Can Someone Become A Millionaire With Etherium?

kayode10

Well-known member
Etherium seems to be rising in the price just of recent and people are jumping the bandwagon. Majority of the people don't know the reason why it keeps rising in price.

Since there is speculation that the prices will continue to rise, they do not do any due diligence but you just invest their money in it with the hope of huge return.

This makes me feel that there are some gimmicks or scheme going on in place to make sure people invest to inflate the price.

With the way etherium is moving and going higher in price, I would like to ask is that if someone invest in it this month, is there any possibility that the person will become a millionaire in the next two years?
 
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Ahmedo24

Well-known member
I could say from your write that even you don't know the factor that is responsible for the growth of ethereum so.not only those seeing it rising and Investing.
Personally I know there are many things responsible for the hike but the one I am fully aware of Is the fact that ethereum blockchain is compatible to lots ERC tokens so they run their activities on eithereum blockchain using ethereum for fees and also there are lots of smart contracts that is been run on ethereum blockchain so these factors makes people to continuously demand for ethereum.
 

Donkiz

Well-known member
Ethereum is the second most popular and most valuable cryptocurrency, therefore will not lack investors. Lots of people believe that they have missed the opportunity to invest in bitcoin and make huge profit from it, hence it won't be a surprise if they decide to invest in ethereum this early with the hope that it will rise as high as bitcoin in few years time.

There's a feeling that the price difference between bitcoin and ethereum is too much, and therefore need to close the gap a little. Buying ethereum now as a long-term investment is a business that has the potential of turning someone to a millionaire in few years time.
 

Josemendez

Well-known member
Sure . For example those that bought ethereum when the price was $0.43 in year 2015 , should have multiplied their investment up to 30000% .
Ethereum is the second cryptocurrency with market cap and investing in it will be very lucrative in near feature . Earlier this year ethereum was at $800 but now it is heading to $1800 .
So ,yes one can be a millionaire through ethereum investment ,however he needs to invest a moderate sum of money .
 

Ahmedo24

Well-known member
Sure . For example those that bought ethereum when the price was $0.43 in year 2015 , should have multiplied their investment up to 30000% .
Ethereum is the second cryptocurrency with market cap and investing in it will be very lucrative in near feature . Earlier this year ethereum was at $800 but now it is heading to $1800 .
So ,yes one can be a millionaire through ethereum investment ,however he needs to invest a moderate sum of money .
Thanks for your analysis though I doubt if people could have held ethereum since 2015 till date, people that Invested in it earlier last year when the price was arround $200 to $200 has made almost multiply by 10 of their Investment, imagine some who invested like $300 then will be having close to $2500 currently and in my country Currency he is a millionaire already. Investment in Crypto currencies is highly rewarding just be very patient and don't be in hurry to make decisions especially when the market is down.
 

IamDozzy

Well-known member
It's very possible to become a millionaire with Ethereum. Ethereum is the second in command after Bitcoin in the cryptocurrencies world and as such it has a high demand. Obeying the laws of demand and supply, anything in high demand would have its price go up. Now imagine someone invested in Bitcoin when it was still $100 and held it till now. The person would obviously be a millionaire in NGN. So you see it.is possible to be a millionaire in my country Nigeria if you invested in Ethereum when it started. It'll be wise to look out for cryptos that are just starting out and as the potential to skyrocket.
 

Prettybabe

Active member
This question you're asking shows you are not conversant with what is going on.

Investing in Etherum is a wise choice that anyone would be thankful for. Do you realize that Etherum is the second most popular cryptocurrency after Bitcoin? Yeah right.... The future is bright for Etherum.
 

Adetayo100

Well-known member
You can actually become a millionaire by trading Ethereum, i remembered when Ethereum was 100,000 just last year june now Ethereum is over 800,000 now imagine having two or three Ethereum then, you will be a millionaire now, it is never too late now you can still invest because Ethereum has a potential of getting to 2 million before the years runs out.
 

Samuel72

Well-known member
according to my own point of view I will say yes it is very possible for someone to become a millionaire when investing in ethereum. Ethereum is a very good business to invest in right now this is because the business is a well profitable business and also the chance of losing is very low. and also ethereum remain one of the most popular cryptocurrency in the whole world it is well known all over the world and also well accepted in any parts of the world
 

Victor001

Well-known member
The good thing about the crypto currency is the fact that it has become widely acceptable in the system and people are now wise to know the benefits attached,but we should also know in crypto business you put more to gain more and equally loose more, any business that you are not certain about the market flow is not a business you should build your wealth on it,rather see it as a means to gain money not to earn money.
 

Dora Wi

New member
The current rising of ETH price is not that unforeseen - I think Eth 2.0 is playing a big role in it.
Whether you can become a millionaire off of it depends on too many variables. It really depends on how much starting capital you have and how savvy you are. I think with trading (as long as you know what you are doing) you stand a better chance than with investing.
 

Dora Wi

New member
I think the best source for participating in ethereum staking is via their official website, the launchpad on ethereum. org - there are other sites that claim you can stake ethereum with them, but there's a high risk that these are scams.
 

Simplyniyi

New member
Yes you can become a millionaire trading on etheron. Last year February, during covid 19, etheron was 25000 naira. Now etheron is over a million naira in just a year. Imagine if you bought four etherion, say for 100000 naira this time last year, you have over four million naira and have gained more than 3.9 million all within a year.
 
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