My personal challenge: $1,000 to $1 Million

[jouesurf]

Hey everyone,

First I will say that I am not offering or advertising anything, I am not and will not take any money.

I have been trying things here and there and after some good success decided to give myself a proper challenge! I will try to go from $1000 to a Million in less than 10 years (the baseline is 8 years).

While making the calculations I actually realized that as crazy as this challenge is already, 8 years is a long time haha.

Anyway, my friends were kinda laughing at me for this. They also told me to share with other people to make it even more official. I actually thought it was a good idea, you know like when you take some resolutions but fail to hold up to them? It helps to tell everyone about them so that you feel more pressure to actually do the work. So I made a quick website to show them how I am doing!
Hopefully I will succeed and not shame myself....


Wish me courage and luck!
Cheers

*EDIT* - Decided to add some details from reading the comments

*About me*
As far as I remember I have been trying to find ways to make money aside from my jobs, with very diverse success.  In 2010 (I think it was) I found out about Bitcoin, mined a bit for the fun of it but dropped the case soon enough (what a shame). A few years later it really picked up and I found myself with a couple grands of "free" cash. So I decided to use that as a bankroll.

*What this is about*
I do trade, and been doing this for years, but it's really investment-like, long term and not very risky so it comes with low return.
What I mostly do within the frame of this challenge is Sports Betting (90%).
Although I believe there is room for BTC price to increase significantly, I do not consider it in my calculations, it's all about return. If the price shoots up, then awesome, if it doesn't then all good, if it goes down, then it's a problem.
The reason I am using BTC is because the platforms/sites I use only have cryptos. But I am considering going into a stable coin.

To succeed, I need to make 8% per month, that would mean I've become a Millionaire in 8 years.

*RESULTS*

Sep-19:  account = $1,126  mROI = 12.60% ROI = 12.60% Target = 8%
Oct-19:  account = $1,274 mROI = 13.16%  ROI = 27.42%  Target = 16.64%
Nov-19:  account = $1,813  mROI = 42.29% ROI = 81.30%  Target = 25.97%
Dec-19:  account = $2,120  mROI = 16.92%  ROI = 95.06%  Target = 36.05%
Jan-20: account =$2,188  mROI = 3.20%  ROI = 101.30%  Target = 46.93%   tough month, hope to catch up in February

PS: since it seems to be too much of a problem, I have removed the link to my website (although I was quite proud of how it looks
PS2: at the moment it is not possible for me to undeniably prove my results (but since I am not selling anything, do I have to? I guess that would be cool), but one of the platform I use might make results publicly available so let's see...

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[Ucy]

Better you use a trusted site for this if you really want people to follow or monitor your progress. Not a good idea to click on links posted by newbies who have nothing to lose here. Besides, there should be ways to verify that what you post on the site are true. You should also be prepared to update this thread regularly otherwise people may lose interest.

[rijaljun]

Are you sure you aren't promoting anything?

I have ever seen a thread exactly the same with this and trying to lure people to invest in order to join the challenge.

[jouesurf]

It must have been my post then.

Things were not proper and I changed the bad parts of the site after the feedback.

Back then I tried to explain and convey that I am not promoting or whatever anything but I agree the page was not great for that. I did apologize for the misunderstanding too.

The page will remain as it is (unless I get feedback that I should change something again), all I will do is update with results.
Actually I removed the email address, that should prove further my good faith, I hope.

I just wanted people to root for me and see it can be done (if I manage to do it ofc)

[jouesurf]

Better you use a trusted site for this if you really want people to follow or monitor your progress. Not a good idea to click on links posted by newbies who have nothing to lose here. Besides, there should be ways to verify that what you post on the site are true. You should also be prepared to update this thread regularly otherwise people may lose interest.

You mean with SSL? I am quite a newbie but I definitely need to do that and work on it asap. --> DONE!
I don't have any problem updating this thread, I think it's fun to do so.

[ashmodeus]

well , u must crazy enough to believe it happen.
its mean 1000*1000 , u need 4 or 5 team on parlay soccer ball wich it using predict score to get 1000++ ods, lmao.
i just say good luck for it, btw what instrumen u choice to make it true ? a pure of crypto trading ?

[jouesurf]

well , u must crazy enough to believe it happen.
its mean 1000*1000 , u need 4 or 5 team on parlay soccer ball wich it using predict score to get 1000++ ods, lmao.
i just say good luck for it, btw what instrumen u choice to make it true ? a pure of crypto trading ?

Thanks!
I use crypto but I don't have too, it's just that most of the platforms I use don't accept fiat.
Yes I do a little bit of trading but I am not great at it, it would take me centuries to get there.
Profits hugely mostly come from sports betting (80% tennis, 20% horse racing and 10% soccer).

PS: I am looking at 8 years time, so to get there it's 8% a month, crazy but still doable

[BitSat19]

Look like its going to be tough as you are doing some very good amount from 1000$ in a decade I believe its not impossible but very difficult as few years back one member already try this but I have not information what happen with him good luck.

[ChrisPop]

Respect for taking the time to make a rudimentary website to track your performance. I don't know if you're aware of it or not, but one of the biggest "helpers" of a trader is a trading journal or some way in which you remain accountable for your actions. Making your personal challenge public, as long as you don't promote anything is a great way to start your journey towards $1M although BTC might be at a much higher dollar value in 10 years from now in my opinion. So that $1M might be $100M or more.. or less.. who knows?!

Btw the website chart is not working, but maybe that's due to the fact that you haven't added any trading data yet. I wish you a healthy body and spirit 'cause you're going to need both to be successful!

[jouesurf]

Look like its going to be tough as you are doing some very good amount from 1000$ in a decade I believe its not impossible but very difficult as few years back one member already try this but I have not information what happen with him good luck.

Thanks!
Oh, someone tried that? I would like to see how it went...

Well, even if I don't get there I'll end up with a good profit or not so much loss (except time): "Shoot for the moon. Even if you miss, you'll land among the stars." 

[jouesurf]

Respect for taking the time to make a rudimentary website to track your performance. I don't know if you're aware of it or not, but one of the biggest "helpers" of a trader is a trading journal or some way in which you remain accountable for your actions. Making your personal challenge public, as long as you don't promote anything is a great way to start your journey towards $1M although BTC might be at a much higher dollar value in 10 years from now in my opinion. So that $1M might be $100M or more.. or less.. who knows?!

Btw the website chart is not working, but maybe that's due to the fact that you haven't added any trading data yet. I wish you a healthy body and spirit 'cause you're going to need both to be successful!

Thanks! Oh I am a maniac of journals, numbers, KPIs etc. I do all that on Excel.
It's very true, now that you mention it, maybe BTC will shoot up and I will reach my goal just like that haha. I guess I would still continue though.

Thanks a lot for the feedback about the chart, it broke down after I added SSL, but now it's fixed.

[Mpamaegbu]

http(S):// grindbooster.info

Wish me courage and luck!
Cheers

Dude, I ain't clicking on that link you have put out there. No, not just because the URL isn't secured with an "S", it's just that most times clicking on such kind of links is a waste of precious time. And I think people here shouldn't either. Back to you plan, I believe it's achievable if you can indulge compounding of profit you make from trading the $1,000. No matter is too big to make once the skill set is top notch.

[Baofeng]

Goodluck in your journey. For the record though, $1k is not equal 1 BTC, the current price is around $8600.

Anyways, this is a big challenge, but with the block halving coming in, I guess your chance is greater to get to that 10 BTC. You also need to be mentally though, because once you see profits in the future, you might be tempted to get your profits. Again, as I have said, this is just the beginning of your journey in crypto many bumps along the way but I do hope that you overcome it.

[Findingnemo]

DO you have any strategies to achieve your goal? Or just going to hit random trading techniques and let's find out how lucky you are going to be in the coming years?
I won't say this is impossible but highly looks not possible with the volatility and uncertainty of crypto prices in the recent days.

[Theb]

What if I had bought into Warren Buffet at the very beginning? He turned $10,000 into $50 Billion in 50 years.

Maybe you have misread some articles about Warren Buffet during his early life. If you are talking about this article he is talking about a what if situation if individuals invested in the S&P 500 last 50 years ago they'll have 51$ million (not billion) by now. If you are talking about his net worth being 50$ billion he was already a billionaire when he took over Berkshire Hathaway and even before that time he have 11 partnerships of companies so really he was in pole position of reaching 50$ billion net worth in 50 years as he is one of those boomers that had took advantage of blooming businesses. He made money not just because of solely investing and re-investing what they earned they also continuously find investors willing to ride along with them as well as buying companies to be under them. So really you might want to be realistic with your targets here even if you set it up until a decade has past since re-investing your earnings will only go so far.

[NeuroticFish]

It's a very ambitious plan.
I have a few questions though, since the ones that may be following this find this useful (maybe you should even put it onto your website).
1. Do you have any trading background / experience (crypto, forex, stocks)?
2. Do you use trading and/or arbitrage bots?

I'd like to also warn you that you should use at least 2 different ways of trading, and/or not trade always "all in" because the bigger fluctuations may make you lose everything. Of course, if you have big experience you know this very well.

Good luck and happy fishing 

[jouesurf]

http(S):// grindbooster.info

Wish me courage and luck!
Cheers

Dude, I ain't clicking on that link you have put out there. No, not just because the URL isn't secured with an "S", it's just that most times clicking on such kind of links is a waste of precious time. And I think people here shouldn't either. Back to you plan, I believe it's achievable if you can indulge compounding of profit you make from trading the $1,000. No matter is too big to make once the skill set is top notch.

No worries, if you don't wanna click, don't
Yep it's full compounding at minimum 8% a month to get there in 8 years. When/if I do manage to rack up a lot of profits, it's gonna be tough not to take anything out...

[jouesurf]

What if I had bought into Warren Buffet at the very beginning? He turned $10,000 into $50 Billion in 50 years.

Maybe you have misread some articles about Warren Buffet during his early life. If you are talking about this article he is talking about a what if situation if individuals invested in the S&P 500 last 50 years ago they'll have 51$ million (not billion) by now. If you are talking about his net worth being 50$ billion he was already a billionaire when he took over Berkshire Hathaway and even before that time he have 11 partnerships of companies so really he was in pole position of reaching 50$ billion net worth in 50 years as he is one of those boomers that had took advantage of blooming businesses. He made money not just because of solely investing and re-investing what they earned they also continuously find investors willing to ride along with them as well as buying companies to be under them. So really you might want to be realistic with your targets here even if you set it up until a decade has past since re-investing your earnings will only go so far.

That's why I think my goal of $1M is "reasonable"

[jouesurf]

It's a very ambitious plan.
I have a few questions though, since the ones that may be following this find this useful (maybe you should even put it onto your website).
1. Do you have any trading background / experience (crypto, forex, stocks)?
2. Do you use trading and/or arbitrage bots?

I'd like to also warn you that you should use at least 2 different ways of trading, and/or not trade always "all in" because the bigger fluctuations may make you lose everything. Of course, if you have big experience you know this very well.

Good luck and happy fishing 

Thanks for the kind words. I do have some money management in place. The goal is very ambitious but it's not about gambling.
I don't use any robot etc. all manual.
Yes, I have been trading (mostly forex and stocks) for many many years now.

Finally, I will think about your suggestion. I am just careful not to give any impression that I am selling something...

[pixie85]

Firstly, I did not understand why you set up a site for this. I can not find relationship between thought and the site. Was the site necessary to show them to someone?

I guess you can also see the risks. Because earning in good condition for a short time does not mean that it will always be. If the market goes down like last year, you should digest the results. So how do you intend to counter with it in such a volatile market? Did you think something for that?

And I don't see any connection with his sports betting and trading. We are on trading discussion and he admitted that most of his profits come from bets so where's the trading part.

Profit curve is nothing without a proof of bets and trades. I could be more convincing myself and set up a wallet address where I would keep sending coins and telling everyone that those are my profits from trading coming in.