https://bitcointalksearch.org/topic/turn-10000-into-1-million-1936239
Looking for input from experienced traders regarding my coin picks and their fundamentals to see if a buy and hold (with adjustments but not day trading) will be possible to 20x the initial investment of $50,000 ideally within a year. I would like to aim for $350,000, and a maximum of 1,000,000.
Snapshot of portfolio based on today's pricing:
Bitcoin (BTC): 42%
Ethereum (ETH): 22%
Ripple (XRP): 14%
Iota (MIOTA): 10%
Basic Attention Token (BAT): 7%
NEO (NEO): 1%
I don't believe this current portfolio will be able to reach 20X due to majority being established coins that have already moved considerably. Last month's ROI was approx 22%.
I'd like to adjust my future portfolio for the next month to look like:
BTC: 15%
ETH: 20%
XRP: 20%
IOTA: 20%
BAT: 5%
____: 5%
____: 5%
____: 5%
____: 2%
____: 2%
____: 1%
Ideally I'd like to change either my BTC or ETH holdings into the next big project, similar to how HR changed his LTC into ADA, but can't decide for now.
For the speculative ones, I'm aiming for coins with <50M market cap with good fundamentals.
I'd hopefully update this every week, for those whose advice I take and profit from I'd plan on giving back in some form as I reach milestones (100k, 200k, etc). Of course if it all goes south you'd just have to accept my gratitude
Any suggestions/constructive criticism is welcome!
If you're talking about holding the above listed throughout 2018 and then evaluating your assets at the end of the year, I doubt you would reach 1M while 350k is entirely possible. I base my words off observations from the current year when there were at least 50 altcoins which grew at a higher rate than Bitcoin did and by having 42% invested in Bitcoin seems like you're straining your chances at going big.