Will this stack make me a USD millionaire? - page 3.

justdimin

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

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

The topic was in February, so saying that it is possible now is easy because we are already over 650k, so 65% of the question is answered already, if he bought at that time, he would still be in super profit already, which would mean that he did the right thing if he did it.

I personally believe that you could increase the rate though, like instead of 1 to 10, maybe do 1 to 20, that seems like a better and closer deal, closer to 50-50% in the portfolio I mean, but you can keep it this way as well, I do not think that it would be that weird. In the end, we are talking about something that is taking some time, so it is not going to be a rush order, we already at May, so it is a few months, I think until 2025 or so, we will definitely have a chance.

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Quote from: philipma1957 on May 06, 2024, 07:57:32 PM

Frankly eth has seen its peak. It is not the best one to hold.

I disagree with this, current ethereum hasn't seen its peak or at least nowhere near it, it hasn't even hit its previous all time high, despite there are many coins staked through LST i don't know why but i'm sure that ethereum is just waiting for its time to finally see its peak probably hits 2 times of what all time high is currently.
meanwhile bitcoin is already hitting its all time high probably just gonna went up in the following months though, i'm sure that bitcoin gonna reach $100k in no time within this year.
so basically holding both could benefits a lot, it just requires patient but the profit is imminent rather its obvious that both of the coin gonna have bullrun its just around the corner.

even though i might be biased, since i hold ethereum a lot probably it made up my entire life saving, but i have done thorough analysis and i'm sure with my choice.

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Quote from: BITCOIN4X on May 06, 2024, 03:02:06 PM

Quote from: Smack That Ace on May 06, 2024, 10:55:57 AM

Quote from: BITCOIN4X on May 05, 2024, 04:28:09 PM

~Snip

The entire market will depend on bitcoin, if bitcoin increases in price then the rest of the market will increase in price. But you need to know one thing that bitcoin has become quite big and its profits for investors are gradually getting smaller. Meanwhile, many altcoins will be able to bring profits many times greater than bitcoin, and ETH is also one of them. That's why many investors are increasingly choosing altcoins instead of bitcoin, and high profits come with high risks. Investing in altcoins can bring huge profits but will also expose us to more risks. So choosing to invest in bitcoin or altcoin will depend on the amount of capital they have and the goals they want to achieve.

I admit that what you say may be true, but so far expecting ETH to hit its new ATH again is a gamble when Bitcoin already hit it two months ago. The price of ETH will move up and try to hit a new ATH if bitcoin consistently rises during the bullish season. But if instead the price of bitcoin is stuck below $100k for a long time, then the price of ETH will likely find it difficult to hit its new ATH again.

However, this does not mean that expecting ETH to provide returns is wrong, especially when investors have accumulated it from 2022 until now. ETH may not be the best performing altcoin compared to others, but investors have also earned returns from it.

Frankly eth has seen its peak. It is not the best one to hold.

BITCOIN4X

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Quote from: Smack That Ace on May 06, 2024, 10:55:57 AM

Quote from: BITCOIN4X on May 05, 2024, 04:28:09 PM

~Snip

The entire market will depend on bitcoin, if bitcoin increases in price then the rest of the market will increase in price. But you need to know one thing that bitcoin has become quite big and its profits for investors are gradually getting smaller. Meanwhile, many altcoins will be able to bring profits many times greater than bitcoin, and ETH is also one of them. That's why many investors are increasingly choosing altcoins instead of bitcoin, and high profits come with high risks. Investing in altcoins can bring huge profits but will also expose us to more risks. So choosing to invest in bitcoin or altcoin will depend on the amount of capital they have and the goals they want to achieve.

I admit that what you say may be true, but so far expecting ETH to hit its new ATH again is a gamble when Bitcoin already hit it two months ago. The price of ETH will move up and try to hit a new ATH if bitcoin consistently rises during the bullish season. But if instead the price of bitcoin is stuck below $100k for a long time, then the price of ETH will likely find it difficult to hit its new ATH again.

However, this does not mean that expecting ETH to provide returns is wrong, especially when investors have accumulated it from 2022 until now. ETH may not be the best performing altcoin compared to others, but investors have also earned returns from it.

Smack That Ace

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Quote from: BITCOIN4X on May 05, 2024, 04:28:09 PM

I agree that ETH can be the main altcoin that performs well after bitcoin. ETH can provide decent return for investors and holders regardless of other users' sentiment towards it, but why would you really want to maintain a 1:10 ratio?

I know you have considered the plan very wisely despite the viewpoints of other users in this thread, but personally would not buy more ETH than bitcoin. If today I had a $100k budget to invest, then 10% of that budget I might consider buying ETH, the rest I would buy bitcoin. The price of ETH will rise higher only if the price of bitcoin rises high, meaning ETH is still very dependent on the bitcoin market rather than having its own power to rise high like bitcoin.

The entire market will depend on bitcoin, if bitcoin increases in price then the rest of the market will increase in price. But you need to know one thing that bitcoin has become quite big and its profits for investors are gradually getting smaller. Meanwhile, many altcoins will be able to bring profits many times greater than bitcoin, and ETH is also one of them. That's why many investors are increasingly choosing altcoins instead of bitcoin, and high profits come with high risks. Investing in altcoins can bring huge profits but will also expose us to more risks. So choosing to invest in bitcoin or altcoin will depend on the amount of capital they have and the goals they want to achieve.

Nrcewker

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Yes definitely this holdings can make you a millionaire. Bitcoins are constantly increasing in the price from the past few years. It has given huge returns to all the investors in very short period of time. If you are planning to hold 7 BTC only, then it will be alone sufficient to make you a millionaire. On the other hand ETH is also a good investment option, as it’s marketcap is high and along with Bitcoins, it’s price also increasing at constant pace.

bitterguy28

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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?

that is a lot when you are calling till next bull run because that 7 bitcoin might be enough to bring you 1 million dollars and what more with 70 ethereum?if each ethereum reach 5 thousand dollars that is another 350k in which to be added in that 7 bitcoin that is a lot I believe .

X-ray

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even without ethereum you probably already on the right track to reach million if you just hold it until it reaches at least $120k and beyond.
many people have the same target anyway, so i believe it will happen, considering right now ETH gain isn't that spectacular as it was back then I believe that you better off investing in bitcoin alone in my opinion.
though i know that because ethereum is having lower capitalization might means something to you like better gain in the long term but really even bitcoin is gaining massively from $20k to $60k easy.
ethereum on the other hand hasn't reached all time high maybe because the buying pressure isn't that great, but maybe its also sign that the next rally the one that gonna gain big capital growth is ethereum.
but it could also probably mean ethereum isn't in that much demand anymore.
though your strategy of 1:10 ratio is pretty solid in my honest opinion you won't miss out anything if ethereum suddenly trying to break out and surpass previous all time high.

adaseb

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Quote from: adaseb on February 15, 2024, 01:12:37 AM

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.

I am pretty sure it won’t be approved in May. There is way too much regulation in this area and the “What if ETH is a security “ keeps coming up.

I just don’t see them approving the etf in May; almost nobody expects it to be approved. I think eventually it will be approved but it’ll be like the bitcoin etf, where it took pretty much almost a decade from the first rejection to the first approval.

tabas

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I was about to say to OP that with bluechip cryptos (BTC & ETH) will not move a lot anymore but after seeing how much you've got, you'd certainly gonna become a millionare with that stack for sure. But I don't want to give you the guarantee that you'd see that by 2025 but there's a big chance that you'll be part of the million dollars club soon. How I wish that I was able to stack just as you but I'm not and I'm just one of the small fish in the ocean but happily swimming with the big ones. Even having a 2x from both of your stack, you'd already become a millionaire. I can't wait to see that happen as it will be your happiest day ever.

Wexnident

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

~

The 7 BTC and 70 ETH right now is roughly around $650k~ ish. But since we are considering by the end of 2025, and that I'm assuming a pump would actually happen by next year, said amount would probably be pretty close to a million. Heck most people are expecting 100k ish in BTC so that would already equate to 700k and since ETH (and most altcoins) closely follow BTC price, it'd be pretty safe to say that you'd get that one million by 2025. Tax not included yet though Wink

If you were selling exactly at the end of 2025, things might change since the market may drop though.

hatshepsut93

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Depends on what you mean by having $1 million. Touching that milestone is one thing, actually having it, meaning that your portfolio's average value during some long period like 1 year is $1 million is completely different. It could be that Bitcoin will touch $150M for example, but only for a few hours, and the average price of the bull run will be $80k.

For Ethereum I think most realistically it will be slowly going down from 0.05 BTC to 0.03 BTC in the coming years. Not hard to calculate that 1 BTC + x10 ETH is around 1.5 BTC now and would most likely be < 1.5 BTC in the future.

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Quote from: blckhawk on May 05, 2024, 05:40:58 AM

I don't feel like 2025 is the year for bitcoin and that you'd be able to hit that million by that year with just 7 bitcoins,

Who knows, according to the pattern seen on the history of Bitcoin price, 2025 should be the year for Bitcoin to record a new ATH that is more than 2x of it previous cycles's ATH. Bitcoin had performed this kind of pattern in its previous after halving event and is more likely to happen this post-halving event too.

If that happen then 7 BTC + 70 ETH would likely hit @OP's target price.

Quote from: blckhawk on May 05, 2024, 05:40:58 AM

I'd say that it will be around 2030 or higher before you can hit that number, maybe you also need to focus on other things too, there's the fact that you can have that USD if it's enough to try and get yourself to move to a country that has a really favorable exchange rate with USD like the tropical countries in Asia, South America or maybe even in some Caribbean countries, find other ways to make money not just your work to increase your bitcoin investment and you can easily reach millions in USD if you do that.

I do not think profit from USD conversion can easily gain @OP a $1million total. Besides the fluctuation percentage of USD to other countries currency is not fixed and sometimes land on a negative so it will be a challenge for @OP and hard work for him to get his initial funds to a million dollars. Unlike in BTC he just need to wait for the market to hit his target price. Working and looking for other sources of income is out of the equation since @OP is just asking if his current holdings will give him $1million at the end of 2025.

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Quote from: philipma1957 on May 04, 2024, 08:51:13 PM

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

I rather hold 10 btc 0 eth and gold.

10 bitcoin x $100K= $1.000.000 - I think it is more likely to be achieved even before the end of 2025.

I can imagine other scenarios especially about the 1:10 ratio. The OP just needs to wait for the price of bitcoin to reach $100K while he has to hope for ETH worth $4285 to reach $1,000,000. Buying more bitcoin allows him to earn $1M faster than maintaining a 1:10 ratio - but it's up to him how to plan his future investments.

BITCOIN4X

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I agree that ETH can be the main altcoin that performs well after bitcoin. ETH can provide decent return for investors and holders regardless of other users' sentiment towards it, but why would you really want to maintain a 1:10 ratio?

I know you have considered the plan very wisely despite the viewpoints of other users in this thread, but personally would not buy more ETH than bitcoin. If today I had a $100k budget to invest, then 10% of that budget I might consider buying ETH, the rest I would buy bitcoin. The price of ETH will rise higher only if the price of bitcoin rises high, meaning ETH is still very dependent on the bitcoin market rather than having its own power to rise high like bitcoin.

philipma1957

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Quote from: Saint-loup on May 05, 2024, 02:50:38 PM

Quote from: blckhawk on May 05, 2024, 05:40:58 AM

I don't feel like 2025 is the year for bitcoin and that you'd be able to hit that million by that year with just 7 bitcoins, I'd say that it will be around 2030 or higher before you can hit that number, maybe you also need to focus on other things too, there's the fact that you can have that USD if it's enough to try and get yourself to move to a country that has a really favorable exchange rate with USD like the tropical countries in Asia, South America or maybe even in some Caribbean countries, find other ways to make money not just your work to increase your bitcoin investment and you can easily reach millions in USD if you do that.

I agree with you it's very unlikely to happen, because Bitcoin and Ethereum are already very high and close to their ATH, especially BTC. So those assets are more likely to go down now than to go higher. There is no FOMO events scheduled in the coming months anymore, ETFs have been approved and halving has now passed. I see above one guy (OgNasty) telling "odds of it happening in 2025 are still probably better than not that it will happen" I would be curious to know how he came to that conclusion. Because it means that he thinks odds for this outcome to happen, are higher than 50%, that is to say less than 2.0 in decimal odds. That would be crazy if it was realistic.

7 btc at 143k is 1,001,000

70 eth converted to gold would mean about. 220,000 usd in gold.

I would think 7 btc and 100 oz of gold would be a better hold and very likely get to 1,000,000 by dec 2025

Saint-loup

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Quote from: blckhawk on May 05, 2024, 05:40:58 AM

I don't feel like 2025 is the year for bitcoin and that you'd be able to hit that million by that year with just 7 bitcoins, I'd say that it will be around 2030 or higher before you can hit that number, maybe you also need to focus on other things too, there's the fact that you can have that USD if it's enough to try and get yourself to move to a country that has a really favorable exchange rate with USD like the tropical countries in Asia, South America or maybe even in some Caribbean countries, find other ways to make money not just your work to increase your bitcoin investment and you can easily reach millions in USD if you do that.

I agree with you it's very unlikely to happen, because Bitcoin and Ethereum are already very high and close to their ATH, especially BTC. So those assets are more likely to go down now than to go higher. There is no FOMO events scheduled in the coming months anymore, ETFs have been approved and halving has now passed. I see above one guy (OgNasty) telling "odds of it happening in 2025 are still probably better than not that it will happen" I would be curious to know how he came to that conclusion. Because it means that he thinks odds for this outcome to happen, are higher than 50%, that is to say less than 2.0 in decimal odds. That would be crazy if it was realistic.

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

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?

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

The Tax depends on where you live ....

blckhawk

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I don't feel like 2025 is the year for bitcoin and that you'd be able to hit that million by that year with just 7 bitcoins, I'd say that it will be around 2030 or higher before you can hit that number, maybe you also need to focus on other things too, there's the fact that you can have that USD if it's enough to try and get yourself to move to a country that has a really favorable exchange rate with USD like the tropical countries in Asia, South America or maybe even in some Caribbean countries, find other ways to make money not just your work to increase your bitcoin investment and you can easily reach millions in USD if you do that.

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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.

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