BECOME A MILLIONAIRE OPEN PROJECT: Turn 100$ into a true life. (0/100 COMPLETED)

[Askenaz]

Also watching.

As others have pointed out though, winning 14 times in a row is pretty hard, you should plan for more than 14 trades and pull out a bit if you would get a lucky streak. Say you get 6 initial wins, which would put you at $6,400 take half off the table and resume. This strategy would take a few more trades overall, but if you get wiped out in a bad move, you are still ahead.

Myself, I have used the trade until doubled and take 25% rule. For instance, you initially risk the entire $100 until you hit your first doubling of $200, then take 25% of it off the table, or $50. Going forward you then risk the remaining $150 until you double it to $300, and again take 25% in this case $75. After this second doubling you are left with $225 to risk, but already have your initial investment back and still ahead ($125) and risking basically profit going forward. Keeping this strategy g would mean 20 doubling's, which would put your balances at $500,000 in the bank and $500,000 to keep playing if you wanted. Note I use the term doubling rather than trades, as it is unlikely you will be able to double in one trade, especially as your balances grow. It may take several trades winners and losers, but the goal is still the doubling and only at that point do you siphon a bit of the winnings off the table.

I have yet to become a millionaire using this method, but overall I am quite ahead of where I would be without it.

Thanks Number6. Maybe in a year my mentality will change, but right now the MM plan is to reinvest always. I will get back my 100$ at some point, but the rest is gonna be to reinvest until 14, no matter the size is.

This speculation forum is such a shithole these days.

Find a job you like, work hard, and save. Gambling is an expensive (and sometimes dangerously addictive) form of entertainment, not a way to make money.

 Daytrading is a less fun, more stressful version of gambling with even worse odds (unless you are in the top few % of competence, which you aren't. Don't worry, I'm not either, and I was a math ace in college)

100X as a math ace, you should know everything about probabilities. I'm just saying that right now probabilities of getting my objective are much higher than 1/16384. This is not gambling in my country friend

[marvinrouge]

This speculation forum is such a shithole these days.

Find a job you like, work hard, and save. Gambling is an expensive (and sometimes dangerously addictive) form of entertainment, not a way to make money.

 Daytrading is a less fun, more stressful version of gambling with even worse odds (unless you are in the top few % of competence, which you aren't. Don't worry, I'm not either, and I was a math ace in college)

100X as a math ace, you should know everything about probabilities. I'm just saying that right now probabilities of getting my objective are much higher than 1/16384. This is not gambling in my country friend

This IS gambling. What makes you think you have more than 1/16384 probabilities to win 14 in a row without experience ? IMHO you have less than one in a million but I'm not math ace  
You can try your way but anyone has more chance to win in a casino than successfully trading without experience. And your posts show more inexperience than competence.

Anyway, if you only lose $100 it's not the end of the game for you, it's not like others who bet their house.
And I'm curious to see your trades.

[asdlolciterquit]

It's 3 January 2015. I'm just a poor college guy, whos working hard at 5$ hour to pay an useless career. To be sincere, I have always get easily the objectives I purposed. I'm only 19, so the objectives have been basically good grades, good girls, good drugs, you know, just soft things.

Nevertheless, this year, while working hard at 5$ hour, I realized that I don't want this life. Simply, being a worker does not compensate me. Get always the same wage, do always the same useless job, having to obey retarded "high qualified" workers, you know what I mean. Maybe I look arrogant and prepotent, but worker jobs have to be done by "animal" minds. Me, and people like me, have deeper objectives in life.


Going to what matters: I will turn my 100$ bill into a millions of them, and I will give anyone the opportunity to do it with their 100$ bill.  
  
The process will be very simple: I'm going to double my investiment 14 times in a row, reinvesting it every time. Mathematics are clear: 2^14=16384   16384 is a sufficient multiplier, or not?

Theoretically, I only have 1 opportunity of 16384 to get the objective. Luckily, human behaviour is very far from random. I'm not lying, I've been involved in financial markets since I don't remember the age I had, I was too little. Charts simply fascinate me, even more than girls.

The fact is that, during 2014 I've been looking closely the cryptocoin show. Cryptocoins speculation reflect perfectly the common human behaviour, and they are VERY EASY to trade. I'm used to trade in nearly-random markets, and believe me, the opportunity in cryptocoins world is HUGE right now.

I will post ALL the trades and objectives, I won't stop until I double my 100$ 14 times. I don't know if this will take 1 year,5, or 10, but I'm sure I will get my objective and dedicate the rest of my life in doing things with MEANING.
 

I know that majority of you don't believe me right now (I wouldn't believe too), but for these ones who's got a big conscience: trust in me, I know what I'm doing.


All types of comments and questions are accepted.

Regards, Askenaz.  

don't you think that you are overrating yourself??

if become rich is so easy with cryptocoin, why don't we see this reach people?

[Thylacine]

This troll is incredulous he got so many legit responses to his obvious lolpost. Keep on keeping on Speculation.

[LOBSTER]

I will follow your "diary". It would be great if you make your dreams reality.

[ed_teech]

Post what you do here.

[sgk]

   
The process will be very simple: I'm going to double my investiment 14 times in a row, reinvesting it every time.

You do realize that in order for this to work, you will have to be perfectly right all 14 times.

But in order for this to NOT work, you will have to be wrong only 1 time - and that will take you back to Zero.

[neurotypical]

Mathematics are clear, and to double your investments 14 times in a row mathematics are not on your side, statistically.
Of course im watching and wish you luck. Im also a believer in Bitcoin going really high in 3-5 years after this crash. It's meant to happen.

[Ibistru]

This troll is incredulous he got so many legit responses to his obvious lolpost. Keep on keeping on Speculation.

You touched it with a needle!

[applesRyummy]

   
The process will be very simple: I'm going to double my investiment 14 times in a row, reinvesting it every time.

You do realize that in order for this to work, you will have to be perfectly right all 14 times.

But in order for this to NOT work, you will have to be wrong only 1 time - and that will take you back to Zero.

He didn't say that he was going to be gambling his money with 50:50 odds of winning. If you invest in a good business idea then it is possible to grow your money like this. The thing is that it takes a lot of hard work to achieve these kinds of returns.

[LOBSTER]

Mathematics are clear, and to double your investments 14 times in a row mathematics are not on your side, statistically.
Of course im watching and wish you luck. Im also a believer in Bitcoin going really high in 3-5 years after this crash. It's meant to happen.

Why not? Maybe also with DICE or so

[applesRyummy]

Mathematics are clear, and to double your investments 14 times in a row mathematics are not on your side, statistically.
Of course im watching and wish you luck. Im also a believer in Bitcoin going really high in 3-5 years after this crash. It's meant to happen.

Why not? Maybe also with DICE or so

To put into perspective what the chances are of doubling your money on a dice site would be when 14 times in a row (assuming no house edge):

1 win: 50% or 1/2
2 wins: 25% or 1/4
3 wins: 12.5% or 1/8
4 wins: 6.25% or 1/16
5 wins: 3.125% or 1/32
6 wins: 1.5625% or 1/64
7 wins: 0.78125 or 1/128
8 wins: 0.390625% or 1/256
9 wins: 0.1953125% or 1/512
10 wins: 0.09765625 or 1/1024
11 wins: 0.048828125% or 1/2048
12 wins: 0.0244140625% or 1/4096
13 wins: 0.01220703125% or 1/8092
14 wins: 0.006103515625% or 1/16384

If you are trying to become a millionaire by gambling and starting with $100 then your chances of succeeding are less then 1% of 1%.....not very good

[Arv1e]

Cryptocoins are not "VERY EASY" to trade. Unless you are an insider scammer. Sorry to burst your bubble.

Well thats a load of rubbish.. i chose to buy into btc in the summer once i had done some research.. within 7 days i had opened, and verified 4 trading exchange accounts. i accept that it takes me 3 days to deposit funds but the money is there now so all i do is leave my wealth on the uk exchange and transfer the btc i wish to trade with to china and tradr, instantly, Simples.

If i can do that then its Fucking easy!!!!

[Arv1e]

So all you need to do is believe the value will increase in a nice roller coaster fashion to about 3000 in 3 years and sell about 6 times on the peak and buy back in on the trough and ensure the buy back price is 50% or less than the previous sell price,


So this guy must be using the crystal ball method...I want your Crystal ball as i only need to that 3 times between now and the price hitting 1000...If i get it wrong i could also devalue my investment by half.... 

[Askenaz]

Just put a 100$ buy order at 220$/BTC. Sure the price will fall more, 120-150$ should be the bottom, but 220 it's ok for my objective. I strongly believe in 10.000$ in two or three years. The reason is simple: exists a better "thing" to speculate in the world at those times? NO. Maybe a 3.7 Bn $ capitalization seems a lot, but think about shitbook, it has more than 200 Bn$. How can you compare Bitcoin phenomenom with a shit like that. It's obvious that bitcoin is so undervaluated, and I think it's because of the difficulties to get in. Just wait for a serious and fast bitcoin exchange, and the value of bitcoin will explode.

By the way, today sold all assets I got with a final profit of +130% in three years. Seems that Wall St has serious difficulties to find new money , so I will be out until it drops at least -30%. So I'm full cash right now, and I don't know what to do with it, any recomendation?

[farfiman]

good luck buying coins at 220

[bigtimespaghetti]

Just put a 100$ buy order at 220$/BTC. Sure the price will fall more, 120-150$ should be the bottom, but 220 it's ok for my objective. I strongly believe in 10.000$ in two or three years. The reason is simple: exists a better "thing" to speculate in the world at those times? NO. Maybe a 3.7 Bn $ capitalization seems a lot, but think about shitbook, it has more than 200 Bn$. How can you compare Bitcoin phenomenom with a shit like that. It's obvious that bitcoin is so undervaluated, and I think it's because of the difficulties to get in. Just wait for a serious and fast bitcoin exchange, and the value of bitcoin will explode.

By the way, today sold all assets I got with a final profit of +130% in three years. Seems that Wall St has serious difficulties to find new money , so I will be out until it drops at least -30%. So I'm full cash right now, and I don't know what to do with it, any recomendation?

My opinion is that from this price downward that silver is a good buy. I'm just some guy on the internet though "

[vlad12]

...I'm used to trade in nearly-random markets, and believe me, the opportunity...

But... you're still making $5 dollars an hour.

[Askenaz]

Hi everyone. Last week I decided to remove my buy order at 220$. The reason was the controled violence of the first drop below 300$. I got a bad feeling and decided to remove the order. To be sincere, I didn't expect this that's happening, Bitcoin was clearly determinated to get at actual levels, but not THIS WAY:




Forget about those sheeps of the forum. These drops are COORDINATED drops. It's not a panic drop. Someone in the industry wants to pull down the price, and this is what "scares" right now to me. In a normal situation, we would be very close to the bottom, but with this new variable, I seriously doubt it. Nothing is done for nothing, and this drop has been created for SOMETHING.

My plan has changed a little. I have already decided the 1st round trade altcoin, but right now the price is too high. Once it gets to my level, I will buy the bitcoins at any price and then trade the first round. I keep saying, don't worry about the actual situation, bitcoin will go to 10,000 in two or three years.

Regards, Askenaz.

[sgk]

Hi everyone. Last week I decided to remove my buy order at 220$. The reason was the controled violence of the first drop below 300$. I got a bad feeling and decided to remove the order. To be sincere, I didn't expect this that's happening, Bitcoin was clearly determinated to get at actual levels, but not THIS WAY:

<img>


Forget about those sheeps of the forum. These drops are COORDINATED drops. It's not a panic drop. Someone in the industry wants to pull down the price, and this is what "scares" right now to me. In a normal situation, we would be very close to the bottom, but with this new variable, I seriously doubt it. Nothing is done for nothing, and this drop has been created for SOMETHING.

My plan has changed a little. I have already decided the 1st round trade altcoin, but right now the price is too high. Once it gets to my level, I will buy the bitcoins at any price and then trade the first round. I keep saying, don't worry about the actual situation, bitcoin will go to 10,000 in two or three years.

Regards, Askenaz.

I was seriously waiting for you to respond on your $220 buy order. Glad to hear you didn't buy.

So how would you know the 'real bottom'?
How low do you think the price can go to be 'good for buying'?