It is known that most people who enter the crypto market expect to make colossal profits. Many would like to make 50X, 100X or even 1000X. They don't understand that the currencies that made such profits also involved risks and nasty situations. A classic example was the AXS coin, which rose a lot in the last cycle, and some made a lot of profit. Such coins give people the impression that they too can multiply their money 100 times.
Is this feasible? Most will say yes, but let's see what we would have to do to get such a profit. If a coin had bottomed out at $1 and reached an ATH of $100, then it would have had a hundredfold increase. So if you invested at $1, you would end up with 100. I underlined the word if. Those who have been here for a while already know the market and know how things work. The smartest way to invest is DCA (Dollar-Cost Averaging). DCA means not to invest the whole amount, but to divide it to invest a little at a time (days, weeks, months), to get a good price average. Catching the bottom is extremely difficult and rarely achievable, being often a matter of luck. The same applies to selling, when you feel like you know what price the coin will stop at.
Am I able to get this? If you did DCA you could definitely get at least 15-20X on that coin. What can stop you from making even this achievable? Unrealistic expectations! Have you invested in a coin and expect it to make it to the moon? It is a typical example of unrealistic expectations. Many times people expect to make massive profits from a coin and look forward to it going up to the price they want, and so many times we see people who are sad that they lost the ATH or are still waiting for it in bull market. These things happen, in most cases, because there is hype on a particular coin. People become irrational and lose a lot of money or certain profits. For example XRP, a coin that boomed in the first cycle, is now still struggling to pass the first ATH.
What should I do? It's very simple! You must have a smart selling strategy. Currently DCA has proven to be the most effective, being used by most investors who make profit from crypto. Learn to set reasonable expectations when it comes to profits. Many do not understand that even a 2X is a grandfathered profit if the investment is for one year. Many companies barely manage to make 20% annually. To get an idea of where the price might go, look at the chart and see what the coin has done in past cycles and take into account: coin popularity, utility, adoption, market cap, team behind the project and what is currently developing. This way you can get an idea of where the currency is headed and if it will pass the ATH of the last cycle.
Conclusion: The crypto market is full of opportunities, but also significant risks. Unrealistic expectations, such as the desire to make huge profits quickly, often lead to disappointment and loss. Success in this field requires a rational approach, strategy and discipline. The DCA (Dollar-Cost Averaging) method is one of the most effective for reducing risks and increasing the chances of long-term success. Instead of dreaming of returns of 100X or more, set realistic goals and rely on a solid analysis of the market and the projects in which you invest. In the end, even a modest profit is more valuable than a loss caused by false expectations.
