Turn $10,000 into 1 Million

[ntspb]

Anybody else looking at ARK? Looks like a very interesting project. Could be a good long term buy around 50000 sat.

What's your take?

Hi there, thanks for this thread and maintaining it alive. I am a complete noob in cryptos and watching your investment grow gives me a lot of encouragement.

As for ARK, I bought some when it was exactly around 50K making a completely stupid noob error of getting into pumped asset. But then it turned out to be a decent coin and I am still holding it. At the same time, doesn't this ambition of creating a bridge between different cryptos look too bold to you, I mean you'd have to be a very good negotiator to attract other coins to use your platform. And isn't it what other devs are trying to do as well. I don't remember exactly what coin it was but when I got into ARK and started learning about it I saw some other well-established coins with similar goals. I think this could be a winning strategy but it will also be a very competitive market.

Another thing I got from this thread was that BURST coin someone recommended here recently. I looked into it and it seems really innovative, allowing mining with spare HDD capacity and even on Android devices, like using your spare space on SD-card. Surely, you can't mine a lot with that but it could still be a good thing for public attention. In fact, I think that since all these cryptos don't have any intrinsic value (just as fiat money) the one that would gain the widest adoption could be the winning coin and making it simple just as BURST does could really help that adoption.

Everyone, pleases share what you think about this, that's what we are here for - sharing thoughts and insights, aren't we?

[Kopen]

Read my way through the Ark whitepaper and working my way through other materials as I find them.

Offhand, the majority of it seems like proposing the same solutions to the same problems that many altcoin-as-a-platform projects are also trying to solve. Falls a lot into the "blockchain solves all the things" area (distributed file storage, blockchain databases, identity management, p2p payments, and so forth). I also see nothing consumer friendly. Obviously this is early stage stuff, but if folks have a hard enough time figuring BTC out...

I do like the SmartBridge/Encoded Listener concept. IFTT between blockchains seems like a useful thing (decentralized exchanges, that sort of thing). That said, I think it's useful because the blockchains themselves that are bridged are useful. I'm less convinced that we need an intermediary blockchain to enable these behaviors.

I see the decentralized/trustless premise of blockchains in general, but in terms of putting money into one, I'm looking for use cases where those attributes bring serious value (i.e. BTC as a self-sustaining store of value). Seems like a lot of Ark's features could be replaced well enough by a local (or server) client that scans existing blockchains today (or listens to a server for triggers, or w/e). Not 100% trustless, but could be open-sourced and trustworthy-enough.

I suspect that any eventual decentralized ecosystem will be a mishmash of competing standards all trying to interconnect rather than any one, beautiful solution.

------

Btw, on the Segwit exposure topic, you're watching it carefully more on...principle, yes? In other words, it risks undermining some of the fundamental decentralized model BTC proposed?

[South Park]

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

You have too much Litecoin, even if all the coins in your portfolio pumped hard litecoin is going to limit your growth, if you really want such a huge growth then you are going to need to invest mostly in icos and in coins with very low market cap and even then the risk is going to be very high that you do not get to your goal.

[JohnDoe3490]

Too much litecoin? You telling him to invest in more ICOs? That's bad advice. Why not just go to a casino and play baccarat? Investing in an ICO is loss all your money, maybe double, maybe 10x.

[AndriyPilipyak]

I will prefer to add bancor,omisego,eos

[fia_naila]

Buy cindicator token. Their token will be exploded. And th3y just announce another their advisor is changely founder.

Their advisor
1. Founder changely
2. Founder jaxx
3. Co founder jaxx
4.Co founder ethereum
5. Director enginering facebook

[chopter]

Buy some promising projects that just ended their ico and collected 20+ million. At the moment their price per coin is alot cheaper than it was in ICO. Projects like Monetha. Also get some cheap Nav Coin.

[cryptofraction]

Hello OP. Thanks for the wonderful thread and keeping the discussion alive. Really appreciate it, especially as you post all the details with explanations. Thank you! 

Sorry if you have already explained it in previous posts and I might have missed it, but what is your take on BTS? Why do you believe in them and what is their potential of growth in terms of price in your opinion?

I mean, their price has been steadily declining, however I did a bit of research and it seems that it is a solid company with a good project behind it. I don't understand the present price valuation though... 


Thanks again and I hope you reach your target very soon! BTC

[torry28]

Buy cindicator token. Their token will be exploded. And th3y just announce another their advisor is changely founder.

Their advisor
1. Founder changely
2. Founder jaxx
3. Co founder jaxx
4.Co founder ethereum
5. Director enginering facebook

I doubt if OP would buy any new token such as cindictator (it's still on ICO though, which has high risk rather than old and stable altcoins).

[davidroux]

Buy cindicator token. Their token will be exploded. And th3y just announce another their advisor is changely founder.

Their advisor
1. Founder changely
2. Founder jaxx
3. Co founder jaxx
4.Co founder ethereum
5. Director enginering facebook

even they are famous but still can make sure project will be success. look at BAT. my money stuck for 3 month

[vinceey]

just invest your money on the blockhain platform, i recommend Waves,Nem,Ark it will give you more profit next year.. if you want undervalued coin then invest on XVG

[HR]

Check it out: https://steemit.com/trading/@cryptographic/btc-fib-retracements-and-more

I'm doing something very different over there (different but complementary - I'll still be here), and I invite everyone to join in with that community building venture. It's still early on, you'll get the nick you want, a good price too if you invest (it's not necessary to buy anything though in order to create an account), and you're in on the ground floor. And your votes really count. You contribute in a real sense to the success of not just information sharing, but your actual investment itself.

[que91]

Buy cindicator token. Their token will be exploded. And th3y just announce another their advisor is changely founder.

Their advisor
1. Founder changely
2. Founder jaxx
3. Co founder jaxx
4.Co founder ethereum
5. Director enginering facebook

I doubt if OP would buy any new token such as cindictator (it's still on ICO though, which has high risk rather than old and stable altcoins).

Maybe he heard Mayweather has posted a tweet about Cindicator ICO. Recently, Mayweather also an investors in the ICO market, I do not know he has joined to affiliate programs or not, but the truth is he posted about ICO projects.

[bitcoinmaniac52]

Fun fact: If you bought DubaiCoin in 2016 for $0.10 you could have made 400x on your money in a year. That means $10,000 would now be worth $4,000,000.

[HR]

https://i.imgur.com/dZbXhDb.jpg


Current weightings:

LTC 25.01%
SYS 23.61%
BTS 22.44%
STEEM 19.81%
NLG 6.17%
PIVX 2.92%
BTC .04%



Edit: This is what I expect to eventually happen with these guys.


https://i.imgur.com/giWy3Yk.jpg

Still not sure just what LSK has got that makes it so special, other than being a local favorite. 

[kidsuzudn]

Turn 10000$ into 1 million is not that hard. I saw a topic that the OP want to turn 10$ into 1 million, that's impossible. With trading i think you should make 2 plan for investing.
1/ Long term: choose a strong coin that raise the valuable slowly for long term profit.
2/ Short term : Investing to some ICO project or finding some new coin just release , this maybe can help you earn very good profit.

[benere]

Best of luck with this, I'll be watching closely

[Qwestion]

Who else will step up to the challenge?

[Cicada1033]

Turn 10000$ into 1 million is not that hard. I saw a topic that the OP want to turn 10$ into 1 million, that's impossible. With trading i think you should make 2 plan for investing.
1/ Long term: choose a strong coin that raise the valuable slowly for long term profit.
2/ Short term : Investing to some ICO project or finding some new coin just release , this maybe can help you earn very good profit.

You say "not that hard"? In what kind of world are you living?


OP what are your current thoughts about LTC? Will it reach the 100$ mark again in the next weeks, months?

[Kopen]

Let's talk Bitshares for a moment (while they're still charting favorably). I like the project (DEX, etc.) and feel perfectly confident that the price will see better days. Not too worried there.

Here's my question: Does it potentially overexpose a portfolio to China? I was going through a recent State of the Network post, and I noticed that a substantial amount of trading comes from China (BTS/CNY is 51% of transactions, BTC at 48%). BitCNY is also 69% of all the smartcoins held on the exchange (BitUSD is second at 25%).

Presumably this includes external exchanges as well (i.e. the BTC portion), since they'd all need to interface with the BTS network to execute the trade, no?

Now, Bitcoin will be fine without China, ultimately, if it even comes to that (figuring any major stakeholders will find a way around). On the flip side, BTS is (apparently?) much more dependent on them. This makes me a little nervous that some sort of mass-FOMO out would do some serious damage to either the price or the project. I could still see BTS pumping arbitrarily, but in terms of long-term prospects, would love to see more diverse adoption.