Topic: Achieving a goal - page 4. (Read 1175 times)

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.

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.

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.

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.

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.

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.

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.

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.