The only way to get rich is by riding the next big alt pump

[Okurkabinladin]

This is not an altcoin thread so don't move it. This is about the people that think they are going to get filthy rich with BTC having joined the game after the big initial 2 dollars to 1k dollars rise... im sorry but I think it's not going to happen.

Don't get me wrong, if you started post 2013 and managed to buy until reaching the respectable 21 BTC goal, you will make big gains in the future, but you will not make 1+ inflation-adjusted million dollars. Unless BTC goes at least  50k in the next 10 years, I don't see it happening.

And who wants to be a tired old man to make your first million? Fuck that.

Therefore we must put our BTC to work, and that means taking big risks.

We already saw big pumps in XMR. A 2000% gainer. Problem is, "anonymous coin" hype is already over.

We also saw the big ETH gains. Problem is, "smart contracts" hype is already over.

Then you have all those interesting projects like Maidsafe, that now sound like vaporware because they always fail to deliver.

You got other projects like Steem, with horrible coin distribution that create all those ugly graphics of constant stagnation: useless for an investor.

So what else is there? I see nothing, unfortunately.

I don't see anything that can pump hard, with solid volume, that has interesting fundamentals. It seems to me that all major developments will end up as sidechains of Bitcoin eventually. Bitcoin is king, and most (if not all) altcoin gimmicks have already been done. This is good for the Bitcoin investor, but if you want to get rich, it's already late, the growth will not be strong enough for most modest holders (and by modest, lest say 21 BTC and less... and 21 BTC is already somewhat elite nowadays since most people can't afford risking that much fiat in BTC). The marketcap even if small in the grand scheme of things, it's already too big to deliver massive 1000%'s tier of gains again in a reasonable amount of time.

Therefore, those that think getting rich with Bitcoin as someone that missed the big fat boat (buying when it was 1 figure per BTC) are delusional if they think they will be millionaires within the next 2 decades or so (more and it stops matter, again who the fuck wants to wait 20+ years)

As investors, we should focus on searching for alts where we can be whales, problem is like I said before: All alts are gimmicks/lame, and the fat pumps already happened.

So that's my 2 cents there.

I respectfully disagree on two points.

1) Monero is going to be bigger than it is now. Not just because of its "anonymous" feature, but also because of its inflation, which is already lower than Litecoin and eventually will be lower than Bitcoins...

2) Being whale is quite risky. I know, I had ton of Ripples and Moneros when those started out. And quite amazingly I was unable to sell them at market price, as the daily volume at times barely covered value of my portfolio.

In essence what I am trying to say is, dont bet more than 10% of your money on any particular product.

[mtwelve]

I respectfully disagree on two points.

1) Monero is going to be bigger than it is now. Not just because of its "anonymous" feature, but also because of its inflation, which is already lower than Litecoin and eventually will be lower than Bitcoins...

2) Being whale is quite risky. I know, I had ton of Ripples and Moneros when those started out. And quite amazingly I was unable to sell them at market price, as the daily volume at times barely covered value of my portfolio.

In essence what I am trying to say is, dont bet more than 10% of your money on any particular product.

So... You shouldn't hold more than 10% in BItcoin? In a crypto portfolio? Or in a portfolio with other more traditional assets and investment vehicles? Because if you meant the first one, I'll have to respectfully disagree with you there.

[ASHLIUSZ]

I respectfully disagree on two points.

1) Monero is going to be bigger than it is now. Not just because of its "anonymous" feature, but also because of its inflation, which is already lower than Litecoin and eventually will be lower than Bitcoins...

2) Being whale is quite risky. I know, I had ton of Ripples and Moneros when those started out. And quite amazingly I was unable to sell them at market price, as the daily volume at times barely covered value of my portfolio.

In essence what I am trying to say is, dont bet more than 10% of your money on any particular product.

So... You shouldn't hold more than 10% in BItcoin? In a crypto portfolio? Or in a portfolio with other more traditional assets and investment vehicles? Because if you meant the first one, I'll have to respectfully disagree with you there.

Monero is gaining potential, for which we cannot expect it to sustain for a long with the same price variation. Recently the price got doubled and the volatility is not getting low as bitcoin. Right now if you're into trading then monero gives you a good profit because low investment is enough compared with bitcoin.

[_nur]

This is not an altcoin thread so don't move it. This is about the people that think they are going to get filthy rich with BTC having joined the game after the big initial 2 dollars to 1k dollars rise... im sorry but I think it's not going to happen.

Don't get me wrong, if you started post 2013 and managed to buy until reaching the respectable 21 BTC goal, you will make big gains in the future, but you will not make 1+ inflation-adjusted million dollars. Unless BTC goes at least  50k in the next 10 years, I don't see it happening.

And who wants to be a tired old man to make your first million? Fuck that.

Therefore we must put our BTC to work, and that means taking big risks.

We already saw big pumps in XMR. A 2000% gainer. Problem is, "anonymous coin" hype is already over.

We also saw the big ETH gains. Problem is, "smart contracts" hype is already over.

Then you have all those interesting projects like Maidsafe, that now sound like vaporware because they always fail to deliver.

You got other projects like Steem, with horrible coin distribution that create all those ugly graphics of constant stagnation: useless for an investor.

So what else is there? I see nothing, unfortunately.

I don't see anything that can pump hard, with solid volume, that has interesting fundamentals. It seems to me that all major developments will end up as sidechains of Bitcoin eventually. Bitcoin is king, and most (if not all) altcoin gimmicks have already been done. This is good for the Bitcoin investor, but if you want to get rich, it's already late, the growth will not be strong enough for most modest holders (and by modest, lest say 21 BTC and less... and 21 BTC is already somewhat elite nowadays since most people can't afford risking that much fiat in BTC). The marketcap even if small in the grand scheme of things, it's already too big to deliver massive 1000%'s tier of gains again in a reasonable amount of time.

Therefore, those that think getting rich with Bitcoin as someone that missed the big fat boat (buying when it was 1 figure per BTC) are delusional if they think they will be millionaires within the next 2 decades or so (more and it stops matter, again who the fuck wants to wait 20+ years)

As investors, we should focus on searching for alts where we can be whales, problem is like I said before: All alts are gimmicks/lame, and the fat pumps already happened.

So that's my 2 cents there.

have you ever bought a penny stock?

maybe https://lykke.com/ might interest you

I know this is already over but it still explain why I think it can go from 0.05 to the price of CMEgroup
https://www.youtube.com/watch?v=uOmh1Uhyt3A&feature=youtu.be

[CoinCidental]

Thats what i was saying in another thread. This is the right moment to take the alts train, cause even if BTC goes up or down you will win money. Im all in at ETC, ETH, DOGE, and XMR.

Actually  that is inaccurate
If btc doubles or triples in 2017 you will have lost money on all those shitcoins and unlikely to catch up such a lead....

Saying that, I hold some SDC because I like the project and feel it's very undervalued but obviously btc is safer than any shitcoins.... No matter how good you think they are....

[BitFinnese]

Thats what i was saying in another thread. This is the right moment to take the alts train, cause even if BTC goes up or down you will win money. Im all in at ETC, ETH, DOGE, and XMR.

Actually  that is inaccurate
If btc doubles or triples in 2017 you will have lost money on all those shitcoins and unlikely to catch up such a lead....

Saying that, I hold some SDC because I like the project and feel it's very undervalued but obviously btc is safer than any shitcoins.... No matter how good you think they are....

But the thing here is that, people will not get rich in BTC instead riding altcoins pump or whatever make it increase can easily make altcoin investors rich.  OP also stated that it is riskier in altcoin market.  And what make you think that, if bitcoin double or triple, the person already lost money in altcoin?  If you say price of altcoin depends not on bitcoin ratio but on dollar ratio, then I can say they do not lose money since same value in $.  But there is always a possibility that altcoin can go with the rise of Bitcoin and that will make those altcoin holder multiply their money.

[BTCLovingDude]

Thats what i was saying in another thread. This is the right moment to take the alts train, cause even if BTC goes up or down you will win money. Im all in at ETC, ETH, DOGE, and XMR.

Actually  that is inaccurate
If btc doubles or triples in 2017 you will have lost money on all those shitcoins and unlikely to catch up such a lead....

Saying that, I hold some SDC because I like the project and feel it's very undervalued but obviously btc is safer than any shitcoins.... No matter how good you think they are....

what he said is mostly incomplete.
obviously bitcoin is the only choice that is safe and you can trust in the long term. at least you can say it is by far safer.

but that doesn't mean you can not make profit from altcoins. so far whenever bitcoin price slows down for example like these days that we are at 900 +-20, most traders go to altcoin market to make more bitcoin and come back when price is 900 +- 100 for instance.

this means you have to catch the train in a right moment.

[agustina2]

what he said is mostly incomplete.
obviously bitcoin is the only choice that is safe and you can trust in the long term. at least you can say it is by far safer.

but that doesn't mean you can not make profit from altcoins. so far whenever bitcoin price slows down for example like these days that we are at 900 +-20, most traders go to altcoin market to make more bitcoin and come back when price is 900 +- 100 for instance.

this means you have to catch the train in a right moment.

Agree with the bitcoin thing that can expect to profitable in the long run.

Ok let's get to the point of being rich one by riding a big altcoin pump, it will start on a risky investment of putting money out of those cheap coins. Being rich meaning the own money was not a joke and can really called a people who will get profits out of here as a rich one. So I will assumed that becoming rich needs millions of assets. If it will take to altcoin, the alts must be purchase at low price and not just that but they must to acquired many of it and expect the price to become x9999+ for them to reached the rich status. It not sure though if that alt will pump like that so low chance even they able to ride the train.

[Okurkabinladin]

I respectfully disagree on two points.

1) Monero is going to be bigger than it is now. Not just because of its "anonymous" feature, but also because of its inflation, which is already lower than Litecoin and eventually will be lower than Bitcoins...

2) Being whale is quite risky. I know, I had ton of Ripples and Moneros when those started out. And quite amazingly I was unable to sell them at market price, as the daily volume at times barely covered value of my portfolio.

In essence what I am trying to say is, dont bet more than 10% of your money on any particular product.

So... You shouldn't hold more than 10% in BItcoin? In a crypto portfolio? Or in a portfolio with other more traditional assets and investment vehicles? Because if you meant the first one, I'll have to respectfully disagree with you there.

From economic classes I took way back.

Established investor/rentiér should have overall portfolio in such order (illustratory example).

20% Primary residence, debt free.
5-10% Cash and precious metals (in physical form)
40% Conservative investments (government bonds, silver contracts, land)
30-35% Dynamic investments (Cryptos, company shares...)

I say, do not hold more than 10% in Bitcoin (or Nokia) out of overall portfolio of course. None of your trades should have even remote possibility of ruining you.

[kwukduck]

Gosh you're even more delusional than the average bitcoiner.

Anonymous coin hype isn't over, it's an essential feature in digital currencies and other tech that will gain more importance and value for many years to come. It's not a hype by its very definition.

Smart contracts are not an essential feature but they do offer automatization, which is always valuable for obvious reasons. Again, not a hype by definition.

[Hazir]

Anonymous coins might be popular, but that doesn't change the fact that they are unfortunately a dead end of crypto evolution.
They will be forever used as proffered payment method on darknet marketplaces, they never can reach even semblance of adoption.
I expect that government will gradually hunt  every service accepting anonymous coins down.

[ridery99]

most likely bob will steal your money than you will make anything from hype coins 

[cellard]

yup. for better or worse you're right. anyone with a modest amount of bitcoin, sub 100 say, won't be getting a life changing gain within a realistic time span.

at the same time it's gambling pure and simple and the alt market is just as rancid as it ever was. personally i'd prefer to avoid a life changing loss and stay out of it.

Indeed, the altcoin market is disappointment after disappointment, but sometimes, some projects can deliver massive gains. XMR went up to 2000%, the technology is decent, the devs are decent, but the main point of the coin was the anonymous hype phase. I remember how they pumped it claiming all those darknet markets would accept it. Now this is over, and i just don't see this coin giving massive gains again. Same for ETH. Smart contracts hype is over after DAO disaster.

So I don't see any other decent new coins that are insanely undervalued in my view.

How do we get rich then?

Ok guys sell your bitcoins for some extremely speculative altcoins!
I mean Bitcoin itself is already a big risk!
So sell your precious bitcoins if you're really that greedy!I will appreciate that and pick them all up.

Most of the "top" alts with some potential already have huge whales! And a huge part of them is also big in Bitcoin!
You're looking for the needle in the hay stack if you ask me.Great way to burn your bitcoins.Good luck!
I will take the other path.vI have patience and no problems with holding BTC for 10+ years.

And what is rich and what is not is also a subjective opinion. A payed house + a good job will make you a enjoyable life.
That is something a majority of people nowadays do not have.

Good luck paying a house 100% unless you are holding a big amount of BTC.

There's not much to be done but wait for the pump again. If you are holding ICN which a lot of those holder think can be the next big thing, you could profit more than what you have with XMR. ICN team is doing pretty much decent. Their token value has doubled in less than a year compare those who promised and funded but have never showed anything still after years. Long term investors wants to get out already due to the disappointment after disappointment.

So you are telling me to get in while you tell me that long investors want to get out because it has been a dissapointment? Why would i get in then?

Also, as far as I know, in order to get the dividends paid in ICN you need to hold them on their online platform, this seems like a scam to me. "Let us hold the coins so we can run with them at any given time". Doesn't sound convincing to me. Plus is an ETH token, and ETH is a mess.

Sounds like an oxymoron right?!
Maybe he's just looking for new alt bagholders and waiting to buy their dumped bitcoins.

I don't trust anybody in this space!Especially here where many people have an own agenda running.
When someone advises me to get rid off my bitcoins and go with shitcoins, I can guarantee you I will do the opposite and therefore buy even more BTC when the personal financial situation allows me to do so.

As someone mentioned, buying the dips will not make you rich anytime soon, unless you can afford dropping in like 100k on every dip and keep stacking big time.

Anyone that can invest 100k on bitcoin is already rich in my book.

The rest of us, would need to risk our entire net worth on every dip hoping it goes up again, and that is just insane.

Only getting in early in a project that can give us at least 1000%+ gains would deliver what we need to get rich.

Anyone that has spent time here should at least have 10 BTC to invest already. A couple of good moves going all in could take us to the next level (yes risky, but no big risk no big gain)

Why is everyone looking for 1000% + gains? If one could return even something like 15% yearly return you'd double your money in no time... and in a average 3-4 decade working lifetime, you'd be rich. I think there is definitely plenty of room for triple digit gains, even in Bitcoin. Bitcoin is STILL such a nascent concept to people, with huge upside potential. The first mover advantage bitcoin has is so great and I don't really think anything will upset that, so even a small fortune like $10,000 could make one "rich".

Because most of us are going from to bill, can barely keep any relevant savings.

In any case, who wants to wait 3-4 decades of working to get rich? I'll be too old to get it up, who cares.

And yes, big gains for Bitcoin in the future, but again, you are not getting rich from $10,000... you would need $100,000 per coin at least. When is that going to happen? Probably when we are too old to care.

[manselr]

Just in case is familiar with ICN, asking about this again:

1) Do you need to hold the tokens on their platform-website (as safe as holding coins in exchanges...) or you can store them locally in some sort of wallet and still get dividends?

2) Are dividends paid in ICN or any other token?

3) How much ICN dividends do you get depending on your holdings? how do I calculate this?

[error08]

As investors, we should focus on searching for alts where we can be whales, problem is like I said before: All alts are gimmicks/lame, and the fat pumps already happened.

So that's my 2 cents there.

Bitcoin become major cryptocurrency because it's the first one and offers many advantages for users. Many users think that if bitcoin fail, how other coins can survive? The most important factor which makes bitcoin leading the market because all of the users trust it, yes trust is hard to obtained for new crypto, moreover there are a lot of altcoins out there. But, we still have to look for the best that maybe will get big pumps, and I think byteball could be.

[rjclarke2000]

I think if bitcoin fails then a lot, if not all crypto will fail. It will tar all the others with the same brush. If the big daddy of a new form of currency fails after all the hype what chance does a less trusted and invested in coin stand?


Bitcoin needs to survive to help the other cryptos from the public's view.

[angaper]

Of course the simple holding of few bitcoins or any other altcoin is not enough to visualize a rich future, but thinking about bitcoin in its monetary value, I think it is possible to manage a small amount of coins through aggressive strategies of investment to multiply them and achieve our economic goals in a relative short time.

[Sundark]

1) Monero is going to be bigger than it is now. Not just because of its "anonymous" feature, but also because of its inflation, which is already lower than Litecoin and eventually will be lower than Bitcoins...

Eventually Monero will be blocked from being used anywhere but underground, it will be degraded to payment method for darknet marketplaces.
There is no way of global adoption, this is the aim of every cryptocurrency - if you are fine with Monero being niche coin it is ok.
Just don't expect it to get bigger without being suppressed by authorities first.

[Shady]

Alts are a way for the future in long term investing, but don't forget about Bitcoins 20,000 USD future.

All coins go up once opened to multi-cashout exchange. No matter where you look, this is the best of all investments.

[Dr.Osh]

very much the way to get rich from bitcoin. well, it was one of them. try to wait for the next pump of altcoin really can make you rich if you really pick the right coin to invest. but the risk still exists, and quite large. but, if you're serious, you certainly can.