My insane challenge - double $10,000 USD 10 times and you get over 10,000,000 USD

in cyrptocurrency •  7 years ago 

My momma always told me to dream big

I've doubled and more than doubled my money a number of time investing in cryptocurrencies. I've calculated that if I take $10,000 USD and double that amount 10 times, I would end up with $10,240,000 USD. While it's obviously not that straightforward, I actually don't think the idea is completely insane.

10 trades to financial independence

  1. $10,000 -> $20,000
  2. $20,000 -> $40,000
  3. $40,000 -> $80,000
  4. $80,000 -> $160,000
  5. $160,000 -> $320,000
  6. $320,000 -> $640,000
  7. $640,000 -> $1,280,000
  8. $1,280,000 -> $2,560,000
  9. $2,560,000 -> $5,120,000
  10. $5,120,000 -> $10,240,000

Rules of the game
There are a few things to bear in mind here.

  • I don't think it's feasible to invest in small cap coins as the liquidity is just not there.
  • I will need to keep my emotions in check as putting on a $5M USD bet to double my money would be nerve racking at that level of investment so I would need to keep my cool.
  • I will keep my results publicised so you guys can see what I'm doing.

Trade #1
Litecoin (which I bought at $68 USD) based on a recommendation from Clif High.

Please wish me good luck!

Please remember that this is not financial or trading advice. Trading and investing can cause significant financial losses

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