How do I make a million dollars in crypto?
Good question, I haven't made a Million yet but I did see a 2900% ROI on my initial investment last year.
I got my start from a buddy who told me in April of last year you need to purchase Eth, Bitcoin, Litecoin, Monero, Digibyte, Golem, and Factom and you need to do it now with what ever money you have laying around because this market is about to explode.
Obviously not everyone is going to have that kind of luck with someone stepping in and saying this is exactly what you need to buy. Since then I have developed my own strategy:
Join as many crypto communities that you can because there are smarter people then you that are willing to give out advice on which projects they see doing well. Then do your own research, figure out is the blockchain unique - For instance Monero vs Verge, Monero is an established name with a great community, has built a name for privacy and continues to innovate. Verge essentially is attempting to do the same thing but with out any of the above.
What is the back round of the dev team - I look up everyone's name listed on a whitepaper to see if what do they bring, is it someone who is well respected in the community or have had success in the startup process. Do they surround themselves with a diversity of skills to handle social media, the business end, do they have a lawyer on staff..
Finally look at the long term goals - Is this something that has the potential to be around in 10 - 15 years. You don't want to invest in the myspace of cryptos. Often times these are called moon and mars shots.
Use this to information for your initial investment, then set a specific number in your head. Once your book has hit that amount take profits and reinvest. I recommend picking one ICO and then the rest should go into known projects. Example I sold half of my Eth when it hit $300, I took half of the profits into an ICO and the rest I put into coins that had a conciseness among the crypto communities as projects that were going to have a high upside. This has allowed my crypto book even during down turns to have an upward trend overall.
From then on its rinse and repeat.
TLDR: Join social groups with other investors, research, set goals, diversify and repeat.
I would like to point out I have no degree in this field, just an enthusiast.