I just started trading cryptocurrencies and made 1 million from 30,000. I don't buy houses or cars. I spend 4,000 a month.
💰 How I earned my principal:
1. My principal was 50,000. I worked part-time in college, handing out flyers, doing tasks, delivering, customer service, various small tasks, and saved up 30,000.
2. I entered the cryptocurrency market and played ETH continuously. ETH has leverage, and then I moved to altcoin spot trading. I chose coins and managed my positions well. I executed a simple strategy consistently. When the market was bad, I took small losses; when the market turned, I made a lot of profit.
⛅ Why enter the market.
I want to change my fate. If you can't get rich in this circle, ordinary people will have no chance in their lifetime.
💰 My trading method for everyone:
Everyone has different expectations for the cryptocurrency market, so how to reasonably plan limited funds is very important, especially when we buy coins!!! Suppose you have two equal amounts of funds, one invested in BTC with a 30% profit, and the other in ETH with a 30% floating loss.
If you need to make a move, what would you do? (There is always a wrong choice between two options)
A. Hold both
B. Sell BTC to buy ETH
C. Sell ETH to buy BTC
D. Liquidate both
According to probability theory, 80% of normal people would choose to sell Bitcoin to buy Ethereum.
They fear that Bitcoin has risen too much and feel at ease by locking in profits; the more Ethereum drops, the lower the risk, deluding themselves that selling BTC to save ETH might allow both to profit.
In reality, the investment market has a terrifying phenomenon where the strong get stronger and the weak get weaker: most people find that selling BTC will lead to further increases, while the trapped ETH continues to drop. They realize it might be better to hold, at least one is in profit.
In contrast, B. selling BTC to buy ETH and C. selling ETH to buy BTC seem extremely counterintuitive and make most people feel very uncomfortable!
In fact, this outcome is often the best. This “always wrong choice between two options” is a paradox that 80% of investors will encounter.
❤️ Overall scoring shows that in terms of returns, C > A > D > B.
If you encounter two coins next time, and one rises while the other falls, be brave, be ruthless, and try to counter your instinct for safety in your operations. The less reliable, the more you should try.
Remember, investing is always counterintuitive. Pay attention to the shared knowledge of 'Crypto General' to discover the real market and seize opportunities.