My crypto Portfolio - when will I be rich?

[dennyd999]

I don't know if this is troll or no, you can easily live rich & luxury life in most of the countries.
Especially Eastern European countries, Poland, Turkey, Russia or South America like Brazil, Argentina etc.

Not in turkey or russia. I lived in both of them and 200k usd is definetely not enough to live a luxury life.
You can only buy a moderate flat with 200k usd in cities like moscow - sankt petersburg - istanbul - izmir. And you would have to find a good job to keep living in these flats.

With 200k he can have an amazing live in Germany...Especialy if he could get social payment for flat.
He can buy greek citizenship than go to some easy work in germany forand 1 year and after that get free flat for alltime long and 200k will be enough money to be happy.

Work in Germany is realy nice and easy.

Not something like in usa,turjey,russia,china or else..

Learn german and willkomen

[zander09]

Well i think you already rich. Because 66 btc is enough to be rich . If i have 66 btc, i consider my self as one of the rich people ,it can give you a business for a life time, so you dont need to worry about your future.

[czechkid]

I think this question is very pointless.

If you have such amount invested in something you wouldn't be asking this question unless you just want to show off.

Also if you have such amount invested than you should know why you have invested in it and what return to expect. Of course it could be hard to predict the future price of each coin but everyone knows the numbers will just go up. Check the charts it will give you better understanding

[Dafar]

UPDATE:


So as you can see from my original post... I had 15 BTC invested in alt coins.... I haven't touched it since and now it's worth around 6 or less.... I don't even wanna look at the balance 


I TOLD YOU GUYS I WASN'T RICH... you can never know with crypto... you look like you're about to be well off one day and the next day you are worth half as much.

For people telling me "why not invest more of your BTC in alt coins"? THIS IS WHY I DON'T PUT MUCH IN ALT COINS.... Alt coins come and go, there is no certainty with alts... but BTC is here to stay. Even when BTC dips I can be assured that BTC will prevail. Whether my Sia, ETC, LSK, and GAME will recover is up in the air... I really have no idea. SC still has good tech behind it and solid devs/community and they recently got funding... even so, the market likes to play games with alt coins.

I'm not selling at a significant loss. I will hold until the end. But right now I'm sad... I knew I had too much in alt coins. Lesson: NEVER GIVE UP YOUR BITCOINS

[stupid_seb]

We are all like you
I had 14btc, went up to 16, and now it is stable at 9.50

Let's have this discussion in a few months :-)

[Dafar]

We are all like you
I had 14btc, went up to 16, and now it is stable at 9.50

Let's have this discussion in a few months :-)

In a few months:

Bitcoin price: $10,000

Alt USD price: stagnant

alt/BTC ratio: all time lows


Yeah.... that's my greatest fear

[phr0stbyt3]

66 btc and you are still poor and your other investments are not too good to be rich in a small time , siacoin just fell , gamecredits not so famous till now what you should do is play with those 66 btc now , simply storing btc isn't worth go buy 5 btc worth of lisk and maybe buy a few litecoin it will be pumped more in the coming years

[Geoff999]

Rich has several determining Factors.

1) Where do you live
2) What do you consider as "Rich"

For example if you want to buy a place in central London, New york etc then your going to need millions in Fiat money, probably 600+ Bitcoins (Or a 10x rise in the current value of your portfolio) to get anywhere decent. If you want to buy a place in a cheaper area of the world, you may well already be considered rich if you move your coins to fiat.

Also Consider the Tax implications of converting back into Fiat - I know where I live its considered capital gains tax, which can be a hefty bill if you try taking out a million dollars for example, you may be stung for a 30-40% tax bill. I should really know more about this being a Chart Acc but ive never had anyone come to me yet with this issue 

[IntelligentIdiot]

Holy, you have 66 BTC and also more than that in some altcoins. I agreed with people on above if i can say you already rich for now. Did you bought it when it was still cheap? Or you get those BTC from altcoin trading?

I bought most of it, only earned a few trading. I put $40K in BTC over 3 years from 2013-2015

Guyz.... when will I be rich?

what's your definition of "rich" ?

$10M+ net worth... or $5M liquid wealth... that's when you can comfortably retire.

For the purpose of this thread though... you can assume $1M, I'd be pretty happy if my crypto portfolio reaches that.

You have more than $200K in crypto and you are asking when will you be rich 
Do you know most people can't earn $200K even if they work for 30 years?
I think you are just bragging  You are already rich.

Not sure if you're serious... $200K is pocket change these days in America. Definitely not enough to retire or consider yourself to be "rich" and I'm definitely not bragging. I want a LOT more than $200K

Well that is 10 million Philippine pesos where I came from. You can buy your own lot at some suburb for a million or two. Put up a house much cheaper, then you can have internet and then do more Crypto trading. Set up a small grocery and you still have a few million to spare. Might as well go here mate.

[mickaelsilver10]

For me your are already rich with more than 50 BTC 

Your portfolio seems to be good with a lot of siacoins and lisk.
ETH makes me more afraid for the futur