Binance Square
Discover
Following
News
Stocks
Notification
Profile
Bookmarks
Chats
History
Creator Center
Copy Trading
Live
Settings
Post
易琳Ten
--
@饼哥HODL
饼哥HODL
·
--
In crypto, you need to figure out how to build up 1 million in starting capital first. And if you're starting with only tens of thousands, there's only one way to get to 1 million: keep rolling your profits back in.
Once you have 1 million in capital, you'll find that your whole life seems different. Even without leverage, a 20% rise in your spot holdings would make you 200,000. That's already the annual income ceiling for the vast majority of people.
What's more, if you can turn a few tens of thousands into 1 million, you'll have picked up some of the thinking and logic behind making serious money. By then, you'll also be much calmer, and from there it's just a matter of rinse and repeat.
Here's one thing to keep in mind: stop dreaming about making tens or hundreds of millions. Be realistic—don't brag. Bragging only makes the bragger feel good. In trading, you need to recognize the size of an opportunity; you can't stay underinvested or go all in all the time. Keep things small in ordinary times, and when a big opportunity comes along, bring out the heavy artillery!
For example, rolling your profits back in is something you should do only when a big opportunity comes along. You can't do it all the time. It's okay to miss one, because you only need to pull it off successfully three or four times in your lifetime to go from zero to tens of millions. That's more than enough for an ordinary person to join the ranks of the wealthy.
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.
193
Join global crypto users on Binance Square
⚡️ Get latest and useful information about crypto.
💬 Trusted by the world’s largest crypto exchange.
👍 Discover real insights from verified creators.
Email / Phone number
Sitemap
Cookie Preferences
Platform T&Cs
Sitemap
Platform T&Cs
Cookie Preferences