Becoming rich owning all altcoins in 5 years?

[raphma]

buying every coin? you would be probably losing money.
there are more coins dying every day than coin going 100000$%.

but, if you do some search before and buy only  the "good" stuff (and by "good" i mean coins with at least a solid team), you would be probably with some profit(and i wouldnt say very rich)

[jeffthebaker]

Exactly, I now have GNT, XRP, Dash, Ether and BTC itself.

Any suggestions in which ones are good?

Incent, Waves, Ardor, Chronobank (if you can get them for < 1$) - ICO coins that raised good funds and with devs who don't do a runner are a good long term invest (Ardor is more a 2nd gen ICO).

Hahahaha good joke buddy. If you're buying an ICO shitcoin AFTER the presale, more often than not, you're just throwing money away. You should absolutely not divert serious amounts of funds into ICO coins after they've already been listed on exchanges. With that being said, non-ico shitcoins or shicoins currently in ico are still fair game.

[xuan87]

The answer will be no, from 100 alt coins that you invest not more than half is going to survive for 5 year and maybe the one that going to make profit is maybe 10 alt coins, so you still going to lost a lot of money, alt coin is a very unstable coin, investing in a long time is the same with high risk gambling

[maku]

Hahahaha good joke buddy. If you're buying an ICO shitcoin AFTER the presale, more often than not, you're just throwing money away. You should absolutely not divert serious amounts of funds into ICO coins after they've already been listed on exchanges. With that being said, non-ico shitcoins or shicoins currently in ico are still fair game.

It is the harsh truth about ICOs.

After initial phase of ICO when there is no hype anymore and pumping is done,
then it is you best chance to sell off every token and forget about this coin.

The best and quite recent example - Zcash - right after the end of ICO period was over price of 1 token was around $1300 for a few days.
And now Zcash is worth $30.

[bbc.reporter]

Would one be super rich if one now bought 1000 of each altcoin under a dollar at the time of this writing 5 years from now?

1000 of each altcoin costing you under 1 dollar? Those cryptocoins must be the most useless, most avoided and the most worthless of them all. It would be better for you to keep your money. You might need it for better things in the days ahead. It would also be good to ask yourself, who the hell becomes super rich with a 1 dollar investment?

[jacaf01]

Would one be super rich if one now bought 1000 of each altcoin under a dollar at the time of this writing 5 years from now?

I can tell you that you would have lost more than 90% of your investment, there is high probability that most of these so call Altcoins won't be in market in 5 years time. I expect a big change to happen in the cryptospace soon that would separate real projects from scamcoins and this will just be obvious to see for all.

[wavespump]

No, of course not, because:
1.  Most of those altcoins will crash and burn, leaving many of your investments worthless.
2.  The ones which don't collapse soon will usually never make it over a dollar, especially the coins which don't matter.
3.  If they go up, you're likely to miss it if you're waiting several years as it won't be for long (altcoins are very volatile).

You need to check each altcoin for its legitimacy.  Some altcoins will rise in value, but they are usually established coins with relevant innovation rather than just another new attempt at a Bitcoin rip-off.

1st is correct, litecoin was so expensive, highest price was 0.05 btc per ltc in the end of 2013, but now ltc is worth 0.0035btc. POW coins has no future, I like pos coins because inflation is lower than real world.

[the rise]

Risks to save or invest altcoin in long term is much more dangerous than bitcoin. Immediate conversion of all altcoin to bitcoin and keep only 30% of coins just for playing in trading market. Many kinds of alternative coins means many users are divided depending on their choice who tend often not survive in one coin, Altcoin developers when they can't get up, they would go bankrupt and disappear, or walk without hope.

[Papayer]

No. You will mostly be at a loss on bitcoins, but at a profit when compared to fiat money. But this is because the Bitcoin price rose, so you better just keep bitcoins.

[Pursuer]

right now it is best if you only keep your bitcoins or if you have fiat and want to invest buy bitcoin with it instead. because bitcoin price is rising at the moment and for the time being it will continue, and this means majority of altcoins are going to be dumped, and some of them dumped hard; mainly because traders will migrate to bitcoin market instead and want to make profit there.

and then after this period, you can invest in altcoins for short term and get back to bitcoin afterwards if you want a sure profit instead.

[JL421]

Of course no that a really big no. The reason bitcoin has no owner it is just a system created by a person and he doesn't control anything nor he gets anything. Of course in case of altcoins all the legit ones price can't be controlled. But the owners can keep the money with them as far as I remember. Now of course there no chance that altcoins will reach at price of bitcoin and suppose the coin is in loss the owner can simply take all the coins and run away. I would recommend you to invest most of you money in bitcoins only and keep altcoins for maximum a year or maybe two

[Grdas130979]

Answering the question i would say probably not. Lets say you buy top 100, average price lets say 0,5usd. 100*1000*0,5 you need 50.000 usd.

If we look at the past for every 100 alt only one made it, and lets say you find 2, which will go 50 times up, the other will probably dissapear. So 2*1000*25 makes 50.000 usd. Even if you find 2 alts to go 50 times up, you will get your money back !

So isnt it better to invest at BTC or choose more carefully altcoins ?

[andrei56]

I remember when people said BTC was a scam,
then they said they government would stop it,
that fiat wouldn't allow it,
that silk road destroyed it....
and finally those people STFU
and regretted not buying at $2
and mining the hell out of them.

So look, the way i see it is if you see a coin you think has potential and its only a few bucks to load up a few thousands of them and forget about for 5 years, then go for it.
I did, and and waiting for the day it pays off again.  

The problem is the average user of bitcoin has no way to distinguish from the coins that have some potential and the ones that are nothing but an attempt to ride the bitcoin train and cash come money out of a scam coin.

[wpd]

Answering the question i would say probably not. Lets say you buy top 100, average price lets say 0,5usd. 100*1000*0,5 you need 50.000 usd.

If we look at the past for every 100 alt only one made it, and lets say you find 2, which will go 50 times up, the other will probably dissapear. So 2*1000*25 makes 50.000 usd. Even if you find 2 alts to go 50 times up, you will get your money back !

So isnt it better to invest at BTC or choose more carefully altcoins ?

I agree. Altcoins are too risky to try them all. I would stick to the top ten altcoin, probably only the top 5 or 6 among those.

[Latwindar]

Exactly, I now have GNT, XRP, Dash, Ether and BTC itself.

Any suggestions in which ones are good?

Incent, Waves, Ardor, Chronobank (if you can get them for < 1$) - ICO coins that raised good funds and with devs who don't do a runner are a good long term invest (Ardor is more a 2nd gen ICO).

Hahahaha good joke buddy. If you're buying an ICO shitcoin AFTER the presale, more often than not, you're just throwing money away. You should absolutely not divert serious amounts of funds into ICO coins after they've already been listed on exchanges. With that being said, non-ico shitcoins or shicoins currently in ico are still fair game.

It is better to just buy the bitcoin and big altcoins.

[jack1111]

Would one be super rich if one now bought 1000 of each altcoin under a dollar at the time of this writing 5 years from now?

No, you should not choose randomly, there are hundreds of altcoins but most of them are useless, that means they will lose their value by the time, from other side, some cryptocoins has great potential. For example, Ethereum, although the price of this coin is much higher than its initial price, but sure it will rise more in the future.

[Estherth]

People buy altcoins just want to earn more bitcoin
That's the only reason why so much altcoin.

[tuvok007]

Exactly, I now have GNT, XRP, Dash, Ether and BTC itself.

Any suggestions in which ones are good?

Lol, if you buy a small stash from about thousand altcoins today in five years 950 of them will be long gone   but from that 50 there will be 30-40 decent ones with three to four times ROI and five or six of them with at least 20x ROI. And probably one or two with a 100x ROI.

[Latwindar]

Exactly, I now have GNT, XRP, Dash, Ether and BTC itself.

Any suggestions in which ones are good?

Lol, if you buy a small stash from about thousand altcoins today in five years 950 of them will be long gone   but from that 50 there will be 30-40 decent ones with three to four times ROI and five or six of them with at least 20x ROI. And probably one or two with a 100x ROI.

If you buy the top 10 altcoin, it is much safer.

[Kevin77]

Exactly, I now have GNT, XRP, Dash, Ether and BTC itself.

Any suggestions in which ones are good?

Lol, if you buy a small stash from about thousand altcoins today in five years 950 of them will be long gone   but from that 50 there will be 30-40 decent ones with three to four times ROI and five or six of them with at least 20x ROI. And probably one or two with a 100x ROI.

If you buy the top 10 altcoin, it is much safer.

Exactly my thoughts. I have some big coins in small amounts and I am trying to buy even more of them.

That way when they go up I will have a decent investment. As long as they outrun bitcoin on the long run it is a great investment for me. I don’t buy small ICO newly on exchange type of coins. I buy stuff like ETH, Ripple, Litecoin, Monero, stuff that will go up and ran properly.