Turn $10,000 into 1 Million

[HR]

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

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

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[bitcub]

What's this? A self challenge? 10k usd to 1M is very possible. You just need a precise buy and sell judgement. Please update this thread of your progress.

[DarkIT]

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.

[alani123]

I think that it is a bad time to invest in any of those as the peak was reached and now massive profit taking it taking place. There's only so long bagholders will be hodling for. There are tons of coins to be dumped and aside of the bubble, no market to absorb them.

[wantjokull]

I did not understand you completely but what I learnt from your post is you want to make x percentage of your shares everywhere in the top altcoins and they you will wait for the price to pump high. This will generate huge amount of profits for you in the future. Is it like that?

[U2]

Oh my. When the massive altcoin bubble pops you'll be back to square one. I hope your portfolio also includes bitcoins but you just didn't include that as this is your altcoin portfolio.

[xFiber]

I'm happy to see that you have so much fait in Litecoin (I do too). I wish you the best of luck and I think if you're able to control your emotions you should be able to pull it off. But make sure you give it time, and even if things look bad HODL!!

[chaser15]

I think that it is a bad time to invest in any of those as the peak was reached and now massive profit taking it taking place. There's only so long bagholders will be hodling for. There are tons of coins to be dumped and aside of the bubble, no market to absorb them.

Can't applied this to NEM. This project is meant for long term and surely it will passed their recent ATH to far more that a long time holders can't really imagined. That's why I putting money in some event that the price are on dipping status (like this past days until now).

I have been in NEM since the price was below 1,000 satoshis. After almost year of holding, I see some surprised with this. The 5,000 satoshis back then is the target and considered as high price but now it's sees as a cheap price.

[MeSang]

I'm a newbie and wondering if you should add Stratis to your portfolio, I bought it at 0.0004868 and now worth $2.66 USD....310.31% change since April 29, 2017.  I would like to know what charting software you are using and if it is for free?..TY

[gentlemand]

The only way that gain is realistic now is with coins that are presently effectively dead, or almost completely unknown, and for them to go stratospheric. That's very possible but none of those coins fit the bill.

You'll probably do very well eventually but you need to place some wilder bets and forget about them for the really dramatic increases.  

[FractalUniverse]

have you bought $5000 worth of LTC ? what price?  why did you chose LTC for highest share of portfolio?
i have some now as well, but im not that confident it can get too high, or even outperform the other major altcoins

[MeSang]

forgot to add this article on stratis...https://news.bitcoin.com/tumblebit-hiddenwallet-released/

[MeSang]

What about adding Golem?  https://www.crunchbase.com/organization/golem-network#/entity

[beerlover]

Have you set any time frame for achieving this ? From $10k to one million dollars is 100x growth. If everyday making 100% (= $10k) profits then it might take more than 3 months time and for 10% (a reasonable) daily profits it would take three and half years. But daily $1000 profits still seems impractical to me.

[HR]

Lots of great replies and comments. I’ll try to answer in general as generally as I can.

Yeah, I think it’s very possible, and as well as being a personal challenge, it’s also something that can be easily shared without reservation as I think it’s practically impossible to lose money if you’re willing and able to hold for as long as you have to if needed. From that group of 7 you might have one or two “disappointments”, but things have got to really go wrong for you to lose money. It’s the biggest no brainer I’ve ever seen in my life. Easy for me to say having been around since 2014. Easy for anyone whose been around since the early days to say the same. That having been said, it’s not so obvious to the newcomer, who’s starting at a much higher buy price and has much less knowledge. Those of us who’ve been around know that crypto is here to stay and that the winners are going to be worth a lot more than they are now. The key rests with your crypto picking capabilities, and why not share your conclusions with others? If you’re so sure about them for yourself, why not openly share them? Even at the risk of sounding like a shill! It’s in all of our interests to hang on to our winnings until we get fair value, isn’t it? One of the best things we can do is share our knowledge about that and work together to that end. There’s a reason why early adopters are handsomely rewarded: they invested their time, knowledge and money early on. The idea is to sell at fair value . . . after, of course, identifying the winners that will make it there. Yes, I think it’s very possible, and I hope there are as many of us peons as possible who do it!

Some of the more technical aspects: I think the potential is there in this portfolio for a 100x gain. No doubt in my mind that the reasonable prospect is there, and “dead” coins, third tier coins, not even 2nd tier coins are necessary in order to find these prospects. 100x gains with 1st tier crypto. That’s the amazing part about this! See this other thread for more thoughts of mine on this subject: https://bitcointalk.org/index.php?topic=1925617.0

With regards to other possibilities: that’s why I invite everyone to participate, so you can put your suggestions out there too. I would only suggest that you try to stay with the basic criteria being used: high potential value crypto already performing as projected that is extremely undervalued. Technically LTC isn’t in that category, but the portfolio needs a conservative, yet also relatively undervalued, balance to act as the “bank” and with BTC approaching fair value (that I estimate to be $5,000ish), LTC was chosen for that role (with a 20x conservative appreciation potential, next to BTC, it’s another no brainer – it does everything BTC does, and much more!). And, of course, since I, or any of us, can always be wrong, I also recommend healthy debate.

No time frame is set. Everything risked is risk capital capable of being completely lost.

[counterplay]

Wouldn't it be harmful for your chances to go for a 100x gain to choose a conservative approach for 50% of your portfolio?
Isn't the potential of 100x growth enough reward so that busting out in some scenarios is an accaptable outcome?

[HR]

Wouldn't it be harmful for your chances to go for a 100x gain to choose a conservative approach for 50% of your portfolio?
Isn't the potential of 100x growth enough reward so that busting out in some scenarios is an accaptable outcome?

Perhaps. That would be a different risk tolerance level for sure. I'm trying to build a "medium risk" portfolio with a better than average chance to make the minimum target, and when the conservative 50% has a very reasonable chance to revalue by as much as 25 times over, then you've almost got the best of both worlds and something that in itself could easily satisfy the 100 grand minimum target. Said in other terms, I put the odds of LTC being worth 25 times what it is now much higher than I put those for BTS or STREEM to revalue 250 times over (which I do think is rational and doable in any event). Rather than a bunch of busts, you could get eternal double dribblers, and at some point you must move on. But perhaps your idea is better. Who knows? Post your list and we'll watch the two along side (or just watch the same one I posted ex-LTC). At the end of the day, it's mainly a risk tolerance question on my part as I am very portfolio diversified in nature, and there will also most likely be strokes of luck that will seperate the two regardless. The potential max reward doubles or triples though.  

[digaran]

Hey bud I think your portfolio is being dumped right now, how did you figure steem, pivx nxt to be anything other than the usual scam which they are?
Syscoin, Nem, Bts all are jokes even Ltc is a joke all of the mentioned coins are a disgrace to crypto.
Satoshi was the one and only who has disappeared and never sold a single coin of his stash, I can't tell the same thing about other devs can you?

[alani123]

Hey bud I think your portfolio is being dumped right now, how did you figure steem, pivx nxt to be anything other than the usual scam which they are?
Syscoin, Nem, Bts all are jokes even Ltc is a joke all of the mentioned coins are a disgrace to crypto.
Satoshi was the one and only who has disappeared and never sold a single coin of his stash, I can't tell the same thing about other devs can you?

Of course it is getting dumped. Altcoins were just a way for traders to leverage profits as the value of Bitcoin was riding. This would be easier in smaller markets ofc..

[machinek20]

I do wish you a good luck, I also investing in litecoin, but the movement of the price is really slow and kind of having a lot of setback, so you will need extra work to reach a million especially you invested 50% in litecoin, and now it is the best time to choose what alt coin to buy, because all of the price is still dropping