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Author Topic: Turn $10,000 into 1 Million  (Read 68141 times)
andrey111
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February 06, 2018, 07:09:33 PM
 #881

Who can do this in the current market, that's a real trader, even a trader with a capital letter. Alas, often everything happens the other way round. Who bought 10 and sold 20 and so several times a month they probably did.
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jinx029
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February 06, 2018, 10:56:25 PM
 #882

HODLing doesn't need to have effort on your end. Buy and accumulate bitcoin and just let it sit overcome no need to do effort and I'm sure that in about 5-10 years you will be a millionaire. The question is that can you hold it that long. Another case is the early adopters who buy bitcoin and bulk and hold it. They are now millionaires. So no effort needed. But if you are going into trading, of course you will need a lot of time and effort and capital to reach the 1 million mark. That's why I now prefer to just buy bitcoin and hold. Too much stress for me in trading. And besides I have other priorities as well. So for me, the best to turn $10,000 to a millions is to buy all of it into bitcoin and hold for 5-10 years. No stress, no effort. Just secure your bitcoin to a hardware wallet and backup everything.
crypt0heaven
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February 06, 2018, 10:59:11 PM
 #883

Perhaps not exactly "trading", but it just might be one of the shortest time frame investments you'll ever make.  Wink

How about a portfolio competition?

Using today’s price to establish opening position cost basis, the following portfolio has a minimum target of $100,000 (if everything goes wrong) and a maximum (still conservative) target of $1,000,000. (Explaining the reasons why goes beyond the scope of this friendly competition.)

Litecoin (LTC) – 50%
BitShares (BTS) – 10%
STEEM (STEEM) – 10%
Syscoin (SYS) – 10%
Nxt (NXT) – 10%
PIVX (PIVX) – 5%
NEM (XEM) – 5%

We’ll see how it does. Wish me luck!


Full Disclosure: I currently hold many of these issues as “long term” investments (but not all at this exact time since I’m still looking for a better entry on one in particular), and could purchase or sell any, at any time, and/or trade short term as well, with the weighting for this “model” portfolio being somewhat different from my own, where, for example, I am currently overweight LTC, BTS and PIVX.


https://i.imgur.com/MqTGARn.png


Edit: Forgot one very small detail at the time: the price of Bitcoin. It's highlighted on the 5 min chart below.


https://i.imgur.com/00lZU8s.jpg


I invested 500 euro last january and at the peak it turned into 135k, with 10k i would have me 20x that, easy 1 million.
Panzersin
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February 07, 2018, 01:14:38 AM
 #884

most likely it can not be done. 100x make it very difficult, when large amounts of money you can make any amount of it fall altcoin.
You are who dont understand on here. OP turned his $10k to $1 million fyi.
It's not difficult if if you are a proffesional/experienced trader





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.POWER. PLAY




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rxthree
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February 07, 2018, 01:43:31 AM
 #885

I am not saying the markets are are bad, what I mean with my statement is it is risky to carry out analysis with such small data. The chart is ok, it is showing prices dumping and a good opportunity seems to be coming up with the time. The swing trading is good for small period of time where you buy and sell with low and high strategy. It would be ridiculous idea to do that for very long period. FYI: bitcoin is different and self condemned which will rise in its own value and other coins are irrespective of it.
BountyX
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February 08, 2018, 05:43:15 PM
 #886

Why is nobody speaking about the sequel of the blockbuster "Turn $10,000 into 1 Million" which has a slightly different title, more appropriated for this beginning of 2018: "Turn 1 Million into $10,000 "?

Haladay
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February 08, 2018, 06:35:30 PM
Last edit: February 08, 2018, 07:08:02 PM by Haladay
 #887

I am not saying the markets are are bad, what I mean with my statement is it is risky to carry out analysis with such small data. The chart is ok, it is showing prices dumping and a good opportunity seems to be coming up with the time. The swing trading is good for small period of time where you buy and sell with low and high strategy. It would be ridiculous idea to do that for very long period. FYI: bitcoin is different and self condemned which will rise in its own value and other coins are irrespective of it.

This is like an adventure and serious traders know that this is not that much possible in the real trade. This is 100x return to get $1M target and you will be spending your time to get this.
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February 13, 2018, 03:08:10 PM
 #888

Yes,became a Millionaire now than to wait for tomorrow, that day might not come if I won't act ,and that's absolutely the same, but the wiser idea is to grab the opportunity today so the blessing will come to me.
Rabblerah112
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February 13, 2018, 04:46:38 PM
 #889

Good luck!  Lots of people have made more with less in crypto.  My signature is a Telegram group that helps people with investments. Mainly palm beach confidential updates but check it out Smiley

@charteroakpublic - Telegram channel with leaks from premium sources like Palm Beach Confidential.  Join us!  Also at:  t.me/charteroakpublic
budz0425
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February 13, 2018, 04:52:30 PM
 #890

Yes,became a Millionaire now than to wait for tomorrow, that day might not come if I won't act ,and that's absolutely the same, but the wiser idea is to grab the opportunity today so the blessing will come to me.
We should keep in our mind that opportunity does not always knocks our door, so if even an opportunity does don't wait for it to just go away just like bubble, go and grab it first and analyze if it was meant for you or you love to do that opportunity, just like here in crypto wherein I am now in a decision that I have to give up my job for me to go full time here.
Birin016
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February 13, 2018, 05:28:58 PM
 #891

You could've made it if you invested several years ago, now the market is getting scammy and crowded, but I like the fact that 90% of all BTC belongs to 0.7% of all adresses, this means the price will continue mooning, until ofcourse those fat fingers decide to dump it and go into fiat
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February 14, 2018, 11:08:28 PM
 #892

making it a reality is by trading. but, I think, it is a very high target with very low capital. but, if you dare to do it, you might be able to produce it, but with great risk. I've never heard of anyone doing that, you could be the first one.
therhslv
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February 15, 2018, 03:26:09 PM
 #893

Did op cash out something or still holding , trying to find some info , but too many pages over here Smiley really interested what he have done when reached 1M
pircklr1
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February 16, 2018, 11:24:41 AM
 #894

Did op cash out something or still holding , trying to find some info , but too many pages over here Smiley really interested what he have done when reached 1M

I would also like to hear about this.
I just keep on being more and more surprised how good projects the OP managed to choose at so early state. I would not mind to hear his (or her) opinion on the current market situation and the projects he (or she) sees bright future ahead.
Rhinoboy11
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February 16, 2018, 11:38:12 AM
 #895

hey, Can you update us today what you have made so far in this plan you had? Please and thank you!
Rhinoboy11
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February 16, 2018, 11:41:45 AM
 #896

making it a reality is by trading. but, I think, it is a very high target with very low capital. but, if you dare to do it, you might be able to produce it, but with great risk. I've never heard of anyone doing that, you could be the first one.

well, Ian Belina put 10,000 a year ago and is now 4.1 mil worth
Piterg
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February 16, 2018, 12:22:25 PM
 #897

I would like to see the current result on the positions of the author of the topic, if you do an analysis, there is still no million, but half must be exact!
s31joemhar
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February 16, 2018, 03:45:36 PM
 #898

Actually one thing which is the best in cryptocurrency all things are possible to happen in good ways. There is a great possibility that the company of bitcoins can make the value of their services up to one million dollars and I am hoping that in future; I am of those lucky investors.
tokenchatkelvin
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February 17, 2018, 11:13:07 AM
 #899

Although it is possible, but it is a very difficult road. Need great luck, and great ability. Well, even with $ 1000 you can do it, with bitcoin, you can achieve whatever target you want, but it takes a very hard effort.

I know a few friends who made millions already, this could be a once in a lifetime opportunity (which will not last very long once the market gets regulated)
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February 17, 2018, 07:08:18 PM
 #900

Did op cash out something or still holding , trying to find some info , but too many pages over here Smiley really interested what he have done when reached 1M

I believe he has continued to balance his portfolio but hasn't posted on here. You can find him on Steemit, where he makes lots of great posts about the market and some specific coins in general, but not related directly to this portfolio

https://bitcointalk.org/index.php?topic=1936239.msg27341613#msg27341613

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