The Core of Making Big Money in the Crypto World
In the crypto world, you need to find a way to earn 1 million first. If you only have hundreds of thousands and you’re just flipping coins every day, it’s really not meaningful; you might as well just work hard. This refers to making 1 million through trading, not investing 1 million. Without sufficient understanding, even investing 10 million will lead to losses.
Only when you have 1 million will your perspective on trading and life change. Once you have 1 million in capital, even doubling your investment in spot trading in a year will yield 1 million in profit. With a house in a first-tier city, earning 1 million a year can place you among the top tier in China, which is something an average person can hardly spend.
You only need to invest 50,000 to earn 1 million, and this 50,000 can also be done with no risk. You can invest 100,000, wait for an opportunity when the crypto market kills retail investors, go in to buy spot and earn 100,000 in profit, and then use 50,000 of that 100,000 profit to gamble. To make big money, you must take risks; when good opportunities arise, roll your funds, using leverage of two to three times a couple of times to roll out.
If you lose 50,000 in profit, invest another 50,000 to gamble. Once all profits are gambled away, stop, and continue to make profits with the 100,000 capital to gamble.
It's easier said than done, but this requires an unimaginable level of patience.
Such a model allows you to exist in the crypto world with the possibility of getting rich without bearing the risk of huge losses. Don’t believe in hoarding coins; if you don't have enough off-exchange earning ability, hoarding coins is just deceiving retail investors. If someone is hoarding 100 Bitcoin and you’re hoarding a few, isn’t that nonsense? The volatility of Bitcoin has significantly decreased, and leverage is necessary for the possibility of getting rich. Those who hoarded coins two years ago are just now breaking even; those who dollar-cost averaged to the peak of the bull market won’t see several times the returns.
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