Achieving a goal

[Strongkored]

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!
 

Do Your Own Research is the best suggestion because it will make you learn about cryptocurrency directly so that you can finally have the right knowledge because it comes from studying it yourself, and also with the right knowledge about crypto you can investigate every suggestion from the members so that do not blindly follow it but take decisions based on your own knowledge.

However, if you really want advice then Bitcoin is the safest in my opinion, but maybe the target of 8x from the capital will not be achieved according to the time you set, but you should be more flexible because instead of having to increase the risk by choosing altcoins so that the targeted profit matches the amount and the time then getting profits is much longer, in my opinion it is much better.

[1714479770]

1714479770

[shinratensei_]

like as you said trading isn't really a thing for everyone, at least from what I know only people that are truly committed are the one that succeed in trading, you actually can just keep up with investment since you are already scoring some great portfolio up there anyway, it seems like you really don't need to take different path if you're already doing good since it doesn't make sense to abandon gold mine.

regardless i personally also have abandoned trading around bullish like this, it just doesn't make sense to trade when you can just hold a coin and then make profit out of it in layman term, trading can only give you less profit than investing at least tahts from my experience.

if i were you i will just stay with investment on the likes of BTC, SOL, and ETH, the perk with having big capital is that we can be investing in these three coin despite their market cap already high we can still got good profit while mantaining risk to be tolerable enough. with lower capital, the increase won't be impactful.

[Litzki1990]

You want to start your investment with $25 and at the end of this year you want to convert this $25 to $200. If you are trading in short term plan and low profit then you need to have enough assets and select enough coins for your trading that have enough volatility in the market. Trading in coins with considerable volatility in the market will increase your chances of profit. Trading with $25 you will always be satisfied with a profit of one to two dollars and when $25 goes from $26 to $27 you will sell your coins and wait to take a second trade. Thus, if you spend time behind the market and take advantage of trading opportunities, you can convert your money to $200 in the next six months.

[Zanab247]

Using that amount of money to buy BTC at this season, it will not increase your BTC like when you wait for the bear run to come before you can buy with your small money and wait for the bull to come before you can trade to use that $25k to win $200k in the future.

 I have seen many traders who started trading with little capital, when the price of BTC was at $10k because they have the knowledge and they are doing well in their long term trading to continue achieving their goal.

 If you want to achieve your goal in your trading, make such you struggle to buy BTC when professional traders are buying from the market and look for electrum wallet to hodl the BTC like 7 or 8 years, and you will surely achieve your goal.

[Natsuu]

If you want to achieve your goal in your trading, make such you struggle to buy BTC when professional traders are buying from the market and look for electrum wallet to hodl the BTC like 7 or 8 years, and you will surely achieve your goal.

And you can see the time horizon in here to be 7-8 years. Most of new traders or investors now are really into quick multiplication of money. Those unrealistic expectations will only give you unnecessary stress in your trading. Once that strike you, FOME and greediness will strike in and instead of taking out your small profits and compound it overtime since you are afraid you may end up with negative PnL.

[bettercrypto]

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 really want to earn 200k with a capital of 25k, you have to take a risk in the crypto you choose to invest in. It can't be without risk, really. You just have to be wise with the coin you choose to buy. Know well or research how legitimate it is to be sure to multiply what you want to happen to your capital.

Prioritize the top altcoins, and there are big investors who support the coins you will buy, like Solana, Binance, and others. Because it is difficult for me to recommend them to you,
I just gave an example. Good luck to you.

[Sorryfor]

Your plan to make big profits in a short period of time with the amount of money you currently have seems a bit too risky to me. You can start trading with the amount of money you can lose in the beginning of trading and in this way gradually if your profit increases then you will get motivation and your motivation for future trades will work and you will be a successful trader at the end of the day. You can but if you aim for a specific time frame and move a little too much to achieve a specific profit, you may end up losing as opposed to making a profit. So learn about this before trading and gradually keep working to increase your experience.

[Dailyscript]

Your plan to make big profits in a short period of time with the amount of money you currently have seems a bit too risky to me. You can start trading with the amount of money you can lose in the beginning of trading and in this way gradually if your profit increases then you will get motivation and your motivation for future trades will work and you will be a successful trader at the end of the day. You can but if you aim for a specific time frame and move a little too much to achieve a specific profit, you may end up losing as opposed to making a profit. So learn about this before trading and gradually keep working to increase your experience.

This is one of the mistake new traders start facing when they venture into trading. Trading is a quick way to make more money but it is also a quick to lose money as well. Op in question lacks patience and modern way of trading requires patience to time the market. Its not all about putting money and watching it grow with a well structured pattern for trading it. There are various trading strategy and i think that is what OP needs to go and learn by making research on which of the trading strategy will favor his kind of personality. He might be an aggressive trader but there are disadvantages to an aggressive trader. If they do not learn how to control their emotions such people end up losing more than they profit from trading.

[Mahanton]

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!
 

Here are some common lines that we do really know;

1. Regret comes at the end
2. Learning comes from real experience
3. Self realizations after a disaster or unfortunate condition

You would really be definitely be able to make yourself learn on the time that you would really be able to make out those kind of realizations that came out from your own mistake.
We do have our own goals in life but on the time that we do sees out that we do become that unrealistic then we would be making out those kind of learnings that it cant be possible
or something achievable. This is where we would really be making out those kind of adjustments after that.

It would really be that normal that there would really be those errors on which its a common thing but making out some adjustments and sensible actions towards
it then this is something that will really be totally depending on a certain individual.

[$weetne$$]

You want to start your investment with $25 and at the end of this year you want to convert this $25 to $200. If you are trading in short term plan and low profit then you need to have enough assets and select enough coins for your trading that have enough volatility in the market. Trading in coins with considerable volatility in the market will increase your chances of profit. Trading with $25 you will always be satisfied with a profit of one to two dollars and when $25 goes from $26 to $27 you will sell your coins and wait to take a second trade. Thus, if you spend time behind the market and take advantage of trading opportunities, you can convert your money to $200 in the next six months.

It will take a very long time for any body to turn $25 into $200 in spite of trading everyday. If you are trading everyday you might make a mistake in one of your trade that will make you to lose some percentage of the profits that you made already and it will make you to have to start all over. It is not always good to start trading with low amount. A minimum of $100 is the recommendations I got when I started trading newly. Majority of new traders will lose their first trading capital therefore it will be very hard to finish the year still being in profits. You can decide to buy a new coin and hold for a long time until you get your $200 profits then you can use the profits you made as a capital to start trading for you to make more profits but just using $25 will make it very difficult for you and you might quit before achieving your goals.