sbrys
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July 08, 2022, 02:48:55 PM |
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I'll add another 5 cents to this thread. Think for a moment, up to this point history has repeated itself 3 times. The price of bitcoin fell from the maximum values by about 80% and then there was a new pump. Even well-known coins like ethereum, litecoin and so on may not repeat history. It is better to look for new projects that have this path ahead of them.
Ethereum also repeated it's 2017 pump no ? Went to new ATH after crashing 90%
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tygeade
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July 09, 2022, 02:55:44 PM |
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I am pretty far from being a millionaire, neither do i have that mindset of being a millionaire through cryptocurrency, quite a lot of people have the get-rich-quick mentality with crypto, and it has cost them quite a lot of losses, some they can't even ever recover from, i am a Bitcoin enthusiast, so i hardly have anything to do with altcoins, but what i have noticed is that it is altcoins that people purchase when they start to nurse that get-rich-quick mentality in their heart, mind you that altcoins are risky and aren't long term projects, thus you should sell when you have the opportunity to, especially when you have made ROI. I am not worried about Bitcoin making me a millionaire or anything of that sort, there are other ways i can achieve that goal in RL, i sincerely believe in the Bitcoin network, and that is part of the reason i put my funds in it.
Altcoins do have a chance to be going higher and make you richer if you are lucky. Of course, there are coins out there in the thousands, and if you are lucky you will get that one which will be going up, and not the thousands that will not mean to become anything. I have been part of so many projects now both as an investor and as a worker, I can tell you that most of them do not even have any intention of being in the top 100, let alone top 10. This is why you know why you should stay away from those, and focus yourself on something more serious. I love bitcoin as well, at least I know what I can do with it and what I can expect, ETH and BNB too, because they are pretty legit as well.
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Xal0lex
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July 09, 2022, 03:52:41 PM |
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I am pretty far from being a millionaire, neither do i have that mindset of being a millionaire through cryptocurrency, quite a lot of people have the get-rich-quick mentality with crypto, and it has cost them quite a lot of losses, some they can't even ever recover from, i am a Bitcoin enthusiast, so i hardly have anything to do with altcoins, but what i have noticed is that it is altcoins that people purchase when they start to nurse that get-rich-quick mentality in their heart, mind you that altcoins are risky and aren't long term projects, thus you should sell when you have the opportunity to, especially when you have made ROI. I am not worried about Bitcoin making me a millionaire or anything of that sort, there are other ways i can achieve that goal in RL, i sincerely believe in the Bitcoin network, and that is part of the reason i put my funds in it.
Altcoins are more suitable for quick profits than long-term investments. Many altcoins obey trends, but people think trends will come back and their investments will rise again many, many times over. That's why would-be millionaires are buying up various cheap shitcoins like P2E, memcoins, NFT, etc. Although there are also some good examples in altcoin indsutry for long term investing where the price has gone up a lot in the last 4-5 years.
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bonyaserg
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July 10, 2022, 08:31:04 AM |
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Ethereum has become the most profitable coin for me. And when Ethereum was just starting its growth, I realized for myself that this coin would bring me big profits in the near future. And I didn’t think for a long time that I bought these coins for myself. And after some time, my Ethereum coin brought me a very good income. As a result, Ethereum brought me great profits and made me a little richer. Now I very often follow the development of the crypto market so as not to miss the most important events. Since at any time a very promising coin may appear on the crypto market.
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posi
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July 10, 2022, 08:41:15 AM |
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I am pretty far from being a millionaire, neither do i have that mindset of being a millionaire through cryptocurrency, quite a lot of people have the get-rich-quick mentality with crypto, and it has cost them quite a lot of losses, some they can't even ever recover from, i am a Bitcoin enthusiast, so i hardly have anything to do with altcoins, but what i have noticed is that it is altcoins that people purchase when they start to nurse that get-rich-quick mentality in their heart, mind you that altcoins are risky and aren't long term projects, thus you should sell when you have the opportunity to, especially when you have made ROI. I am not worried about Bitcoin making me a millionaire or anything of that sort, there are other ways i can achieve that goal in RL, i sincerely believe in the Bitcoin network, and that is part of the reason i put my funds in it.
You are passionate and just holding bitcoin, it can also make you a millionaire. If you hold and accumulate long term and don't necessarily sell them when the price goes up and hold them for 10 years or more then I believe you will have a chance to become a millionaire in the future whether you like it or not. I'm sure altcoins can't make us millionaires because no millionaires are made overnight from one investment, instead we lose money by overinvesting in altcoins .
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Frengki_cisco
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July 10, 2022, 11:17:50 AM |
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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 remember when I invested in Doge, I judged things against HEX, it could have happened like what happened to Doge at that time. The problem now lies with investors who believe in HEX, maybe if HEX can get good investors, I believe the value will soar.
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keyscore44
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July 10, 2022, 11:28:52 AM |
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LOL I'm sure if someone has already become a billionaire with cryptocurrencies then they are not spending their time on Bitcointalk but are being massaged by some super sexy models on an exotic beach. I think there are at least a few such people and I have no doubt that these people made money on Bitcoin. It was enough to hear about BTC in 2010 or earlier.
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len01
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July 10, 2022, 02:07:17 PM |
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It'd be interesting to know how people find and analyse good long term projects that made insane profits. Can you list:
to find long-term projects, every investor must have their own way of analyzing it. but for myself when i want to join a project and aim for the long term i prefer to research from the project developer whether they have expertise in crypto marketing. because if a project is held by a developer who has experience and expertise in the field of marketing, it definitely has the potential to attract many people to join the community and start investing there. on the other hand i also always see the seriousness of the project from the road map that was planned before the ICO started. but it should be noted that each analysis will not necessarily benefit in the future. it's just that the analysis can prevent a little from getting a scam project. 1. How you found the coin
i used to find coins join the bounty campaign but not too much. after that, i get coins in a way joining an ICO which i have analyzed for the long term 2. Why you believed in the project
because before i join a new project, i always do some research to see if the project is good for the long term. so that if i have joined the project no matter what happens i will still believe 3. Why are you still holding or why you sold
the reason i'm selling is because i already have a target at the price i have to sell it. but when the price has not reached the target, i keep holding it until the price reaches what i planned 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.
until now i have not felt like a millionaire from the results i have done in several projects and bounty campaigns. but i just believe that holding bitcoin will bring luck and make millionaire in the future
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Silberman
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July 10, 2022, 06:51:52 PM |
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LOL I'm sure if someone has already become a billionaire with cryptocurrencies then they are not spending their time on Bitcointalk but are being massaged by some super sexy models on an exotic beach. I think there are at least a few such people and I have no doubt that these people made money on Bitcoin. It was enough to hear about BTC in 2010 or earlier.
While it is true that there are probably not billionaires that are lurking around the forum the number of millionaires doing so is in fact not small, it is true they can spend their time doing something else which is more appropriate for their income level, and I think they do, but at the same time they are grateful for what they have now and they spend time in the forum as this was the place in which they were able to make their fortunes as this forum is still one of the best places where to get information about bitcoin and the market in general.
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Webetcoins
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July 10, 2022, 07:09:25 PM |
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In my country, if you want to be a millionaire in our local fiat, it is like just a bit over ten thousand dollars I believe, maybe like 50k? Probably not even as much, don't know the math to be fair but it is definitely much easier. This is why I can easily say that if you move around and find the nations where you could live a lot better, for cheaper then you will be doing fine.
But, when it comes to stuff you need from other nations, that's the trouble. Like yeah you can get meat, pay bills, get a fish, get blanket, buy a couch whatever all for local purchasing power levels. But when you want PS5 or the new iphone? That's going to cost a lot.
Similar situation here as well. Honestly crypto is such a great deal that, in the crypto world when price goes from 20k to 21k, the fiat in my nation goes from much higher than much higher, that slight 1k change in dollar means such a bigger change in my nations fiat. This is the beauty of crypto, it is such a global thing that when it moves, it impacts so many lives all at once .Think about all the people who made money from crypto, and all the people who are form third world nations like me, who has sub 500 dollar per month salaries, and how many people made a profit, and all of their families as well who got helped by it as well. Tens of millions of people benefit from crypto every month.
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TelolettOm
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July 10, 2022, 08:18:48 PM |
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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
Unfortunately, I don't find it yet so far the coins that make me a millionaire. So far, I am making good profits, but the rare one and I think it is enough for me. I even make some profits very legit from TKO and XRP at that time. But this is enough profits to accept, not the one making such a milllionaire. Btw, I bought XRP when it was experiencing a drastic drop when having problems with SEC, holding them for several months. After passing the FUD, it was very nice to see the price increase and get lehgit profits. 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.
Good experience, mate. Sometimes, we don't not really know when we found that kind of coin, moroever if they are new projects, it's like a super bonus, right?
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BIT-BENDER
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July 10, 2022, 08:24:04 PM |
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This is my calculations to this your question if you are a millionaire before trying to invest in a coin the quicker you would get to millions from your investment, but if you aren’t a millionaire before now, then I don’t think you should be talking about being a millionaire i consider it as greed and this has dealt in the worse way to people here in Crypto-currency. So I would suggest if you focus on building your portfolio slowly, i only advice Bitcoin to people because it’s of lesser risk, but you can always do your research for other coins.
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Newlifebtc
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July 10, 2022, 08:26:03 PM |
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This question should go directly to the old users because when looking at it the coin that can make some rich is coin that start with 0.0000 and grow during the bullish time. Now Bitcoin is among of the coins that made people billionaire that first time it started but now Bitcoin is falling and it's the time both Bitcoin and altcoins will make someone billionaire because it is passing through difficult for the price and when it rise people who buy now will make profit
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The Cryptovator
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Crypto Casino and Sportsbook
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July 10, 2022, 08:38:29 PM |
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Shilling HEX? I think so. However, a lot of people become a millionaire and a lot of people went to the street for cryptocurrency. So only those people who suffer could explain how to choose a token. We aren't millionaires from crypto and we can't explain it well. One thing I know, don't expect too much, everyone's dram doesn't become true.
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RussiaUkraineTranslation
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July 20, 2022, 12:44:06 PM |
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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 didn't invest in HEX but those that did early became extremely wealthy. I'm not sure if that process repeated but HEX holders now will be able to claim a MAXX finance airdrop. The MAXX contract is an upgraded version of the HEX one with more utility and fixed staking rewards. It's the first self sustainable revenue generating tokenized CD managed by a DAO instead of insider whales like other projects.
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CottonEdwiin
Newbie
Offline
Activity: 59
Merit: 0
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July 20, 2022, 02:27:09 PM |
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Do you know about PunkPanda? These are new opportunities for everyone. One of them is PandaApp, a military-grade encrypted communications app built with the primary goal of protecting you and your content. That's what you need. And IDO will take place on July 29th!!!
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MarjorieZimmermanGinger
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July 20, 2022, 02:40:33 PM |
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The process of recognizing coins requires analysis, this cannot be determined by reason of having watched or viewing news channels alone. 1. Usually people find good coins based on potential value, meaning that the coin is already strong enough to invest. 2. Trust in the project based on previous experience, they can grow slowly and have a steady increase to the market reaction. 3. Holding and trading coins is an investment step that we must do, based on observing coins that are worth buying and determining when to sell them, usually we buy at low prices and then sell them at high prices, but most importantly we hold potential coins which is good and has improvements.
These three things are what people consider when making investments, at least this is what I continue to practice until now
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inanilujimi
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July 20, 2022, 03:41:21 PM |
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Honestly maybe I'll be a millionaire when I buy a doge in 2019 and sell it at ATH, but sadly that's not the case. Crypto is indeed unpredictable where it will go, the more money I hold on the investment, the easier it is to be tempted by the benefits. It's hard to be a millionaire if you don't have a strong mentality.
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erep
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July 20, 2022, 03:49:28 PM |
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snip Btw, I bought XRP when it was experiencing a drastic drop when having problems with SEC, holding them for several months. After passing the FUD, it was very nice to see the price increase and get lehgit profits.
You have risked high risk investment to buy XRP coin because SEC case problem there is no concrete solution to solve it and XRP price could fall if SEC wins lawsuit, but XRP holders are struggling to get XRP trust in market because issues with SEC have hindered price recovery but many other coins increase following the price of Bitcoin.
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goaldigger
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July 20, 2022, 08:58:13 PM |
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Honestly maybe I'll be a millionaire when I buy a doge in 2019 and sell it at ATH, but sadly that's not the case. Crypto is indeed unpredictable where it will go, the more money I hold on the investment, the easier it is to be tempted by the benefits. It's hard to be a millionaire if you don't have a strong mentality.
It’s hard if you don’t have extra money to invest here in the market but of course its still possible. I also missed a lot of opportunities because of lack of funds and If I was able to buy those meme token as well before, maybe I’m a millionaire now. Though looking at my previous transactions, I think I’m slowly getting there its just that, I spend those money already.
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