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RE: The 12 month millionaire challenge: Can you handle it? ;)
It's a nice idea and I wish you the best of luck. The road isn't always smooth in crypto investing of course, but I do believe it has the potential to make everyone wealthy if they take the time to research the fundamentals of projects rather than looking for short term pumps with no substance. If you can get a good start, I think you'll have a decent chance because you'll be able to diversify your portfolio a little more.
Have you considered looking at ICOs? There are a fair few gems out there, and some of them have some incredible bonuses for pre-sale. Pick the right one, and you'll see much more than a x2 return for that month!
Upvoted, and following with interest.
Hi Phil! Absolutely, don't get me wrong I've been trading for a long time and ''get rich quick'' is not the way trading goes. while its certainly not the method I would usually go with. We have long term holdings in many crypto's and a nicely diversified portfolio as is. We just decided to have a play with some gains and put the $250 up to give it a go. We tried years ago and failed at month 2 but the difference is, we're looking for unleveraged ICO coins and low priced newly established coins that have a lot of room to grow but not much chance of dying out before they at least double. When we tried this before we were using leveraged equities which give you a very small stop loss and this ultimately wiped us out. Even if a coin takes longer to go than usual we will hold our position and our take profit order. If for example a stock jumps 200% we would only take half position off and hold 50% long term.
Were looking at the Storiqa ICO at the moment ;)
Ill do my best to keep this as exciting as possible, I imagine it will get quite a lot of interest if we can even almost pull this off!