Achieving a goal

[MFahad]

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

[1714555755]

1714555755

[cryptoaddictchie]

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.

[wxa7115]

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.

[synchronym]

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.

[Awaklara]

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.

[Johnyz]

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.

[cafter]

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.

[lovesmayfamilis]

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.

[kojektea]

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.

[EarnOnVictor]

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.

[Cookdata]

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!
 

There is nothing that comes close to determination and achieving your aims but calm down, crypto trading is more than the way you view it, looks more harder than the testimony you hear out there. I have a question for you and they are:

• Do you want to trade with the capital as a real trader or you simply want to buy and hold till when it's profitable to sell them. If you want to buy and be holder, then you just need to ask and do your own research(DYOR) on some coins and invest in them but if you want to be a trader. I have another question for you
• If you still have experience in trading, then I guess you know what to do next, get your shot together and try again
• If you don't have any or you probably not interested, then buy and hold instead, that's the easiest way I think you can safely invest in crypto or trade.
  

Don't forget to not get greedy this time. Stop drinking, this is 2024, it will help you a lot.

[Ben Barubal]

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 allocate the 25k$ to bitcoin, you will definitely have a profit that you can really get there; it's just that it may not reach your expectations of 200k; for sure, it can only reach x2 or x3, but it's still a profit.

  But if you allocate half of the 25k$ that you have to other top altcoins and some meme coins that are also listed at the top of the market, it is possible that you will get your target or more than 200k if you really choose the right potential altcoin market.

[dunfida]

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!
 

One of the main rules into this investment world specially on crypto-- "TRUST NO ONE"
When it comes to advises and recommendations then its not bad to hear out on someones advises but it would really be still that depending on you in the end of the day.

Here some key reminders;
1. No one really knows on what would happen in the future
2. No one knows on which coins/projects would be flying out in terms of price or value

Since you've been saying about your experience on trading and having that significant portfolio amount which it did come down to 20k
then as long you arent selling something then those are just unrealized profits so it would really be just fine. We are still approaching upcoming bull run
so chances of recovery is there, unless you panic sell. 

[Maslate]

That’s possible if you stick to bitcoin and put a significant amount of capital. Bitcoin’s price will continue to surge high as long as it can, as long as there are no negative factors that would hit and affect the market well. However, if you focus on altcoins, having that certain amount of goal will probably won’t be realized. But if there’s altcoin season in the future, that will sure to happen. But bitcoin bull run comes first before altcoin season, so focus first on bitcoin before you decide to diversify your investments.

[Dave1]

That’s possible if you stick to bitcoin and put a significant amount of capital. Bitcoin’s price will continue to surge high as long as it can, as long as there are no negative factors that would hit and affect the market well. However, if you focus on altcoins, having that certain amount of goal will probably won’t be realized. But if there’s altcoin season in the future, that will sure to happen. But bitcoin bull run comes first before altcoin season, so focus first on bitcoin before you decide to diversify your investments.

Bitcoin is the main target, we buy bitcoin during the bear season and wait for the bull to come. Since we don't know who to follow and how the market moves from one direction to another, the little knowledge gathered should be put into crucial work, never ending ground. We sets our goals for the new season, specifically striving harder in altcoin season, because that's more like the crude oil of crypto during the bull season. Playing safe not to invest in altcoins that that comes my way, I'm just trying my best to play safe and become gallant in the market. The market is volatile, we're used to the up and down movement of the system.

Yes, but maybe he is kinda late as the best time to buy bitcoin is last year when the price hits $11,500.

But in any case, yeah he can still invest that money in bitcoin but the returns might not be that big as he expected. But it's really hard to advise altcoins, as what is the best because it's more volatile and unpredictable as compare to bitcoin market.

So the best advise to the OP is just research and see what coins he really wanted to invest.

[the rise]

Of course, I can. but you have to be brave with this trading because of the high risk. Let's say your target is 200k$, which means you are willing to lose the amount of your trading capital. I think we can't just calculate the profits but also the losses we get as a result of some errors or invalid analysis or FOMO. I don't want to discourage you, but we have to be realistic about market conditions and don't rush to achieve that target.

[Volimack]

Trading has high risk because of high risk the trader loses his capital. That's why you have to know the disadvantages. These are generally classified as long term medium term and short term. You'll see strategies that require you to use a one minute time frame as well as strategies that work best with a one month time frame.

[Barikui1]

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 can't tell you too trade the futures market due how risky I believe it is with such a huge amount of capital, and besides I don't know how skill you are as a trader, but what I am confident about is that it's more better you buy and hold Bitcoin.
The bull run is around the corner so it's another opportunity for you to buy and hold.

[Y3shot]

I will advice you if you are doing for trading or investing you go with amount you cannot afford to lose. If you think that the amount you are about to trade with if it gets lose it will cause you pains and regret don't bother to risk it. It is important people don't need to be in rush to trade when they are not sound in trading because it can lead to lose. Achieving a better goal in trading, first thing that needs to be consider is learning to gain knowledge and to follow the rules that is required in trading .

[doomloop]

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.

It is our money so we should decide for our own but before we invest on a crypto, we must invest knowledge first about the coin that we will be picking so that we will know if they are worthy or not. Not only knowledge about the coin but everything about crypto. Youtube might be one of those sources next to the forum. Many people find it easy to learn from it because they are watching the lesson. Wanting to earn small or big profit, has their own risk.

It's just that the risk is only small if we also want to earn small. If we don't want to face a risk, then it's better to not invest anything. It might actually be better than just losing money because you don't know what you are doing.