Bitcoin Forum

Would one be super rich if one now bought 1000 of each altcoin under a dollar at the time of this writing 5 years from now?

I don't think so.

Thanks Wedice, but can you explain why?

Can't say super rich because it depends on how big the coin has grown but yes certainly and I mean "certainly" you will be on profits . 500 to 600% profits I would say because one good coin is enough to make good profits.

Note: I assume you are asking about buying 1000 coins @1 dollar and not each coin worth a dollar.

Do you know how many altcoins are there? Altcoins are a dime a dozen.
Hell, I would create an alt right now if I know I could make $1000 from you right away.

1000 from each altcoin under a dollar doesnt mean you will make 1000 on me unless you price them a dollar each.

Because most get delisted eventually and THEN no one wants to buy them for any price.

Since the only use these have is trading for profits on exchanges then it means when they get delisted they are pretty much dead.. unless they get back onto an exchange (VERY RARE)

Your money would be better spent playing the lottery or buying scratch & wins at the gas station.
Or..
Simply putting it into a basic savings account at any bank and leaving it there for 5 years.
The value in that is you WILL get a profit guaranteed.

If you want to play investor i urge you all to get on Google and research what a sound and intelligent investment actually is.
Problem is you guys won't have a forum to come here and create lots of accounts with to troll and and cry FUD all the time if you wait for a bank investment to to pay out in 5 years.

No fun unless you can come here and be a retard shill chanting innovationunz..
Gotta fire a hot load of bag hodler spam all our faces 24/7 fer teh ROI'z & teh LUL'z  :D

Y'all buy 1000 pieces o' garbage, y'all still gon' have 1000 pieces o' garbage in a year, in 3 years, in 100 years!  These shitcoins is all goin' to tha grave, son.  What you besically axin' is if you gon' win the lottery, an' ain't no one on this forum can tell ya thet.  But you got ta realize thet the money ain't made wit' holdin' shitcoins, it'sa made by gittin' in an' out like a coked out day trada.  All you gon' have at the end of five years is a bunch of coins wit'out blockchains ta even trade 'em wit.  Do that answa it fo' ya?

Look at ethereum. they were starting at 0.5 cents and the two years has passed and the ethereum price is currently stable at 13 dollars and which mean it can bring you a lot of the money. But all of the coin track depend on the project development.

Exactly, I now have GNT, XRP, Dash, Ether and BTC itself.

Any suggestions in which ones are good?

maybe he can be super rich if he buy the right altcoin and save it for 5 years from now but its difficult and really hard to predict the right coins unless you have time machine to go to future and see what coins that will stay in that time. i think the coins will stay exist in the market is because the dev take attention and really care with the coins and giving support for the coin.

Ethereum was manipulated and that took power & money.
It is a historic coin in scammyness.
It's launch was rigged and exploited.

It is the ultimate scam coin here in crypto history.
And you all played along for the profits.

AND you will AGAIN as long as it gives you ROI'z !
What does that take ?
A dev who can rig the coin to profit from and a team to spam and hype and then pump it.. nothing more.

XRP and Dash are trash. Buy Monero.

As always, a pile of bullshit from spoetnik.

I don’t think so, and the reason it is very simple, there are simply too many coins where you can put your money, if you have a crystal ball to predict which of those coins will be worth something then you may have a case but that is not possible.

Rich may be too big of a word, but if you do this, you will pick some of the to be gems up that will give you 10-100x ROI by that time.

On the other hand, you also lose a lot of value on most of the coins, severely impacting the overall returns.

Buy WBB , end of this year you will get lot of money.

the explanation is simple. open an exchange website, and check out at least 100 cryptocurrencies and now see which one of them have been around for 5 years. you will be surprised to find out how that number is small. now see how their prices changed during the time they have been around. now check for 500 altcoins.

it is always possible that you buy an altcoin at $0.01 and it goes to the moon in 5 years and you make a fortune but the possibility of that altcoin disappearing is much higher.
the only thing that has a better possibility to rise is bitcoin and nothing else comes close.
some altcoins such as LTC and XMR have some chances of staying around and maybe rising a little but again the chances are low.

It wasn't from me..

When i posted my topic on ETH here being a scam in 2014 because of a sketchy ICO launch it was OTHERS on the forum that exposed they 0day buy up shenanigans.
Who is it you think was buying blocks of 100 BTC buy orders of the pointless sell of an ICO coin on launch in 2014 when no one had heard of it or had any interest (until 2 years later) ?
It was the fucking dev's etc of course.. duh
The same people who pumped it 2 years later and the same dev who admitted he dumped for a million dollars and had 4 million worth.
How did Butters get millions ?
See my page 1 topic where other people posted info on it in 2014 ;)

Myself and others pulled the mask off the Ethereum scammers faces.
You all choose not to see the ugly result..

---

No, of course not, because:
1.  Most of those altcoins will crash and burn, leaving many of your investments worthless.
2.  The ones which don't collapse soon will usually never make it over a dollar, especially the coins which don't matter.
3.  If they go up, you're likely to miss it if you're waiting several years as it won't be for long (altcoins are very volatile).

You need to check each altcoin for its legitimacy.  Some altcoins will rise in value, but they are usually established coins with relevant innovation rather than just another new attempt at a Bitcoin rip-off.

I dont think speaking of purchasing 1000 coins on each altcoin would really cost you since there are lots of alts out there and if you are just choosing those low value coins it doesnt guarantee you and chances are very slim because most of those cheap coins end up to dump forever.

Incent, Waves, Ardor, Chronobank (if you can get them for < 1$) - ICO coins that raised good funds and with devs who don't do a runner are a good long term invest (Ardor is more a 2nd gen ICO).

some opportunities only take place once or twice during our lifetime and they don't ever repeat themselves.
what you are explaining was only true about bitcoin once during the <2009 years when price was lower than $1 and it had lots of potential (it still has).

there are still altcoins that "get pumped 100% or even more" but that is temporary. you can see it in their history.
so in other words don't think 5 years. instead think 1 month or better yet a couple of days up to 1 week.

I remember when people said BTC was a scam,
then they said they government would stop it,
that fiat wouldn't allow it,
that silk road destroyed it....
and finally those people STFU
and regretted not buying at $2
and mining the hell out of them.

So look, the way i see it is if you see a coin you think has potential and its only a few bucks to load up a few thousands of them and forget about for 5 years, then go for it.
I did, and and waiting for the day it pays off again. 

If there was an altcoin that would pump hard enough to make you rich from a tiny investment even by buying at the bottom, I would have already bought that, but if I was to be realistic, I cannot find a single coin that will give you that massive amount of profit at this point even in 5 years.

Of all the altcoins, I dont see a single altcoin worth holding for 5 years, and I still see bitcoin as number one coin... I wish to know the alt that will make us richer than a motherfucker, but unfortunately, I dont see it.

It kind of depends. It is the strategy that venture capitalists use - they invest small amounts in loads of businesses, lose money on 90%, break even on 5%, make a small profit on 4% and have 1% that really deliver.

The way to manage this is to ensure that you take profits when a particular coin surges. Otherwise it can die. People who invested in Doge right at the start, and then took profits when it hit 200 satoshis, did nicely. The ones who held thinking it would go even higher were disappointed.

So yes, it is a strategy that could work, but you have to be disciplined about not drinking too deeply from the hopium and taking profits when they present themselves.

XMR pumped %2000 so pretty sure anyone that bought a decent amount in the early days is now rich

Same goes for when ETH was 20 cents a coin

So as we see... there are still chances to get rich in the altcoin world, the problem now is... what the hell is out there, that is interesting enough to get a solid pump? Pascalcoin? pumped real hard too, but its already correcting, thought decision to buy or not to buy.

Byteball? who knows if you are not buying right before the big dump as investors dump their free Byteballs.

FUCK this thin. I just want to hold the right coin and get rich, but I don't know how to do it, so im always in pain and stressed out.

We cannot tell,right now all we are seeing are scam ico and useless clone coin,only few coins has a good potential in the market,I recommend that you only buy coins listed in the top rank of coinmarketcap or use your own judgement based in your experience on what coin can yield profit fiver years from now on.

Currently I own more than 1000 altcoins of some of the more prominent ones since yesterday and can say I am 29% up in 1 one day, please feedback.

how can this is possible? among 1000 altcoin only 10 or so might be good to have therefore you are losing quite a good amount of money on the other 990, if i was you i would hold only the promising one and get rid of the other

When you look at altcoins that were top 20 in January 2013, they are mostly dead, those few that stayed in top, didnt grow, rest was substituted with newer more advance coins. So no, I dont think it is a good idea. But you can regularly add every new coin that wil ever enter TOP 10 for more than month. It is better strategy, but it still doesnt mean you will be super rich.

You have a good point in altcoin there is no possibility that you can be super rich. if you can stay trades with only bitcoin and few altcoin that long live or stay for too long already you can just earn but you can be super rich.. the other altcoin is not the same as bitcoin. we are seen that altcoin are cheap if we buy 1000 in a dollar in 5 years i think the other altcoin there are not growing.. and the other are dead.. it will be the worst if you lose it all..
so better to watch the movement and sell if you seen the price is really high and you already made a good profit start selling it and wait again for the price low..  just like other trading said buy low and sell high..

Do you want to share which coins you bought?

Nice to hear from folks that are just starting out...
I own more than 20,000 altcoins... and hope that someday you gain experience. Please no feedback.

Ripple, Dash, Maidsafe

Ripple - are you really fine with a company which wants ultimately create 100 billion tokens while keeping half of it?

Dash - if you are into secretly instamined coins then Dash will be the best for you. /s

Maidsafe - this coin has great potential, if developers could deliver for once and fulfill their promises. Until then it is only forever Soon™️️ type of a project.

Alts and long-term can't be together in one sentence.  ;)

If your plan is to be active on market, then maybe. But then grab a few potential alts which can go easy upward. Sell when it comes pump time, and then invest in another which has potential at that time.

Buy some alts and forget about market for a few years is a joke. Better idea is to buy just BTC. But then profit percentage is much smaller.

I think he is looking at coins purely on a profit basis, rather than whether the philosophy is right. So a speculator doesn't care about instamines or centralisation. Only whether the price rises after the speculator has purchased the coin.

No way. all you need is to buy $100 of every scam there is and sell when gets high enough.

Try to avoid coins with some project and stuff. Just look for most promoted and hyped. You will be rich in no time.

I get good profits from just a $100 initial capital investment. It turned into more than $4000 in half a year. But the pump was really hard and you should not expect such things to happen very often. You can become rich only by trading crypto, IMO. Do not play love with it because, as in a real life, you can burn hard. Buy and sell on a right time. It is everything what you need.

buying every coin? you would be probably losing money.
there are more coins dying every day than coin going 100000$%.

but, if you do some search before and buy only  the "good" stuff (and by "good" i mean coins with at least a solid team), you would be probably with some profit(and i wouldnt say very rich)

Hahahaha good joke buddy. If you're buying an ICO shitcoin AFTER the presale, more often than not, you're just throwing money away. You should absolutely not divert serious amounts of funds into ICO coins after they've already been listed on exchanges. With that being said, non-ico shitcoins or shicoins currently in ico are still fair game.

The answer will be no, from 100 alt coins that you invest not more than half is going to survive for 5 year and maybe the one that going to make profit is maybe 10 alt coins, so you still going to lost a lot of money, alt coin is a very unstable coin, investing in a long time is the same with high risk gambling

It is the harsh truth about ICOs.

After initial phase of ICO when there is no hype anymore and pumping is done,
then it is you best chance to sell off every token and forget about this coin.

The best and quite recent example - Zcash - right after the end of ICO period was over price of 1 token was around $1300 for a few days.
And now Zcash is worth $30.

1000 of each altcoin costing you under 1 dollar? Those cryptocoins must be the most useless, most avoided and the most worthless of them all. It would be better for you to keep your money. You might need it for better things in the days ahead. It would also be good to ask yourself, who the hell becomes super rich with a 1 dollar investment?

I can tell you that you would have lost more than 90% of your investment, there is high probability that most of these so call Altcoins won't be in market in 5 years time. I expect a big change to happen in the cryptospace soon that would separate real projects from scamcoins and this will just be obvious to see for all.

1st is correct, litecoin was so expensive, highest price was 0.05 btc per ltc in the end of 2013, but now ltc is worth 0.0035btc. POW coins has no future, I like pos coins because inflation is lower than real world.

Risks to save or invest altcoin in long term is much more dangerous than bitcoin. Immediate conversion of all altcoin to bitcoin and keep only 30% of coins just for playing in trading market. Many kinds of alternative coins means many users are divided depending on their choice who tend often not survive in one coin, Altcoin developers when they can't get up, they would go bankrupt and disappear, or walk without hope.

No. You will mostly be at a loss on bitcoins, but at a profit when compared to fiat money. But this is because the Bitcoin price rose, so you better just keep bitcoins.

right now it is best if you only keep your bitcoins or if you have fiat and want to invest buy bitcoin with it instead. because bitcoin price is rising at the moment and for the time being it will continue, and this means majority of altcoins are going to be dumped, and some of them dumped hard; mainly because traders will migrate to bitcoin market instead and want to make profit there.

and then after this period, you can invest in altcoins for short term and get back to bitcoin afterwards if you want a sure profit instead.

Of course no that a really big no. The reason bitcoin has no owner it is just a system created by a person and he doesn't control anything nor he gets anything. Of course in case of altcoins all the legit ones price can't be controlled. But the owners can keep the money with them as far as I remember. Now of course there no chance that altcoins will reach at price of bitcoin and suppose the coin is in loss the owner can simply take all the coins and run away. I would recommend you to invest most of you money in bitcoins only and keep altcoins for maximum a year or maybe two

Answering the question i would say probably not. Lets say you buy top 100, average price lets say 0,5usd. 100*1000*0,5 you need 50.000 usd.

If we look at the past for every 100 alt only one made it, and lets say you find 2, which will go 50 times up, the other will probably dissapear. So 2*1000*25 makes 50.000 usd. Even if you find 2 alts to go 50 times up, you will get your money back !

So isnt it better to invest at BTC or choose more carefully altcoins ?

The problem is the average user of bitcoin has no way to distinguish from the coins that have some potential and the ones that are nothing but an attempt to ride the bitcoin train and cash come money out of a scam coin.

I agree. Altcoins are too risky to try them all. I would stick to the top ten altcoin, probably only the top 5 or 6 among those.

It is better to just buy the bitcoin and big altcoins.

No, you should not choose randomly, there are hundreds of altcoins but most of them are useless, that means they will lose their value by the time, from other side, some cryptocoins has great potential. For example, Ethereum, although the price of this coin is much higher than its initial price, but sure it will rise more in the future.

People buy altcoins just want to earn more bitcoin ;D
That's the only reason why so much altcoin.

Lol, if you buy a small stash from about thousand altcoins today in five years 950 of them will be long gone  ;D but from that 50 there will be 30-40 decent ones with three to four times ROI and five or six of them with at least 20x ROI. And probably one or two with a 100x ROI.

If you buy the top 10 altcoin, it is much safer.

Exactly my thoughts. I have some big coins in small amounts and I am trying to buy even more of them.

That way when they go up I will have a decent investment. As long as they outrun bitcoin on the long run it is a great investment for me. I don’t buy small ICO newly on exchange type of coins. I buy stuff like ETH, Ripple, Litecoin, Monero, stuff that will go up and ran properly.

5 years?

more like 1 year if you choose wisely ;D ;D

Buying a thousand of each alt will cost the hell lot of money and would be almost impossible, because you have to create wallets for every bloody coin.
Of course this idea is bad, because most of the coins are likely to die and so you are likely to lose more than win. I think it is better to invest a bit in some good coins (in about 3 of them) and buy/sell other coins which suddenly get pumped. This seems to be a better way of becoming rich or of at least not losing a lot.

actually ether is always going to be one of those altcoins that will be good in short term and nothing else. you buy it low before the pump and just wait for the pump to reach its peek and then dump it to move on because history has proven that the price will go down in a slow fashion making everyone double think their decision to sell and end up keeping it and lose profit.

How about buying ICOs, I am referring with the good ones, not with scam coins. Existing altcoins now are already pumped, unless you are willing to wait to each of them to land to its lowest price before you buy.

There are way too many altcoins out there. If you can spend $1000 dollars on every altcoin you are already rich.

We need a new coin that can make us rich so we can get in at the bottom, but only shitcoins are released.

I want a new gamechanger coin that can make me rich so I can get in from the beginning, but I see nothing.

not sure man but $1000 invested in 1000 different alt, mean that you need at least one that reach 1000x or 10 that reach 100x or 100 that reach 10x, to me seems unlikely, one someone find a good alt that alt reach at best 10x and it happen one or two times per year, i think it's a bad strategy and he will lsoe money

Why bother to wait for that to happen if we can make today a way to become "rich" my simply taking a ride on bitcoin and altcoin at the same time. You guys just want an instant rich scheme with that kind of desire.

Look how profitable bitcoin today and those alts. It's a matter of patience and good strategy to make your trading properly maintained it's winning streak while you are in the world of trades.

Just think of a good way seriously and you can win this game. :)

You can't find yourself in the wrong side waiting for the price you have in your mind that never comes.

For example im waiting for LTC to go down to 0.0085 to buy back in and continue riding upwards, but what if 0.0085 never comes?  I think it's a realistic dip, but it may never come and I may wake up tomorrow at a much higher price. This makes me want to buy right now, and if I buy right now, who knows if it finally dips to even lower prices?
It's not as easy, you can lose hard earned BTC!!

I don't think there will be a game changer coin coming soon. All new alt-coins are just coming behind a hype but they just died a natural death even for a few months in its existence. So I doubt that someone will be super rich in 5 years in unlikely. What you should just go with the flow of pump and dump then go ready for the next coin to do the same. That's how you gonna be rich with alt-coins.

the problem i found that is with the developers. we don't have any good ones.
anyone releasing an altcoin these days have only one goal and that is to make more money from it. you can actually read it all over their website and announcement topic, of course not directly but it is implied in all their actions and what they say.
and as long as they are looking for easy money, there won't be any worthwhile development happening and all the altcoin will remain as pump and dump.

there are so many adltcoin,many adltcoin will be delisted by exchange and dead after 5 years.

There have been a couple of opportunities to get rich. With DASH you could have made a couple of millions with a reasonable initial investment.


There are a decent amount of opportunities, no need to wait 5 years.

many alts have the same problem for buyers as bitcoin does. people come into it starry eyed expecting the same returns as the early days. that ain't possible any more unless you luck out with a coin that's currently nowhere.

just as i'm kinda sceptical bitcoin can get much beyond where it is now without some major stuff changing, the $100 dash can't go much further on pure hot air either.

if i did try it i certainly wouldn't bet on one coin. i'd spread it between a bunch but i'd also be very mindful of the pumps. even some of the top coins may reach a peak they'll never hit again. there's so much still to play for.

That is impossible to say. Its like trying to predict the weather, or the course of evolution. But I think some coins will be big, but the "network effect" is crucial IMHO

do not have to wait 5 years to get rich, if you are diligent in collecting coins and you will get rich quick too.

Bank accounts pay zero interest, where have you been?!

IF people go down the route of investing in all the alts, you need to treat it the way venture capitalists do. They know that most of their investments will be losers, about 5% will break even, about 5% will make a modest profit, and 1% will be blow-out gains.

Yup.
I wouldn't purchase every coin on the Altcoin listing on coinmarketcap because the price of the coins are usually overpriced. It would require a whole lot of time to get the money back and more.

Here is another example of a "which altcoin should I buy?" thread, even though the title is different.   The answer is that yes, you might hit the lottery but more likely you'll end up with a smoking bag of canine excrement at the finish.  But if you have the capital and the appetite for risk, then go for it.  No one here can tell you yes or no with any certainty, however.

You need to look at what this altcoin is doing differently. If it doesn't have new features that add value to its users, it is useless when comparing it with BTC. The altcoins that will survive and have a price raise are the ones that add something to the crypto game.

i think i would keep eye on new generation of alt which do not inherent same weakness as older generation.  hoping for at end we would have completely new alts which is secure and easy to use

There's no guaranty,some of the coins here just die down because they are just clone coin and the dev's just want to make money out of it,better just pick coins with community support and a real hardworking development team that will come out a new features and roadmap for their coin project.

I have wondered this too because many coins go up hundreds of times so you will have made profit even if 50 coins make you 0 also you will never lose everything so you can recoup part of what you lost. If you carefully pick a few good coins as investments you will do well.

Lol people here act like they experts. Funny posts here. XP