Becoming a crypto millionaire or not seems to be a goal for many people of our generation. It's a fact and the videos on YouTube remind us how it's getting easier and easier. So a crypto millionaire also appears to be a goal and there are so many people who have become rich with cryptocurrencies that it ultimately becomes relatively very accessible…
So, certainly the title is seductive…but we did it on purpose, don’t worry. In fact, it's not just to make a putaclic title. No, we really want to answer the question that torments us all: Can you really become a millionaire (today) in bitcoin?
Likewise, with 1000 euros, is it really playable and reasonable to think that you are going to become a millionaire in bitcoin? Or is it an outdated dream since bitcoin reached the peak of $10,000…
In fact, here, we are less interested in the cryptocurrencies that will rise than in the general state of mind that one must have to bet well on the good cryptocurrencies.
Because in fact, the answer to whether it is still possible to become a crypto millionaire is simply: yes, by betting on the right cryptocurrencies.
Perhaps you are already disappointed by this answer, because you were expecting a magical strategy? A ready-made answer? A miraculous method which would explain to you how to become a millionaire by investing 100 or 1000 euros.
Well, don't be disappointed because even if there is no magic method, there are still small techniques that will teach you how to do it to invest in the right ICO.
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Chapter One: Investing in the “Good” ICOs
Every time a new technology appears, there is always a new world and new businesses being created. As a result, wealth is created. Remember the internet and all those startups that generated millions during fundraising. It was already crazy at the time that little guys barely out of university could raise so many millions for simple websites.
We must not forget that before, we had to go through the traditional system of banks and investment funds to hope to accumulate so much money. Furthermore, the procedure was long and difficult and in reality, only a few initiates of good descent could hope for it. Or fighters specific to the American dream. Just understand that it was still an obstacle course to raise funds.
Become a millionaire? It was definitely a fight with the devil.
Now, and this is certainly why blockchain technology is even more fabulous than the others: it is accessible to everyone. The less fortunate can finally access the capital of a company. It is by participating in an ICO that the investor will no longer have "equity" of the company, but an equivalent form via tokens. It is equivalent in idea.
No, it's not too late to invest in crypto!
And, if you thought you had already missed the crypto bandwagon, rest assured. It's not too late at all! So, basically, it’s not too much to become a crypto millionaire…Yes, it seems that it’s still possible! It’s a great time to actually invest. Indeed, now, we are more aware of ICOs and cryptocurrencies. Mass adoption has not yet happened and the next great cryptocurrencies are just being born.
We can even say that in a few years, it is very likely that the value of the cryptocurrencies you currently own will explode.
Examples of past ICOs that made their holders millionaires:
Ethereum – ICO launched on July 22, 2014
ETH price during ICO: 0,311 USD
Current value: $116
% Gain: + 37199% (this was even greater when Ethereum was worth $900)
Basically, if you had invested 1000 euros in Ethereum 4 years ago, you could have made 2 MILLION dollars today. This is how some people became crypto millionaires.
There are several other ICO even more impressive. Really, and if you follow the current masternodes, you will see the crazy number of 4 or 5 digit ROIs!
When you think about it, it can hurt your heart. If you hadn't gone on a trip that year, in 2014, and you had invested in Ethereum, you would simply be a millionaire. Yes, millionaire.
Once again, it's not too late. The most important thing now is to stop feeling remorseful. We must now move forward. And, more importantly, to sharpen your flair and intuition to identify and invest in the right ICOs.
Second chapter: Know how to become a good, smart investor
1. Understand the general operation
First of all, you need to at least understand what blockchain is. You will be better able to understand a project based on blockhain, CQFD.
Likewise, you will need to understand how to buy bitcoin but especially Ethereum. Indeed, most ICOs are based on the Ethereum blockchain. So, you should know how to create your Ethereum wallet and install MetaMask for greater security and ease of use.
We wrote a tutorial to help you create a MetaMask wallet. You will indeed need it to buy and store your ICO tokens.
You will store them until the tokens are listed on exchange platforms.
2. Follow ICO news
You can consult and follow ICO activities on several very well-informed sites like ICO Watch and especially ICO Bench. Following the news will allow you to be more familiar with projects in general. After a while, you will very quickly be able to spot future gems, believe me.
3. Judge the necessity of a crypto.
As I said in issue 1, the most important element remains the usefulness of cryptocurrency. Do you really think the project needs a specific token? Above all, do you really think that this crypto will be widely used in the future?
But, this is not the only criterion you must observe. Look at the team, read the whitePaper and the advisors. Look at all the elements of the company to better judge its seriousness and stability.
After a short analysis, you will know very quickly
Here are some solid and profitable ICOs that I have selected for you:
Note: This is again not investment advice. This is simply my opinion.
- www.telco.in : Telco allows you to send money directly to a telephone number;,You can invest directly with Changelly, provided you have already created a TEL address on your Ethereum account on MetasMask For example. Tel token address is available here.
- www.experty.io: It is a project where people can call experts in different fields. Experts are paid according to the time spent on the phone. So, you can call a lawyer for a specific question and automatically pay them based on the number of minutes spent with them on the phone. Here is the address of the token on Etherscan if you want to buy some.
Chapter 3: investing in an ICO concretely
- Only invest in an ICO after thoroughly researching the project. Watch the team and above all assess the true usefulness of cryptocurrency. If you had to choose just one indicator, it would be this one, without hesitation.
- Once you earn profits after a few months, withdraw half of the invested capital and let it grow and grow and grow. Yes, here, you will have to be patient to achieve an even greater gain in the end.
- The amount you withdrew must not be spent either. You will once again have to invest in another ICO project which will seem very profitable to you.
Repeat this operation as often as your capital allows you. It’s definitely a good way to become a millionaire…
You will see, there will be a day when your capital will be multiplied by x (how much?) and you will perhaps come and thank me, who knows?
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