Achieving a goal
Achieving a goal
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.
You want about 8 times the amount in about 12 months and without risk or loss of part of the amount. Getting such a guaranteed investment is too good to be true, so beware of anyone who may offer you an investment opportunity like this.
If you invest in Bitcoin, it will be possible to get X3 or X4 profits during the next 18 months, but more than that is a little difficult.
Investing an amount you can’t afford to lose? I wouldn’t be in support. Rather you should invest an amount you can you afford to lose.
Even if one is to give you an advice it will be very difficult since your mind won’t be at ease every single dip the market takes. You are quite aware of the market volatility so there will be bad days but the key to achieving your aim is patience.
I advise you you take a break from trading and rather invest in bitcoin, alt coins can be quite profitable too but they are more risky so bitcoin is the best investment option i see it is more reliable and less risky. Bitcoin has been predicted to move mountains this year and coming year so don’t miss out on the opportunity to witness a new ATH.
Not really sure what to recommend to you here besides the typical investment advice:
1. Pick your investments. Take your time, and don’t just buy something a YouTuber recommended.
2. Control risk. It’s fun to buy memecoins and hope for a pump and dump, but only place very small allocations to them, or maybe not at all.
3. Patience.
Also, take note that you pretty much want a 4x in a single year here. That multiplier is definitely possible, but you’re going to need to turn your risk profile up a notch here. So while you can hit 4x, you can just as easily cut your portfolio value into 1/4th or lower.