Topic: Plan for making a small dream come true (Read 537 times)

That was a pretty unrealistic price for me. Yeah, I couldn't imagine seeing that price reach during ATH, maybe $120k is possible but reaching $150k is too far (maybe 2 decades from now).

Making a plan is very important but should be realistic. Knowing how volatile is the market, it was too uncertain to see what would happen a few days after the day we set our plan. That is why I made it feasible and if ever my target is wrong, at least it was close to achieving and still making some profit.
I hold BTC, ETH, and BNB they seem to be a great choice.

All those who invest in crypto are in hope to find a big profit through small investment therefore they often choose altcoins as they are cheap but sometimes they increase in worth so highly that they can give large sum as a sort of prize. buying some profitable altcoins at lower price is not a big mistake because if they goes pump then can give you tremendous success but if unfortunately it does not increase then your loss will be less.

All circumstances are possible in the market of cryptocurrency so if your aspirations are good and select coin Wisely then you will gain profit according to your aspirations. Everything can be achieved but it requires some times as better things takes times to come and those who cannot control their anger and greed they cannot achieve the target.

I'm sure you will soon achieve this target when the bull run comes. I want to talk about BTC because most of my portfolio is currently filled with Bitcoin. Honestly, your target is very reasonable and therefore I say that it is very possible that this target will be achieved when the bull run comes. but for me personally $120k is still too low because I have a target of at least the price of BTC in the next bull run is $150k.

Great strategy, this is a fail safe plan. I too have something like that placed but a bit humble and closer. You would double your investment mostly within the first two exit points and hitting the 3rd or 4th would be an added bonus.
And as the general trend of crypto is upwards, there's no doubt you'll hit them. It's the time we are not sure about.
Everyone interested in investment should have such plans to have a profit in short term as well as in the long.

I hope that all the target you set can be achieved, because I have several cryptocurrency that you mentioned, so if the price increases according to what your target, then of course I will get a big profit, therefore I hope that everything your target is achieved and I will also continue to do DCA until the next bullrun occurs, because I don't want to miss the current opportunity to buy cryptocurrency at a cheap price.

I am aware that apps like that exist, and while they do in fact simplify monitoring the price of all the coins in which you have invested your money, what I do not know is if they can monitor the relevant news that could affect the price of each one of those coins, as this is where the main difficulty of monitoring so many coins really is, after all despite most of my money being invested on this market is on bitcoin, sometimes I even have problems getting to know everything that happens around it, so I do not want to even imagine how hard it is to keep track of several dozens of coins.

I think everyone has plans and targets from small things to big things, of course they hope that these things come true, for example buying meme coins at a cheap price can be sold at a relatively high price, and in my opinion anything can be done in the crypto world, The most important thing is that we have to have a lot of mentality and patience, because everything that goes through the process will definitely not disappoint.

I think by the end of the year BTC will be above the figure you mentioned at $74,456.00, it is very possible, especially if the ETF is authorized by the SEC, but we also don't expect much for now. It's already predictable that something will cause the price to crash. wait and see, I think it's done.

I will respond to Bitcoin exit point #2.
It is still reasonable if you exit from the second point as the exit may not be too high but it is quite realistic while for point #1 it is still too low although it does not matter if you sell some of the bitcoin holdings but if you buy from now then the profit has doubled.

It would be better to continue holding until the price reaches $100,000 which is still reasonable and some predictions conclude the same here at that point.

We are exactly going to see this rate, after fitting the ATH, it will at last reach this rate as well. I am also sure about this and this can be a reasonable target to have. Maybe vulnerable between $70k - $80k is an initial target we can set.

But this?
I also hope that this will really happen and how happy we will be if this rate can really be achieved. This would be very big news again for Bitcoin. yes, of course everyone expects this rate. But is it possible? That might be a little difficult because the rate seems to be too high, isn't it? I'm just worried that it will be like last season where because the predictions were too high and we thought too far ahead it turned out that Bitcoin couldn't achieve it. And finally we are too late to take profits. So I think I'll lower that goal to no more than $100k. And of course we will continue to monitor Bitcoin's development during the next bullish era. Don't miss it and be late again to take profits.

Sometimes that's not wrong either. If there is a price reversal at that time, this position will certainly be very profitable and after a few hours you can place another buy bid. But, prices move sometimes beyond our reasoning. yes. All prices move according to demand and this can be seen in daily transactions. If trading via the Smartphone application, we can monitor it via charts, for example using KDJ, there are colors so we can see the direction of the price movement.

In my experience during the previous bull market, I sold my crypto holdings early in the first surge of price increase because of my fear that it might suddenly drop again. I didn't expect that the prices would continue to rise. I regretted selling my long-term hold coins too soon as the market kept going up. This action made me realize the importance of having a well thought out exit plan.

In connection to this thread, it's crucial to have predetermined exit points for the next bull run so that you know when to exit. However, the exit target prices set by OP need to be lowered. Nevertheless, we can't accurately predict how high Bitcoin and other cryptocurrencies will go in the next bull run, everything is still speculative at this point.

there are certainly some apps that can help manage multiple portfolio, i think the difficult thing is finding the truly good coin, I mean there are only quite few coin that have good fundamentals and newbies are often falling into trap of some shitcoin just because they see other people making good money out of it, then they proceed to diversify with their capital into these multiple shitcoin becasue lets be honest here, diversifying across multiple shitcoins aren't diversifying, because all the shitcoin have high risk of volatility and also manipulation so their diversification absolutely does nothing.
this is the thing that newbies usually does, diversifying in the wrong coins which have the same risk wasting so much effort for the same results in which i believe also just gonna cause losing money when the market's bullrun ended.

XRP's exit point is high but I am not saying that it is impossible. All of the price points that you've given are high but I think it's too early for you to get out for Bitcoin.
Aren't we going to have an exit when it reaches $500k-$1M? Anyway, good luck with all of the exit points 1 & 2 that you have mentioned, many seems to be quite high and we don't know if they'll be reached but it's okay.
This is the crypto market that's highly volatile.

All the exist points are achievable but the exist point 1 and 2 might difficult to achieve though I don't know your pocket (income) and if I were your I have set only one output point for one coin and not all the coins in the cryptocurrency. And if you think that splitting your investment will give you more profits then you are to continue but don't forget to understand and know the risk involve. And according to a saying which has been trending in the forum decays. "Only invest what you call offer to loss", though your modality is  good ouput.

The proverb states that you should ‘buy the rumor and sell the news’ and this is because if you wait for a rumor to be confirmed to be news by the time you reach the market and try to buy an asset you will notice that most of the movement has passed already, instead you need to keep track of the rumors and buy an asset when the rumors get too strong, and this is exactly what we are seeing with bitcoin, in which a bitcoin ETF is rumored to be approved soon and the market responded very quickly to the rumor.

Well op had given his own opinion about the market and it is left for us to make our decisions too without having getting hints from influencers from the Crypto market. One thing we need to understand is that, we don't know how the bull market is going to look like or how it going to be massive but all we have to do now is to plan for the coming bull so that we can also make profits for ourselves too. Everyone can choose the level different cryptocurrency projects will reach and who knows if that would be the direction of the market.

Yes. That's a classic method too. but, quite effective for increasing your profits in crypto. But in my opinion, if we always get the news updated and correct, lately the market has been very vulnerable to news from the main media which is concerned with developments in the crypto world and investors also respond quickly to issues that are or are predicted to occur. You really have to be smart in reading the situation exactly like you do.

invest with news
This may be a way to pursue what I think is a mistake when we are easily moved by external information agents. In recent days we have also witnessed sharp fluctuations in legal issues related to FUD.
Since not everyone trusts bitcoin and has money ready to accumulate at all times, the opportunity is rumored to be on a four-year cycle, but nonetheless if you hold some of the fundamentals in the market I think it won't be difficult to make a good profit.

I will not say anything bad about your target selling prices because I will use it as a reference on when will I sell the tokens that I'm currently holding.
I guess what I will say is that, don't just focus on selling at the prices that you gave. What I mean is that, let's say ATOM reaches around $75, and your target is $80, as long as you're contented with the profits that you got already then at all means sell. I'm just thinking "What if it doesn't reach that price, and instead it went the opposite way already?" I call it securing profit.

We have different target prices when it comes to both buying and selling. Some of your target prices are kind of high, but it will depend on how long are you willing to hold that coin. For example, Ripple @ $9 is kind of impossible as of this moment because its price is below a dollar, but there's a chance that it might reach that price after a decade or two, on the other hand, there's also a chance that it might not that reach that price at all. Same with all of the tokens. One thing's for sure though, Bitcoin will reach $120,000, and as an optimistic investor, I will predict that it will reach this upcoming bull run.

Now to answer your question, not all of them will achieve your targets this upcoming bull run. XRP might not even reach that $3 price TBH, ADA might reach that 3rd exit point because it's previous ATH is at around $3. I don't know about BNB if it will reach $1400, and even $1000. ATOM might not even reach the $80 price as well.