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?
Yes it is possible, But it takes a long time and of course support especially in government. Certainly when the government has accepted the bitcoins and used it as payment, then we are sure we will see the rapid increase in prices.
So hold on bitcoins because we'll see ATH again!
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