Realistically how much would be needed in Crypto to become a millionaire aide next bull run?
Realistically how much would be needed in Crypto 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? And thoughts?
Honestly if you had just invested in bitcoin you’d probably be better off.
No front running needed. No $250k to $0. Less stress.
I’ve been dcaing into about 10 different coins since 2017. I’ve put in close to $130k over the last 5 years. At the peak of the bull run my portfolio went to $2 million. I’m only at 1/4 of that now. Lots of luck required as some coins mooned more than others, $ADA being one of them. I was also in on $LUNA turning $10k to $250k then as you know, that bag went to 0. So yes, there is no clear cut and dry answer. Takes an enormous amount of luck and front running to make it in this space.
I can also tell you that 8/10 of my coins got to a quarter of a million at each of their peak. Not like it matters because I didn’t cash them out. They all peaked at different intervals so I couldn’t time this shit. Yes they are still much higher than when I bought them though.
The only advice I can give is that investing is a PvP game, stop relying on others to think for you and also stop thinking you can win together with everyone
BTC did roughly 18x from the lows of the previous bear cycle.
Assuming diminishing returns and being VERY generous with the next cycle, let’s say BTC goes up 15x in the next cycle. If we say 20k was the low which is still a generous assumption, that means the next bear run takes BTC to 300k.
That means to be a millionaire, you would need more than 3 BTC. Or that means you would needed to have bought 68k worth of BTC when it was at 20k.