Hi all. I have a question. Approximately how much capital do I need to have before the bull run to reach my goal of $130 thousand? 20 thousand? thirty?
That totally depends on the coins you are buying and their growth percentage in the bull run. However, the higher the capital is, the higher the profits will be. For example, if Bitcoin is priced at $30k and you buy $15k worth of Bitcoin, when the price of Bitcoin reaches $31k, you will get $500 in profit, whereas, if Bitcoin is priced at $30k and you buy a whole Bitcoin, you will earn $1,000 if it manages to go to $31k. That's how a higher capital affects the profit percentage you might get.
That being said, it still will depend on the coins or tokens that you will be buying when they are low and selling them when they are high. You will need to get 13x profit if you are using $10k as your initial capital, in the same way, if you are using $20k, you will need to get 6.5x profit in the bull run.
You are using price target without indicating the capital size you are explaining, only the profits you were giving out, I believe $1000 was the basis you were using as the capital example and with such explaination, it is very clear that percentage increase can give you the type of profit you want or wish to have but I hope you know that it is not only in percentage increase alone money can be made from, you make it also from % decrease as the subject says, there are opportunity in every direction of the market.
Making money here really depends on how lucky you are to have bough the right project that blew up before pump, the one that captire everyone and the one the trade maketeters all hype very well, if you have just one of them to have bought just $100, you will not regret spending $1 to buy any coin in crypto.