Become a Crypto Millionaire with this investing strategy app
Hello my fellow Steemians and Crypto Investors,
It’s official! The Crypto Millionaire investing app is now ready and successfully published at Google Play! It was approved and published by Google on the same day the Bitcoin futures were launched by CBOE in Wall Street, a lucky coincidence!
The app helps you create a balanced portfolio that holds the millionth of supply of the top crypto currencies by market cap.
The strategy is based on a combination of passive indexing (recommended and followed by investing legends Warren Buffet and Benjamin Graham) and the new “Millionth of Supply” investing strategy targeted to crypto currencies (popularized by Adam Meister of the Bitcoin Meister @bitcoinmeister Youtube channel at https://www.youtube.com/channel/UCsqKbe0_9D9gO48DeuDjbCg).
The goal of this strategy is to own a millionth of the supply of each of the top coins by market cap. This way you guarantee that if any of them succeeds in the future you will be part of the elite, the top 0.1 percenters and millionaires of the future. If any of the top coins (or some of them) succeed(s) and become(s) a widely used reserve currency you will be guaranteed to own a millionth of its supply.
- More about this investing strategy in detail bellow and at : What percentage should you invest in each coin to become a multi-millionaire? A winning index strategy
You can start investing with very little money every month, or buy the top coin’s millionth of supply right away. Either way you’ll be happy you did as good as possible without the stress of active investing, the FUD and FOMO so typical in this field.
Unless all coins fail, which is highly unlikely, you will very likely become a crypto millionaire by following this investing strategy with your disposable income (ONLY).
The app is free to use, however, it has non-obstructive ads to provide a bit of support to the work of the programmers who created it, with lots of crypto love, from Cuba and Miami.
Especial thanks to @bitcoinmeister, @taskmaster4450 and @gold84 for their kind comments, encouragement and suggestions that made this app possible.
Notes:
App pricing information feeds from CoinMarketCap.com’s API. To refresh swipe from the top.
This is not professional investment advice. I'm not your financial advisor. All investments carry a degree of risk. Only invest money you can afford to lose! Do NOT go into debt to invest.
This app DOES NOT collect or transmit to the internet any portfolio information. All portfolio data entered in the app can be entirely made up for education purposes and changed at will anytime.
What percentage should you invest in each coin to become a multi-millionaire? A winning index strategy
Investing in crypto is becoming a safer bet each year as Bitcoin and altcoins get older, improved and better established. We are still in the very early days of crypto and the opportunity to strike it rich is well within reach of most people, provided they have access to the internet, modern banking and a little disposable income. However, for most new investors coming into the crypto space deciding which coins to invest in and how much is a very complicated issue.
There’s so many of them, so much information, high tech jargon and amazing promises that sound more like lies uttered by politicians than from the nerdy developers that are pitching them. Every new coin is hyped, packaged and sold like the next Amazon... However, despite all the hype and noise, we can now say with a high degree of certainty that some of them will make it big in the future, but which one(s)?
Interesting fact: All users of crypto currencies today represent less than 1% of the number of current Facebook users. More details
The reality is, no one knows, whoever tells you they do, they are flat out lying, fooling you and themselves. This market looks very much like the early car industry in the United States. Thousands of car brands appeared everywhere, a lot of them were very promising (remember the DeLorean?), but most eventually went bankrupt, only a few succeeded in the long run.
So, how do I know which coins will succeed?
The simple answer is you DON’T. Trying to pick winners is very dangerous game that most people lose, those who don’t are demonstrably just plain lucky and end up losing everything the next time they bet big. The strategy that I’m introducing guarantees the winners come to you, rather than you pick them up.
How much money should I put in each?
This is a huge conundrum for most investors. With so many coins available and limited disposable income to invest it’s hard to distribute the funds in a sensible way.
Introducing the Millionth of Supply Passive Indexing strategy:
The following spreadsheet feeds from Coinmarketcap’s API and lists (or indexes) the top coins by market cap and daily trading volume. The coins at the top give you a pretty good idea of the current coins being favored by the market as of the day of publication of this post.
Download spreadsheet image showing USD value of millionth of supply and percentages to invest to own the top coins by market cap. Follow me @CryptoEagle for updates.
The goal of this strategy is to own a millionth of the supply of each of the top coins by market cap . This way you guarantee that if any of them succeeds in the future you will be part of the elite, the top 0.1 percenters and millionaires of the future. If any of the coins (or some of them) succeed(s) and become(s) a widely used reserve currency you will be guaranteed to own a millionth of its supply .
In columns T and U of the spreadsheet you'll find the percentage of funds you should invest based on market cap and the USD value of the millionth of supply of the coin. This is calculated by dividing the USD value of the millionth of supply by the total amount you should invest to own the top 10 or 20 coins.
It doesn’t matter if you invest $100 dollars every month or $100,000 at once, your goal will be to own the millionth of the supply of the top coins as soon as possible without spending any income that's not disposable to you . So, if for example, all you had is $100 dollars to invest monthly, you would invest this amount in each top coin according to the percentages shown, no more, no less. At the bottom of the columns is the total amount in USD you would invest to do this for the top 10 and 20 coins.
How rich will you be if you follow this strategy?
There are currently an estimated 10.5 trillion dollars in existence. If you owned a millionth of the supply of US dollars right now you would own about ten million five hundred thousand dollars!
In the United States alone, at end of 2016, there were 10.8 million millionaires, according to a study from Spectrem Group's Market Insights Report 2017.
Credit Suisse estimates there are about 35 million millionaires in the world (including all financial and nonfinancial wealth, such as assets, collectibles, and homes). If we compare this number to 21 million, the total number of Bitcoins that will ever exist, we can see that there won’t ever be enough Bitcoins in the world for every millionaire to even hold just one!
Also, this doesn’t account for the disruption of other industries such as remittances, Gold as a store of value and many other new uses of crypto currencies that we can’t even dream of today. As an example, if Bitcoin overtook just 5% of the market cap of Gold, a single bitcoin would be worth approximately $24,000 USD.
But, “introduce any crazy coin name here” is so great, the technology is amazing, so exciting. It’s the future, my guts tells me!
Yeah right, the market doesn’t care about your hunches, white paper promises, or all those great technologies that people sell as the best thing since Coca Cola. Nope, only market cap, volume and related network effect can tell you what coin will end up being favored by the market.
You must re-balance every once in a while
About every 3-6 months you should take a look at this index and re-balance it. Follow me for updates to this post. If any coins dropped in market cap sell them and re-invest the money on the top coins until you own the millionth of their supply. If there are new coins in the list you should invest in them until you reach the goal as well, no more (over invest), no less (under invest). If you don’t do this you are risking missing the upcoming coins and keep investing in the long term losers.
Don’t invest on coins that only briefly come to the top
(Especial thanks to @famunger for contributing to this point)
Even though the spreadsheet gives a pretty good idea of the top 4-5 coins, as you go down the list you will see, every once in a while, some temporarily overhyped coins that come up but can’t sustain their ranking and eventually crash. Only invest in coins that manage to maintain their ranking on the list for at least 3 months or more. Don’t fall victim to the Fear of Missing Out (FOMO) so typical in this world. Think of these coins as if they were the hot chick from high school that got away but later you find out she became an ugly fat blob...
Advantages of this strategy:
You will be almost 99% guaranteed to become a multimillionaire by owning the top coins the market finally ends up favoring. You will certainly sleep like a baby!
You can start investing with very limited funds and continue investing periodically. Even if you don't get to own the millionth supply of every top coin you'll be certain you did as best as you could with your limited resources.
You won't over or under-invest in any particular coin and thus keep risks at a minimum.
You’ll skip all the typical drama of investing in cryto. The Fear of Missing Out (FOMO), the Fear, Uncertainty and Doubt (FUD), the daily crashes, the pumps and dumps etc. will not rattle your nerves and send shivers down your spine every time they happen.
Disadvantages:
This is a boring, long term, no feelings involved, passive strategy, you will not have the adrenaline rushes and enjoy or suffer all the crypto drama. Picking winners is reduced to a simple to follow probabilities game.
There may be coins that gain 1000 percent in a few weeks that won’t show up in the index until their market cap grows to the top and which you will miss but, on the bright side, you’ll also miss the big losers, the suicide inducing and family wrecking crashes.
There’s still the slight possibility (the 1% chance) that the entire crypto world is a huge bubble that will never work, the Internet could come crashing down after an EMP attack or a meteorite could strike earth... In which case we are all screwed anyways and should worry more about food and bullets to fight the zombies...
CHECK OUT MY PREVIOUS POSTS:
"It's Been Dismal" - Gold Coin Sales Slump As 'Bugs' Bounce To Bitcoin
Bitcoin All-Time-High on Google Trends - 91% strong correlation with its price
Why China (or governments) can’t stop crypto
ETHEREUM’S RAIDEN VS BITCOIN’S LIGHTENING – What’s happening?
SEE THE CHARTS! Segwit progressing slow but already helping ease congestion in the Bitcoin network
Tell me what you think of this post in the comments below. This is not professional investment advise. I'm not your financial advisor. Only invest money you can afford to lose!
Follow me for updates news and commentary on "sane" crypto investing.
Happy crypto investing!
Hi @cryptoeagle where are you i am waiting for your posts.
Working my friend, working. I barely have any time to write but thanks for keeping up
in which work u busy sir
he mentioned below that he is working on updates of an app @ahmermalik
which app i like tje app development because i m also an app developer
good luck
ok so work hard and come back soon on steemit.
ohh really i was shocked that you are not posting for many days then i serach your previous posts see that comment and i know the story sir i will pray for u i really appreciate your posts.
stillll waitingg .......................................................................
we all are waiting sir can u give your wahtsaap number
i hope you will get back soon
Sensational add to the cryptoeagle app....it is awesome.
I see you got up to the top 200 coins and added another feature of where the token stands on a daily basis.
This is becoming a kick-ass app.
Hi there Taksmaster, I was just about to write to you to let you know first hand about yesterday night's update but you are way to fast haha :) I'm planning to write a post here about it but I barely have any time :( I'll try to write something over the week-end if the twins let me.
The app now has the top 200 coins with all their icons and detailed information on them, how many you need to buy to get to their millionth and other goodies. Next in line, price charts, it's a bit more complicated because I need to collect data for a while on my server to be able to have history but I'm getting there. Thanks for keeping up taskmaster! I know I'm kind of lost lately from Steemit, it's all work and the twins. My best regards
No problem my friend.
Yeah you arent about to sneak an update by my on your app....I am on it all the time. I might need to get to a therapist to handle my OCD about this....I am wearing a hole in the glass on my phone by swiping it so much each day. It is a great way to keep track of my holdings.
I am wondering, how hard would it be to add a plug in (or something) that allows people to add their own coins? While maybe not intertwined with the your millionaire strategy, perhaps it is can just be listed and part of the total account balance.
If you want, I will also write up a post about the updates...
Yep, I realized I can't sneak updates past you hehe. Adding coins is relatively easy but they have to be listed on Coinmarketcap. The problem is the more coins I add the slower refreshing becomes and more data is consumed for users. Do you have one in mind? How many would you say should be included?
Please do write about the update if you want, I don't care if you beat me to it haha ;) truth is I'm very short on time.
Yes I did notice the slowdown of late....I thought it was my crappy phone though.
I understand about having to keep the data steamlined....if not, we will end up with an app that will take a half hour to refresh.
As for how many included, that is iffy since it is a balance between providing the info people want and the speed of the data stream.
From a longer term perspective, it could be a dilemma. Right now there are roughly 1400 coins...we know a bunch of them will fail but there are also going to be a lot more in the future.
My questions is what happens if there are 15,000 coins out there in a couple years? I believe the world will be tokenized so people will be getting them from everywhere....
Is there a way to compress the data so that, over time, you could increase it to say 500?
I don't believe there will be 15,000 coins (that matter). However, the compression idea is worth exploring so I can increase the list to the top 1000 or so.
BTW: Take a look at this list, this is what I think will happen to crypto currencies, most will be extinct or irrelevant in a few years like it happened with car companies in the US: https://en.wikipedia.org/wiki/List_of_defunct_automobile_manufacturers_of_the_United_States
No doubt that many of the tokens on the list today are scams or people who got in over their heads. They, like you said, will fall away.
However, I view us rapidly moving towards a tokenized world where most everything is on the blockchain. There will be blockchains for everything and people will be incentivized in many different ways. The tokens that have a utility which puts it in people's hands, like STEEM, will have value. Now how many matter to each person is up to debate. But we will see them for all areas of online activity...and even a fair bit of offline as well. I believe, 5 years from now, people will be receiving 25-50 different tokens a month for things they do.
Even on this blockchain, we will soon see not only steem, but tokens for DTube, Zappl, and appics (and that is what we know about).
The centralized structures are going to keep feeling pressure from decentralized blockchains in all areas. I even read an article expanding upon what Estonia is doing terming it Country As A Service (CAAS).
Very interesting, maybe you are right and I'm getting old already and can't see this wonderful future yet. Makes sense, after all I'm looking back at history for similar things but the reality is this crypto phenomenon has never happened before so all analysis based on history are probably wrong. Did you hear this Warren Buffet? Haha regards
waiting for new post
looking for your next post we dont see u active for a month
Hi, I've been busy working on updates to my app and personal affairs. thanks
ok i hope all of your works will be ok in no time
when wiill u post a new post
plz can u upvote and resteem my post i need your support
https://steemit.com/steemit/@ahmermalik/why-failure-is-good-for-success
oh thats nice talk
thats going too late
@cryptoeagle this is a great initiative you had. You coded the app by yourself? Is it opensource?
Can it be downloaded in a desktop computer too? I happen not to use android, so was wondering if I can use it in the computer.
Thanks for this great contribution, and thanks for all your support with the 11 chapters full steemit guide.
Regards, @gold84
Awesome app! Will be great if you can show the total supply and circulating supply
how much percentage of your work is remaining and sir why the whole cryptocurrencies are going so down
Nice - good job! I will give it a try.
Resteemed for more attention. ; )
Thanks allyouneedtoknow, coming from someone with such a nickname means a lot since you know it all hehe ;) Thanks for the share!
Thanks for the shout out! I will mention this post on my show in about an hour or so. I also upvoted, resteemed this, and I am following you now. I am glad I helped inspire the one millionth strategy. :)
Thank you much Meister! I hope this app inspires people to invest in crypto with a plan to be part of the 21 club you've mentioned ;). I always listen to your shows for news and great ideas such as the one that inspired this app. Keep up the good work and sharing the knowledge! Will definitely listen to today's shows as soon as my Twins, (remember the Bitcoin twins?) give me a chance. regards
great job
sorry. I don't resteem in your post. please tell me whats wrong?