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

[feeling sound]

Realistically how much would someone need in Crypto this bear run to become a millionaire aide next bull run?



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.

Assuming we break ATHs again and maybe even clear above a $100k BTC how much money should someone try and get in during this bear/sideways market now?

I’m afraid you would still need like $50k or more to make that kind of money and I do not make enough money to hit that goal within the year...but I’m hopeful maybe $10k could make at least six figures as that seems more realistic for many people here.

What are your stacks like? Goals? Any thoughts?

[GreatArkansas]

(.....)
What are your stacks like? Goals? Any thoughts?

For me, it's not about how much or it's not about the size. Another way how to become a millionaire, it's not easy. You may need to gamble here, high risk high reward. There is some project with a still low market cap or new projects that are not yet pumped but you need to be careful and accept the risk here. One of the example before about meme coins where most of them are shitcoins and no use but when they pumped, too much and lot of people earned huge profits.

[cryptoaddictchie]

It depends on the project that they bought. Volatility of each project is unknown but there are some in the past who only need a $20 to $100 to become a millionaire based on the gains of the project. Example of that is shiba inu. In our local community, there are some who really become millionaire for such value of their holdings due to massive gain it bring which even them cant believe it themselves.

[terciduk123]

Sometimes a person can be lucky to get a million USD with capital as little as tens of thousands or thousands of USD. - I say a little because compared to a million USD-
But in my personal opinion to get one million USD requires a capital of 100 thousand USD, it is more realistic, because in bear market times like this, if we buy the right coins we can get 10 times profit, Due to price increases from bear market time to market bulls can increase 10 times or even more.

[Bttzed03]

~ I’m afraid you would still need like $50k or more to make that kind of money and I do not make enough money to hit that goal within the year...but I’m hopeful maybe $10k could make at least six figures as that seems more realistic for many people here.

Let's use BNB for as an example to be specific.

Current Price: $288
Potential growth in the next cycle: 10X or $2,880 (assumption only)

^ You'll end up with $100K if you buy BNB now with $10K capital and hold for the next two to three years ($500K with $50K capital). It's not a bad number if you want to bet with lower risk assets.

You can choose other coins/tokens lower than BNB but still with a decent marketcap and a healthy ecosystem. If you want, you can slowly accumulate and then let it sit in your wallets or let them grow in staking platforms like mycointainer.

[DanWalker]

For the top project, if you want to generate six-figure returns from your investments, you would need quite a bit of capital as most of the projects will grow, but there won't be any spikes in growth.

To become a millionaire with new projects with little capital you have to take risks, the chance of increasing from x100 or x1000 is very possible with new coins but they can also die or disappear, you have to trade risk to get high return. It all depends on the project you choose.

[X-ray]

This can't be determined accurately. Honestly it's not about how much you have been investing in the token. It's about how good you can get a potential token or coin. The more money invested and it doesn't mean you will get more chance to achieve it easily. Even people with 10k USD can also become a millionaire easily as long as this guy can get the right investment. You must also aware if the fact that how much your money didn't matter a lot but it's like about how good you are picking the right coin.
Try to pick what your coin is and started to think about how far it will be going on before try to determine how much money needed to invest to become millionaire.

[PrivacyG]

You need a pretty decent capital if you want to make this much money out of this bear run.  I would say a couple dozen thousands of dollars at the very least.  This is realistically speaking, because if we want to imagine things, we can.  But just think how easy it would be if $10k would bring you a million.  Might have been easy in the past halving cycles, but it does seem to get more and more difficult in time.

What is even more difficult is selling at the top.  You get $10k worth of Bitcoin today, which gets you about half a Bitcoin.  Say Bitcoin goes to $50k, then $150k and suddenly $500k.  Do you think you will sell Bitcoin closer to $500k or to $50k?  Only very few people get to sell at the top, so while on paper it sounds like an insane investment, how many really get to the top is a big question mark.

-
Regards,
PrivacyG

[Yaunfitda]

Of course, still goes on how much capital you are going to invest initially. But since the price is just $20k already, might be good if you have like half of it and then just invest and hold it till the next bull run.

But for those early adopters, I doubt it, I mean they have been investing when bitcoin was maybe like $10-$100.00 in price. So they obviously doesn't need huge capital. But they really have that mentally to hold it for so long to be able to just made a huge profit and become a crypto millionaire.

[Jawhead999]

To achieve $1 Million by investing Bitcoin, you need around at least $200K since if Bitcoin made new ATH at $100K, it mean the price already 5x times more higher from your beginning capital.

If you want to achieve $1 Million by just using $10K, then you need to be patient since you need to wait the Bitcoin price x100 times more higher than the current price e.g. $2 Million.

Don't think to made instant profit, you can just do DCA-ing to buy every dip of Bitcoin until you reach $1 Million.

[jossiel]

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.

[Kelvinid]

If you can afford to invest $100k worth of Bitcoin or ETH, you are likely making a way to become a millionaire someday. However, it was a question also to follow if you can also afford to wait for the next bull season.

Thinking about becoming a millionaire isn't naturally a joke, this can be real if we can afford to risk more. But because only a few people can afford to do it that is why this could be just a dream for many people. I urge you not but still keep on your limitations and ONLY invest the money that we can afford to lose in our hands.

[bitbollo]

I believe that in the long term, 30-50 years we will all be millionaires even with a fraction of bitcoin or with some shitcoin.
But at the same time due to inflation, in practice, it will be just a normal amount of money and nothing else. 

Nowadays becoming a millionaire with crypto currencies is a kind of myth unless you have some absurd luck like buying an unknown crypto coin that has a huge exploit ... but even there, the risk of losing a lot of money is much much higher then earn this huge amount of money.

Actually I am focusing on two aspects that I consider priceless: happiness and free time. everything else is secondary...

[BAGOBO]

To achieve $1 Million by investing Bitcoin, you need around at least $200K since if Bitcoin made new ATH at $100K, it mean the price already 5x times more higher from your beginning capital.

If you want to achieve $1 Million by just using $10K, then you need to be patient since you need to wait the Bitcoin price x100 times more higher than the current price e.g. $2 Million.

Don't think to made instant profit, you can just do DCA-ing to buy every dip of Bitcoin until you reach $1 Million.

The initial $10k fund won't reach $1 million, I think the OP is too ambitious to reach the impossible target in the future, maybe he should lower the target to $100k it might be realistic to achieve when BTC will hit ATH.

I agree with your opinion, currently the price of the top coins has decreased significantly during the bear market but we should use the DCA method to minimize losses, I apply 3 parts to buy when price signifies recovery, when price stabilizes and buy more when price is lower.

[DeathAngel]

10BTC will make you a millionaire in the next bull run.
Something like 145 ETH will make you a millionaire in the next bull run. Various shitcoins will perform very well but I can’t provide an educated guess on which ones & how many you’ll need as they’re such a lottery.

[Victorik]

That's the problem with most of you newbie- you want to be an overnight millionaire. That's why y'all always end up falling for a scam.
How can you be asking this kind of a question.
Seriously?

[len01]

Assuming we break ATHs again and maybe even clear above a $100k BTC how much money should someone try and get in during this bear/sideways market now?

questions like this really don't need to be asked because an investor who wants to invest in crypto will not talk about how much money they have to spend to invest in bitcoin or altcoins. and i myself have never calculated how much money i have to invest in some coins to get rich.
what i know now is to continue to buy bitcoins or altcoins regardless of the amount in the future you will become a millionaire

[Zulkifli BI]

To become a millionaire in the future is unpredictable and there is no benchmark must have great assets. maybe you can become a millionaire with only $ 100 capital. Case in point is Dogecoin. how many people have become millionaires because they only hold Dogecoin with small capital. The crypto space is very difficult to predict, the most important thing is that we know how to choose the best altcoin in the future.

[shinratensei_]

I think it gonna requires at least hundred thousand of dollars to make you millionaire once the bullish finally comes into action.
after all we're really not that far off from the ATH and for getting good return of investments that could make you a millionaire, bigger capital is needed as usual.
it's kinda normal though since if you want to become a millionaire with relatively low capital, new alts is the way but then again you have bigger chance of losing your investment in the long run.

[darewaller]

Considering 10x is quite realistic for bitcoin, I have to say about 100k. If you have 5 bitcoins today, when the price goes up in 2024 or 2025 a lot (after halving) then we are going to end up with a good return on that for sure. Doesn't mean that we should be quite happy with what we have right now, but it does mean that 5 bitcoin is not something many people have. How about we turn that into two cycles then? Have 10k right now, and 100k next bull run and 1 million on the one after that? It is just under 10 years and could definitely happen. Or how about we do something like constant income, how?

Well, you put more and more money in during this period, making it cut shorter, because you can buy bitcoin more than once.