Turning $50,000 into 1M in 365 days- Buy and Hold possible?

[Headachez]

I like the ones that you have picked. They will treat you well in the long term, but to reach $1M I think you will have to go after some of the lower coins that have the opportunity to Moon next year. But your portfolio seems stable and it probably wont be 365 days but eventually it will get there imo.

[LordCarps]

I feel like it's most especially hard to get big returns on alt coins considering there's just so many. Your safest bet will probably be the main coin which is bitcoin which is forecast-ed, in the foreseeable future to multiply its own value by 10x.

[Partizanai]

Inspired by HR's thread ($10,000 into 1M):
https://bitcointalk.org/index.php?topic=1936239.0

Looking for input from experienced traders regarding my coin picks and their fundamentals to see if a buy and hold (with adjustments but not day trading) will be possible to 20x the initial investment of $50,000 ideally within a year. I would like to aim for $350,000, and a maximum of 1,000,000.

Snapshot of portfolio based on today's pricing:
Bitcoin (BTC): 42%
Ethereum (ETH): 22%
Ripple (XRP): 14%
Iota (MIOTA): 10%
Basic Attention Token (BAT): 7%
NEO (NEO): 1%

I don't believe this current portfolio will be able to reach 20X due to majority being established coins that have already moved considerably. Last month's ROI was approx 22%.

I'd like to adjust my future portfolio for the next month to look like:

BTC: 15%
ETH: 20%
XRP: 20%
IOTA: 20%
BAT: 5%
____: 5%
____: 5%
____: 5%
____: 2%
____: 2%
____: 1%

Ideally I'd like to change either my BTC or ETH holdings into the next big project, similar to how HR changed his LTC into ADA, but can't decide for now.
For the speculative ones, I'm aiming for coins with <50M market cap with good fundamentals.

I'd hopefully update this every week, for those whose advice I take and profit from I'd plan on giving back in some form as I reach milestones (100k, 200k, etc). Of course if it all goes south you'd just have to accept my gratitude

Any suggestions/constructive criticism is welcome!

Just an opinion,  i think you should have more several micro cap coin with price tag under 1 cent, they have a lot of room to grow and its easy for them go grow to 0.1cent

[joniboini]

Just an opinion,  i think you should have more several micro cap coin with price tag under 1 cent, they have a lot of room to grow and its easy for them go grow to 0.1cent

agree with this, but we can't know for sure whether they will grow next year. just look at the case of RDD, it reach more than 1000% growth from 10 satoshi to 100 satoshi (which is i don't know for sure why, maybe lots of people starting to get their eyes on little coins)?

[chichigirl]

It is possible but choosing a good coin is very important to achieve the target. There are so many coins that has a great chance to pump specially the new coins from ICO.

[chipzeru]

Turning $50k to 1m in a year is difficult but possible. You need to choose the right tokens/coins that have possibilities for big pump. It could be more possible if you trading yours to multiply your money faster because the volatility of cryptocurrency can give you high profit in a short time by trading but very risky at the same time.

[ZZ727]

Small update- bought 3000ish POWR. Did some research- a bit below ATH, ~300M market cap, interesting concept of sharing energy using blockchain tech, has backing from Australian government and a good team (whose LinkedIn profiles seem to check out). It's tanking more but will hold this one and see where we go.

Currently waiting for a better opportunity to trade some of BTC into alts, have about $3k of discretionary funds to pick up other alts that have been researching.

[tavuhoaison96]

Bitcoin (BTC): 42%
Ethereum (ETH): 22%
Ripple (XRP): 14%
Iota (MIOTA): 10%
Basic Attention Token (BAT): 7%
NEO (NEO): 1%
You havent choose BCH(bitcoincash) i think bitcoincash will be a good choice . and LTC(litecoin) too . my advice " change BAT to LTC , and  IOTA to BCH" thanks
happy winning and earning.

[ZZ727]

Happy new years everyone!

https://imgur.com/a/B2vt8

Week 1 update-

Main "bluechip" portfolio
BTC: 27%
ETH: 18%
XRP: 21%
IOTA: 8%
BAT: 7%

Speculative/YOLO portfolio
POWR: 5%
COSS: 4%
PRL: 4%
1ST: 1%
STX: 1%

I injected approx $6k into the portfolio to boost the speculative section since I made the post and feedback. Waiting for BTC rise before diversifying that further. Overall, it's been about +40% increase from past week mainly thanks to XRP's insane rally and ETH coming back up again. Good start to the year no doubt, but as someone pointed out the first week of every year seems to be a bull run followed by a substantial correction. Will update in another 1-2 weeks. Hope everyone had a new years!

Edit: Will need be on +25-30% ROI/month to hit the max 1M goal in a year, and +15% to hit the lower goal of 350k. Fingers crossed!

[zircon]

I think that your portfolio is too huge. you will be hard to follow the market and control them. in my opinion, you should choose 5 to 6 coins to invest. my advice is BTC, ETH, CTR, PKT, Bitclave and Neumark

[matico]

If turning certain amount of money in to millions are possible, everyone in cryptocurrency will be a millionaire by now! Making money in this game go way beyond wishing and thinking it. You must take the neccesary sacrifice and really understand how crypto work before you can start to make money from it!

[Caladonian]

If turning certain amount of money in to millions are possible, everyone in cryptocurrency will be a millionaire by now! Making money in this game go way beyond wishing and thinking it. You must take the neccesary sacrifice and really understand how crypto work before you can start to make money from it!

That's the key, knowing what you are doing inside crypto will surely give you chances to grow your money, but if you are just new to this game better
to think wiser, a lots of successful people benefits inside crypto but more than that are those who fell into a trap, crypto is not an easy venture better
to have a lots of time to study and do a research.

[OMGyasuo]

Inspired by HR's thread ($10,000 into 1M):
https://bitcointalk.org/index.php?topic=1936239.0

Looking for input from experienced traders regarding my coin picks and their fundamentals to see if a buy and hold (with adjustments but not day trading) will be possible to 20x the initial investment of $50,000 ideally within a year. I would like to aim for $350,000, and a maximum of 1,000,000.

Snapshot of portfolio based on today's pricing:
Bitcoin (BTC): 42%
Ethereum (ETH): 22%
Ripple (XRP): 14%
Iota (MIOTA): 10%
Basic Attention Token (BAT): 7%
NEO (NEO): 1%

I don't believe this current portfolio will be able to reach 20X due to majority being established coins that have already moved considerably. Last month's ROI was approx 22%.

I'd like to adjust my future portfolio for the next month to look like:

BTC: 15%
ETH: 20%
XRP: 20%
IOTA: 20%
BAT: 5%
____: 5%
____: 5%
____: 5%
____: 2%
____: 2%
____: 1%

Ideally I'd like to change either my BTC or ETH holdings into the next big project, similar to how HR changed his LTC into ADA, but can't decide for now.
For the speculative ones, I'm aiming for coins with <50M market cap with good fundamentals.

I'd hopefully update this every week, for those whose advice I take and profit from I'd plan on giving back in some form as I reach milestones (100k, 200k, etc). Of course if it all goes south you'd just have to accept my gratitude

Any suggestions/constructive criticism is welcome!

If you only use  $ 50,000 to buy a coin in once and keep it until one year later, I'm sure you will not be able to reach $ 350,000. Not to mention $ 1,000,000. If you want to achieve the results you want, then I think you should invest many times and many different coin.

[zergenyt09]

you can add more coins into this list.Waves coin Dent coin Mobile go coin is would be good choose for your investment.

1 million dollars is $100,000 which means exactly 5 to 6 Bitcoin. not now really as the price of Bitcoin is falling down but few days back it was almost $19,000 and honestly those who invested in it in the month of June or July and bought at least 10 of them at that time would have experienced being Millionaire by last week. The best is to go with BTC first instead of investing in any alt coin. Diversify but keep BTC at the top of the list.

[micoholic]

Why you didn't include RaiBlocks (XRB) in your portfolio? It's value last month (December 2017) is only @ $0.2 per coin. If you look at its current price, which is @ $29.77 you'll easily reach your 1M target in no time. How I wish I focus all of my investment with that coin. There's no way I could earn again another opportunity at this. This is the first time I saw a coin rose higher in just a month aside from Bitcoin which was already given. Well, I like your inclusion of Ripple (XRP), they are performing well lately in the crypto market and might gradually increase its value this year.

[mrproblem]

Don't get me wrong but you don't need to keep anything like in percentage.
What is your aim : HAving 1m from 50k in 365 days.
With buy and hold it is possible but it has a very low possiblity than buy-sell.
If you buy and hold 50k crypto with a percentage you need an increase of 2000% in a year.
But if you want to catch buy-sell with increase of 20% for 17 times that means 1.1M USD around.
I think possiblity of catching 20% increase in a week is very high than catching 2000% possiblity with buying and holding a compost of cryptos..

[ZZ727]

If you only use  $ 50,000 to buy a coin in once and keep it until one year later, I'm sure you will not be able to reach $ 350,000. Not to mention $ 1,000,000. If you want to achieve the results you want, then I think you should invest many times and many different coin.

Don't get me wrong but you don't need to keep anything like in percentage.
What is your aim : HAving 1m from 50k in 365 days.
With buy and hold it is possible but it has a very low possiblity than buy-sell.
If you buy and hold 50k crypto with a percentage you need an increase of 2000% in a year.
But if you want to catch buy-sell with increase of 20% for 17 times that means 1.1M USD around.
I think possiblity of catching 20% increase in a week is very high than catching 2000% possiblity with buying and holding a compost of cryptos..

Thanks for your input. A portion of my portfolio will be re-adjusted. In my previous post, I mentioned I am waiting for a good opportunity to adjust my BTC holdings into other coins.

Why you didn't include RaiBlocks (XRB) in your portfolio? It's value last month (December 2017) is only @ $0.2 per coin. If you look at its current price, which is @ $29.77 you'll easily reach your 1M target in no time. How I wish I focus all of my investment with that coin. There's no way I could earn again another opportunity at this. This is the first time I saw a coin rose higher in just a month aside from Bitcoin which was already given. Well, I like your inclusion of Ripple (XRP), they are performing well lately in the crypto market and might gradually increase its value this year.

Missed this one but I’m sure there will be more XRB types in the future, hopefully will catch one!

[spring07]

I have come to realise that anything is possible in this industry. With the right knowledge, strategy and luck you will get what you desire.
The portfolio is ok, but you can look inward for new coins with great potentials.
You are on your way to hitting your target i believe.
Good luck.

[mrproblem]

Also you can check this topic :

https://bitcointalk.org/index.php?topic=1936239.0

It is 10k budget and older than this topic so you can find much more info inside that

[ZZ727]

Also you can check this topic :

https://bitcointalk.org/index.php?topic=1936239.0

It is 10k budget and older than this topic so you can find much more info inside that

Thanks for linking it, although this was mentioned in the 1st post I made in this thread

HR has just hit his 1M goal, I'd imagine it by 2M before long. His journey definitely inspired my one, albeit I don't have the trading experience he has. However we definitely share the same fundamentals which apply in most areas of investing- diversification. HR mentions in his latest post:


"And I will summarize: aside from having made good picks (which would have been fairly easy as some have pointed out), what made this possible more than anything else is the balanced portfolio concept. Don't forget it!

In fact, my real portfolio, complete with 2 ADA rebalancings to laggards, IS STILL ON PAR with the locked portfolio. Done just as well, and my risk is way lower as a result.

Also keep in mind that at some point, your crypto will need to be rebalanced against fiat."



A DIVERSIFIED BALANCED PORTFOLIO is your best friend and will neve lie to you.