What do you mean by hoarding coins? It all depends on luck to buy any coin. If you think you can win the lottery, then go for it.
Let's talk about something more scientific. Taking contracts as an example, there are only two directions for opening a long or short position. Even if you call an old lady or flip a coin, and do it infinitely, you will still have a 50% chance of winning. There is nothing to refute about this. If you are willing to study hard, spend half a year to finish reading most trading books, and build your own trading system, can you increase your winning rate by 1%? Just 1%, no more, then you now have a winning rate of 51%, and each time you strictly stop loss and take profit, the ratio must be more than 1 to 1.5 each time, that is to say, if you lose 1 every time you open an order, and if you make a profit of 1.5, then in the long run, excluding the handling fee of 9, you only need a winning rate of 40%, you can ensure that you neither lose nor gain. If you have a 50% winning rate, you can get a profit of 50% after 100 orders, even if your profit and loss ratio is 1 to 1, a 50% winning rate also means no loss or gain. Taking the 5-minute short-term order as an example, there are many opportunities in a day. We assume that we make 5 orders a day, 50 orders in ten days, and 100 orders in 20 days. Under the profit and loss ratio of 1 to 1.5, the profit in 20 days will reach 50%. Assuming you have 1000u, then after 240 days of mechanical statistics, you can exceed 1 million. If the profit and loss ratio is only 1:1, and the winning rate is only 51%, then after 3 years, your 1000u can become 1 million. Of course, people who know how to trade will definitely not trade with a profit and loss ratio of 1:1. For a contract order, if the profit and loss ratio is 1:1.5, the winning rate is 50%, and the full position is 10 times leverage, the risk of liquidation is 0.8%. But if you add the extra 1% winning rate you get from hard work, there will be no risk of liquidation, provided that each order is strictly stop-profit and stop-loss.
So study hard, study like you would for the college entrance exam, and then do it scientifically and mechanically. Don’t be influenced by what others say. You can achieve anything by persisting in it for a long time, and the same goes for the cryptocurrency world.
In the end, you will find that the most difficult thing is not the technology, not the long or short position, not the amount of capital, and 1 million is not a luxury. It is how to overcome your own human nature. When you are 1000u10000u, you can keep your mind. What about 50000u, 100000u? A 1 second jump will make you terrified. If you can remain calm and steady in the face of huge amounts of money, then congratulations, you are not far from success, and the goal of 1 million is small.