First of all I'd like to state that except for bitcoin I do not hold any significant amount of the coins OP has invested in, so I'm not biased at all FYI. It's very hard to tell if you will be able to reach your goal with the current altcoin picks and the amount invested. The current portfolio looks an awful lot like a standard slightly diversified portfolio and contains coins that already reached a lot of their potential (this diminishes the chance of 10-20x gains on your investment). Reaching your $1M with a 'mere' $50 grand invested certainly is possible but you will have to step up your game and become a little bit more opportunistic. This can be done by looking for low cap coins with 10-20x potential in the near future. Only time will tell if your current portfolio will seal the deal.
Absolutely agree with this when reflecting on my portfolio. The reason its at the current state was due to investment in BTC in 2013. I didnt start alt coin investment seriously until later half of this year and realised I actually have a substantial amount invested now because of how its grown.
I am trying to diversify into alts, but have been a long time believer in both BTC and ETH which is making it hard for me to trade these for others. Hoping to get ideas and integrate it to my own due diligence.
Will be doing some rebalancing and new investment before new years and update when I've done it.
I get that I didn't start trading and investing alts right of the bat either. Only after being 2 months in the space. In your case it took a bit longer but in 2013 alts weren't blowing up as much as some altcoins today. It's not bad to be invested in ethereum but for some reason i just don't have the same feeling for ethereum like I have for bitcoin. But that's just me. Diversification is never really bad but I have a serious problem with it. It will never make you rich. And since you're trying to make $1M off of a $50K investment becoming rich and getting a lot of returns is really what you want to achieve. You should try to go find rock solid coins and basically go all in on them (all in is an exaggeration but it's recommended to go in with a bigger portion of your money). People will say it's risky and you should never put all your eggs in one basket but here's the deal. 98% of all the cryptocurrencies are shitcoins, even coins that have a big marketcap are quite shit. Now it's up to you to find that 2% and make your million dollars.