see it has always been dropping constantly in long term even went to 1 digit satoshi values. now it is being pumped towards 100 satoshi and 3 digit satoshi values. this is a ridiculous amount of profit but only gained in a couple of weeks. this will disappear in the long term like 1 year.