In the world of cryptocurrency, making money isn’t all that difficult—as long as you don’t let greed get the better of you.
Take 2024 as an example. I’ve been trading crypto full-time, and over the span of just 11 months (excluding December), I grew my initial investment of $2,000 into over $2 million. That’s a 1000x return. In this fast-moving arena full of both opportunities and risks, achieving financial freedom and compounding growth comes down to mastering the right methods, refining your trading skills, and building a sustainable profit system. Once you do, the crypto market begins to feel like your personal “ATM”—and making money becomes as natural as breathing.
Reflecting on over a decade of trading experience, I’ve learned that the journey to wealth is rarely linear. Earning my first $10 million was the hardest—it took the longest time and tested my patience the most. It took me a year and a half to develop and perfect a truly effective trading system. But once I had that in place, everything changed. The second $10 million took only three months. The third? Just 40 days. The fourth came in just 5 days. In fact, 75% of my total profits were made within a single six-month period.
Now, I want to offer some sincere advice to those looking to recover losses or chase profits through leveraged contracts. Let’s face reality: many people stay in crypto hoping to win back what they lost—but that mindset is often a trap. Truthfully, very few people actually make consistent profits with contracts; it's like searching for a needle in a haystack. If you're relying on contracts to recover past losses, you're likely setting yourself up for further disappointment. The odds are simply not in your favor. Contracts are, in many ways, just another form of gambling—so I strongly urge you to walk away from them.
So, what should spot traders do if they’re currently at a loss? It really depends on the situation. If the losses aren’t too severe and you still have decent capital left—say, you only need to grow your funds by 5x or less to break even—then recovery is still possible. But one key factor determines everything: your timing. Many traders get trapped at high positions because they don’t know when to sell. Most retail investors actually do make money during the early and mid-stages of a bull market. The problem is, they don’t exit at the right time. When the smart money starts selling, retail traders often get lured back in by hype and end up being the ones holding the bag.
This is why, for retail investors, knowing when to sell is essential—but even more important is the discipline to hold cash after selling. I’d estimate that 95% of retail players fail at this. They sell at a good price but then get pulled back in by market chatter or bullish news, and ultimately give back their profits. The key to long-term success is being able to lock in those gains and resist re-entering the market at high levels. Only then can you truly say the money you've made is yours.