Today's topic: How to turn a few hundred USDT into 10 million—there's only one way!
1. Manage your funds by dividing them into separate portions. This is very important! For example, if you have 100,000 USDT, split it into 5–6 portions and use only 20,000 USDT per trade.
2. Use one portion to buy spot.
3. If the coin's price drops by 10%, buy another portion.
4. When the coin's price rises by 10%, sell one portion.
5. Repeat the steps above until you've used all your funds or sold everything.
With this strategy, there's no need to worry even if the price drops after you buy, because we'll keep buying as the price falls.
In fact, if you've used all five portions of your funds, the price will have dropped by nearly 50% at least.
Unless there's a major market crash, prices won't fall that quickly. But looking at market trends over the past three years, the chance of a major crash is very low. In terms of returns, each time you sell, that portion of your funds earns a 10% profit.
For example, with a total of 100,000 yuan, if you use 20,000 each time, every sale will earn you 2,000 yuan.
But this strategy has a bug, too.
A 10% price fluctuation is quite large, which could make it difficult to execute trades and lead to long waiting times.
During that time, you can't make other trades either.
But!!! You can solve this problem by narrowing the price fluctuation range.
For example, you can choose coins with high stability and invest any idle funds in Binance Earn products. This way, you can earn additional returns while waiting for the price to move.@渔歌趋势
1. Manage your funds by dividing them into separate portions. This is very important! For example, if you have 100,000 USDT, split it into 5–6 portions and use only 20,000 USDT per trade.
2. Use one portion to buy spot.
3. If the coin's price drops by 10%, buy another portion.
4. When the coin's price rises by 10%, sell one portion.
5. Repeat the steps above until you've used all your funds or sold everything.
With this strategy, there's no need to worry even if the price drops after you buy, because we'll keep buying as the price falls.
In fact, if you've used all five portions of your funds, the price will have dropped by nearly 50% at least.
Unless there's a major market crash, prices won't fall that quickly. But looking at market trends over the past three years, the chance of a major crash is very low. In terms of returns, each time you sell, that portion of your funds earns a 10% profit.
For example, with a total of 100,000 yuan, if you use 20,000 each time, every sale will earn you 2,000 yuan.
But this strategy has a bug, too.
A 10% price fluctuation is quite large, which could make it difficult to execute trades and lead to long waiting times.
During that time, you can't make other trades either.
But!!! You can solve this problem by narrowing the price fluctuation range.
For example, you can choose coins with high stability and invest any idle funds in Binance Earn products. This way, you can earn additional returns while waiting for the price to move.@渔歌趋势