It's been over a decade since I started trading cryptocurrencies, going from liquidation to achieving financial freedom, supporting my family through crypto trading. In 2024, my funds multiplied by 50 times; had it not been for two withdrawals to buy a house, it should have been 85 times.
Let me share a feasible plan. If you can execute it, making 1 million is achievable.
1. Manage your funds with proper allocation, which is very important. For example, if you have 100,000 USD, divide it into 5-6 parts, using 20,000 USD 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, 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 cryptocurrency price has likely dropped by nearly 50%. #MichaelSaylor暗示增持BTC
Unless there’s a market crash, the cryptocurrency price won’t drop that quickly. From a profit perspective, each time you sell, the funds can bring about a 10% profit. $XRP
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. $ETH
However, this strategy also has certain issues.
A 10% volatility is relatively large, which may make transactions difficult, requiring longer waiting times. This can affect the efficiency of fund usage, as funds may remain idle for long periods or be held up by certain cryptocurrencies. $BTC
Nonetheless, this issue can be resolved by reducing the volatility range.
For example, you can choose to buy more stable cryptocurrencies and invest in Binance financial products when funds are idle. This way, you can earn additional income while waiting for price movements.
In summary, remember to enter the market when you should, stop-loss when necessary, and be patient.
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