Achieving a goal | Bitcointalksearch.org

$weetne$$

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Quote from: Litzki1990 on April 09, 2024, 07:23:28 AM

You want to start your investment with $25 and at the end of this year you want to convert this $25 to $200. If you are trading in short term plan and low profit then you need to have enough assets and select enough coins for your trading that have enough volatility in the market. Trading in coins with considerable volatility in the market will increase your chances of profit. Trading with $25 you will always be satisfied with a profit of one to two dollars and when $25 goes from $26 to $27 you will sell your coins and wait to take a second trade. Thus, if you spend time behind the market and take advantage of trading opportunities, you can convert your money to $200 in the next six months.

It will take a very long time for any body to turn $25 into $200 in spite of trading everyday. If you are trading everyday you might make a mistake in one of your trade that will make you to lose some percentage of the profits that you made already and it will make you to have to start all over. It is not always good to start trading with low amount. A minimum of $100 is the recommendations I got when I started trading newly. Majority of new traders will lose their first trading capital therefore it will be very hard to finish the year still being in profits. You can decide to buy a new coin and hold for a long time until you get your $200 profits then you can use the profits you made as a capital to start trading for you to make more profits but just using $25 will make it very difficult for you and you might quit before achieving your goals.

Mahanton

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Quote from: pablocokeninja on January 01, 2024, 09:14:50 PM

Hey folks,

Basically, I have around 25$k to invest, and I really want to hit least 200K$ by the end of this year.
Could you please give me some tips and advises?
Also, It is an amount that I honestly don't want to lose since it counts significantly to my capital.
Background story, I have quite the portfolio that would count around 150k$ at current prices, some I sold early and some went greedy and lost.
I did learn a though lesson about patience tho.
Also, psychologically I am done with trading since the lost, I was great at it but one drunk night got me bad lol.
Don't drink and trade folks.

Thanks a lot!

Here are some common lines that we do really know;

1. Regret comes at the end
2. Learning comes from real experience
3. Self realizations after a disaster or unfortunate condition

You would really be definitely be able to make yourself learn on the time that you would really be able to make out those kind of realizations that came out from your own mistake.
We do have our own goals in life but on the time that we do sees out that we do become that unrealistic then we would be making out those kind of learnings that it cant be possible
or something achievable. This is where we would really be making out those kind of adjustments after that.

It would really be that normal that there would really be those errors on which its a common thing but making out some adjustments and sensible actions towards
it then this is something that will really be totally depending on a certain individual.

Dailyscript

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Quote from: Sorryfor on April 17, 2024, 11:23:10 AM

Your plan to make big profits in a short period of time with the amount of money you currently have seems a bit too risky to me. You can start trading with the amount of money you can lose in the beginning of trading and in this way gradually if your profit increases then you will get motivation and your motivation for future trades will work and you will be a successful trader at the end of the day. You can but if you aim for a specific time frame and move a little too much to achieve a specific profit, you may end up losing as opposed to making a profit. So learn about this before trading and gradually keep working to increase your experience.

This is one of the mistake new traders start facing when they venture into trading. Trading is a quick way to make more money but it is also a quick to lose money as well. Op in question lacks patience and modern way of trading requires patience to time the market. Its not all about putting money and watching it grow with a well structured pattern for trading it. There are various trading strategy and i think that is what OP needs to go and learn by making research on which of the trading strategy will favor his kind of personality. He might be an aggressive trader but there are disadvantages to an aggressive trader. If they do not learn how to control their emotions such people end up losing more than they profit from trading.

Sorryfor

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Your plan to make big profits in a short period of time with the amount of money you currently have seems a bit too risky to me. You can start trading with the amount of money you can lose in the beginning of trading and in this way gradually if your profit increases then you will get motivation and your motivation for future trades will work and you will be a successful trader at the end of the day. You can but if you aim for a specific time frame and move a little too much to achieve a specific profit, you may end up losing as opposed to making a profit. So learn about this before trading and gradually keep working to increase your experience.

bettercrypto

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Quote from: pablocokeninja on January 01, 2024, 09:14:50 PM

Hey folks,

Basically, I have around 25$k to invest, and I really want to hit least 200K$ by the end of this year.
Could you please give me some tips and advises?
Also, It is an amount that I honestly don't want to lose since it counts significantly to my capital.
Background story, I have quite the portfolio that would count around 150k$ at current prices, some I sold early and some went greedy and lost.
I did learn a though lesson about patience tho.
Also, psychologically I am done with trading since the lost, I was great at it but one drunk night got me bad lol.
Don't drink and trade folks.

Thanks a lot!

If you really want to earn 200k with a capital of 25k, you have to take a risk in the crypto you choose to invest in. It can't be without risk, really. You just have to be wise with the coin you choose to buy. Know well or research how legitimate it is to be sure to multiply what you want to happen to your capital.

Prioritize the top altcoins, and there are big investors who support the coins you will buy, like Solana, Binance, and others. Because it is difficult for me to recommend them to you,
I just gave an example. Good luck to you.

Natsuu

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Quote from: Zanab247 on April 15, 2024, 02:08:50 PM

If you want to achieve your goal in your trading, make such you struggle to buy BTC when professional traders are buying from the market and look for electrum wallet to hodl the BTC like 7 or 8 years, and you will surely achieve your goal.

And you can see the time horizon in here to be 7-8 years. Most of new traders or investors now are really into quick multiplication of money. Those unrealistic expectations will only give you unnecessary stress in your trading. Once that strike you, FOME and greediness will strike in and instead of taking out your small profits and compound it overtime since you are afraid you may end up with negative PnL.

Zanab247

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Using that amount of money to buy BTC at this season, it will not increase your BTC like when you wait for the bear run to come before you can buy with your small money and wait for the bull to come before you can trade to use that $25k to win $200k in the future.

I have seen many traders who started trading with little capital, when the price of BTC was at $10k because they have the knowledge and they are doing well in their long term trading to continue achieving their goal.

If you want to achieve your goal in your trading, make such you struggle to buy BTC when professional traders are buying from the market and look for electrum wallet to hodl the BTC like 7 or 8 years, and you will surely achieve your goal.

Litzki1990

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You want to start your investment with $25 and at the end of this year you want to convert this $25 to $200. If you are trading in short term plan and low profit then you need to have enough assets and select enough coins for your trading that have enough volatility in the market. Trading in coins with considerable volatility in the market will increase your chances of profit. Trading with $25 you will always be satisfied with a profit of one to two dollars and when $25 goes from $26 to $27 you will sell your coins and wait to take a second trade. Thus, if you spend time behind the market and take advantage of trading opportunities, you can convert your money to $200 in the next six months.

shinratensei_

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like as you said trading isn't really a thing for everyone, at least from what I know only people that are truly committed are the one that succeed in trading, you actually can just keep up with investment since you are already scoring some great portfolio up there anyway, it seems like you really don't need to take different path if you're already doing good since it doesn't make sense to abandon gold mine.

regardless i personally also have abandoned trading around bullish like this, it just doesn't make sense to trade when you can just hold a coin and then make profit out of it in layman term, trading can only give you less profit than investing at least tahts from my experience.

if i were you i will just stay with investment on the likes of BTC, SOL, and ETH, the perk with having big capital is that we can be investing in these three coin despite their market cap already high we can still got good profit while mantaining risk to be tolerable enough. with lower capital, the increase won't be impactful.

Strongkored

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Quote from: pablocokeninja on January 01, 2024, 09:14:50 PM

Hey folks,

Basically, I have around 25$k to invest, and I really want to hit least 200K$ by the end of this year.
Could you please give me some tips and advises?
Also, It is an amount that I honestly don't want to lose since it counts significantly to my capital.
Background story, I have quite the portfolio that would count around 150k$ at current prices, some I sold early and some went greedy and lost.
I did learn a though lesson about patience tho.
Also, psychologically I am done with trading since the lost, I was great at it but one drunk night got me bad lol.
Don't drink and trade folks.

Thanks a lot!

Do Your Own Research is the best suggestion because it will make you learn about cryptocurrency directly so that you can finally have the right knowledge because it comes from studying it yourself, and also with the right knowledge about crypto you can investigate every suggestion from the members so that do not blindly follow it but take decisions based on your own knowledge.

However, if you really want advice then Bitcoin is the safest in my opinion, but maybe the target of 8x from the capital will not be achieved according to the time you set, but you should be more flexible because instead of having to increase the risk by choosing altcoins so that the targeted profit matches the amount and the time then getting profits is much longer, in my opinion it is much better.

lixer

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Quote from: Dailyscript on March 17, 2024, 05:53:03 AM

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.

He has $25k that he wants to turn into $200k, it would require 8x for his initial investment to hit that target and based on the price of Bitcoin right now which is around $70k, it would need to go above $550k for him to achieve his target if he invests all his capital in Bitcoin.

I believe only a high-risk, high-reward cryptocurrency can make that happen but then again, there will always be a possibility of him losing his money because we know how those high-risk investments work. Let's take meme coins as an example, they do have the potential to provide such profits sometimes, but most of the times, an investor can also lose their investment because if the meme coins they invest in fails to perform, there are no returns at all.

adpinbr

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Rushing into trading when you are not fully prepared or knowing the exact Trading you want to go into is very very dangerous because I may not really advise you to a particular trading platform that you can raise your funds or increase your profits it’s not really easy but I will advise you to take your time make research on your own and don’t rush so that you won’t make any mistake or resulting to loss in trading, taking precaution, and the right step to take, one of the most important thing to me so that you will not lose your capital and end up regretting

Natsuu

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Quote from: Mahanton on April 07, 2024, 04:59:36 PM

Quote from: lalabotax on March 12, 2024, 05:28:59 PM

Quote from: Mahanton on March 12, 2024, 04:47:05 PM

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.

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

One of the main reason on why meme market or simply to those tokens that launched on dex and making that huge volume because of this kind of interest when it comes to the opportunity that it gives on which it could really be able to cause up that multiple folds of your investment.

I agree on this. Speaking of meme coins, it's not all about the purpose or the founders or the roadmaps.

It's more of like how much interest is built upon the projects. Who are the well known persons are involved and supporting the coin. When people knew that. Volume will flock in the price will go up. Imagine if Tate, Musk, Bezoz, or any known personality or rich billionare announce that they would be supporting a coin. Then sure enough the price would rally higher in a way that it gets attention. That's one thing. Another is which large cap coin does the coin circulates. Most meme coins that are rallying right now are booming under Solana ecosystem.

Mahanton

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Quote from: lalabotax on March 12, 2024, 05:28:59 PM

Quote from: Mahanton on March 12, 2024, 04:47:05 PM

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.

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

One of the main reason on why meme market or simply to those tokens that launched on dex and making that huge volume because of this kind of interest when it comes to the opportunity that it gives on which it could really be able to cause up that multiple folds of your investment. Although the risks is really that high because investing on meme coins or even into those new altcoins that we do have in the market that usually be
launched on decentralized platform into their earliest times is something that you cant really be able to assure that you are on the right project or not.

You cant really be able to check out their roadmaps into these particular times or even trying to know the team behind whether you are dealing with a scam dev or a legit one.
It is really just that there are really people who are really loving on taking up such risks and making out decisions that they would really be tending to dive in.
Back on op, if he had done out on investing on the time that he had post this one, then he is already in profits now.

Dewi Aries

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Quote from: Wakate on April 07, 2024, 03:35:15 PM

Quote from: pablocokeninja on January 01, 2024, 09:14:50 PM

Hey folks,

Basically, I have around 25$k to invest, and I really want to hit least 200K$ by the end of this year.
Could you please give me some tips and advises?
Also, It is an amount that I honestly don't want to lose since it counts significantly to my capital.
Background story, I have quite the portfolio that would count around 150k$ at current prices, some I sold early and some went greedy and lost.
I did learn a though lesson about patience tho.
Also, psychologically I am done with trading since the lost, I was great at it but one drunk night got me bad lol.
Don't drink and trade folks.

Thanks a lot!

Did you learn how to trade before you enter trading? Their are things you need to learn before ever thinking of trading. There are people that are making good profits from trading and also on few that do not know how to trade are also losing Money. If you want to invest in the crypto market, you need to learn how to or invest in cryptocurrency. There are so many coins one can buy and hold for the bull in order to benefit from the crypto market. I know Bitcoin might not hit 2x I'm this bull but the price might go far for users to make crazy profits from the market. Buying good tokens can be very rewarding for users so we'll have to be prepared for what is about to happen in the crypto market soon.

Well right this is the main point that must first be considered and thought about, I understand that the goal of all of us involved in the world of trading is to make a profit, but it is foolish if you come without knowing how to trade properly and appropriately, because profits will only be able to get when you have the skills and knowledge, meaning that having even a large amount of capital is not enough, you need to have other things, namely how to trade and also good risk management.

Because as you said that there are some traders who are indeed able to earn but there are also some traders who end up with a lot of losses and they are traders who are too focused or expect profits while on the other hand their goals are not accompanied by skills and knowledge so that obviously losses will become more certain and dominate. So the point is that having capital alone is not enough, or having large capital but not having qualified skills and knowledge is the same as you throwing money away, but it will be a different story if you are able to be patient to first learn everything.

Wakate

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Quote from: pablocokeninja on January 01, 2024, 09:14:50 PM

Hey folks,

Basically, I have around 25$k to invest, and I really want to hit least 200K$ by the end of this year.
Could you please give me some tips and advises?
Also, It is an amount that I honestly don't want to lose since it counts significantly to my capital.
Background story, I have quite the portfolio that would count around 150k$ at current prices, some I sold early and some went greedy and lost.
I did learn a though lesson about patience tho.
Also, psychologically I am done with trading since the lost, I was great at it but one drunk night got me bad lol.
Don't drink and trade folks.

Thanks a lot!

Did you learn how to trade before you enter trading? Their are things you need to learn before ever thinking of trading. There are people that are making good profits from trading and also on few that do not know how to trade are also losing Money. If you want to invest in the crypto market, you need to learn how to or invest in cryptocurrency. There are so many coins one can buy and hold for the bull in order to benefit from the crypto market. I know Bitcoin might not hit 2x I'm this bull but the price might go far for users to make crazy profits from the market. Buying good tokens can be very rewarding for users so we'll have to be prepared for what is about to happen in the crypto market soon.

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Quote from: Natsuu on April 04, 2024, 01:57:44 PM

Quote from: Zanab247 on March 16, 2024, 03:09:35 PM

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.

Yet if OP prefer greater gains, he may consider finding low cap coins, (prevent meme coins if conservative). Those who were not listed yet on own exchanges or at least not at the top 100 coins in marketcap. Those will have have a larger flip and percentage gain. However selecting the right coin and timing it very carefully for entry and exit is crucial. Even within great deal of research, always still accept the fact that you may have missed something or you are basically wrong. That way you can easily move one and jump on the next opportunity that would show up.

It would really be just that a matter of risk tolerance because not all would really be having that kind of appetite when dealing up with risks and rather they would really be sticking into those less risky rather than on trying out to get dealing with those higher risks but we do know that the higher the risk the higher the the probability that you could really be able to make some huge profits if you had hit up the right spot. It would really be just that totally be depending on you whether you would really be embracing out such risks or you would really be having that kind of approach on things on which you would really be having that kind of goal or target.
Some cant really be able to handle out the risks in involving into meme coins and this is why they would really be sticking into those established coins in the market which it isnt that a bad choice.

There would really be those individuals who are really that loving on taking up more risks because they do know that opportunity that they could possibly be able to face on.
Each person does have their own approach on things so it would really vary from time to time.

Natsuu

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Quote from: Zanab247 on March 16, 2024, 03:09:35 PM

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.

Yet if OP prefer greater gains, he may consider finding low cap coins, (prevent meme coins if conservative). Those who were not listed yet on own exchanges or at least not at the top 100 coins in marketcap. Those will have have a larger flip and percentage gain. However selecting the right coin and timing it very carefully for entry and exit is crucial. Even within great deal of research, always still accept the fact that you may have missed something or you are basically wrong. That way you can easily move one and jump on the next opportunity that would show up.

freedomgo

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Quote from: yudi09 on March 13, 2024, 11:04:59 AM

Quote from: MFahad on March 12, 2024, 09:01:59 PM

Quote from: yudi09 on March 12, 2024, 02:20:11 PM

-snip-

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, ...-snip-

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.

Volatility is what brings thrill and excitement to every trader. However, no one can exactly tell if your goal price will be achievable within this year as I find it hard really to achieve such high price. But still patience is they key. Who knows if bitcoin price will suddenly jump again twice than the current capital, then it will be easier to reach $200k already at the end of the year. Just hold tight on your coins particularly if market correction sudden occurs.

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Quote from: Dailyscript on March 17, 2024, 05:53:03 AM

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.

People should adopt a flexible time-frame instead of a fixed one. This also shows that people like the OP may actually be under debt having taken a loan to trade and is now trying to double the money. That itself is a big stress factor that can lead to the entire endeavor going south.

Quote

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.

Indeed buying bitcoin at the low price and then holding on to that till it crosses all time high is a good option. But for this to be executed, you cant determine and fix a time frame, you have to flexible. Right now BTC is crashing after a bull run, you have to wait when to you, if you dont give yourself that time, you will not make money from trading but only end up paying some loan sharks.

Topic: Achieving a goal (Read 870 times)