Will this stack make me a USD millionaire?

Iranus

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Quote from: Razmirraz on May 04, 2024, 12:06:22 PM

Quote from: uknowy9999 on February 14, 2024, 06:14:34 AM

Snip--
By end of 2025 with 7 BTC and 70 ETH you will have a one million USD exposure to crypto
What are your thoughts?

Collect as many Bitcoins as you can in the present to become a millionaire in the future. If your goal is to achieve a level of wealth that can allow you to retire prematurely, start buying Bitcoin consistently. There is no need to set any ratios or wealth level targets, you only need to do what you can do now to enjoy satisfactory results in the future. 7 Bitcoins can make you live in all luxury, but I have never imagined being able to collect that many Bitcoins, I keep trying to collect them as long as I can.

Let's try to collect as much btc as possible so we can improve our economy and life in the future. Don't be in a hurry and have the illusion that just by investing in bitcoin we will easily become millionaires and soon have financial freedom. It is true that miracles once happened, many people became millionaires by investing in bitcoin with only a small amount of capital, but that era is over. Bitcoin will no longer have the ability to increase in price hundreds of times, millions of times to help us become rich with just a capital of a few thousand dollars or tens of thousands of dollars. Don't aim too high but instead think that if we invest in bitcoin from now on, we will have a less difficult future.

philipma1957

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To hold 70 eth may drag you down not raise you you up. 🆙

I rather hold 10 btc 0 eth and gold.

Razmirraz

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Quote from: uknowy9999 on February 14, 2024, 06:14:34 AM

Snip--
By end of 2025 with 7 BTC and 70 ETH you will have a one million USD exposure to crypto
What are your thoughts?

Collect as many Bitcoins as you can in the present to become a millionaire in the future. If your goal is to achieve a level of wealth that can allow you to retire prematurely, start buying Bitcoin consistently. There is no need to set any ratios or wealth level targets, you only need to do what you can do now to enjoy satisfactory results in the future. 7 Bitcoins can make you live in all luxury, but I have never imagined being able to collect that many Bitcoins, I keep trying to collect them as long as I can.

Zanab247

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Quote from: uknowy9999

Hey guys,
so I have been stacking the past years, and to be honest, mainly focused on BTC and some ETH.

How much BTC and ETH would you think you need, in order to have a FUTURE (next years?) 1 million allocation to crypto's bluechips BTC and ETH while keeping the ratio 1:10, meaning 1 BTC and 10 ETH, 2 BTC and 20 ETH and so on
For example I think
By end of 2025 with 7 BTC and 70 ETH you will have a one million USD exposure to crypto

What are your thoughts?

All you need to do to achieve 1 million is to use huge amount of money to buy BTC and ETH when the bear run occur, and apply a long hodling like 5 or 6 years before you can sell, I believe you will surely achieve more than that amount from the market because BTC and ETH still remain among the strong coins that allowed hodlers to achieve their target.

Since you have involved ETH to your investment, you don't need to panic because the two coins can make you to earn that million if you know the actual time to market your coins because if you sell in the bear run, it will not help you to achieve big profits but if you sell in the bull run, it will help you to accumulate profits.

I must confess to you that you have made a good choice in this season op, BTC and ETH are good assets that will make your dream to come to reality, and it will turn you to millionaires soon and you will like to use all those coins for long term to achieve your target.

doomloop

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Quote from: uknowy9999 on February 14, 2024, 06:14:34 AM

How much BTC and ETH would you think you need, in order to have a FUTURE (next years?) 1 million allocation to crypto's bluechips BTC and ETH while keeping the ratio 1:10, meaning 1 BTC and 10 ETH, 2 BTC and 20 ETH and so on
For example I think
By end of 2025 with 7 BTC and 70 ETH you will have a one million USD exposure to crypto

People are hoping for Bitcoin to hit $100k and go across it this upcoming bull run, and if that happens, and if the bull run starts by the end of 2024 and continues throughout the year 2025, then you might have over $1m worth of cryptocurrencies with those holdings. However, if Bitcoin doesn't manage to go around that price, it will be hard for that to happen and you will have to wait until the next bull run which might bring higher all-time highs.

Bitcoin has been going up constantly for the past few days which might be the starting point of some great action because we are yet to see any noticeable correction which could indicate that the market will go further down from here and we will have to wait more for bull run.

Yamane_Keto

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Reaching one million dollars from investing in Bitcoin starting today will not be easy, as the price will be in a rising wave and then everything will begin to collapse after less than 24 months, but if you mean as a value, the highest value that Bitcoin can have is about $180k, and it rarely happens to find someone selling for more than that and less than $70k. With a simple calculation, you can determine the amount of Bitcoin you need for a million dollars.

JariKriting

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just multiply it by the price, for example, the current price is 50k dollars if you want 1 million dollars, you need 20 btc. if the expectation is in the coming year, you just need to calculate the predicted price of btc. if the future price of bitcoin is 100k dollars, if what you want is 1 million dollars, you need 10 bitcoins.

thecodebear

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I think at this cycle's peak 7 BTC alone will probably be worth about a million. 7 BTC plus 70 ETH could be worth over $1.7 million at next year's peak.

I think probably around 4.5 BTC + 45 ETH will make it to $1 million this cycle.

And I agree on having both BTC and ETH.

I retired in 2019 off my Bitcoin, but I also hold ETH. Bitcoin is by far my biggest investment but I think it's good to have exposure to ETH as well because ETH is the central thing in the other half of the market - the "Crypto" half of the market. Although I'm more like 1:3 BTC:ETH. Though when I retired it was more like 6:10 BTC:ETH.

I expect the ETH/BTC chart will trend downwards over the long term, but maybe one day something in Crypto will actually become popular and if it does it'll likely be something built on ETH, so there is always a shot that ETH somewhat maintains its ratio with BTC.

ETH also has the benefit these days of passive income through staking. I don't currently cash out my staking rewards, but I will probably start doing that on a monthly or perhaps quarterly basis in a few years.

Lucius

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Quote from: CODE200 on February 15, 2024, 05:39:48 AM

And that amount can also vary in satisfaction from what country you're from, that 1 million could be good for about 10 years if you don't splurge on luxury in some countries like USA, UK or any rich EU countries but if you have that much amount of money in some countries, you're probably set for life like in my country, that would probably be enough money to get you through retirement, that is if you're smart enough on how to spend it so even if you're not working, money is still generated because to be honest, 1 million USD is probably not a lot of money in my country anymore.

The OP didn't mention what kind of life he's interested in retirement, but I agree that for any kind of luxury life anywhere in the world, $1 million won't last very long, but for someone who would be happy spending about $5000 a month (about $60k a year) that amount would could take about 15 years. Of course, with a smaller amount on a monthly basis, the average person could live solidly even for 20+ years in most EU countries.

However, with so much money, I would not just spend without taking advantage of a good opportunity for a new investment.

uknowy9999

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Quote from: Zeunerts on February 15, 2024, 06:04:24 AM

Whats your reason for keeping 1:10 in ETH? I am not so sure ETH will preform as well as BTC this cycle.

When I started investing into "crypto" in 2020, I wanted to have a big exposure to a big part of the market while focusing on the 2 biggest projects.

I have always seen BTC as the main reason I got into the market, but I do feel like ETH has a right to co-exist and I see potential aswell.

So for ETH I wanted to have at least enough to set up an own validator (32ETH) and BTC tried to gain as much as possible and then somehome over the last 4 years my
portfolio always stayed around the 1:10 ratio, so for every BTC I had around 10 ETH.

Zeunerts

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Whats your reason for keeping 1:10 in ETH? I am not so sure ETH will preform as well as BTC this cycle.

mich

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Well that is alot of crypto for you to be hodling in your portfolio. We must think the price of Bitcoin will be 100k at a point so maybe 2025 is the year it will happen.

If it is that price then I think you will get your dream for being a millionaire. And we know the price of Eth will follow BTC so just hodl that stack of crypto and you will be the millionaire in 2025 I do think.

CODE200

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Quote from: Lucius on February 14, 2024, 07:41:52 AM

Maybe 7 BTC will be enough for you to become a millionaire in USD, because for that to happen you need a price of 1 BTC = $140k+. If that $1 million can satisfy you in life, then you can retire early or whatever - of course when you pay the tax Wink

And that amount can also vary in satisfaction from what country you're from, that 1 million could be good for about 10 years if you don't splurge on luxury in some countries like USA, UK or any rich EU countries but if you have that much amount of money in some countries, you're probably set for life like in my country, that would probably be enough money to get you through retirement, that is if you're smart enough on how to spend it so even if you're not working, money is still generated because to be honest, 1 million USD is probably not a lot of money in my country anymore.

uknowy9999

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Thanks for the replies guys!

Helpful indeed!

adaseb

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Right now ETH BTC is around 0.0523 or so. However this can change if the ETH etf is approved in May or so. If the etf is approved then you will make more holding ETH than BTC.

BTC is leading now but usually before it tops, some money goes into alts like ETH and it excels faster than bitcoin. Then it goes down to other alt like LTC. Eventually it tops and everything starts to decline.

So the smart move is to sell BTC when you see it topping and then sell the alts like ETH and go into stables.

Lanatsa

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Quote from: uknowy9999 on February 14, 2024, 06:14:34 AM

Hey guys,

so I have been stacking the past years, and to be honest, mainly focused on BTC and some ETH.

How much BTC and ETH would you think you need, in order to have a FUTURE (next years?) 1 million allocation to crypto's bluechips BTC and ETH while keeping the ratio 1:10, meaning 1 BTC and 10 ETH, 2 BTC and 20 ETH and so on
For example I think
By end of 2025 with 7 BTC and 70 ETH you will have a one million USD exposure to crypto

What are your thoughts?

I should say that it would really be needing up 10 pcs Bitcoin for you to be able to reach out a million at least on upcoming bull run or even more considering that reaching out 100k wont really that much or too far.
If bull run market happens then it is inevitable for you to see your coins be reaching up in a million but of course with the current price with those 10 coins would be $500k+ on which this is a big amount
i should say but since you could put up some capital then of course x2 on bull run isnt really just that impossible. How much more if we do speak about reaching 3x of the current price as of this moment?
For sure it would really be that worthy on doing so. Considering ETH into your port isnt really that a bad idea as long you do have the funds that you could be able to diversify specially into those
top altcoins in the market then it would really be still that considerable step.

So its a matter of choice or risks management on where you would really be able to put up your on making out some investment decisions and as long you've been sticking into
those top coins in the market then you do somewhat having some assurance but of course we do know that this market doesnt really have any guarantee.

The Sceptical Chymist

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Trying to predict even how much bitcoin you'd need to be a millionaire in X number of years is hard enough, but if you're trying to predict a ratio of BTC:ETH that'd give you the same results, you might as well just throw darts at a board.

Plus I'd stick with bitcoin only and wouldn't dabble in Ethereum at all (but hey, that's just me). In the last year, bitcoin has demolished most "reputable" altcoins, including ETH:

And although right now it looks like bitcoin is going to skyrocket....you just never know. It does seem like there's a strong upward trend happening that will probably continue. I guess the answer to the question at hand is less than 20BTC--but how much less I haven't a clue. If I had the answer and the money to buy, I'd jump in with both feet.

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Quote from: uknowy9999 on February 14, 2024, 06:14:34 AM

How much BTC and ETH would you think you need, in order to have a FUTURE (next years?)

This depends on where you're living in the world. Economies are different, so retirement funds across different countries with different costs of living would surely be different.

Quote from: uknowy9999 on February 14, 2024, 06:14:34 AM

1 million allocation to crypto's bluechips BTC and ETH while keeping the ratio 1:10, meaning 1 BTC and 10 ETH, 2 BTC and 20 ETH and so on

That's almost a ratio of 1:2 in terms of USD value. A true ratio of 1:10 in USD value would be 1BTC to 2 ETH.

OgNasty

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7 BTC by itself may be enough to earn you millionaire status in the future. I would imagine 70 ETH also has that possibility by itself, especially if earning staking rewards. I’d say by 2029, a stack of that size will easily get you into the millions. Odds of it happening in 2025 are still probably better than not that it will happen.

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Quote from: uknowy9999 on February 14, 2024, 06:14:34 AM

By end of 2025 with 7 BTC and 70 ETH you will have a one million USD exposure to crypto

7 BTC + 70 ETH right now is worth around $550,000. A million is just merely 2x from here, so of course it's very possible.

Quote from: pooya87 on February 14, 2024, 11:58:03 AM

Days of ETH are over in my opinion, it is not going to see any more pumps like it did in early days.

*snip*

I get your point. But ETH mostly outperforms BTC in bull markets regardless of whether it will ever re-reach its all-time highs against BTC again. Majors below BTC tend to outperform in general, even the total useless shitstain that is XRP.

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