Topic: Achieving a goal - page 5. (Read 1175 times)

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.

Just investing in Bitcoin will not gonna make that much return, unless the user decides to play with it like buying and selling in the short frame and that is what I am gonna suggest too considering the risk which is lower than investing in a random altcoin and expecting it to grow from $0.1 to $1.

Or let's break down the capital further, 20K into bitcoin trading and 5K into altcoins, just consider that 5K can grow 100K or fall to complete zero then try to utilize the volatile swing of BTC to convert USDT or any stable coin back and forth and try to capitalize as much as possible.

The only reasonable advise for you is to invest in Bitcoin. You can use all the capital to buy Bitcoin and watch your money grow.
You will be able to make reasonable amount but I am not certain that you will be able to make such amount of money you have in mind.
Using just 25k to get 200k is a pure greed and you have to remove the mindset out of your mind. Cryptocurrency is not a ponzi scheme, you will have to invest and watch your money grows.

You don't want to risk that much because it's probably all that you've got now. But if you are going to pick some altcoins, make sure that you'd pick the best one for you. It takes time to have it like 8x of growth but if you're going to the hectic way, you'd definitely have to jump from one coin to the other if you don't have patience. But if you do, make sure that you'll choose the right one. I'd rather go with a better and more proved way of doing it through ETH and BTC but I won't give myself a timeline of just one year.

Trading will only used up all your money if you continue trading without proper skills and experience. I suggest focus on investing first as the risk to lose is quite less, but never use your money that you can't afford to lose. There is no fixed results when it comes to any form of investment, everything is uncertain really.

However, if you focus on bitcoin and invest in long term, the probability to be in massive profits is high. But you have to establish your knowledge first on your investment, then build your faith and patience so you can manage the high volatility of bitcoin and its market uncertainty.

     If you had already started that at the time you posted this, it is possible that what you say is profit will happen, especially if you used it with bitcoin, and it is possible with ETH, BNB, MATIC, and other cryptos as well. That is, as long as it is on the top list, it can be said that you are secured in the profit anyway.

     The question is, did you buy it? Just divide it into different assets here in the crypto business industry so that at least your assets are scattered and can give you earnings in the future.
So good luck to your investment anyway to your capital investment.

I wouldn’t recommend you to any of the Trading platform or any of the coin that you should buy to increase your fund. That is nothing that comes easily, but I would tell you to take the ricks go to CoinMarketCap check some coin ask questions and also don’t forget to have some bitcoin in your wallet because it will also help and go make some research and continue to ask questions please don’t make use of your money, useless and don’t spend it on any coin that you think that is better think very well and analyze properly before taking any step Money is not easy to get

$25k is not a small amount of money, and if I should follow what you are saying, I think you still have some little tips before investing. Even though you stated that you have control over emotion and have the knowledge about what you want to do, you may lose. Did you know that sometimes things just go because of the knowledge we get in the crypto space? Sometimes luck also works here. However, if $25k is the amount you have in your account, I won’t advise you to use it all for what you want to do, whether trading or holding, because both carry some risk. You should use some part of the money to invest, or, to cut a long story short, use the amount you can afford to lose. So that you won’t come back to this thread and panic, we advise you to invest all your money.

However, bitcoin investment will be the best thing you should do, but there is no guarantee that you are going to get your money back with profit at the end of this year, as you stated. Again, you said you wanted to spend $25k and get back $150k, man. That is too much based on your own perception, although it may happen, depending on the way you are viewing it. And I can say you still have greed in you. Did you know that too many expectations may spoil your investment because you will have no rest of mind even after investing in a good project? So I think you should think twice before you take the next step towards this.


Exactly. The OP needs to understand this and keep in mind that he still has a lot to cover before trading because trading is not easy and he thinks it will take him much time before he can become a professional and start trading on his own. Furthermore, trading has a lot more risk than he thinks because if he knows how risky trading is, he won’t think of getting the amount he stated at the end of this year. So therefore, if he really wants to trade, he should learn much before he starts because, from the way the OP is talking, I can say there is greed in him.

If you keep following the "orders" or even suggestions of other people, you will end up losing a lot of money and there is nothing you can do about it. It is clear that you are going to end up losing money, and that is why you should be a lot more careful, if you are careful and learn how to trade yourself then you will stand a chance. I believe that the best thing to do right now would be making sure that we are dealing with something that is a bit tough without you knowing anything about it.

Trading is a very tough deal, and it requires a lot of studying, and that is why you should be considering that as a blessing. I know it takes time, but that is just how it is done, there is nothing else you can do about it.

Taking into account their goals I doubt they will want to invest in bitcoin, as even if bitcoin is bound to give great profits during the upcoming bull run, it is unlikely that it will give such high profits.

So the OP has no option other than to try to invest in altcoins, but this is where the reality cannot match with their expectations, as in order to have a chance to make more money you have to take greater risks, and they are very clear about their unwillingness to lose the money they want to use to invest in this market.

   What you are saying is correct; it is not because someone has given advice on this forum platform that we will immediately believe it. Of course, we must first learn to analyze the opinions of the various communities here. Then, when you have seen and balanced the advice that was given to you, you will now decide which one of those you think will benefit and help you.

   That's the simple thing I do, and I often even combine the opinion of others with another opinion of mine because it's really good and useful.

Psychologically you say and that be, the thought in your head which could change anytime but, why let it affect you this much since you practically know what the problem was.

You’ve advised not to be intoxicated while trading,
Your claim is that, you are/were actually a good trader but, one drunk move towards trading was were you got it wrong.
After making the rulings of what was the issue behind your misfortune, why not correct and continue. I get it to be risky but, you could still trade if you want to then let a gained knowledge and skill deteriorate.

Still, you could seek the paths to buy Bitcoin and hodl if you don’t hope to take much risk. Otherwise, trading is where you can build the portfolio you present in OP within a short time frame.

People should realize this on which there's no such thing about some rainbow unicorn on which making your 25k to $200k in a short span of time, even if you do stick yourself into those top ranking coins then there's
no way that you could hit up x10 in a short span of time but now that we are fast approaching on bull run period then it wont really be that a bad idea that you would really be making yourself that having some decisions or movement on investing into top tier coins considering that we are really that moving upward gradually.

Just some tips or recommendations that it would be better that getting in or timing will really be best on the time that the market would be having that huge retracement on which
this could happen a few weeks or months later after the halving period on which i could say that this would be the sweetest spot for you to maximize profitability on which we know that it could
be the best place or price that we could really be able to get in but well it would really be still depending into your own choice.

Thing here is that you do set up some goals but of course you would really needing to work hard for it and make out some good decisions in terms of entry
to make that possible maximize of profits.

From your short story, you must have learnt a lot from the past and won’t want a repeat of what happened to you again. If you’re sure that you’ve worked on your psychology and you will also be patient enough to allow the investment grow, you should consider investing more in bitcoin and some potential altcoins that have made it through the market over the years. It is true that some altcoins, maybe meme coins that are making waves in the market but just know that they’re risky and since you’re investing with money you would like to lose, I wound advise you stay away from them and invest in a more realistic coin.

Yes, of course it will be very difficult to recover from losses from investing by following advice from other people and also we have to ask that person for advice again about the investments we make and in my opinion it is not very good for us to depend on other people's advice because we will not be able to develop if we continuously follow people's advice about the investments we make.