Post
Topic
Board Altcoin Discussion
Re: Is a million dollars possible?
by
BureauChef
on 16/12/2017, 21:48:34 UTC
If one were to buy and hold solid  avaerge coins (not a coin that kicks out and gets 10000% gain), but rather a nice steady gain like eth, Ltc etc (top 20) and starts with 10k, is it possible to reach a million without trading and buying/selling at highs and lows? If so, how long would you predict it would take? Or are most coins not going to last long term, so every 6 months would I have to rebalance with newer coins?

If you invest $50k in a good coin and if it makes 20x after your investment done, you simply become a millionaire. Similar things was seen in the previous times of the crypto market. Some coins did this.