Post
Topic
Board Speculation (Altcoins)
Re: I want to make $100,000 in altcoin
by
groko271
on 24/10/2017, 00:08:37 UTC
Before making a million that is  Cheesy

So it's simple really. If I buy for example $1,000 of a coin at $0.01 I will get 100,000 coins which I can sell at $1.00 making me $100,000  Cool

OR

I can buy $1,000 of a coin at $0.10 I will get 10,000 coins which I can sell at $10 making me $100,000  Cool


You see, it's simple  Cheesy

So, which coin I buy?  Cheesy

you want to choose one coin, and it to be a success, this will almost certainly end in failure.

you are better to invest $200 in 5 coins
or
$100 in 10 coins, to increase your chance of success. (coins that go to $1 generally go higher during the spikes/dips)

but more importantly.... you need to learn to hodl.
think this is easy? Imagine you had 100 bitcoin in 2012, do you think you would have any left now or would have hodled? (nearly everyone sold well before $1000)

It seems easy to say hodl in hindsight but seriously imagine your 10,000 alt coins ended up being worth  (lets say) $50,000.... knowing at any moment it could drop to $50 at any time of a dump. It takes big balls to hodl man.... just something to think about. People say 100x all the time, but most sell well before even 5x.