How realistic is this?

Hello everyone,

I wanted to get your thoughts on how realistic it is to build capital through spot swing trading in the crypto market. Suppose you start with $10,000 and aim to reach $1 million.

Theoretically, you would need to double your capital about 7 times to reach this goal. For example, doubling $10,000 five times would bring you to $320,000. If you then invest that $320,000 during a future bear market, and Bitcoin achieves a 3x return, you would surpass $1 million. You could also invest in various coins that double in the bear market and then take profits to grow your capital further.

If you had started this strategy last year, you would have achieved a 2x return with almost every coin. I think if you start now, you could also double your capital relatively safely by next year. Thus, after the bull run, you would need to double your capital just 3 more times to reach $320,000.

Of course, this scenario assumes there are no tax implications on crypto gains, which is not the case in most countries. But let’s assume we’re in a country where this is the case.

What are your thoughts? Is this strategy feasible in practice, or are there reasons why it might not work?

Looking forward to your insights!