Is there still a chance to become a millionaire trading cryptocurrencies?

in #bitcoin7 years ago

Yes, there is.

You can turn $1000 into $1M by doing the following:

doubling your money (100%) 10 times.
getting 10X and reinvesting your entire position 3 times (1K -> 10K -> 100K -> 1M)
getting 5X and reinvesting your entire position 5 times
getting 1000X returns
There is several other ways to do this.

The beautiful part about it is, there is more chances than ever. I see so many people that “wish” they bought BTC, LTC, and ETH at the beginning of the year, but fact of the matter is, there is many altcoins that have significantly outperformed them, and will continue to do so.

There is actually things that have gotten over 10,000% this year, while Bitcoin only got 1500%.

The majority of these returns are from investing in things very early, also known as small capitalization (<20M market cap) and micro capitalizations (<5M market cap).

I realized most of my returns came from early-market advantage in investing and I stopped most of my time day-trading and swing-trading and allocated it to scouting out smaller projects.

Here are Some things I look for in low-cap cryptocurrencies:

first to market ideas
great teams
good market penetration
unique idea
good whitepaper
real-world use
low circulating supply
overlooked
small market cap
bright roadmap
positive testnet / mainnet
listed on small exchanges
Some of my 2018 picks are $HUSH $SNOV $BRD $DNR $DBC $DRGN $ZRO $PHR $BNTY $LUX $MSP $RVT $SPHTX

I picked these in December and I’m over 500% up in average between these pairs.

I also made over 4000% in ZCL in 3 weeks, so yes, you can still be a crypto-millionaire, and it’s simpler than ever.

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