Hey, thanks for reading and for your comment. As for your question, you're basically asking whether you can turn $50 into $10,500 (the current value of 1 Bitcoin). That is a 210-fold increase and would require you to double your money 8 times over. Unless you're Michael J. Fox in Back to the Future, or you have a way to go back to 2010 and put $50 into Bitcoin, it's impossible for a person to get there by trading. (Anyone can correct me if my numbers are wrong.)
In my opinion, you're only chance of achieving that is by locking your $50 into a currency such as Bitcoin, and hope that it's value increases by 210x. However, that would require a target Bitcoin value of $2.2 million per coin! And since absolutely no one speculates that Bitcoin would ever get that high, the simple answer is no. The most wild speculations have valued Bitcoin at $1 million per coin within 5-10 years. That would get your value up to about $5,250 (which is currently about 0.5 BTC), and is still very improbable (and counts on your ability to wait 10 years without being tempted to cash out).
Hey, thanks for reading and for your comment. As for your question, you're basically asking whether you can turn $50 into $10,500 (the current value of 1 Bitcoin). That is a 210-fold increase and would require you to double your money 8 times over. Unless you're Michael J. Fox in Back to the Future, or you have a way to go back to 2010 and put $50 into Bitcoin, it's impossible for a person to get there by trading. (Anyone can correct me if my numbers are wrong.)
In my opinion, you're only chance of achieving that is by locking your $50 into a currency such as Bitcoin, and hope that it's value increases by 210x. However, that would require a target Bitcoin value of $2.2 million per coin! And since absolutely no one speculates that Bitcoin would ever get that high, the simple answer is no. The most wild speculations have valued Bitcoin at $1 million per coin within 5-10 years. That would get your value up to about $5,250 (which is currently about 0.5 BTC), and is still very improbable (and counts on your ability to wait 10 years without being tempted to cash out).
BTW I like the username ;)