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

[worle1bm]

I think if you have billion dollars invested in some shitcoin in this market then definitely you will be a millionaire soon after they start going down and be sure to take out your money because it could end up to zero also

You need huge amount invested in the market in right coin to make you good amount of profits can't say about millionaire status as it take some time for it to grow seeing all the volatility but you can invest in some top altcoins if you wish to do so like SOL at this time and have strong development ahead but can't say about how much time it will take for you to reach desired target.

[Oasisman]

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

Realistically and practically, you will need to have at least $500k and put it in Bitcoin or ETH rather than any other alts.
$500k is a pretty huge sum of money so you gotta make sure you're putting your money where it has a lesser risk.
You will definitely going to make millions once Bitcoin will have another bullrun and hits another ATH.
That's, the realistic way of taking advantage of this current bear season.

[danherbias07]

This again. The high-speed chase to being a millionaire. You know there are a lot of members here that had been in the cryptocurrency industry but were never a millionaire. It's not because they are unlucky but they have the patience to wait.
It's not about how much you invest, it's about picking the right investment.
It can take longer, so what? As long as you are in a safer method. You could go high-risk like Shiba or other altcoins out there and yes, there's a slight chance to achieve the shortcut million-dollar jackpot but there's a high chance it won't and you lose it all.
Ask yourself first if you are ready to take that kind of risk because there's no going back once its done.

[bounceback]

Becoming a millionaire with a very risky investment is not an easy thing for us to get because basically the cryptocurrency market will not always move as we expect, so it really requires us to choose the right project to serve as an investment so as not to lose, see previous LUNA projects where many people believe that the project can make them millionaires but in reality almost everyone who invests with their LUNA has to suffer huge losses.

[btc78]

if you are preparing for long term meaning for at least buying  more in this bear market , investing that 50k to promising coin for the next halving such as Binance and ripple? and at least cardano and solana?

maybe those will save us from losing and bigger option to become millionaire , but always ready for sideways.

[icalical]

In my opinion it's not all about money, I mean your capital is definitely matter, but to gain some significant profit, it also depend on how much time you are willing to invest and how much knowledge you already get about crypto. If you know a lot and you are willing to invest much time to do thorough research, even with less than half-million you can turn it into 1 Million. On the other hand, even if you got Millions of dollar capital but you do reckless investment in crypto, the punishment will be much harder, you might loss more than half of your asset value in single night.
Other factor is of course luck, and maybe what the 'whale' want to do.

[Questat]

Putting millions on a certain investment gives you such a level of returns as well. But figuring out how crypto investment multiplies your money during Bullrun even just having $100k as capital could possibly make you rich or might be a millionaire. However, it was a question then if you can really afford to do that and risk that amount. Because as to be practical, only rich people could afford to do that and earn more while these poor people did less and earn less.

If you have that capacity to invest more, your dreams come true otherwise.

[kensaii]

Another case of the Luna crash would be the best for anyone looking to be the next millionaire. Luna's price drops down to -99% then turn back at x80 if you brought in at the near bottom. Just in around 1 month for all of that to happen so anyone with like a grand to ten grand can be the next millionaire right away in a short time, provide he brought at the near bottom. I've seen many set in Luna too early, at 1 or 2 dollars price, and lost when it comes even lower, at less than a cent.

[virasisog]

if you're being realistic, you definitely needs a big capital in achieving that, after all becoming millionaire isn't that easy.
there is reason very few millionaire exists in this world because it's simply is hard in order to become millionaire.
if the next bullrun were to come , the more realistic increase would be 4 times of your initial investment, that already requires you have hundred of thousands of dollars as an initial investment.

Your chance of getting millions of profit will depend on the risk that you're willing to take. You need a huge capital plus the courage to hold it until the bull run approaches but that will surely take time so you must be patient. Just be sure that you're allocating your own funds on your investment and you're also willing to face the risk of losing it because there's still no assurance of profit in crypto so you must be ready for the possibilities.

[ryzaadit]

I don't think you need a lot money.

Because, we have future market and 2 direction price (Short/Buy). In-future we can get more profit rather than usual trading with not using a lot money. In LUNA tragedy could be taken as example.

If we short with huge margin even with a small money, you still get a good chunk. LUNA can be taken as example like "American Crisis in 2007/2008" one life time chance and people are shorting getting a thousand % profit.

[jaberwock]

if you are preparing for long term meaning for at least buying  more in this bear market , investing that 50k to promising coin for the next halving such as Binance and ripple? and at least cardano and solana?

maybe those will save us from losing and bigger option to become millionaire , but always ready for sideways.

Ripple? The one that didn't even break the 2018 all time high during the biggest run of crypto ever in 2021? I do not think that it would work that way. Maybe 50k would work because 20x in the next bull run is not impossible and it would probably get close somewhere there with many coins, but I wouldn't say it could possibly be ripple, it would probably be something else.

In the end, we are living life with an idea that if something is good then it is good all the time, it doesn't just suck for a while and then suddenly become good again because nothing good would suck that bad ever. This is my idea though, maybe I am wrong and it will have a good future.

[FirmWars]

You really can't predict it out, we have a reason for diversification and making more ROI is one of the reasons, the other is to lower risk of losing everything, I have someone who invested 1000$ in Matic years ago in 2020 and he made 270,000$, find good projects and stick with them.

[poodle63]

The bigger marketcap you have used it as investment and the bigger money is actually needed to make you become millionaire. The low marketcap means low amounts of money needed to make you become millioniare. The main point was on the marketcap of token.
If that has low marketcap and it can give you big money if you are only investing small amounts of money but otherwise it needs bunch of money if that has big marketcap

[Farma]

if the target is bitcoin, then it may take more than 20 bitcoins to become a millionaire on the next bull run. Assuming that bitcoin's future price is $50k, it's pretty clear that that's a low price given that bitcoin's ATH exceeds that price. however, by owning 20 bitcoins, you have reached $1 million. then, with this the target to become a millionaire in the next bull run has been achieved. if you want something more secure, then make more than that. if the bitcoin price has passed $50k, then it will be a huge addition for you, especially if you have more than 20 bitcoins. Yeah, but it's not something easy.

[kasunrandil]

it depends on what coins or tokens she or he holds.  all i know is enthusiasm  of meme coins is getting lower and lowr while people are looking to invest in great project for long term success . project such as polkadot and other major coins that runs on polkadot such as glmr , aca ,  astr are gonna ride the naxt wave of bull market by  rejecting enthusiasm  of bullshit coins and tokens. real utility will make millionaires. you can turn your $100 to a $1 million you are brave enough invest in right project. none of these are financial advices.

[uneng]

How further can the next bull run take bitcoin? Being conservative, 100,000$ looks a possible scenario in my opinion. When bitcoin hits a new ATH, the following one is much more expressive than the previous one.

I remember btc reached close to the 20,000$ mark in 2017 and in 2021 the next ATH reached close to 70,000$. If patterns existed on this market, I would say the new ATH should be around 200,000$.

In that scenario, an investor would need to acquire 100,000$ in btcs right now to prepare himself for that hypothetical bull run, in order to achieve the goal of becoming a millionaire.

[wxa7115]

You really can't predict it out, we have a reason for diversification and making more ROI is one of the reasons, the other is to lower risk of losing everything, I have someone who invested 1000$ in Matic years ago in 2020 and he made 270,000$, find good projects and stick with them.

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.

[justdimin]

You really can't predict it out, we have a reason for diversification and making more ROI is one of the reasons, the other is to lower risk of losing everything, I have someone who invested 1000$ in Matic years ago in 2020 and he made 270,000$, find good projects and stick with them.

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.

[S3300]

A 100$ in a few projects years back turned 10,000$, yes you heard me right, the trick is getting into the projects faster than others, find a project that haven't been recognised yet and they plan on fixing problems affecting other projects, for example Saito, high risk higher gains.

[dimonstration]

A 100$ in a few projects years back turned 10,000$, yes you heard me right, the trick is getting into the projects faster than others, find a project that haven't been recognised yet and they plan on fixing problems affecting other projects, for example Saito, high risk higher gains.

This is a very risky plan because there's a huge difference between now and then on the number project existing in both time period. Thousands of shitcoin and decent project being introduced in daily basis that will increase the difficulty for a certain project that you are trying point out to get the spotlight. The competition is tough nowadays and the chance that you being stuck on useless tokens is high if you are chasing on project that has problem even though they have plans on fixing it.

Investing on IDO with blue chip project is the easiest way to get a quick profit and get the early advantage. The only problem was most of the launchpad requires huge amount of there utility tokens to hold before you can purchase piece of this startup tokens. It's worth it than the method you are suggesting.