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Author Topic: Which coin made you a millionaire?  (Read 1662 times)
Oasisman
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July 06, 2022, 09:39:38 AM
 #21

It'd be interesting to know how people find and analyse good long term projects that made insane profits. Can you list:

1. How you found the coin
2. Why you believed in the project
3. Why are you still holding or why you sold

I am not a millonaire yet but I bought HEX at $.05 about a year ago and sold at $.20. I thought a made a nice profit but HEX did another 2.5x.

I found HEX by watching a youtube channel and I believe in HEX because Richard Heart seems like a smart dude. I sold because I was dumb back then.
 

It's hard to make millions in altcoins. It's either you don't have enough capital to reach a million profit during pump, or you'll missed the dump and started buying shitcoins.
You could still make millions especially during this bear season though as everything in the market seems at it's lowest point right now. What you only need to have is a massive capital to pour in. Even with Bitcoin. Imagine a $20k buy and sell it at potentially $100k.

R


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July 06, 2022, 10:28:45 AM
 #22


https://www.coingecko.com/en/coins/eos
If history repeats itself, then you need to wait a few more years and get a good profit. Great liquidity on the exchange, developed ecosystem. This is not financial advice, study the project yourself.
dapp stats are bad
https://dappradar.com/rankings/protocol/eos

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cheezcarls
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July 06, 2022, 11:26:43 AM
 #23

I don’t want to name some specific number of token though, but I think they have made me a millionaire in Philippine peso that time even if it was in a bear market trend (well, I am talking about 2018). It was the reason why I have traveled more often for 2 freaking years in both local and international before the COVID-19 pandemic began.

Right now, it’s just hard to make millions in crypto unless you are so lucky that one of the coins or tokens you’ve bought has made 100,000x or something like that.

Pla
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July 06, 2022, 12:16:13 PM
 #24

None, and I think there is a very little possibility that a single coin in crypto investment can make anyone $1 Million. My biggest gain was ETH, 4 years ago when the price reach $1,000 and I earn more than $2,000 only from ETH, that was my biggest profit from Crypto, after that I never make more than few hundreds bug from a single coin.

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July 06, 2022, 12:55:51 PM
 #25

at least you have to have large funds when investing to make millions of dollars, and even then if you are lucky. there is a lot that members do when they want to invest in an ico or altcoin project, everything goes through a selection process until the fundametal analysis is all done to get a decent profit and minimize losses. I personally have never earned millions of dollars.

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sbrys
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July 06, 2022, 01:00:53 PM
 #26


https://www.coingecko.com/en/coins/eos
If history repeats itself, then you need to wait a few more years and get a good profit. Great liquidity on the exchange, developed ecosystem. This is not financial advice, study the project yourself.
dapp stats are bad
https://dappradar.com/rankings/protocol/eos


I did also quite well with EOS in 2017. Bought a bunch for 0.5$ and sold around 8$. Missed another doubling but still a big score.

Still have a nice bag and have some hopes for the full launch of Bullish.com and Voice but it's a bit silent from their side to be honest...

Maybe it's because they want to avoid any further legislation issues.

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bounceback
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July 06, 2022, 01:37:04 PM
 #27

It'd be interesting to know how people find and analyse good long term projects that made insane profits.
As long as the bear market approaches crypto, we can hardly find any more promising coins or tokens than Bitcoin and some of the other top altcoins and for now we only believe in these coins as they have proven capable of giving us bigger returns when the market has recovered especially for long term holders, I personally don't really hope to become a millionaire because it is almost impossible to make it happen in the current market situation.

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July 06, 2022, 02:02:03 PM
 #28

It didn't really make me a millionaire but some of the coins that I've profited off rather well are SLP and VIS. I managed to hop on as somewhere around the early to the middle period when the market was booming for those two coins, so I manage to nab a pretty good profit out of it. Other than that I've mostly stopped in looking for other projects and just held on to DCA'ing my Bitcoin (since I'm busy with studying) so yea, if I ever do make it as a millionaire majority of it would come from Bitcoin.

R


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Wawa2013
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July 06, 2022, 02:48:54 PM
 #29

None, and I think there is a very little possibility that a single coin in crypto investment can make anyone $1 Million. My biggest gain was ETH, 4 years ago when the price reach $1,000 and I earn more than $2,000 only from ETH, that was my biggest profit from Crypto, after that I never make more than few hundreds bug from a single coin.

It is recommended not to invest only in one coin, in addition to preventing the risk of losing all of our money. Investing in several coins has indeed
proven to be more likely to be able to generate large profits. Because based on my experience investing in crypto for several years, it is very difficult
to expect to make big profits from just one coin. My experience of becoming a millionaire only happened once when there was a bullrun at the end of
2017, some of the coins that I hold have all experienced an extraordinary increase. Unfortunately I was too greedy and next I tried my luck investing
in some new projects, but in the end the big profit that I got earlier ran out because I invested in the wrong coins. That became a valuable lesson
for myself, that when we become millionaires from crypto we must use the profits earned wisely.

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July 06, 2022, 04:07:33 PM
 #30

UST made me millionaire but in the wrong way <3
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July 06, 2022, 04:31:20 PM
 #31

The coin which I haven't bought yet. Also millionaire in what? Seashells or US dollars?

I don't think a USD millionaire would waste time writing posts in this forum so you are asking this in the wrong place. Maybe go visit where the rich people hang out and you'll have your answer, that's if you can enter them places. (assuming that you are also poor)

LTC, XMR, BTC, ETH, DOGE they all created lots of multi millionaires before.

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virasisog
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July 06, 2022, 05:48:02 PM
 #32

I'm too far from the word millionaire but I could say that I'm lucky enough from my gains with Bitcoin last bull run. I was actually having regrets because there were opportunities that I missed when the price was too low before the first bull run happened last 2017. There are still potential coins that I'm holding for a long-term run like BNB, ETH, and LTC as well as Matic, so I'm still hoping to be a millionaire in the future.
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July 06, 2022, 06:04:43 PM
 #33

you decide to buy HEX because you trust someone you don't know, and you think it will make you rich. If you do not research carefully but only buy according to other people's opinions, you only lose money. Don't go back to blaming him if you don't reach your goal later on because you don't have any investment perspective.
Do you have to know who the founders are as a whole? nor may some of the background and projects he carries with him have long term benefits. But what about Bitcoin we all don't know Satoshi? would you advise not to invest because you don't know him too? in this case it is not an important benchmark, because the main priority of crypto investment is that you have a clear long term target.

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July 06, 2022, 07:07:01 PM
 #34

Well summing it up, I only invested in Bitcoin and that was it. I just hold Bitcoin since 2017 and since I usually bought it when I get savings. I think I had build already for almost thousands of profits. I am not sure if there is such a coin or any project that made someone a millionaire.
If someone was indeed millionaire, s/he could have been not in this forum.
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July 06, 2022, 08:15:54 PM
 #35

Different cryptocurrencies have made investors millionaires during bull seasons, but the main one must be bitcoin, since it's the original crypto among all, which gave origin to crypto market and every altcoins. Stories of success involving bitcoin adopters are common and there are even people who wrote books to share their experience and inspire others to thrive in financial world. However, we must be careful with such stories and always look for evidence they are legit, as there are many scammers trying to lure people into altcoin investments promising returns they can't guarantee and telling facts about their personal success that aren't true.
Without a doubt the most numerous stories should be about bitcoin, after all it is the original coin and the one that has existed during the whole duration of this market, so even if it is harder for bitcoin to do a 10x it is still the coin that has the best odds of making you a millionaire, since the rest of the altcoins could have more potential for a higher growth than bitcoin but the chances that a particular coin in which you happen to be invested actually goes through that growth are incredibly low.
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July 06, 2022, 08:41:47 PM
 #36


1. How you found the coin
2. Why you believed in the project
3. Why are you still holding or why you sold

I am not a millonaire yet but I bought HEX at $.05 about a year ago and sold at $.20. I thought a made a nice profit but HEX did another 2.5x.

I found HEX by watching a youtube channel and I believe in HEX because Richard Heart seems like a smart dude. I sold because I was dumb back then.
 

Maybe I did not breakdown them one by one, I myself When looking for the next profitable coin always look at my favorite exchanges and look for some hidden gems with learn everything i can learn about them, from technical analysis to fundamentals and everything in between.

Overall, it seems that the most important factor in determining the success of a coin is users, the number of active and willing to use the wallet. HEX is good and If you research and invest it means you can find projects with real potential and one thing if I'm not mistaken, Not always traders try to get the best out of their trades and become millionaires fast.

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July 07, 2022, 06:40:18 AM
 #37

It'd be interesting to know how people find and analyse good long term projects that made insane profits. Can you list:

1. How you found the coin
2. Why you believed in the project
3. Why are you still holding or why you sold

I am not a millonaire yet but I bought HEX at $.05 about a year ago and sold at $.20. I thought a made a nice profit but HEX did another 2.5x.
I am not a millionaire myself at all, hell I do not even have a few thousand dollars right now due to the fall as well. However, I can easily say that my friend became a millionaire based on some project called "SBDO", it was bfi or something, had BDO coin, and then SBDO as an extra thing etc etc, it was an algo stablecoin basically just like Luna and it crashed to nothingness just like Luna as well.

However, he got in very very early, like on the first days, and it was super cheap, like 150 bucks or something each, and staked it, made like quadruple of it if I am not wrong on tokenwise, and then the price hit like 8k+ each as well, which made him a millionaire and he sold them all and got out.

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July 07, 2022, 06:46:53 AM
 #38

It'd be interesting to know how people find and analyse good long term projects that made insane profits. Can you list:

1. How you found the coin
2. Why you believed in the project
3. Why are you still holding or why you sold

I am not a millonaire yet but I bought HEX at $.05 about a year ago and sold at $.20. I thought a made a nice profit but HEX did another 2.5x.

I found HEX by watching a youtube channel and I believe in HEX because Richard Heart seems like a smart dude. I sold because I was dumb back then.
 
[I am also not a milionaire but keep on investing in multiple type of cryptos. I also have other alternative strategies for secured investment. Recently I came across Mallconomy, a great earning site. If you are interested in knowing more, feel free to comment]
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July 07, 2022, 07:33:40 AM
 #39

...However, he got in very very early, like on the first days, and it was super cheap, like 150 bucks or something each, and staked it, made like quadruple of it if I am not wrong on tokenwise, and then the price hit like 8k+ each as well, which made him a millionaire and he sold them all and got out.

Everyone knows that it is very difficult to find a coin that will bring you a big profit. But even if you made the right investment, not everyone is able to wait until the price reaches high. As a rule, we see that the price has increased by 200-300% and sell it, and then we observe how the price increases several times more.

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July 07, 2022, 07:44:50 AM
 #40

...However, he got in very very early, like on the first days, and it was super cheap, like 150 bucks or something each, and staked it, made like quadruple of it if I am not wrong on tokenwise, and then the price hit like 8k+ each as well, which made him a millionaire and he sold them all and got out.

Everyone knows that it is very difficult to find a coin that will bring you a big profit. But even if you made the right investment, not everyone is able to wait until the price reaches high. As a rule, we see that the price has increased by 200-300% and sell it, and then we observe how the price increases several times more.

Lost profits are indeed a killer. It overshadows all profit you made. Worst thing is you almost never sell at the top.

If you make a million you will probably depressed you didn't make 10 million. Human nature Smiley

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