I have been trading cryptocurrencies for 10 years, born in 1986, and I am now 38 years old. My net worth is fourfold, with about nine-tenths earned from 'trading cryptocurrency'.
As an old hand in the cryptocurrency world, I have unknowingly traded for 10 years. Surviving in this space until now is truly not easy! I have also been beaten by market makers, experienced many liquidations, once felt lost, and countless times hid in dark corners, chain-smoking. This is the price of growth!
From entering the cryptocurrency world with 5 to making a profit of 10 million, then accumulating a debt of 8 million, to making a profit of 20 million, and now achieving financial freedom, I mainly mastered contract skills. Playing with contracts in the cryptocurrency world is thrilling, even more exciting than riding a roller coaster.
After multiple experiments, I have summarized the possibility of turning 3000 into 1 million, as well as the paths that ordinary people can truly take.
1. How big is the success rate of turning 3000 into 1 million?
Assuming you want to turn 3000 into 1 million, it means you need to earn a return of 333 times in the market!
Now, let's see which assets historically have achieved such growth rates?
Bitcoin + (BTC)
· In 2010: $0.003 → In 2024: $100,000, a 33 million-fold increase: · If you had bought BTC for 3000 in 2010, you would already be a billionaire.
Ethereum + (ETH)
· In 2015: $0.75 → In 2021: $4800, a 6400-fold increase.
, if you bought ETH for 3000 in 2015, you would be a millionaire in 2021.
Dogecoin (DOGE)
· In 2020: $0.002 → In 2021: $0.74, a 370-fold increase. If you bought Dogecoin for 3000 at the end of 2020, you could have made 1 million at the peak in 2021! Conclusion: Historically, there was indeed an opportunity to turn 3000 into 1 million, but the premise is that you could ambush at an extremely low point and HOLD during the bull market!
2. Three strategies for ordinary people to turn 3000 into 1 million
To multiply your investment by 333 times in the cryptocurrency world, you have only the following methods:
Method 1: Ambush mainstream coins at extremely low points, waiting for a bull market
Only buy BTC/ETH, build positions in batches each time the market crashes, and patiently wait for the bull market to start.
.**Suitable crowd:** Cautious individuals with patience who do not want to engage in high-risk speculation.
· Success rate: 80% (if you can persist for 4-8 years, it’s basically stable). Operational strategy: Wait for BTC to drop over 70%, and ETH to drop over 80% before entering the market.
Method 2: Small market cap coins that double in a bull market, short-term high profits
· Choose low market value potential coins that explode in a bull market (such as Solana+, AVAX, these early low-priced public chain coins), to seize opportunities that can multiply 10-100 times in a bull market.
·**Suitable crowd:** People willing to study the industry and have certain risk control abilities.
· Success rate: 50% (choose the right coin, it can multiply dozens of times in a bull market; choose the wrong coin, it may drop to zero)
Operational strategy: Research 50x potential coins during a bear market, ambush before a bull market, and decisively take profits at bull market peaks.
Method 3: High leverage contract trading + extreme sprint
· Use 10x leverage to amplify 3000 to 30,000, take profits at 20% each time, and after 10 consecutive rounds, you can reach 1 million!
· Suitable crowd:** Trading experts who understand technical analysis and can strictly execute profit-taking and stop-loss.
Success rate: 5% (high risk, high reward; most people end up losing their capital).
Operational strategy: Use extremely low positions to experiment, never bet on direction, and only trade on confirmed fluctuations.
If you have been struggling in the cryptocurrency world for over a year, but the number in your account hasn’t reached the expected 1 million, then this article may provide you with some insights.
1. Small capital, seize the main upward trend
If your capital is not large (for example, within 100,000), capturing a single main upward trend each year is enough. Don’t always go all in; keep enough cash to respond to unexpected situations. There are always opportunities in the market, but once the principal is lost, the opportunities will no longer belong to you.
2. Cognition determines wealth
A person can never earn money beyond their cognition. A simulated account is a good tool for practicing mindset and strategy, but it cannot fully simulate the emotional fluctuations of the real market. In real trading, every failure can bring immense psychological pressure, potentially causing you to completely exit the market. Therefore, start with a small amount of capital and gradually improve your cognition and abilities.
3. Realize profits decisively and sell
When major good news emerges, if you haven’t sold out that day, you must decisively sell when the market opens high the next day. The market often experiences selling pressure after the good news is realized. This is an iron rule of short-term trading; don’t be greedy, take the profit when you see it.
4. Reduce positions during holidays to avoid risks
When meeting major holidays, reduce positions or go to cash a week in advance. Historical data shows that market liquidity decreases during holidays, leading to significant fluctuations or declines. Avoiding uncertainty is a wise choice.
Medium to long-term investment, rolling operations 5,
The core of medium to long-term investment is to keep enough cash, gradually sell when the market rises, and buy back in batches when the market drops. Rolling operations can reduce position costs while maintaining flexibility.
6. Short-term trading, choose active coins
The key to short-term trading is selecting active coins. Coins with increased trading volume and significant price fluctuations are more likely to provide trading opportunities. Avoid inactive coins; poor liquidity can lead to trading difficulties or even being trapped.
7. Understand market rhythm
Slow declines are usually accompanied by slow rebounds, while rapid declines trigger rapid rebounds. Understanding this can help better grasp the timing for bottom fishing and peak escaping.
8. Stop-loss is the foundation of survival
If you make a wrong purchase, you must acknowledge it and cut losses in time. There are always opportunities in the market; preserving capital is the premise for long-term profits.
9. Pay attention to the 15-minute candlestick chart
Short-term traders must pay attention to the 15-minute candlestick chart, using the KDJ indicator to find entry and exit points. The signals in the overbought and oversold areas of the KDJ indicator are especially important, but be sure to combine them with other indicators (such as MACD, RSI).
10. Master a few techniques, don’t be greedy
There are countless techniques and methods for trading cryptocurrencies, but you only need to master a few. Don’t be greedy; focus on the techniques and strategies you are familiar with to navigate the market smoothly.
The cryptocurrency world is a place full of opportunities, but it is also a market that requires wisdom and patience. I hope these 10 pieces of insights can help you find your own path to wealth in the cryptocurrency world.
Playing in the cryptocurrency world is essentially a contest between retail investors and market makers. If you don’t have super strong professional skills, you can only be cut! If you want to plan and harvest with others, feel free to join, and welcome like-minded crypto enthusiasts to discuss together~
