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?
I think 1 million is possible for 5 years because with every day mining is harder and you need to use more electricity and better equipment to mine same amount, in future many miners will mine 1 bitcoin for 1 year so its very possible what this bitcoin will cost a lot.