Crypto Journey to $10M by March 2024

stepdub

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GM blackhatters. I’m writing this thread to document my journey, make myself accountable, and meet new friends in crypto.

$10M may sound like a ridiculous target, but I know people in real life who’ve hit similar numbers in crypto.


My strategy:
- For long term holds: Scout projects that have the potential to go 100X-1000X [two years], invest no more than 1% of total portfolio value in each, once they hit 2X take initial out and ride on the profit further, take profits regularly.
- For short term trading: Scout memecoins, gamefi projects etc with more than 2X potential in near term [upto a month], risk no more than 0.05% of total portfolio value in each trade, and no more than 3 trades at a time.

Here are some milestones I've set, and the dos/don’ts applied to each:

$5k
  • No stable coin farming [annual APY yields etc]
  • No LP farming
  • No BTC/ETH/SOL or any major cap coins/tokens
  • Focus on memecoins, GameFi, NFTs etc which have 10-30X potential

$50K
  • Treat it similar to a 5k portfolio with some tweaks.
  • 40% low caps, 30% LP farms [scout them by following whale wallets], 15% meme tokens/NFTs, 15% cash

$100k-500k
  • Holding some BTC/ETH makes sense now
  • Here, I gotta play both capital preservation and appreciation game.
  • Bringing down position sizes makes sense here.
  • Much easier than running with $5k. Why? Now smaller multiple returns (2-3x) can still make a measurable impact on my portfolio.

$500k+
  • Once I start getting to really life changing levels of capital, the name of the game is to keep it!
  • Will have at least $1m in lower risk stable farms with the goal to hit ~10% blended returns.
  • My goals will be very different at a $2-3m portfolio size, I only need to 4x my portfolio to hit 8 figures.
  • At this level I gotta be much more patient on almost everything I do, as the entries / exits matter more. (10% of a $1m position is $100k) vs. the smaller account sizes it doesn’t move the needle as much

I’ve accumulated a total of $93K in the last two years, with the combination of trading + investing + airdrop farming. So getting closer to the 3rd milestone bracket.

NOTE: This is my personal journey and not financial advice :)

LFG
 

Cewgg

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good luck I love these journeys with high goals. Everything is possible with crypto
 

thedorf

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Sounds like you have things well thought out. Great to hear you are close to the third bracket already.
 

YTPro

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I know whales maintaining huge teams of assistants on 3rd world countries just for airdrops. If your team's big enough and skills are right, It's definitely doable. Good Luck man
 

Misterpossible

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The Man, the myth, the legend

Welcome back with another journey you crushed you both journey, read everything to the end and I'm positive you'll crush this journey also.
 

pawwis22

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great idea, maybe you can create also some telegram channel so we can connect there with others blackhatters who wanna participate
 

Crypto Marketing

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Everything is possible in crypto and you already have good equity capital so it shouldn't be impossible to achieve your goal!

Wish you good luck on your journey!
 

Hi I am Mitu

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Good luck on your journey If you set up a group to review and discuss projects, be sure to include me.
 

VolcanoMan

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The days of buying crypto to hope someone comes along to pay more are gone. The only shot you have of hitting 10mm outside of randomly picking some shitcoin that moons is to make a blockchain business that provides actual value to someone somewhere.
 

Thematun

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You already have the Capital and plan necessary to achieve this big target. Best of luck!
 

stepdub

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Good luck and wish you good success

good luck I love these journeys with high goals. Everything is possible with crypto

Sounds like you have things well thought out. Great to hear you are close to the third bracket already.

The Man, the myth, the legend

Welcome back with another journey you crushed you both journey, read everything to the end and I'm positive you'll crush this journey also.

following. Goodluck with the journey :)

Everything is possible in crypto and you already have good equity capital so it shouldn't be impossible to achieve your goal!

Wish you good luck on your journey!

Good luck on your journey If you set up a group to review and discuss projects, be sure to include me.

You already have the Capital and plan necessary to achieve this big target. Best of luck!

Thank you gentlemen :) WAGMI
 

stepdub

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Update: 5th Nov 2022


85% of my portfolio is still in stablecoins [USDT, USDC, BUSD]

HODL List [projects I'm buying & holding till mid 2024, with their corresponding growth targets from current levels]

AMB [Ambrosus]: 200X
SHX [StrongHold]: 500X
GAMEFI [Revenant]: 500X
STND [Standard Protocol]: 10X
TIDAL: 40X
FORM [Formulation Fi]: 30X

Note: All of the above were purchased between 1st Jul & 6th Sep 2022. AMB did 6X already at its recent peak. I took initials out + some profits at 3X, now riding on the balance. GAMEFI did 2X & FORM did 1.5X. STND, TIDAL and SHX are down approx 35% each from the time I bought, but overall the portfolio is still profitable just from AMB + GAMEFI + FORM. Magic of asymmetric bets.


TRADE List [short term trading, few days upto 4 weeks], with targets:

APT [Aptos]: 3X
GNS [Gains Network]: 2X
FIDA [Bonafida]:1.5X

Other
One X 4 digit .ETH [ENS] domain
Five X 4 digit .SOL [Bonafida] domain
One X 4 letter .ETH [ENS] domain

Total Portfolio Value: $93,000

NOTE: This is my personal journey and not financial advice :)
 

temp55

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Awesome thread! Will def follow. Just one question: Facing the global situation right now, do you think that this isn't the best time to invest in crypto?
 
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