Post
Topic
Board Trading Discussion
Re: Turn $10,000 into 1 Million
by
bubble pop
on 21/12/2017, 04:49:28 UTC
Perhaps not exactly "trading", but it just might be one of the shortest time frame investments you'll ever make.  Wink

How about a portfolio competition?

Using today’s price to establish opening position cost basis, the following portfolio has a minimum target of $100,000 (if everything goes wrong) and a maximum (still conservative) target of $1,000,000. (Explaining the reasons why goes beyond the scope of this friendly competition.)

Litecoin (LTC) – 50%
BitShares (BTS) – 10%
STEEM (STEEM) – 10%
Syscoin (SYS) – 10%
Nxt (NXT) – 10%
PIVX (PIVX) – 5%
NEM (XEM) – 5%

We’ll see how it does. Wish me luck!


Full Disclosure: I currently hold many of these issues as “long term” investments (but not all at this exact time since I’m still looking for a better entry on one in particular), and could purchase or sell any, at any time, and/or trade short term as well, with the weighting for this “model” portfolio being somewhat different from my own, where, for example, I am currently overweight LTC, BTS and PIVX.


http://i.imgur.com/MqTGARn.png


Edit: Forgot one very small detail at the time: the price of Bitcoin. It's highlighted on the 5 min chart below.


http://i.imgur.com/00lZU8s.jpg


That is a great thing to so diversify your money into different coins because relying in one coins is a big mistake because if that coin fail you will left with nothing. And that is really possible because hose altcoins are now making a name in the Industry and there are rumors that will pump a lot more in the next couple of years. And knowing that you are now investing in them in their lowest point you holdings will probably gonna be worth millionss when the day comes that those coins you had invested are already successful just like bitcoins. They are gonna be a huge inspiration through a lot of people