Post
Topic
Board Trading Discussion
Re: Turn $10,000 into 1 Million
by
JohnDoe3490
on 29/12/2017, 21:31:10 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

Based on the chart and information above, it seems that holding coins can double your money without making an effort but these past few days, I've been watching the market and I think there are dropping of value and bitcoin correction happening and it seems that is not yet finished. What do you think is the best option? Is it really worth holding our coins or worth of selling our coins now? Let's hope for a better result in the future. Fighting!

Yes, sometimes there is more profit in just holding a coin. No commissions are taken and you don't really have to time your buys and your sells. If you just hold onto ripple since the early days, you might be already at your target goal.