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First off, you have to start with the right assumptions and the right understanding of the risks. To make a 50X return on your investment, you have to take some really big risks, even by cryptocurrency standards. This also means accepting that, likely, this won’t happen. But if you have to get 50X, here’s how I would think about the problem…
Investing in Ethereum, Bitcoin or any other top 10 cryptocurrency is likely not going to cut it. You will have to invest in something that is a very low value today, meaning you’ll have to see something the rest of the market doesn’t value today and hope that the market eventually corrects.
I’m not talking about finding a token, visiting their website and thinking they ‘have a shot’, I mean actually having a fundamental hypothesis on how the market is going to change and how your particular token is going to benefit from that. Not only that, but you’re going to need to make two bets with your token purchase:
If either of these assumptions fail, you’re not going to make a 50X return. For comparison, only 9 tokens last year (in 2017) were able to make a 50X return, and this was a breakout year for cryptocurrencies.
So, if you want a 50X return, what should you invest in now? I’m not giving you a particular token (and never will), but here’s would be my methodology if I were to try this:
And finally, don’t sell until you hit 50X. Otherwise, what’s the point?
Brian Schuster is a developer and writer in the blockchain industry. His content has been viewed over 5 million times since January 2017. You can view more of his content on his pateron page, where he is producing content to help his audience find their place in this emerging industry.