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RE: What percentage should you invest in each cryptocurrency to become a millionaire? A guaranteed winning strategy (updated 8/19/2017)
Lets say my payjob is 1000 dollar per month and I only have 300 dollar to invest, ill need to buy until 140k which will take me approx 38 years to achieve that!!! Well my salary will increase ofc in those years so around 30 years... Hmm this is practically possible and should only be plan c or d never plan A to be a millionaire. 30 years still a big risk to take since the coins are constantly rebranding, changing their operating system and etc. Coins that you hold might not be valid anymore. Just my 2cents..
It is good idea to invest in crypto currency but you should know your limits, if you are lucky you will make money.
RULE OF THUMB - "Always invest amount of money that you can afford to lose".
You can't predict future so try to avoid speculations that you will invest 300$ every month to become a millionaire some day, ultimately, you will end up thriving to become a millionaire without knowing whether you will ever become one or not. It is better enjoy your present i.e. earn your daily bread and some beer :) and enjoy with your loved ones.
You can even become millionaire with 12$ if your destined to, read https://www.cnbc.com/2017/06/20/bitcoin-millionaire-erik-finman-says-going-to-college-isnt-worth-it.html
I cant agree no more. With all the money in the world without the loved ones. Life is still meaningless. Thanks for advice! Loving steemit community!
Just think about this: Over the years some coins will increase 1000x, most will drop to zero. Even if you don't reach the millionth of supply you'll do as best as you could with the least risk.
Oh so you're saying I might be millionaire even though I don't reach that millionth of supply? Are there any tested result out there? I don't mean to confront you, by the way, I just like educational and honest conversation. Sorry for being too direct.
The millionth of supply is just a goal to avoid over-investing and secure a place among the elite holders of the top coins.
I see. I guess this is the safest and proven way to be millionaire :D
http://www.businessinsider.com/how-i-became-a-millionaire-by-30-2014-11?international=true&r=US&IR=T
Those work too but keep in mind this crypto revolution will only happen once in your lifetime.