Turn $10,000 into 1 Million

[n691309]

I can imagine its a relief now that LTC is out of your portfolio. Looked at LTC for a possible future investment but was kinda unsure about it too (it already ballooned from barely $4 in the last 6 months). Do you consider DGB to be a long-term investment? Personally I plan to get rid of them as soon as they result in a measurable profit.

Latest graph of yours still show a solid trend (with 'usual' ups and downs) towards the threshold of 100K!

definitely need to pay attention to another currency, because you really do not earn anything if for such a long time the rate has increased by only $ 4 ..

I guess it really needs to have more enough patience as you see fluctuations ups and downs was concerned here. Nevermind those other currencies while looking unto the holdings that you are focusing, and if you wanted your assets to grow you should maintain the long term goal no matter what happens.

This is very correct advice. The investor should be calm. If he starts to recede from the planned path and change tactics, he will lose assets. But this should not be allowed. Rich become the most patient

Making a plan and sticking to it is the best of all, but one thing need to be considered is the alternative plan. If something goes wrong than our prediction, we need to make the alternate plan take effect. So a sudden plan implementation will help in avoiding the loss in no time.

That is very clever to have a plan B in case plan A fails. This way a person won't face a sudden great loss or even if he does, basically he will be able to recoup the loss. If someone has 10k dollars, he must simply invest whole of it into bitcoin to get profits within a month or invest it in some useful business, which has thousands of customers like renting flats etc.

[Coffee2015]

I am looking for your update right after forking.
I am curios about the trends.
It seems you do good choice

[ValVikram]

Tell me where to first take $10,000.

[shrey123]

Making 10,000 into a mill is easier said than done...

To achieve this goal you will need to start trading, day trading to be precise.

The key to making successful trades is not that hard, just DO YOUR RESEARCH before investing or it will cost you btc.

Personally I focus on attending to bitcoin meetups and reading many articles related to the coin I want to buy.

I also use free software that predicts the future market of several coins. www.cryptoforesight.org

Once you start trading, you will make mistakes in the beginning, LEARN from your mistakes.

Don't give up on trading and you will maybe achieve your goals.

Good Luck!

[manishmike]

You need to get the right trade. Anything negative will kill it.

[fasdorcas]

@HR Now that BTS will be deleted on October 13th, 2017 from Bittrex and its already 20% down. What should be done?

What can be done? Either you believe in the project and wait for a recover or sell and abandon the ship because it will take a hit.

I think wait for recover is better option. I don’t know whether you are talking about bitcoins are not but if it is considered in bitcoin case, then surely waiting for recover is best option.

Selling is not good option as you may know that bitcoin will rehabilitate and someday your loss could be recovered. Wait for good time and things would be in your pocket.

[the-doctor]

Very inspiring just keep it going. I see that You have little drop on this market dip, but not so significant it is still up trend.
I am wondering what do you think about OMG and NEO i do not see them in your trading portfolio?

[naidray]

i am also thinking the same question

You really do not need to think the same question cause unless you are going to be holding for long or trading what you have, there is no way you can turn $10,000 into $1million. It is a very good money to start trading with if you have the idea and can go on with it easily with good strategies, but it will take hard work and some days and some little heartbreaks before you even get to that amount.

[Vispilio]

Making 5x in 17 weeks already makes you a super star among all hedge fund managers so congratulations.

Where do you get your ideas from, do you have a reliable source for fundamental analysis on crypto currencies ?

Great call on ADA by the way, I also think anywhere in the 300s is an amazing buy for this project.

[nkahoots]

For most of us buying BTC/ETH and holding for 10+ years will out perform trading, certainly on a risk adjusted basis. Maybe not as fun, but more likely.

[Nerman]

I have some of the coins as well and hoping that your speculations will be true. I will check the other coins you bought and reevaluate them. Good luck and I hope to see your post here in the forum after earning that million.

[HR]

Bittrex gonna delist BTS from their site
https://support.bittrex.com/hc/en-us/articles/115001862851-Pending-Market-Removals-10-13-2017

   The following markets will be removed on October 13th, 2017:

BTC-BTA

BTC-BTS

BTC-DAR

BTC-DRACO

ETH-BTS  

It made price become worse, what will you do now HR?

I already answered your question the day before you asked.

[HR]

Any recommendations for a wallet to store BTS?

https://bitshares.org/download/

[hrspecter]

Any recommendations for a wallet to store BTS?

https://bitshares.org/download/

You can also move it to Poloniex, they still have it listed.

[HR]

Any recommendations for a wallet to store BTS?

https://bitshares.org/download/

You can also move it to Poloniex, they still have it listed.

#1: An exchange is not a wallet (although you could indeed leave your BTS there).

#2: Poloniex is worse than Bittrex, way worse, in my opinion of course.

#3: Risk levels are rising across the board when referring to centralized exchanges - USDT has nothing to back it and I think it's going to cause some bankruptcies and/or bail-ins - and I recommend getting off all of them by taking coins to private wallets.

Not to mention their risk of being hacked and making customers pick up the bill (another bail-in). https://www.bloomberg.com/news/articles/2016-08-07/hacked-bitcoin-exchange-users-to-lose-36-will-receive-tokens

[FLoving]

Making 10,000 into a mill is easier said than done...

To achieve this goal you will need to start trading, day trading to be precise.

The key to making successful trades is not that hard, just DO YOUR RESEARCH before investing or it will cost you btc.

Personally I focus on attending to bitcoin meetups and reading many articles related to the coin I want to buy.

I also use free software that predicts the future market of several coins. www.cryptoforesight.org

Once you start trading, you will make mistakes in the beginning, LEARN from your mistakes.

Don't give up on trading and you will maybe achieve your goals.

Good Luck!

Getting this much of profit from 10,000 $ is actually not a big deal. You need to be very much positive in your thoughts and attitude. You need to think well before making any decision. You need to opt for trading if you actually want to achieve this milestone. Keep on putting more and more efforts and the day will come when you’ll enjoy the fruit of your efforts.

[ThunderCatSteve]

Any additional thoughts on BTS? Ive exited my position just before this most recent sag began. Love BTS and everything about it but just unsure about price performance.

Trust me! BTS has been a huge pain in my ass for a very long time now since I have been holding it and it has not really given so much than a shitcoin as far as I am concerned. The funniest part is waking up now just to discover it is going to be delisted from bittrex by October 13. Now, I just have to count my losses and accept my fate after the huge dump already or just move to another exchange which I am not sure I am even ready for right now. Learnt my lessons though... (Never hold a crazy coin for too long). I will get back my funds in another trade for sure.

I feel the best thing for you to do is to move it into another exchange. That will be better than losing your funds.
You might still be lucky to recover whatever in the next pump. Poloniex is trading BTS and you should not let the actions of bittrex dictate how you make your decisions. This is just my own advice anyway.

[HR]

https://i.imgur.com/HYb8U7p.jpg


Current Weightings:

ADA 28.90%
SYS 23.97%
STEEM 22.09%
BTS 16.72%
NLG 6.11%
DGB 2.21%


Chart Potpourri: BTC, SYS & STEEM

[The_Dark_Knight]

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

It is possible to turn your money into a million but since most of your investment is in a coin that is well known and established then you are going to have a lot of problems doing that, if I were you I will try my chances with altcoins and then you may say, that is a risky move and you are right but you are the one that wants to obtain monster profits and that can only be done by taking huge risks as well.

[HR]

Great buying opportunity in ADA right now!



Of course, that's my opinion only.