Many people cannot survive the bull market in the crypto world, nor can they make money. After reading this, you will know why.
Nine iron rules for trading cryptocurrencies summarized by a senior trader, remember them well to benefit for a lifetime, shared only once.
About volatility
If you have 1 million, earn 40% in the first year, lose 20% in the second year, earn 40% in the third year, lose 20% in the fourth year, earn 40% in the fifth year, and lose 20% in the sixth year, your remaining assets will be 1.405 million, and the annualized return over six years is only 5.83%, even lower than the coupon rate of a 5-year treasury bond.
About 1% per day
If you have 1 million, and you can earn 1% daily and exit, then after 250 days, your assets can reach 12.032 million, and after 500 days, your assets will reach 145 million.