Re: Turning $50,000 into 1M in 365 days- Buy and Hold possible?
Inspired by HR's thread ($10,000 into 1M):
https://bitcointalk.org/index.php?topic=1936239.0
Looking for input from experienced traders regarding my coin picks and their fundamentals to see if a buy and hold (with adjustments but not day trading) will be possible to 20x the initial investment of $50,000 ideally within a year. I would like to aim for $350,000, and a maximum of 1,000,000.
Snapshot of portfolio based on today's pricing:
Bitcoin (BTC): 42%
Ethereum (ETH): 22%
Ripple (XRP): 14%
Iota (MIOTA): 10%
Basic Attention Token (BAT): 7%
NEO (NEO): 1%
I don't believe this current portfolio will be able to reach 20X due to majority being established coins that have already moved considerably. Last month's ROI was approx 22%.
I'd like to adjust my future portfolio for the next month to look like:
BTC: 15%
ETH: 20%
XRP: 20%
IOTA: 20%
BAT: 5%
____: 5%
____: 5%
____: 5%
____: 2%
____: 2%
____: 1%
Ideally I'd like to change either my BTC or ETH holdings into the next big project, similar to how HR changed his LTC into ADA, but can't decide for now.
For the speculative ones, I'm aiming for coins with <50M market cap with good fundamentals.
I'd hopefully update this every week, for those whose advice I take and profit from I'd plan on giving back in some form as I reach milestones (100k, 200k, etc). Of course if it all goes south you'd just have to accept my gratitude
Any suggestions/constructive criticism is welcome!
In my opinion, it is not impossible to make 1 Million in just a year because this was proven to me by my friend due to his achievement in just a year. In addition, dealing with trading and investing will help a lot in order to earn money because trading can help anyone to make money in just a short term of time and investing will take a long time. However, knowing whom you'll invest and trade your coins should be considered in order not to get scammed. Monitoring and understanding the market needs to be done in order to avoid losing of money.https://bitcointalk.org/index.php?topic=1936239.0
Looking for input from experienced traders regarding my coin picks and their fundamentals to see if a buy and hold (with adjustments but not day trading) will be possible to 20x the initial investment of $50,000 ideally within a year. I would like to aim for $350,000, and a maximum of 1,000,000.
Snapshot of portfolio based on today's pricing:
Bitcoin (BTC): 42%
Ethereum (ETH): 22%
Ripple (XRP): 14%
Iota (MIOTA): 10%
Basic Attention Token (BAT): 7%
NEO (NEO): 1%
I don't believe this current portfolio will be able to reach 20X due to majority being established coins that have already moved considerably. Last month's ROI was approx 22%.
I'd like to adjust my future portfolio for the next month to look like:
BTC: 15%
ETH: 20%
XRP: 20%
IOTA: 20%
BAT: 5%
____: 5%
____: 5%
____: 5%
____: 2%
____: 2%
____: 1%
Ideally I'd like to change either my BTC or ETH holdings into the next big project, similar to how HR changed his LTC into ADA, but can't decide for now.
For the speculative ones, I'm aiming for coins with <50M market cap with good fundamentals.
I'd hopefully update this every week, for those whose advice I take and profit from I'd plan on giving back in some form as I reach milestones (100k, 200k, etc). Of course if it all goes south you'd just have to accept my gratitude
Any suggestions/constructive criticism is welcome!