Topic: Achieving a goal - page 2. (Read 870 times)

It seems you think trading can help you achieve that goal. Well there is possibilty but i dont think the time frame you gave is not enough to achieve it. Maybe you should decrease the goal to 50k then i can tell you what can be possible.

If you are into trading just know that there will be losing and winning but if you want to avoid this, ill advise you to invest your money in btc. Them wait till the end of the year. So much will happen by then and you will be a beneficial.

If you want to earn money then don't think about trading and invest this sum in bitcoin so at the end of the year you will have earn large amount. You have learned about emotions and have the ability to be patience then there is nothing difficult for you to continue investment until your targeted value.

In case of bitcoin you will not loss money if you carry this investment upto appropriate timing. 25k$ is not a small amount so I think you should take every step with great care because if you Loss this sum you will hardly recover this back and one more thing is that if you want to invest in bitcoin then don't wait more as it is the time for investment otherwise price will go more higher during halving.

If you invest that money to BTC or Ethereum and trade them during the bull run, it will give you good profits that will make you not to lost the capital than to add profits to you that will allow you to buy coins and trade again when the bull run flow in the market.

 If you want to achieve your goal in your crypto trading, just ensure you have the tactics you use to trade your coins to make what you have never earn before in your crypto trading, which is the dream of every traders to achieve in their trading.

Do you remember the maxim we often advise each other? "Only invest what we are willing to lose." If it is a very important amount and will affect OP's life, he should not invest even if it is bitcoin or any other asset. Bitcoin is considered the safest on the market but that does not mean it is absolutely safe and risk-free. Not to mention, if the market does not increase prices and the bear season accidentally comes and lasts for many years. What would he do if that money was very important and necessary for him?

In this case, I advise him to leave the market and not invest. When he has money, he can afford to lose it, go back to investing.

Guarantee or certainty does not know, but with price volatility there is its own pleasure and for me about price volatility that is the pleasure if the investment is carried out in the long run.
Gold investment volatility may be low, but in expecting price returns are very slow. Bitcoin with high price volatility, although it cannot guarantee, has proven to be faster and greater than gold investment or other stable investment.

To hit $200k USD by the end of this year with that much capital, it might be quite difficult, because your investment needs to increase several times in the period of time with only 9 months remaining. Maybe Bitcoin is an interesting asset for you, because it has the potential to rise more significantly this year after the halving. However, with your money of only $25$k USD to reach 200k by investing in Bitcoin might sound a little unreasonable. I know you want to recover your losses, but you also need to restrain your greed and be patient with your investments - remember that $200k is a lot of money and with only that much capital apart from hitting the jackpot, you won't be able to achieve that.

No one knows that's the point. When investing in Bitcoin or any volatile asset, one should understand that there is no guarantee that they are going to get a certain percentage in returns after a specific period because the price is unstable and unpredictable, it's priced above $70k today, it can be above $100k in the next few months or be below $50k by then because we can't know which direction the market will move in and how people would react to certain events in the future because that is how the market moves.
So even though investments in Bitcoin can garner great profits in the long-run, one needs to understand that it can take any amount of time for that to happen which can be a week, a month, a year, or maybe more sometimes.

Btw, thanks to the advice at first.

So with your initial capital of $25k, you want to make it $200k, right? That means it's about 8 times as much. This may be quite challenging, yes, but it doesn't mean it's impossible.

In my opinion, BTC should still be prioritized. but it might not be that big. but it's okay because since you posted until now, the price of BTC has jumped very significantly. So, you will definitely get quite a lot of profit from BTC alone.

Investing in meme coins is sometimes very tempting. You can even multiply your asset value many times. it seems so easy to see so many people successful in meme coins.

but I agree with you. Meme coins might be that interesting. meme coins are really high risk. If we miscalculate or make the slightest mistake, our money could really go up in smoke. This is probably not a wise idea. But, if OP is a high risk holder, yes, he could choose it. but I'd rather avoid this. because my inability to analyze meme coins could actually get me into trouble. ha ha ha

Investing with meme coins which doesnt have some utility is somewhat really that risky but seeing that they are included into those who do sit at the top or higher ranks then we can really tell that this market is really that unpredictable and this is where investors would really be considering on making some investment with these meme just because they do know on how many times or multipliers that they could really be able to get 
whenever they do make out investment with these memes. Some are aware about into its huge risks and some do make out some blind investing and this is why they do really ends up on having those loses.
It is really just that it would really be just that depending on you whether you could be able to bare up with the risks or not. There are ones who are really that risks takers on which investing
into those coins. When it comes on achieving goals then we do really have those specific amounts that we do have in mind and this would really be something that differ into other.

It's obvious that I did not condemn the fact of extracting idea from other forum members, but what I lamented is that we should know the kind of advice we shall take from other people, because its clear that everyone who tender an opinion or suggestion in the forum or this community has practicalize it, I doubt that many of them has test run whatever they present here first..that should not make us to reject some ideas that will profit you in future...before you conclude on suggestion that has to do with trading and investment you have to make a research concerning it first.
In normal circumstances whosoever that's venturing into investment have to make a research to know if the investment is suitable for the investor will engage or involve itself into the investment, so from my perspective in cryptocurrency we have to understand the basics aspects of Investment before we embrace it, some people doesn't make research but what have in mind is that will make a profit for any cryptocurrency they ventured into, its obvious that you will achieve your goal when you have already make findings.

To achieve a goal is not difficult, it's us that think is difficult, anything you planned to achieve make sure you have three different drawing boards and mostly you have to know that is important, trading or investment if you want to be one of the beneficiary of trading or normal investment you have to pay attention and learn all the necessary strategies of the things, so with learning and observation nothing is hard to learn and understand it's measure.

Do your research on cryptocurrencies that have low caps in the market, or maybe on meme coins that are on the list of top-listed ones like Pepe, Floki, Shib, Doge, Bonk,
or Leash, or something like that.

It's up to you which one you want, as long as you make sure that you're going to do that. Now,  if you want to be sure of that amount of $25k, just allocate it to Bitcoin
because you can tell if you'll really get a profit there; that's for sure x3 of your capital, and I don't know how much more it will raise apart from x3.

Well, the mistakes we made before can be a lesson for us so we don't make the same mistakes in the future. But if we still make the same mistakes, then I will start to question whether we learn from experience or whether we never do it, then I agree that is something that just wastes our time and money.
We must be able to minimize every mistake and this can be done from the experiences we have gone through which made us lose a lot of money. We must be able to set a profit target and we must also have a loss target in trading, this will really help to minimize something that we don't want to happen. It is fear and greed, being afraid when we lose and being greedy when we gain.

Every good investment is not focused on one type, but from the development of the crypto market, I believe that the type of investment that is very likely to get big profits is in Bitcoin even though the risk is also big, but by choosing Bitcoin you can protect the value of fiat currency against decline value that will happen to it.
In essence, investing in Bitcoin is better than keeping fiat in the bank.
$25K in January was invested in Bitcoin, now with the price going up to $73K, how much more would it take to reach $200K over the course of a year?

In essence, investing in Bitcoin is better than keeping fiat in the bank.
But this is not financial advice because if you choose to invest in a type of investment that can maintain the value of a currency, then for me that is better and that is one way to achieve the goal.

Actually, this goal is not difficult for OP to achieve as long as OP has the patience to do it regularly, because now Bitcoin is at an all-time high which is a big win for people who have bought at low prices before. So every extraordinary achievement is actually not difficult as long as we are able to wait for it after daring to take risks by buying it in the past, and for now it is actually still quite good if you still want to buy Bitcoin with some of the top altcoins on the market because their price movement potential is still hasn't disappeared in a while.

If I am not wrong he also stated that this $25K is important and can't afford to lose it even if his portfolio value is 150K that is why 80% of capital is into safe that is bitcoin and the remaining 20% into altcoin. that 20% can even grow 200% or 1000% if we are lucky but it's hard to predict the coins no matter what.

OP's goal is to increase his initial capital 10 times. If we invest in bitcoin at this time, it is impossible to realize that dream, but if we accept the risk and try investing in atlcoin, this is not too difficult, IMO. But it's difficult to give investment advice to anyone because everyone's risk tolerance is different, so giving advice is not easy.

If this money were mine and my goals were the same as the OP, I would invest most of it in altcoins instead of bitcoin. Of course the risk is very high, but during the bull season, altcoins will bring much better profits than bitcoin.

@OP, this is not financial advice I'm giving you, you should make your own decisions, I'm just speaking my mind.

I agree that these movements are the parts where people make their profit, and these ups and downs are a must, both of them at the same time. This is why I believe that we are talking about something that's a little bit different, and not going to feel the same.

I believe that the best thing to do in this case would be something that could actually benefit everyone, so it should not be all that confusing to have both up and down. You can't have only up, and you can't have only down, you need to have both up and down at the same time. This should not be all that confusing, it is not going to be something that benefits you in the end. We should consider this part of the natural process of the market, and trade within those movements.

You recommended good coins BTC and some altcoins which are the top cryptocurrencies in the market. But if OP want to achieve his/him goal 25k$ to 200k$ of course he/she need to take big risk with another risky coins which are big pumping and dumping. And if he/she want to lees risky investment when so difficult to achieve this goal.

If we use all the money we have to buy Bitcoin, of course we will be able to get big profits if after we buy it the price continues to increase, but if the price of Bitcoin decreases after we buy it, of course we have to be patient and hold on until the price of Bitcoin increases. In my opinion, it would be very risky if we used all the capital we have to buy a number of Bitcoins, of course we have to think about how to manage the risks that might occur when investing, maybe we need emergency funds and we don't have any more funds at our disposal, of course we have to taking what we have invested before time will of course be very detrimental to us.

You are right, when we invest, of course we will be able to get profits according to the capital we bring and it is not possible to get big profits with capital as you say.

Trading can be an up and down like the market volatility not all the time we are earning free money with the market, you can make a reset if you lose a position at the end of the day you are aiming for the profit. Based on my experience once the BTC gets sleep with the market price movement I hunt other pairs of coins that could be a potential good position, do the basic TA, check if ideal to trade and if you are quite confident to create a position. Every mistake is part of the lesson to trade so you can avoid it next time but if you continuously make this mistake and becomes a habit you are just wasting your money and time.