Trading is a lifelong endeavor, but making money isn't.
The most profitable times for you to trade cryptocurrencies often only account for a week or even a few days in a year.
I mentioned last week that in trading, winning just once is enough.
In one week, you can make the money that others earn in a lifetime, or even ten lifetimes. Then you can withdraw your profits, step back, and continue participating with a small amount of capital.
No matter how skilled a trader is, when faced with a black swan event, even with a little leverage, the drawdown can be 20%-30%.
Is trading like a monk for ten years what you really want?
With small capital, wait for opportunities; if speculating is successful, you can turn things around in just a few days.
Think about it for yourself. Are you here to get rich quickly or to earn through compound interest? If it's the latter, just invest in the U.S. stock market and go long on the Nasdaq three times; doesn't trading cryptocurrencies tire you out?
You and I are just retail investors; once we've made enough, we should step back and enjoy life. Why must we live like monks, trading day in and day out for a lifetime?