My Crypto Portfolio. Will I be able to Retire in 5 years?

[tehMoonwalker]

saddest portfolio ive evern seen, i hope its fake. otherwise u just burned ur life savings on shitcoins

[Moon_Man]

get some bitcoin and monero. also it is not a good idea to leave that much on an exchange... you should move those coins into wallets you control ASAP

[dissident]

you need to make 5114% profit in 5 years (nearly 1022% profit annually) to reach your target. i can tell you one thing, it is not going to be easy at all. specially if you are buying and holding "altcoins" for long term.

in short term these coins do magnificently but when it comes to long term, they are all limping.
and also the short term doesn't last long. it is mostly "an altcoin season" that they are getting pumped and are giving good profits. but in the end they will all have a dump and then a very long down time (winter sleep).

out of these choices i can say LTC and then ETC are better choices.

The altcoins move with bitcoin... if there's a winter sleep, bitcoin will drift back down to $500-600 and drift around for years as well.. they move in tandem.  We are currently in a bubble.   As for marijuana, potheads have enough to deal with just getting it legal and the profits made from becoming a dealer in a legal state, they won't be worried about a crypto currency in my opinion... I'd invest in cryptos based on the technology... XEM and ETH are the two in the top 10 with the best tech. They are both somewhat rich in price, though XEM is far cheaper and has the potential to double, you're not going to retire from buying any of these now at these prices... maybe 6 months ago, or 18 months ago.

[igigme77]

Don't take investment advice from a bunch of strangers, you won't get any unbiased advice here. The people here will tell you to invest in the coins they themselves are invested in.

I recommend you research a bunch of coins, and invest in the coins you think will do well in the long term. Take advice from forums with a sprinkle of salt.

I cant believe it took so long to get that answer. Thanks man. Everyone should only listen to themselves when making investment decisions.

And Obviously im not here looking for guidance, just killing some time and trying to make a few people jealous.

 

[igigme77]

saddest portfolio ive evern seen, i hope its fake. otherwise u just burned ur life savings on shitcoins

thx moonwalker.

I'll remember to reply to this 5 years from now.

[mfgex]

I would seriously cut down on Potcoin.  It doesn't have much of a use case right now.  BTC & ETH, and frankly anything else, are just as equally capable of being used as currency in the marijuana industry.  So you're banking heavily on basically just another coin that happens to have the name "POT".  Since a big concern in that industry currently is not being allowed to store pot-earned money in banks, logically you would want to keep those earnings in a stable crypto.  And by extension transact in it as well.  Just my 2 cents.

[torrentco]

PS: Don't leave your coins on an exchange

where do u expect him to put his potcoins?

[Red-Apple]

PS: Don't leave your coins on an exchange

where do u expect him to put his potcoins?

in its official wallet! and that goes for any altcoin out there. but for most of them that are unknown you should run the wallet on a virtual machine sandbox to prevent any malicious script from harming your main computer.

in case of potcoin i think i once saw there was an open source paper wallet thing for it which created a green theme paper wallet with pot leaf printed on it

[ethereumhunter]

Hello. I need about 2M US dollars to retire. I have made my crypto investments and want to know if you guys think it's possible to retire on my portfolio within the next 5 years.



Discuss.

sure you can retire in the next 5 years, i think you don't need to waiting until 5 years because you can retire in anytime you want and you can make big profit for list. i think for that coins, you need to waiting for a while before its increase to the moon so you can soon retire with much of money. you must have big money in your bank account because i see that you have much of bitcoin in the image.

[Zaizoun]

You can retire now lmao

[pressureonme]

Hello. I need about 2M US dollars to retire. I have made my crypto investments and want to know if you guys think it's possible to retire on my portfolio within the next 5 years.



Discuss.

Litecoin and ethereum classic are the ones that can bring your possible retirement. Not the others I think. You can also add Waves to your portfolio but waves is not available in poloniex exchange.

[headachy]

Waves were not so well known in april, but coin is getting more and more respect and is seen as one of the most promising in crypto. Sell your Potcoin and enter in Waves and Stratis.

[fia_naila]

you need to diversifie potcoin, it is too much for alt such potcoin, etc is good for long term

[CoinCollector006]

For 29 BTC, it would be best to consider more diversification. You have too much exposure to adverse events in any one of these names.

I would consider a minimum of 15 coins including well established coins and a few high octane slingshots.

Core names:
BTC - 1st mover network effect
Monero - leading privacy coin
ETC Classic - this is a keeper
Steem - this is a keeper, may beat Facebook and Reddit
NEM - Asia exposure, scalable technology

Slingshots:
Artbyte, Darcrus, POSW, Xtrabyte, Viacoin, Voxels

I have detailed analyses for some of the slingshot names at my blog
https://steemit.com/cryptocurrency/@maxmonroe/low-market-cap-crypto-ideas-with-appreciation-potential

[DGulari]

Hello. I need about 2M US dollars to retire. I have made my crypto investments and want to know if you guys think it's possible to retire on my portfolio within the next 5 years.



Discuss.

Assuming you are still holding these coins until today, your current investment is
ETC = 2723*0.0069 = 18.78 BTC
LTC = 566*0.015 = 8.49 BTC
STEEM = 3500*0.00068 = 2.38 BTC
POT= 400000*0.000043 = 17.2 BTC

Your total investment now worth 46.85 BTC from 22.85 BTC. Your investment doubled and congratulations for you.
In USD, 46.85*$2450 = $114,782.5 still long journey to reach 2M dollars

[renes]

It doesn not look so good, you should add few other coins to reduce risk, add stratis to make 2M it will save you if ever anything happen to others.

[MiBambino]

Sell your potcoin and buy minereum. Also, buy Bitcoin, as it's chances of survival and practical adoption by the mass population are higher than any other coin. Maybe diversify your litecoin earnings, put a couple hundred bucks in SIA as well.

Btw only stupid people need 2 mil to retire, if you get to 750K you can easily buy 3 appartments which you can rent out for about 900 a month (2.7K/month of passive income), and you'll still have enough to invest in some promising startups.

Based on what you have right now, it's very much possible, but please don't put all your hope in this. People more clever than you have lost money doing smarter things than this

[Radientgurkin]

saddest portfolio ive evern seen, i hope its fake. otherwise u just burned ur life savings on shitcoins

thx moonwalker.

I'll remember to reply to this 5 years from now.

(This old thread caught my eye, pretty interesting how ppl love to trash talk.)

The idea that you want to invest long term in Crypto instead of daytrading is promising. This is an emerging technology and if you play your cards right you'll do great. What exact coins to invest in is pure speculation but since cryptos arrived we have learnt some valuable lessons:

1) Investing long term pays off!
Warren buffet says waiting is the hard part. But it's worth it.

2) If possible, use a hard wallet (ledger, trezor etc)
Crypto security may be sound, but firewall/password security on PCs and exchanges can and will be breached.

However, since you DID ask for portfolio advise I think having at least 80% in selected top cryptos (BTC/LTC/ETH etc) and rest in selected smallcaps is a way to go for the long haul.

[burdeN]

Switch from POT to BTC and from ETC to ETH and you will be good 

[CryptosapienZA]

Hello. I need about 2M US dollars to retire. I have made my crypto investments and want to know if you guys think it's possible to retire on my portfolio within the next 5 years.



Discuss.

Is this a troll post? No, there's no way in hell you will be able to retire with that portfolio. You need to find coins that have real world use cases. I have nothing against potcoin but I don't think putting more than 50% of your money in it is a very wise idea. I think you already know the answer, that's why you asked... Put some privacy coins in there like zcash, monero etc. Then load up with some stratis,iota, btc etc.