Post
Topic
Board Altcoin Discussion
Re: Is a million dollars possible?
by
smusanne
on 19/12/2017, 04:17:41 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?

Right now it seems possible but we really don't know if it will happen or not, you would need 100x growth which to me seems like a lot, with 100k I'd say it's definitely doable and far more likely. If you go riskier coins and trade then it's far more likely IMO