how much would someone need in Crypto this bear run to become a millionaire?

[YellowSwap]

It's depends on how much you own, assuming you have 1000$ to risk you can split that into 4 different altcoins with a good utility like Matic, Kadena, algorand and Gala games, these projects can still give you 8x to 10x each.

[JoyMarsha]

I think the most important if someone is investing in crypto is all about consistency. You'll get into being a millionaire if you're consistent in investing.

There's a need for you to realize that even you've got the calculations on how much you need to become a millionaire for you to invest, you need to remember that the crypto market has always been volatile.

Correct. Consistency is the key. Invest in the right altcoin and be taking out your profit slowly. Little by little your profits will be accumulating to thousands of dollars. By the end of the year, if you calculate your profits, you will find out that you have made big profits from the investments of the year.

To be a millionaire in crypto comes with intellect, it doesn't come if you didn't apply wisdom to it

[ANSEL_2.0]

Invest only what you can afford to lose, in crypto space it doesn't matter how much you investing, even a 50$ investment can easily turn to 300$ so do only what you are willing to lose, and avoid being greedy.

[Morningstarr]

I don't know why everyone wants to become a millionaire. There is nothing wrong with becoming a millionaire but if you go for it with a plan the risk can be reduced significantly. Long jumps are also more risky. First of all, the capital should be that which you don't need, if there is a loss, you don't care, so the amount should be less, Then you can increase it gradually by following the target and whenever there is a profit fifty percent of it should be withdrawn from the investment. If this happens, the chances of risk are also less and you will be in profit despite the loss.

[AmoreJaz]

realistically speaking, no one would know which coins will pump hard after the bear run. but much better if you invest in rock solid coins like btc, eth, or bnb.

Invest only what you can afford to lose, in crypto space it doesn't matter how much you investing, even a 50$ investment can easily turn to 300$ so do only what you are willing to lose, and avoid being greedy.

some people are aiming to become an instant millionaire, but that's not gonna happen for all. you will be lucky if your investments will give you positive profits after holding it long time.

[wxa7115]

Diversification is not really a strategy to increase profits, diversifying your assets is done as a way to protect yourself form losing too much money in the case one of your assets went down hard.

If your goal is to make money then you need to do the opposite, which is to concentrate your capital in just a few assets and in that way increase your profits when those assets go up in value, however as you may guess this strategy entails a bigger risk and it is not appropriate for everyone.

I do agree that diversification is a great method to make sure you do not lose all of your money. But, when you do that in crypto, it is not the same because if X coin goes down, and the market goes down, then Y coin will go down too and you would be standing there with absolutely no protection.

Diversification should be about industry, methods and things. It means, if you want to invest into stocks, do not have more than 10% of your portfolio in just one industry, and do not have more than 5% on any stock. If you want to, you could diversify as gold, stocks, bonds, crypto that way you would have 25% in all of them. When market is bad like these days though, even that won't save you too much.

And you are correct, those which try to diversify exclusively using this market are not really diversifying their capital at all, because as we know almost all the market has a positive correlation with bitcoin, which means that when bitcoin goes down those coins go down with it as well.

In order to achieve a decent level of diversification then our capital needs to be invested in different markets, to the ones you mention I will add real estate, collectibles like art and commodities as good markets in which you could diversify your investments, however if your goal is to make as much profits as you can then this market is a good choice in which to concentrate the majority of your money.

[Frengki_cisco]

I know it depends and one alt that pulls a Shiba could mean a small amount. I guess I’m just figuring a general BTC ETH type investment and maybe other higher-ranked Alts.

It's a good choice, shiba can't promise for any profit in investment, i also believe high-ranked Altcoins to be a choice BTC, ETH a good decision.

I hope that in the future there will be a good change for the new ATH for me to invest.

[BobK71]

Now the bearish market is running, ‍at this moment any investment may not be visible to us. But when it comes to bull market even small investment can give us big amount of return which is possible only in this crypto. So not $50K or $10K but I would say if one invests less than that and invests in a potential project then it is possible to get good returns. In this case, some expert say that it would be more worthy to invest in a few potential coins maximum $100.