Post
Topic
Board Altcoin Discussion
Re: Is a million dollars possible?
by
Melnikof
on 02/07/2018, 23:14:14 UTC
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?

With luck and big investments equal to $20-50 thousand during 10 years, you might get $1 million. However, you could lose everything, cause the market is new and volatile!