Achieving a goal - page 6. | Bitcointalksearch.org

EarnOnVictor

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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!

Then don't drink...lol. Bravo! You really want to use $25,000 to make almost 10 times of it in 2024? Well, it is very possible, and some traders can even make 100 times of it and even more in the same year. But have you questioned your expertise so well in this regard? It is easy to say one would achieve a thing but another to actually achieve it. Also, it is good to say that you will monitor your psychology, but can you really monitor it and avoid emotions whatsoever as you trade? Well, I wish you well in this quest and I hope you can give your success story at the end of 2024. But just for a piece of candid advice, if you are not the kind of trader that has had that track record in the past, I advise you not to go for these quests, unless you will not call as much as $200,000 for trading.

You might want to make a profit by not having a budget that could cause emotion for you when it is not realised on time and the years are running so fast. But to continue to trading with a low risk, and if you hit it, fine, but if not, fine as well, as what matters is for you to stay in profit no matter how little than losing your money.

Above all, I advise that you invest rather than trade, after all, that would automatically lessen your risk.

kojektea

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I just have a few suggestions. if you target 200k$ in one year that's not a problem. But don't rush to achieve that target, however, it's still early 2024. There's still a long time to get that target. If you are a good psychologist and have a lot of knowledge about trading, I think you can try this and achieve the target you want at the end of the year. From your portfolio it seems like you are quite an experienced person.

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If you are done with trading, then investing is a good option. Moreover, while waiting for the halving, you could get a decent amount of money by investing your money in Bitcoin. But if you say that you are successful in trading, which most people are not, then you can predict that you will not stop and will not just sit and wait. The best way out would be to psychologically and physically give up alcohol. If you have a good nervous system and patience, then you can probably find the right way out, but only if you are sober.

cafter

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

snip

do not set huge goals like 4x - 5x in one year, that too with money you cannot afford to lose,
If you want those big gains then you will need to take high risk and trade which i do not advice anyone, who is new to trading it's proven then not everyone make money in trading.
so do not trade with that money, if I was in your place then i would diversify that capital into various major altcoin and most in bitcoin, eth. and hold for some more years not only for 1 year.

Johnyz

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That's a good capital to start with, unfortunately if you can't afford to lose it then don't use it and have the specific budget for your investing/trading where you can still live a good life even if you lose it. Now if you are ready with that amount, here's the list of what I can think to achieve your goal.

1. Do a 50-30-20 strategy, or 50% for Bitcoin, 30% for top altcoins and 20% for trading with small tokens.
2. Keep learning, the market grows a lot and you have to grow as well, don't settle for a minimum knowledge, aim for higher knowledge.
3. Don't be emotional, you have to stay focus and don't listen to your emotion if its not within your strategy.
4. Stay consistent, you might find this strategy boring later on but you have to stay still and remember about your goal.
5. Just enjoy the process and don't make any pressure to yourself, if you failed this year then you can try again next year, what important here is that, at least you make a profit of 10% or more.

Awaklara

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

Also, It is an amount that I honestly don't want to lose since it counts significantly to my capital.

do you want to double your money? or do you want to invest?
Many people advise that if you want to invest or trade crypto, then use money within your means, and you may lose it.
that's the risk, if you can't afford it and can become very frustrated due to declines or losses, you shouldn't put your money.
Crypto trading or investment is not your place to double your money. Even with your patience in one year, you might not stick to your plan.

synchronym

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op Before investing you must decide where you want to invest. If you are interested in investing by watching YouTube then it is definitely wrong for you. Because in investing you must invest patiently and you must have enough knowledge about investment then you will not get success in investment. When we invest in anything, we have to keep the risk in mind. If you want to make a small profit with no risk then it is not right for you. You have to invest slowly over time and this way you will be successful.

wxa7115

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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!

So you are basically saying to us that the amount you will use for this cannot afford to be lost, you lost already a lot of money and this was because of a crazy drinking night, and still you want to obtain 700% in pure profits in a single year?

Where to begin? 700% in profits is possible but it is not within your control if you can get this amount, since you will need to either select a low market altcoin to reach that goal or use leverage, and both of those options are quite risky, without mentioning that even if you made the right moves everything could go to hell if you got drunk and made some trades again while in that state.

cryptoaddictchie

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

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?

It will depend pn your risk apetite. Are you a highly risky guy who willing to risk lets say $5k for such coin or token on trading? If yes you could definitely hit your achievement with a little bit of cautious and dyor. Anyway a lot has been doing that for a long time but market now is in the midst of confusion due to btc spot etf approval. It could signify a dump or pump based on result, and bidding on which direction its moving might take some advantage over investing.

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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!

Sorry to hear about your loss. Our mind should be fully clear and always try to trade in Normal position for getting better results. Trading when already drunk is very dangerous where one don't know really what he is doing know and same thing happened with you. Thanks for advice.

Back to your question you have still 25k$ and I hope if you wisely diversify then without risk you can reach your target. I recommend to use 10k$ for trading and rest of 15k$ hold in stable coin for any uncertainty happens. If you have full knowledge of trading then start with using same strategy and also some help from experienced traders. you already told that you are good trader but only your mistake was drinking. I think you will not feel any trouble with it. Don't trade for revenge but do it normally. Market is now fully bullish and many altcoins are showing high volatility which is best for day trading profit. you can check some coins and then choose 2-3 coins for daily trading until you get your target

2Pizza410000BTC

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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!

I don't know if you can convert your $25k to $200k or not, but my advice is to invest your $25k in Bitcoin. If you can keep your bitcoins invested then maybe bitcoin will halve this year, new bitcoin ATH will be created and your fund will grow a lot. If I ask you to invest in unique coins, it will be very risky for you. Also my further advice for you is don't trade with memeCoin, don't trade with passion and don't be too greedy on the trading platform. If you don't have enough skills with the trading platform then you should avoid trading altogether.

mirakal

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If you can’t afford to lose the whole amount of your capital, then try to reduce it and only invest on what you are comfortable of losing. Investing in bitcoin and holding it for long term still do not guarantee profits if you are not patient enough to hold. Know your investment and know the reason why you are supposed to hold for long term. And once you invest, just try to forget your investment for a couple of years and stop monitoring bitcoin price. That way, you won’t be pressured if ever there’s a market crash and you won’t push yourself to sell early and sell at a low price.

GreatArkansas

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Quote from: Oshosondy on January 01, 2024, 10:44:18 PM

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

Basically, I have around 25$k to invest, and I really want to hit least 200K$ by the end of this year.

Why not just invest in bitcoin?

I don't think investing only in Bitcoin with that amount of capital will be able to help you with $200k by the end of this year unless Bitcoin reaches 8x the current price, which is around $336,000.
So yeah, OP wants to achieve that goal by trading and I can say it is possible to achieve it by trading only, but the difficult part is when you start trading already.

Assface16678

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Quote from: Eternad on January 02, 2024, 10:20:44 AM

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.

WTH! This goal is surreal because if someone knew how to that here then he will not be hanging in forum discussing with random strangers. Your goal is almost x8 of your original investment while the amount involved is high. There’s no way you can hit this goal in a period of 1 year without engaging on risky trade such as future trading or buying shitcoins with high volatility.

Well your reaction is quite reasonable what the OP's target is quite a lot or lets say is not easy to achieve even he is giving himself a year period still even an experienced traders will have a hard time achieving it, what more people in this forum that will give an advise? I'm sure the advised that has been answered here are all the same and the common advised like being patient, consistent, and many more common advised that is always mentioned in a topic like this, But I don't think that it will help a lot on the OP on achieving its goal, because its still up to the OP on how will he trade, you are right if he will not do risky trades like high leverage or something then achieving the target will be a challenge.

Quote from: Eternad on January 02, 2024, 10:20:44 AM

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

Could you please give me some tips and advises?

Don’t set an insane target and be realistic or else you will be force to enter risky investments that will give you disaster instead of profit in the end of the year. Just buy Bitcoin and hold long term. You might hit this goal in the future.

Its okay to set an goal it might help him to trade more or to be more motivated to trade with care and profitable, the thing we might advised that don't be too greedy in a sense that you will keep on pushing to achieve the goal even if its impossible,s its okay to have a goal but don't expect that it will be easy or don't expect that you have a big chance of achieving it, the most important thing is in the period of one year you will gain a profit from your trades.

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Quote from: YOSHIE on January 02, 2024, 11:12:40 AM

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

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?

If you are referring to investment, there is a big possibility that our invested assets will develop solidly, you just need to be patient in waiting for the development of the type of crypto you are investing in to reach the expected level, My understanding is that investing makes many people successful in many cases.

Different in terms of crypto trading, with $25k capital you can become $200k in a matter of hours, with me you have the trading knowledge to do all that and trading also has high risks, For this reason, what you are doing is right in investing, you have to choose a type of crypto that is really popular to get big profits.

I do believe that patience is the thing that most people need to have now, because we are on the verge of a good bull run. I know that people are not certain, but it's there, halving is coming and it is going to be a great period without a doubt. Maybe you would not believe it, but I think everyone should believe that we are going to have a great period without a doubt. I think we should consider the best thing we could do right now would be making sure that we can hold as much as we can afford.

Some people are on the other side of the scale though, they end up holding way too much, and that means we are going to end up with them not having any remote understanding that we are dealing with something that will not be all that guaranteed, so do not hold more than you could afford.

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

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?

If you are referring to investment, there is a big possibility that our invested assets will develop solidly, you just need to be patient in waiting for the development of the type of crypto you are investing in to reach the expected level, My understanding is that investing makes many people successful in many cases.

Different in terms of crypto trading, with $25k capital you can become $200k in a matter of hours, with me you have the trading knowledge to do all that and trading also has high risks, For this reason, what you are doing is right in investing, you have to choose a type of crypto that is really popular to get big profits.

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

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.

You have to learn to control yourself because the trading process can actually be learned easily. The problem is that it's difficult to control yourself when you don't have effective methods and only you can control your greed or lack of patience. The trading process can be learned easily because there are many tutors and teachers available now, depending on whether you study it seriously or not.

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

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.

This had been warned long ago by people beforehand because when someone loses consciousness due to drunkenness it can have bad effects. I think what you need to do is stay away from drunken habits and that is important so that you can control yourself when involved in trading or investing and if you can't abandon that then any advice will be useless.

Eternad

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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.

WTH! This goal is surreal because if someone knew how to that here then he will not be hanging in forum discussing with random strangers. Your goal is almost x8 of your original investment while the amount involved is high. There’s no way you can hit this goal in a period of 1 year without engaging on risky trade such as future trading or buying shitcoins with high volatility.

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

Could you please give me some tips and advises?

Don’t set an insane target and be realistic or else you will be force to enter risky investments that will give you disaster instead of profit in the end of the year. Just buy Bitcoin and hold long term. You might hit this goal in the future.

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Quote from: hugeblack on January 02, 2024, 05:44:57 AM

You want about 8 times the amount in about 12 months and without risk or loss of part of the amount. Getting such a guaranteed investment is too good to be true, so beware of anyone who may offer you an investment opportunity like this.
If you invest in Bitcoin, it will be possible to get X3 or X4 profits during the next 18 months, but more than that is a little difficult.

And you forgot the part that OP is likely a newbie so what OP is asking is definitely one where he/she is looking for the perfect advise and I don't think that there's ever something like that to ever happen, unless OP invests in a lot of new crypto that's got the potential to grow exponentially then OP might get that goal but that's difficult because altcoin market is full of shitcoins. Maybe if OP considers trading or using copytrading then he/she will likely will reach that goal in that timespan.

libert19

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You could invest your $25K to Ethereum, and wait until it doubles, it's sure to. Once it does, take out your initial investment and play with profit, you can take suggestions as you deem fit for what to with profitted money from rest of comments to make you reach goal of your 4x.

It's relatively easy to gain few x returns in crypto, but you must be careful in safe guarding your investments. Don't hold your funds on exchanges. Create new ethereum wallet on Metamask, make sure your pc is clean from virus/malwares and hold the seed phrase dear to your life. Never reveal it to anybody, no matter the circumstances.

This is my personal advise, but you alone will be responsible for what you do with your money.

Topic: Achieving a goal - page 6. (Read 870 times)