In the cryptocurrency world, you need to find a way to make 1 million first. If you only have tens of thousands of dollars, it’s really meaningless to trade every day. It’s better to work properly. This means making 1 million by trading, not investing 1 million. If you don’t have enough knowledge, you will lose everything even if you invest 1 million.
Only when you have 1 million, your perspective on trading and life will be different, because once you have 1 million as capital, even if you do spot trading and double it in a year, you will still have a profit of 1 million. If you own a house in a first-tier city, an annual income of 1 million can make you one of the top classes in China, but for an ordinary person, it is money that you will never be able to spend.
It only takes 5W to make 1 million, and this 5W can also be done risk-free. You can invest 10W first, and wait for the opportunity for the cryptocurrency circle to kill retail investors. You can buy spot goods and make a profit of 100,000, and then use 50,000 of the 100,000 profit to gamble. If you want to make big money, you must gamble, and roll over when a good opportunity arises. You can use two or three times leverage to roll it out once or twice.
If you lose 50,000 yuan in gambling and lose all your profits, you can invest another 50,000 yuan to gamble. When all the profits are gambled away, stop and continue to gamble with the profits earned from the 100,000 yuan capital.
Only such a model can allow you to avoid the risk of huge losses when there is a possibility of getting rich in the cryptocurrency circle. Don't believe in hoarding coins. Hoarding coins without sufficient off-market earning ability is just a scam for retail investors. It's nonsense if someone hoards 100 bitcoins and you also hoard a few bitcoins. The volatility of Bitcoin has been greatly reduced. You must use leverage to have the possibility of getting rich. Those who hoarded coins two years ago have just made their money back, and those who made regular investments will not get several times the return even at the peak of the bull market.
