Could Ethereum (ETH) Make You a Millionaire… Realistically?

by birtanpublished on October 4, 2020

If you would have put a thousand dollars into ethereum when it first came out you would have like 10 million dollars i did the math now if you came to this video you probably want to know realistically can you become a millionaire off of ethereum right now and in this video i'm gonna go over just that just got out the office today just literally left off is this sunday nine o'clock at night i'm putting in extra overtime work if you don't know who i am my name is alex i've been in cryptocurrency for six

Plus years and i have seen the roller coasters that this market has to offer and actually the funny part is one of my biggest come-ups was purchasing ethereum at seven dollars i purchased a lot at seven dollars they put in about like ten fifteen thousand dollars because it was it wasn't like all one months lump sum but over time and i made a lot of money it's one of the best money and making opportunities i've ever experienced in my life um and i've obviously like i said

Experienced the roller coasters right so i wanna you guys are looking into cryptocurrency for yourself potentially right and that's funny i just got off on the wrong exit um and maybe you have some money that you want to put in all coins maybe you're like oh bitcoin's too expensive i want to get some alt coins um so that you have the potential of actually making like real money right because it's cheaper coins they have the it does have more potential guys let's be honest here like

It's a little bit more risky but to make a million dollars it's probably a little bit more realistic to do it through altcoin than through bitcoin because most people don't have enough money they just don't have enough money to buy like 21 bitcoin or whatever right that's that's that's my goal by the way if you don't know why 21 bitcoin basically it will make you one in a million people less than a million but i'm not gonna jump into that in the world if you have 21 bitcoin so that's one of my goals and most

People just don't have that type of money so all coins are a great decision now looking at ethereum from a short-term and long-term perspective i think it's a great i think it's one of the best projects out if you don't know what ethereum does it's basically like an operating system right so it it works like like for example mac right and then you have applications on it which are other cryptocurrencies that actually do things now the beautiful part about this is

That if another coin you have all these different types of organizations and if they have their own coin and they have their own technology and actually takes off the beneficiary will be ethereum ethereum will actually really benefit off of this because it's under their platform right they're the operating system correct so it has a lot of options a lot of ways of blowing up right the killer app that everybody talks about in cryptocurrency and this happens on the internet right the killer apps that blow

Up is gonna be under ethereum now there is a lot of problems with ethereum and from my experience ethereum is very slow uh one case study i like to look at is cryptokitties cryptokitties was an app one it wasn't a killer killer ad but it was an app that did pretty well and it slowed ethereum down a lot now it has to get better all right the the ceo has been talking about how bad ethereum's code

It's not scalable right it's not scalable he talks about it all the time talks about doing tests on other coins to learn all right like he talked about specifically bitcoin cash he wants to do tests on bitcoin cash and this is a huge problem for ethereum because if it can't transact at a fast pace how are you ever going to be able to play a game on the ethereum blockchain right how are you ever going to have that killer app people hate load times they hate waiting for things right they say that

A human being has literally less of an attention span than a goldfish right so what makes you think they're going to wait or pay high transaction fees that ethereum has so looking at it from that perspective it has its problems it has its bugs but it is number two right it's the number two it's the number two point everybody knows what most people if you're in cryptocurrency you know what ethereum is so it has the name going for it now i believe ethereum and and i don't look at it too much i just have a little

Pot and if you guys know me i don't like to look at the market too much because it's i made my decision guys like i don't need confirmation if the market goes up five percent and feel good about myself right i made my decision with cryptocurrency i don't need to look at it i'd spend my life doing other things to generate cash to create more cryptocurrency i do not trade it i'm a long-term you know i make long-term moves right so um you know i haven't looked at i think it's about 200

Per ethereum um and looking at it from that like how much do you have to buy how many east do you have to buy to become a millionaire do the math i'm over here driving guys i just got out of work i just got out of work this is pure knowledge i'm not trying to throw something i i written you know on a piece of paper to try to sway you to do something like an affiliate link or any of that i'm telling you guys from true experience six plus years of experience can you realistically become a millionaire

Off of ethereum and my honest opinion and this is from a guy that made the majority of his money from ethereum no i don't think realistically the average person become can become a millionaire off of ethereum i think it has limited growth potential compared to other coins like ravencoin one of them right eos is pretty good it's more scalable there is a lot of problems with els guys i hate when people go in the comment section and talk about you know the problems of these coins they all

Have problems none of them are perfect they have their benefits and misbenefits right i like eos for a certain reason the creator of steemit is on that team and i like i like steemit it's one of the best organic you know coins there is and i like the way it's run right that's why i like eos people sometimes don't even call us a blockchain but you know that's he she said right that's how it all is right so you know going back to is ethereum going to make you a millionaire

One it's too expensive you have to spend way too much money you have to buy too many coins because we're only going to see it like probably 10 to 20 x and it's lifetime so if you do the math you're gonna have to spend you're gonna have to spend like a hundred thousand dollars you know eighty thousand dollars um to realistically see you turn into a millionaire and if you have a hundred thousand dollars i mean there's a lot of ways you can invest a hundred thousand dollars right

Like you're nobody's just gonna dump all their life savings into ethereum and hopes to become a millionaire right but if you invest into smaller cheaper coins right cheaper coins with the potential to 50x 100x that will most likely make you a millionaire now again like you're coming on this video and i wanted to let you guys know becoming a millionaire often of investment with limited money is like the hardest thing to ever do like i'm telling you guys right now

Like this is a long shot so i mean of course i put the title it's catchy everybody wants to become a millionaire but these are still the best producing assets of not only this year but at the last decade so when i say something only it's only going to multiply 10 times that's phenomenal so that shouldn't hinder you from not investing into ethereum right you should definitely do your due diligence like i always say in all my videos guys this is not financial advice

But millionaire i don't know there's a lot of other coins that have more chance to make you a millionaire but they're very risky guys very risky a lot of these places a lot of these coins are lying to you about their volume volume meaning how many people are using how much money is being spent on the blockchain and honestly i don't even know what to believe anymore i only believe in the top coins i got the majority of my money in bitcoin because bitcoins bitcoin

And nobody could ever say anything about that but yeah that's my thoughts on if ethereum can make you a millionaire realistically i mean everybody's entitled to their own opinion that's why they got the comments section leave a comment below if you like the quality of this content tell me man encourage encourage my channel uh support me share with somebody that doesn't believe in cryptocurrency if anybody doesn't believe in cryptocurrency tell them to call my phone i'll tear

Them a new one but yeah subscribe for more video updates and like i always say if you don't get with this you will get left behind catch you guys in the next video thanks for watching

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