Is the amount of capital important in the cryptocurrency world?
When investing in cryptocurrency, capital is of course important. No matter how hard you work, it is almost impossible to turn a few dozen U into a million U.
But 5000u, 10000u, is enough to create many possibilities.
Everyone seems to think that if you want to make a lot of money, the first step is to have a lot of capital.
Let me tell you a secret. For most ordinary traders, the amount of funds is really not that important. To prove my point, I observed many people around me who are very good at trading. It is very interesting. Most people who start trading are not the richest people in the circle, but what do they have in common to become big? They are patient, never leave the gambling table, always waiting for opportunities, try to accept their own shortcomings, and then learn, and never procrastinate, and have strong execution.
At the same time, I have also seen many people who are rich or have sufficient cash flow, but they keep losing money because they think they have the capital and confidence and can't lose all. They also have one thing in common, they know their trading methods are wrong, but after I point it out to them, they never improve. After so many times, I no longer care about them. Respect the fate of others.
As for the funds, I personally think that 30,000 to 50,000 is the most suitable for playing in the cryptocurrency circle. If you have more, it will affect your mentality and start too slowly. In fact, as long as you have formed your own trading system and your own trading logic, it is completely possible to make hundreds of pure profits with 30,000 to 50,000 in a round of market. Don't think that you can't lose everything if you have a large amount of funds. If your 10 million account is liquidated, it will be zero just like your 10,000 account is liquidated.
If you want to be a good trader and make a living by trading, you must develop your own trading system and trading logic. Yes, start now.
First, don’t have a contract. If you have to, be patient and wait for good news, use low leverage, and do some short-term trading.
Don't think that you can make money by daily contracts. Many new fans of Daxing do this. They look for coins to do contracts every day, making small losses and small profits. Even if you occasionally see a big rise, the next time it explodes, it will still be zero. The rise and fall of the coin circle changes rapidly, and it is impossible to bet right every time. Many old fans of Daxing with high funds hoard coins, and they hoard for a year.
Second, when the bull market comes, look for three or five potential coins and stock up on spot. Remember to find those from leading exchanges, like Binance. Potential coins are bound to rise in the bull market. Small exchanges may be unable to recover, but Binance will not.
In fact, there is only one way to make money in the cryptocurrency circle, which is to wait for the bull market that comes every three to five years. Once the bull market comes, buy in at a low price, and it is not impossible for the spot price to increase by a hundred or a thousand times?
To invest in the cryptocurrency circle, follow the big stars and click on their avatars. Coins with the potential to increase a hundred times in the bull market will be shared with you free of charge. There is no threshold to enter the circle!
