Trading cryptocurrencies from 100,000 to 20,000,000! Thanks to these methods and experiences! Trading cryptocurrencies from 50,000 to 20,000,000! Thanks to these experiences!
1. Divide the available funds into five equal parts. For example, if you have 10,000 dollars, divide it into five parts and use 2,000 dollars for each trade.
2. Use one part of the funds to buy a cryptocurrency at the current price.
3. If the cryptocurrency price drops by 10%, buy another part.
4. When the cryptocurrency price rises by 10%, sell one part.
5. Repeat the above steps until all funds are used up or all cryptocurrencies are sold.
With this strategy, once you buy in, you don’t have to worry even if the cryptocurrency price drops, because we will continue to buy when the price drops. In fact, if all five parts of the funds are used up, the price has at least dropped nearly 50%. Unless there is a market crash, the price will not drop that quickly. From a profit perspective, each sale can bring a profit of 10%.
Taking a total fund of 100,000 as an example, if you use 20,000 each time, then each sale will yield a profit of 2,000 yuan.
However, this strategy also has certain problems. A 10% volatility range is relatively large, which may make it difficult for trades to be executed, thus requiring a longer waiting time. This can affect the efficiency of fund usage because funds may remain idle for a long time or be continuously occupied by individual cryptocurrencies.
However, this issue can be solved by narrowing the volatility range. For example, you can choose to buy cryptocurrencies with high stability, and invest in Binance wealth management products when funds are idle. This way, you can earn additional returns while waiting for price movements.
