Bitcoin Forum

there are more than 1000 types of crypto coins on the market. with many you see that they sometimes increase more than 100% in value, my question is if the following is it possible if you start with 100 euros and you would trade every day in a coin and you make every time for 40% profit on all your bet then it is still possible that you have more than 2 million euros in 30 days??

here is the calculation 100 * 1.40 ^ 30 = 2,4 million

please explain if it is possible or not 

100 Eur become 2,4 million in 30 days? I think that is not possible because no one guaranted you get profit in every single trade without any losses. Could be you can turn that money in 10 times or maksimum 20 times in amonth and this will be possible but still not easy because too many number of altcoin now in the market and we should be know price action and the fundamental of each coin.

If some trader could make 2 million euro from 100 euro investment for 30 days,he would be the best trader of all times in the entire history of trading.Your calculation is based on too much possibilities.Anyway,it`s not impossible to achieve this.Last year,some altcoin prices increased with 90000% for 360 days.We just have to know which altcoin price will skyrocket.But who has such market information? :(

Theoretically you can make 2.4 millions with just 100$ in 30 days, but in reality you need to have 30 days winning streak and that is impossible. To make each day 40% of your amount it would be like this:
1 day 100$+40%profit= 140$
2 day 140$+40%profit= 206$
But you can't make each day 40% profit, some days are bad for crypto trading everything is red and prices are going down. To add one more thing you wish to make 40% but that means you risk all your money everyday and to much risking is not good for business.

It will happen but at a cost which you could never pay attention to. I mean you will have to be awake everyday 24 hours and very minute you will have to heck on the prices of the coins. I mean managing thousand coins at the same time would be chaos and you will never know which coin has pumped the most in the last 24 hours. You might get good shot at one currency, 10 currency or even 50 currencies at the same time but it will be unimaginable to see the coins pump at the same time for 1000 different coins. Do you even imagine how bad its oddly be.

I mean whatever you dream to achieve is possible but with huge team, great efforts and 24*7 working on that Goa for next 30 days. This will cost you a lot and it could remain possible in theory after all that. SO better watch it out before you can make something out of it.

this is the problem with every newcomer to trading altcoins and this is why they also go high like this!
everyone thinks it is a bet, or gambling or whatever. and as long as you think like this you will be losing a lot of money sooner or later.

your first step is to stop thinking like this and start looking for some real potential in the coins and start looking for pumps. yes it is possible to turn $100 to $10 million even but you will never be do it as a starter who has never made a trade before.
try having smaller goals first.

I saw it's not impossible to have a 3M in 30 days because my daughter's token she should not supposed to sold it but my sister says that site is going to closed. She's scared that she might lost the $500 because she will supposed to sold it after 1month for her baby's birthday. But after 3weks it cost 2.3 million. Wow!so wasteful,l shouldn't listen To my sister because she was mistaken. I could not move on that matter in my life even my daughter. I'm supposed to be a millionaire now. That's a big thing in my life l miss. But km still hoping that God will give me a chance to have a million.

Converting 100 euros into 2.4 million in just 30 days.Well I say it will never happen you may lose your 100 euros in 3 days looks possible.Altcoin trading is not an easy job it is highly unpredictable and in trading you can never trade without any losses.
Trading job needs more time and patience if you are doing trades in a hurry you will lose your money bro.So try to get knowledge of trading first and then you can realize that there are more number of traders who loses their investments who think they can be a millionaire overnight.

everyone has already done this kind of calculation, but it never works, get a trade every day, it's not that easy

I think it is possible i have a very smart trick that i use and i know that 99% of the people not use this trick, this is my 3th day and now i am believing this will work the first day i maked 56% and 2th day 39% and it looks now that the 3th day will make between 50-60% profit

When the 30 days pass I will let you know if I succeed and I will tell you how I did it, you do not have to be a trading expert at all, but you just have to think out of the box.

Hah probably no.
U'll need to be lucky af, get coins at cents that will hit big dollars. But i doubt.

Also if you are eager enough to work it of. I tried also to invest in many coins or tokens as possible but in the end i get tired of searching at least 20 coins a day. And also not always that they increase after release. Their are also coins that has a high price value upon release but goes down everytime. If this were the case, then many local traders would now be having huge profits and not repeating the same investing strategy.

With $ 100 and you will work in 30 days will be up $ 200 or $ 300 then you are a good person. If I was 2.4 million, I would never have done it if you did. You would set the record for the fastest riches in the world.

Portfolio management will be the key. You cant assume scale like this. It was risky. 10 winning trade/month will be the realistic goal for beginner. ROI expectation as a whole should be around 2X. ROI with 4-5X will be average professional trader result. Professional trader use at least 4 TA and 2FA. PM me if want to know more.

i wish you success and i would love to hear how you did in long term. so make sure to share it with us.

but i have to warn you that the altcoin market that you are trading in is not so kind as it seems at the moment. and i am speaking from personal experience, you think you got the market by the balls and figured it out but it is temporary since everything is rising. there comes a time when you follow what you thought were true and end up getting on a losing streak instead.

If trading was that easy and can make those kind of profit on a daily basis then you could see many millionaires here,it all depends upon finding a good solid project and invest in it and it will help you in making a good amount of profit,not bad in aiming for millions,but make sure you are investing in the right coins to make that kind of profits.

Calculation were right which this kind of target is really achievable by means of compounding profits straight for 30 days maintaining 40% profits on daily basis which we do all know this is already a dream. No trader can assure on how much profits or even lose up on a single day on doing trading knowing that market is really very unpredictable. You cant assure yourself that in the end of the day you are ending up on profits. % isn't assured sometimes volatility is lesser on some days.If you cant able to rise with the waves then expect less profits for sure and come to think off losing money is always there too.

Haha, wishful thinking at its finest, 100% this is possible but making 40% each day is such a difficult thing to do, also do not forget that 40% at 100 usd is not even close to 40% when you're on about 1.7m (this would be like your last trade). You would influence the market so much of any coins that are really likely to boom 40%

As mentioned above, it's theoretically possible, of course, but damn, if someone managed to do that they'd be referred to as a 'magician'; that shit just doesn't happen.

But good luck :P

-Knightly

It seems highly unlikely to achieve the goal you are trying to reach with just 100 euros, perhaps if you had 10000, but with 100 euros, you make achieve 50000 or possibly 100000 if you're in the right coin like dentacoin.

You are just using calculations, you already answered to your question in there.

And no, it is not possible, you have forgot that you need to be 24 hours on your computer checking the prices once and once again.

It is not easy, you need to setup everything, and if you do not know in where to find the sources, you are not going to be able to make a single buck.

And remember the fees, they are pretty high right now, indirectly from which altcoin you are using.

I work in the casino industry.
We call it "All in betting" where you bet all of the proceeds on the next bet.
I doubt you would get to 2.4 mill as you would lose your nerve after several days when you have $100,00 or so.
Why not double the time frame to 60 days and take 50% profit after 10 days, at least that way you have some play money if it all fails on the 28th day.
In crypto there seems to be a crash every 1-2 months where most crypto's lose 20+% of their value.
good luck.

There’s nothing wrong in dreaming about earning a million for 30 days when it comes in dealing with crypto currency. However, like what you said that there are thousand types of crypto coins on the market which an increase of 100% happened but at the same time a sudden decrease also happened. You should not ignore the fact that in every trading, there are losing of money happening which is a big hindrance to achieve the 2.4 million in just 30 days. It will be difficult to achieve due to the unpredictable movement of the market but if the eagerness and positivity triggered then it can be achieved.

LOL. That is the most ambitious thing I have ever heard. Op does not know that a time will come that altcoins bleed again like it did on the 4th quarter of 2017.