In the cryptocurrency world, you should find a way to first earn 1 million. If you only have a few hundred thousand, trading daily is meaningless; it’s better to work hard.
This refers to earning 1 million through trading, not investing 1 million. Investing 10 million without sufficient understanding can lead to total losses.
Only when you have 1 million will your perspective on trading and life change. Once you have 1 million in capital, even doubling it in a year through spot trading means a profit of 1 million. With a house in a first-tier city, earning 1 million annually can place you among China's top social classes—it's money that an ordinary person can never fully spend.
. To earn 1 million, you only need to invest 50,000, and this 50,000 can also be risk-free. You can first invest 100,000, wait for an opportunity when the cryptocurrency market kills retail investors, buy spot to earn 100,000 profit, and then use 50,000 of that profit to gamble. To make big money, you must gamble; rolling over during good opportunities with two to three times leverage once or twice can yield results.
If you lose 50,000, and the profit is gone, you invest another 50,000 to gamble. When all profits are gone, stop and continue to rely on the 100,000 capital to earn profits for gambling. It is easier said than done; this requires unimaginable patience.
Such a model allows you to exist in the cryptocurrency world with the possibility of getting rich without bearing the risk of huge losses. Do not believe in hoarding coins; without sufficient off-exchange earning ability, hoarding coins is just deceiving retail investors. If someone has 100 bitcoins, and you have a few bitcoins, isn't that ridiculous? The volatility of bitcoin has significantly decreased; you must use leverage to have a chance of getting rich. Those who hoarded coins two years ago are just now breaking even, and those who invested at the peak of the bull market won't see several times the return. Cryptocurrency contract wealth-building guide: From liquidated novice to doubling expert, a must-read for beginners.
(The Six Iron Rules of the Cryptocurrency World)!
1. Only participate in irreversible upward trends in the market. "Only participate in irreversible upward trends in the market"; the market is a fact that cannot be doubted or challenged. Trends are irreversible; as investors, you must dare to admit mistakes, correct them at any time, refuse uncertain market conditions, and engage in those trends that even the big players must follow. You must understand to go with the flow.
2. Refuse to trade frequently. The casino is open 24 hours, so there is no need to open orders frequently. There are many logics such as timing, trial and error, and position control. We advocate waiting like a hunter for the perfect opportunity, rather than randomly investing when seeing prey.
3. Do not blindly trust technical indicators. First, we must acknowledge that any technical indicator has its lag. For example, when the MACD indicator gives a golden cross buy signal, the coin has already risen; at the time of the golden cross, you might just be the one taking the handover!
4. Buy and forget about the cost price. Once you start shorting or going long, the cost price has nothing to do with any subsequent operations, because whether to sell depends on the market trend and has nothing to do with whether you are still making a profit. If the trend is good, continue to hold; if the trend is bad, reduce your position or even liquidate.
5. Participate with money you can afford to lose. Use spare money for trading cryptocurrencies; all investments carry risks. Investors can increase their investment after mastering the tricks of profitable trading. Before that, you must participate with money you can afford to lose; borrowing money often leads to severe losses!
6. Ensure to withdraw profits regularly. Without withdrawals, everything is just numbers. Cryptocurrency investors are like gamblers who haven't left the casino; even if they temporarily earn a lot of money, they cannot be considered winners. Only when you extract cash from the market can you say you have laughed last. In the cryptocurrency world, it is a good habit to withdraw profits regularly.
