Bitcoin Forum

Hey everyone,

First I will say that I am not offering or advertising anything, I am not and will not take any money.

I have been trying things here and there and after some good success decided to give myself a proper challenge! I will try to go from $1000 to a Million in less than 10 years (the baseline is 8 years).

While making the calculations I actually realized that as crazy as this challenge is already, 8 years is a long time haha.

Anyway, my friends were kinda laughing at me for this. They also told me to share with other people to make it even more official. I actually thought it was a good idea, you know like when you take some resolutions but fail to hold up to them? It helps to tell everyone about them so that you feel more pressure to actually do the work. So I made a quick website to show them how I am doing!
Hopefully I will succeed and not shame myself....


Wish me courage and luck!
Cheers

*EDIT* - Decided to add some details from reading the comments

*About me*
As far as I remember I have been trying to find ways to make money aside from my jobs, with very diverse success.  In 2010 (I think it was) I found out about Bitcoin, mined a bit for the fun of it but dropped the case soon enough (what a shame). A few years later it really picked up and I found myself with a couple grands of "free" cash. So I decided to use that as a bankroll.

*What this is about*
I do trade, and been doing this for years, but it's really investment-like, long term and not very risky so it comes with low return.
What I mostly do within the frame of this challenge is Sports Betting (90%).
Although I believe there is room for BTC price to increase significantly, I do not consider it in my calculations, it's all about return. If the price shoots up, then awesome, if it doesn't then all good, if it goes down, then it's a problem.
The reason I am using BTC is because the platforms/sites I use only have cryptos. But I am considering going into a stable coin.

To succeed, I need to make 8% per month, that would mean I've become a Millionaire in 8 years.

*RESULTS*

Sep-19:  account = $1,126  mROI = 12.60% ROI = 12.60% Target = 8%
Oct-19:  account = $1,274 mROI = 13.16%  ROI = 27.42%  Target = 16.64%
Nov-19:  account = $1,813  mROI = 42.29% ROI = 81.30%  Target = 25.97%
Dec-19:  account = $2,120  mROI = 16.92%  ROI = 95.06%  Target = 36.05%
Jan-20: account =$2,188  mROI = 3.20%  ROI = 101.30%  Target = 46.93%   tough month, hope to catch up in February

PS: since it seems to be too much of a problem, I have removed the link to my website (although I was quite proud of how it looks :)
PS2: at the moment it is not possible for me to undeniably prove my results (but since I am not selling anything, do I have to? I guess that would be cool), but one of the platform I use might make results publicly available so let's see...

Better you use a trusted site for this if you really want people to follow or monitor your progress. Not a good idea to click on links posted by newbies who have nothing to lose here. Besides, there should be ways to verify that what you post on the site are true. You should also be prepared to update this thread regularly otherwise people may lose interest.

Are you sure you aren't promoting anything?

I have ever seen a thread exactly the same with this and trying to lure people to invest in order to join the challenge.

It must have been my post then.

Things were not proper and I changed the bad parts of the site after the feedback.

Back then I tried to explain and convey that I am not promoting or whatever anything but I agree the page was not great for that. I did apologize for the misunderstanding too.

The page will remain as it is (unless I get feedback that I should change something again), all I will do is update with results.
Actually I removed the email address, that should prove further my good faith, I hope.

I just wanted people to root for me and see it can be done (if I manage to do it ofc)

You mean with SSL? I am quite a newbie but I definitely need to do that and work on it asap. --> DONE!
I don't have any problem updating this thread, I think it's fun to do so.

well , u must crazy enough to believe it happen.
its mean 1000*1000 , u need 4 or 5 team on parlay soccer ball wich it using predict score to get 1000++ ods, lmao.
i just say good luck for it, btw what instrumen u choice to make it true ? a pure of crypto trading ?

Thanks!
I use crypto but I don't have too, it's just that most of the platforms I use don't accept fiat.
Yes I do a little bit of trading but I am not great at it, it would take me centuries to get there.
Profits hugely mostly come from sports betting (80% tennis, 20% horse racing and 10% soccer).

PS: I am looking at 8 years time, so to get there it's 8% a month, crazy but still doable

Look like its going to be tough as you are doing some very good amount from 1000$ in a decade I believe its not impossible but very difficult as few years back one member already try this but I have not information what happen with him good luck.

Respect for taking the time to make a rudimentary website to track your performance. I don't know if you're aware of it or not, but one of the biggest "helpers" of a trader is a trading journal or some way in which you remain accountable for your actions. Making your personal challenge public, as long as you don't promote anything is a great way to start your journey towards $1M although BTC might be at a much higher dollar value in 10 years from now in my opinion. So that $1M might be $100M or more.. or less.. who knows?! :D

Btw the website chart is not working, but maybe that's due to the fact that you haven't added any trading data yet. I wish you a healthy body and spirit 'cause you're going to need both to be successful!

Thanks!
Oh, someone tried that? I would like to see how it went...

Well, even if I don't get there I'll end up with a good profit or not so much loss (except time): "Shoot for the moon. Even if you miss, you'll land among the stars."  ;D

Thanks! Oh I am a maniac of journals, numbers, KPIs etc. I do all that on Excel.
It's very true, now that you mention it, maybe BTC will shoot up and I will reach my goal just like that haha. I guess I would still continue though.

Thanks a lot for the feedback about the chart, it broke down after I added SSL, but now it's fixed.

Dude, I ain't clicking on that link you have put out there. No, not just because the URL isn't secured with an "S", it's just that most times clicking on such kind of links is a waste of precious time. And I think people here shouldn't either. Back to you plan, I believe it's achievable if you can indulge compounding of profit you make from trading the $1,000. No matter is too big to make once the skill set is top notch.

Goodluck in your journey. For the record though, $1k is not equal 1 BTC, the current price is around $8600.

Anyways, this is a big challenge, but with the block halving coming in, I guess your chance is greater to get to that 10 BTC. You also need to be mentally though, because once you see profits in the future, you might be tempted to get your profits. Again, as I have said, this is just the beginning of your journey in crypto many bumps along the way but I do hope that you overcome it.

DO you have any strategies to achieve your goal? Or just going to hit random trading techniques and let's find out how lucky you are going to be in the coming years?

---

I won't say this is impossible but highly looks not possible with the volatility and uncertainty of crypto prices in the recent days.

Maybe you have misread some articles about Warren Buffet during his early life. If you are talking about this article (https://www.forbes.com/sites/antoinegara/2018/05/06/how-to-turn-10000-into-51-million/#4c89ceea3de8) he is talking about a what if situation if individuals invested in the S&P 500 last 50 years ago they'll have 51$ million (not billion) by now. If you are talking about his net worth being 50$ billion he was already a billionaire when he took over Berkshire Hathaway and even before that time he have 11 partnerships of companies so really he was in pole position of reaching 50$ billion net worth in 50 years as he is one of those boomers that had took advantage of blooming businesses. He made money not just because of solely investing and re-investing what they earned they also continuously find investors willing to ride along with them as well as buying companies to be under them. So really you might want to be realistic with your targets here even if you set it up until a decade has past since re-investing your earnings will only go so far.

It's a very ambitious plan.
I have a few questions though, since the ones that may be following this find this useful (maybe you should even put it onto your website).
1. Do you have any trading background / experience (crypto, forex, stocks)?
2. Do you use trading and/or arbitrage bots?

I'd like to also warn you that you should use at least 2 different ways of trading, and/or not trade always "all in" because the bigger fluctuations may make you lose everything. Of course, if you have big experience you know this very well.

Good luck and happy fishing  ;)

No worries, if you don't wanna click, don't :)
Yep it's full compounding at minimum 8% a month to get there in 8 years. When/if I do manage to rack up a lot of profits, it's gonna be tough not to take anything out...

That's why I think my goal of $1M is "reasonable"

Thanks for the kind words. I do have some money management in place. The goal is very ambitious but it's not about gambling.
I don't use any robot etc. all manual.
Yes, I have been trading (mostly forex and stocks) for many many years now.

Finally, I will think about your suggestion. I am just careful not to give any impression that I am selling something...

And I don't see any connection with his sports betting and trading. We are on trading discussion and he admitted that most of his profits come from bets so where's the trading part.

Profit curve is nothing without a proof of bets and trades. I could be more convincing myself and set up a wallet address where I would keep sending coins and telling everyone that those are my profits from trading coming in. ;)

Well, good luck man :) Target is definitely achievable but is hard work in front of you. That is over $10000k per month that you want to be making just for this sole purpose, so I guess we can see linear approach is not a way do to it :D What will be your main approach for doing this? All trading or at some point you might want to flip houses or what else?

They laugh at you because it is not realistic, there is no holy grail investment where your $1000 can become $1M in just 10 years. Trading can help us to increase our portfolio but we should expect realistic outcome. You cannot easily achieve $1M if your capital is too low. I only saying that the probability achieving this goal is too short because of the risks in the market.

I'm not laughing. If you really want to accomplish something, set a goal really high and go for it. He may not ever get to the 1 million, but even if he gets half way there, he'll be extremely happy. Besides, there is a very real possibility he may actually get that 1 million dollars if he keeps at it. Just keep making good trades and even starting from $10 he could get there. That's the power of compounding gains! Good luck, OP. Don't forget me when you hit that million!

in my opinion no one wants to follow or monitor your progress, eight years is not a short time, people won't waste their time for eight years just following your trade, unless you provide commensurate rewards every week or every month.

I doubt that linear approach could be appropriate as well. I mean we all know that the market is volatile and most of the time we won't see that kind of profits in a month, and mind you it is really huge. But that the OP's dream though, we can't break his mind because he is really focus in achieving his goals. It might be too long for the majority of us, but if he put his mind on it, I'm sure that one day, maybe he can reach that $1 million dream of his.

Why no one follow him? His goal is very realistic for me. There was a thread where someone hitv$1million from his initial investment from $10k. He did it less than 2 years since he started

I wish you luck on your trading journey. From $1000 to 1million in 10 years? Of course, you can make it. If you have a success trading within 10 years and you save up monthly with your computation, later on you will achieve your goal. Remember that small profits when save up until the target time, then $1million is possible.

You can also follow some advices from the other members, trading journal really is a big help and you can also try some trading tracker to track if your trading is doing good or not.

$1000 to $ 1 Million in 10 years!!  I sincerely wish your plan success..  many successful people at this time have been ignored by friends and even family when starting their ideas, but success is not easy, you really have to work hard and be creative.  Good Luck bro..

Yes, trading is a very small part of it.
Showing proof would be akin to be promoting something no?

hum, you do have a point... Should I just have this post deleted and forget about it then?

Oh that's awesome, do you have the link of that post?

Well, I wish you good luck. I would like to see a detailed plan and each of your steps in the steps on your site. Feel free to post it even if you suffer multiple setbacks.
Your experience can help many dreamers like you not to make mistakes, or vice versa to learn something significant.

Making personal challenge will really give you courage. Whatever your goal or purpose of postinf this, I think the challenge should be between you and yourself alone. In the end ita you who can initiate and work it out. I guess everybody has challenge themselves as well. Besides, its your assets and personally if I were to challengw myself I want it something private. Otherwise, it sounds like envying others or on the other hand challenges or encourages someone.

Technically it could be possible even for someone who is not a professional daily trader. Example:
1. Some time ago, you bought 10 BTC for $100 each. You had been HODLing it until 2017 peak (and sold for $16000/BTC) - when mass media was all about BTC
2. You waited carefully to the bottom, hearing about crypto nuclear winter - bought BTC when in December 2018 it was for $4000. If you invested all cash from 2017 sale of BTC, you would have had 40 BTC.
3. Next, you waited until that small hype of July 2019 and sold all 40 BTC for $12000 each. $480000 it is.
4. As in previous year, you waited until the December bottom took place, and bought at ~$7000/BTC. As a result you have in your wallet almost 70 BTC
5. If BTC will go back to $20000 levels this year as expected by many, the value of that wallet is going to be ~$1400000

Of course, if we deduct the income taxes (if applicable), the value of wallet at point no. 5 would be closer to $1M not 1,5M.

What a guts you have right now but since the duration to reach your goal is so far to be happen since 8 years pan is so long time and many things to be happen then maybe you are in good shape if you are wise on your investment decision. And I suggest that you should not invest your message money on the first year and educate yourself on tradings since if you do this for sure in next year you are ready to multiple your bitcoins and reach to your $1m goal.

One of the best things today, if you are now earning a lot of money, is always set a goal because some of us today even we can earn enough money we are going to content because we can now survive the life but still always make a goal in your life. In the first stage of your process to earn is it is hard at the start because you are doubting and having negative thoughts but still always look for your goal. Today with the use of cryptocurrency too and have good knowledge and skills, you can now earn more and faster of money with the use of trading, and gambling life becomes easier but still take care of all of your actions.

I would love to watch you doing the challenge alone, with your own capital, without any other's capital in your account so I can see the pure result on it.

That's quite a lot pressure you put yourself into man, especially with a lot of emotions going through your mind i wonder if it doesn't affect your trades. You know, even the best gets rekt when they get to greedy. Just some suggestions why not put up a youtube vlog to show people the progress then it will also kinda show how real trading action works, the success and trials and error just kinda show in perspective that trading is not easy.

What is your strategy to increase from 1000$ to 1 million $ within 10 years? You will do daily trading to earn profit and accumulate every day, or you will try to find a certain altcoin and hold for 10 years and if lucky, your investment will increase to $ 1 million ? Also why are you providing a strange link here? it's best to update this topic regularly and that will get people here paying attention to your insanity

That sounds crazy but it's actually realistic for Bitcoin.  In eight years there has been a lot of growth from almost nothing to around $8000 which is a huge gain.

sometimes we need to challenge ourselves, if we succeed then we have succeeded in going further than before. You only need to focus when holding, because 8 years is not a short time. and finally make sure you still have other free funds for important purposes outside of investment, because this can disrupt investments that are being carried out.

Nobody can deny that it is "technically and mathematically" possible, of course you can actually go into crypto world and make your 1k into 1M but that doesn't mean it will be possible as well. This is one of those things that financial people say "possible but unlikely" there are not many people in the world who can make that much profit in 8-10 years and that is why there is only one Warren Buffet who makes on average 20% per year and that is enough for people to give all their money to him, just 20% year and becomes one of the richest people on earth whereas your ambition is even bigger.

Long story short, I would probably go for a smaller aim, like maybe 1k to 100k? That is much better and actually sounds very reasonable as well compared to 1M, at least you can get that 1k to something decent and make your job easier for the rest.

That actually does sound like a super plan :D

I have updated my original post with more details

OK, so link is removed now and I have added more comments. I haven't really posted much in my life so gotta learn the ropes...

Hum, not sure to get what you mean, it's just me, with my own money, that's all...

Honestly, 100k is 10x and I have done that already, so I am really confident about getting there over time :)

In general, It is pretty interesting when you challenge yourself like
 this way, but to be honest you can achieve this goal is less than 4 years ( not 10 or 8 ) but trust me, when you focus on just a single strategy then you will probably fail to achieve your goal. Make sure that the unexpected incidents are always occur in life, So many strategies should be planned, they should be defintely different from each other ( 3 strategies would be enough ) .

Furthermore, you don't need to spread your future endeavors to your friends or even in public with strangers, keep working on your goal or dream and try to ignore all the negative people in your life .
Trust yourself and don't give up. Wish you a good luck.

In the first place, no offense to you dude, it is very hard for the newbie like you to give our trust so easily. We as a community are just being careful for the phishing site that has been arises here in crypto space, as you all know they'd been scattered everywhere, so clicking any link is not advisable to do it instantly. Especially if the link is being suspicious.

Most of the answers are saying it is possible but for me it is not possible. Even professional traders will see it as unrealistic because of the high expectation. Maybe if he will increase more his capital then there is possibility that he can achieve his goal. I'm a trader with 3 years of experiences and doubling my fund takes months for me. I have also having a hard time when the market is bear because of the selling pressure.

I understand, yeah. Thanks.

Of course if the BTC price will behave like in the past and the media and community will behave the same as in the past. And that you will not fall into one of the traps and start panicking.

Nothing is impossible in crypto, I hope you success OP.
$1,000 to $1 Million is a very ambitious journey, but if it's achievable in long term hold, it could also be possible through active trading.

Good luck, x1,000 of your capital is quite hard to achieve now that we are not anymore in the early stage but your dedication will make it possible.

if this experiment is successful then I hope the OP can provide a positive outlook for those who want to invest in this industry. the investment journey that will be carried out must be very interesting, because the capital spent by him is quite large and the time in holding can be said to be quite long, and his patience will definitely be tested in this investment.

I don't want to burst OP's bubble but I think waiting for his money to grow up to 1 million will take him forever. Don't get me wrong, I believe that he can definitely make profit in due time but 1M is too big. If you really want to attain that dream then don't just wait and depend on the power of time, he should grind by means of doing trading or maybe business or any kind of investment :).

and that's definitely the plan!

Everything is possible but its almost impossible to reach it up on short time and as mentioned we arent already on early stage where
reaching these numbers isnt really that realistic.Frankly speaking it would really come to a time where you do get bored without even
reaching your goal.Well, this will vary or depend on ones dedication if he would pursue or not.
$1k to $1M? Its almost an impossible journey.

even so it will take a very long time to reach that target. not to mention, if he suffered a loss in the middle of the road, there is certainly not everything will always run smoothly.
I even imagined the fastest way to reach that target, namely by gambling not by trading or investing. personally, with a capital of 1k and 1m target is very difficult especially if impatient.

I also think the same way. Because the time we are living in at present is all about speed. No one is that insane to follow a method for eight years to make money. We all know that the rate of coins’ changes with each day and therefore it is always good to keep shuffling your coins and investments so that you would at least be making some money tagged as profit. Otherwise it would never be a reliable perspective of keeping a process elongated to many years and desiring that the required outcome would actually be achieved.

Yes, hard work always pays off. Also, we need to remember that fortune favors the brave. I guess 1000 times of initial capital is possible but only in long run like in years and definitely not in months. If OP is not rushing toward his goal, I guess it will be easily possible; given that he is good in technical analysis.

Nothing is impossible in trading when you are equipped with all required skills. This is not a big rocket science but understanding the nature of volatility will turn any money into millions. Understanding the market will become possible for anyone when they keep learning out of their experiences. Trading is such a good opportunity for the people who are loving it with all possible efforts. Lazy people blame it out of their effortless attempts.

Please can you provide evidence of what you are claiming  in your submission above so that one can be able to see to whether what you are saying is true or not. From $1000 to $1 million within 10 years to me sound unrealistic but if anyone else has been able to make such an amount then big congratulation to such person.

I also have same feeling but still believe he can do some good in short period even its just a challenge he need to carry on until he can survive I was also planing but due to some issue I fail so I drop this idea now happy to watch this all.

I really wish you luck but do you realize that you will need to double your money each year during the next 10 years to get those kind of results?

Year 1: 1000*2=2000
Year 2: 2000*2=4000
Year 3: 4000*2=8000
Year 4: 8000*2=16000
Year 5: 16000*2=32000
Year 6: 32000*2=64000
Year 7: 6400*2=128000
Year 8: 128000*2=256000
Year 9: 256000*2=512000
Year 10: 512000*2=10240000


Unless you are willing to invest in icos or you are willing to use a huge level of leverage I do not see how those results will be possible, you are still on time to reconsider your goal since it seems so unrealistic to me.

I think first 3 targets can be taken pretty lightly as I imagine OP will be capable of working and reloading the initial amount so he can pursue way riskier trades this way. It's not like you are trying to double 1 mil right off the bat. You can go really aggressive at the beginning when starting from small capital that is not life defining for you. I mean both more aggressive bankroll management as well as riskier trades themselves and probably decent leverage as well. Until the money get serious ofc. Going from 1000 to 3000 is quite possible I'd say. By no means I would try to that from 10000 to 30000 for this matter.

Well,  good luck with your challenge. I’m not so much good when it comes to day trading so I don’t rely much on it. Even if I decide today to be saving a particular amount everyday till I reach a million dollar, the price can fall at anytime and I will not achieve that and would have to restart lol. But anyway, long term investment has been what I’m mainly into.

As for day trading, I just do it whenever like I’m actually going to make the accurate predictions. And apart from day trading of cryptocurrency I also do contract trading and it works pretty well for me.

First of all good luck.  ;) You will need it.

Yeah, 8 years sounds too long.
So, is it going to be $1M in cash or in USDT? or maybe it will be better in bitcoin but I think you cannot calculate it well since it is moving a lot.
It will happen, as long as you stay with the low risk kind of trading or investment.

As for my own view, I would pretty much prefer $1m in bitcoin. Just at that range even though it is still moving in thousands or hundreds.
As long as I know it is near $1m.  ;D

It won't be cash, either BTC or USDT (or similar).
Even if everything goes well, one problem I will definitely end up facing will be liquidity. At first it's all good, but then when profits start to mean big then it's a different story.
That is also the reason why I use cryptos: at inception they are worth nothing (ie it costs nothing to create). This makes it possible to take out a lot of profits in monetary value which would be very complicated otherwise.

Right now don't think about liquidity or any thing else as you need to give all focus on your target as now I am also going to start like this but will not post here as its not good feeling very energetic and starting some less amount from you hopefully this could be end in good.

Fantastic challenge and I believe everything is possible as long disciplines and consistent. Depend your explanation you already have good strategy and plan, the point is you play with quantity not value. Target and moment is same but when you replace with high quantity the result will be not same. Double income with same range that's economic business principal. Let's hope you keep share the progress and good luck to you.

All the best to you too!

And remember to have everything recorded, because with all the higher levels of verification you will be asked for sources of funds/how did you get the crypto and where from. If you fail to do so, then your account could be even suspended, making such a challenge impossible to be finished!

This is not the case OP can withdraw funds time by time because its very important never trust any exchange they can steal so better keep funds  in your own wallet.

If you are not trading full time, you better keep your funds somewhere where you have the private keys to it. But if you are trading, you don't have much of a choice but to keep your coins in a trading wallet. You cannot afford to keep them in a hardware wallet and then take them out every time you do day trading. That would be a total waste of fees. Just be careful with exchange wallets. Keep away from phishing sites, do not easily respond to emails representing themselves as exchange staff asking for money or keys.

I believe everything can be attain through hard work and patience but of course, it will take more time to reach that goal in no time. As long as you maintain the pace of gaining profit without any hindrance and disturbances i think you will likely attain your target profit.

Look crazy with your promoting and brave with your website promote in bitcointalk forum, how ever many expert of investment assets here and you look confidence to promote scam investing site, how ever you have been eight years in investment project but what have you explain is crazy for investing just few days become scam site investment.

I don't think liquidity will ever really become a problem in this challange lol ;D There is more than enough shitcoins to be picking from and if you only diversify your strategies a little then there will be no problem at all. There are many other options (hehe) than just buying and selling an asset when it comes to trading and 1mil capital for those might not be even enough. Liquidity is only a concern for variance type of thing when we need to measure volatility of a market.

well we are only talking $1000 in this so i think there is no big pressure on this one because the amount is tolerable and the waiting is 8 years?that is good enough for long term holding right?

actually i have same idea but i only wanted to have my Bitcoin in my wallet and see it grows as years come by.

will be saving this thread for the next 8 years of checking.

A very well planning for making one million within eight years, time is really an important fact in this matter because you have to wait and trade in the meantime, a lot of mental patients, energy could reach your goal, That's not an easy task anymore because eight years is not a small-time, it's huge, But regarding this issue, You must have to gather a huge experience in this field especially in trading purpose, if you have experience from any trading platform like Forex, Crypto, and stock then it might be useful for you. not only that but also you will require the luck favor then you will reach the goal.

Do you really expect to gain 8% every month with Sports betting in 8 years?

I think OP's approach here is too optimistic. He did not even put into account losing in his calculation.

Op needs to layout a realistic plan at least and achieve small goals before aiming for the 1Million.

You understood that there is no site, no offer, no investment or anything right?!? How can nothing turn to a scam, I don't get it!?!

For a country like America $1 million might really be a low income for even just a year.
With their economy you will be living in a 3 different jobs just to suffice your necessities.

If it will just be for savings from your income in trading and other stuff in crypto currencies without moving anything from your salary then it might be really a good number.
Hope to see you update this thread again once you have done it. Good luck.

I really amaze for the roi (percentage) of OP keep pushing until you reach your goal in my count this kind of amount is a big cash I hope I can reach this goal soon for my early retirement.
We will bookmark your thread to see the progress in the future. Goodluck OP.

I am also quite impressed with the investment made by the OP because on the time scale and funds spent, I have already said that there is a lot of time and money spent. then if successful in the investment made, then he can provide motivation to many people and I hope this investment can really succeed because there will be a 4 yearly bullish trend from bitcoin, I hope this can help the investment that runs.

haha, see you in 8 years then!

Of course there will be bad times, so the 8% per month is the baseline and even if I fluctuate around it, I'll be good!

At first it looks like it is an impossible challenge because of the amount of capital that you have but if you have patience and dedication then I think that it will take at least 2 years for you to get to that end goal. You should not take high risks because you just need to stay profitable over the time to reach that 1 million dollars.

You have a very impressive goals. It can be a good motivation specially to newbies that there are more or big possibilities that they achieve  their dreams here in crypto business industry specially in doing trading. But I think aside from patience you need to have a good trading site to make it possible.

I believe if you are really disciplined with your goal setting you can reach and even exceed your goals. I also would like to have some leeway and take into account some setbacks that can occur as well on your journey. Days you are ill, or when the market is flat, or some unexpected event or expense takes place. I would pencil all these kinds of unforeseen events in as well in order to not be discouraged if and when they come along. I have a goal, albeit a little bit more modest than yours. I want to get to reach earning a passive or semi-passive income of three thousand dollars a month so I can have some aside for my old age and also have enough to live decently and maybe travel a bit. I even looked properties one could buy with Bitcoin. That would be really awesome if I could get an investment property with Bitcoin one day, but that's a long way off. Good luck on your journey and do come back and give us the results so far.

Even if you are discipline trader and even if you are really have determination to achieve that goal, it is still hard to do it. I do not say that is not possible to achieve your dreams, what I mean is that kind of goal is hard to achieve. There are opportunities in trading but those opportunities are not everyday visible to our eye and mind. There will be times that our expectation will not happen. But if we are really knowledgeable enough, then we can grow our fund over the time.

Your challenge might be fulfilled if you have the guts to do so. No offense but this might really seem a difficult task for all those who have recently joined the field. Also, I am not really sure if you could get a fixed rate of interest each month according to your calculations so you should also prepare yourself if your calculations do not run exactly. $1000 might be a smaller amount to start with if you want to reach $1 Million but the time span which you have is sufficient to fulfill your dreams.

You could really earn a lot in those 8 years you are planning to denote. Sports betting might be a good choice but never forget that gambling can eat up all your profits. Even if you were successful to earn $1M, you could lose them all in gambling only because your greed would eat them all so be cautious in any field you earn.

That's a good point. I have in mind to just cross out such days. Let's say I want to achieve my goal in 8 years more or less days I just can't work.
We have that in common, I am also working on starting businesses for somewhat passive revenue aside from this challenge.

All the best!