In 2024, after trading cryptocurrencies full-time for 11 months, I grew my initial $2000 to over $200,000, achieving a 1000-fold increase. To truly achieve financial freedom and compound interest in the crypto space, having the right methods, techniques, and forming your own profit system is crucial!
Once mastered, the crypto space will be like your 'ATM', earning money as easy as breathing!
After more than 10 years of trading cryptocurrencies, here’s a summary of my financial journey:
The first ten million took the longest and was the most painful, continuously reshaping and refining my trading system, which took a year and a half.
The second ten million took three months.
The third ten million only took 40 days.
The fourth ten million took just 5 days.
75% of the capital was earned in half a year.
First, let’s talk about those who made money:
Firstly, they are definitely not contract players. None of the contract players I know have made money; even if they made money at a certain stage, the final result is still a loss. The essence of contracts is mainly speculation, earning money through probability. Of course, this is a bit more probable than betting on high or low, but it’s basically similar. Those who make money from contracts are usually those who lead contract trading communities; they have long realized that contracts cannot earn money, so they go into community trading, where old investors cut new investors.
A bit of advice for those wanting to recover losses or make money through contracts:
So many people who have lost money remain in the crypto space to recover their losses, but there is a cruel fact: most people cannot recover their losses or make money, especially those wanting to recover losses through contracts, which is a delusion. Those who have made money through contracts in the market are extremely rare. Don’t fantasize about why you wouldn't be that person. To be honest, if you think you can recover losses through contracts, you really aren’t cut out for it. No matter how much you lose, it doesn’t matter; even if you go bankrupt, it’s impossible to recover losses through contracts. Therefore, I advise those who want to recover losses through contracts to quit trading contracts, in other words, to quit speculation.
What should spot traders do if they lose money?
First, if the losses are not much and the capital is still relatively large, meaning the capital is roughly equal to the losses, then recovering the losses is relatively simple and easy. In other words, if you only need to multiply your capital by up to 5 times to recover your losses, it is possible. But the most important point is the buying and selling points. If you are stuck at a high position, it becomes difficult. Most people can make money when the bull market starts or during the main upward wave of the bull market, but they lose money because they don’t know when to sell. After selling, during the main force's distribution phase, they repeatedly enter the market and get harvested at a high position. Therefore, for retail investors, knowing when to sell is very important, but selling is not the most important thing.
The most important thing is that after selling, being able to stick to a cash position and wait is something that most people cannot do; it’s something that 95% of retail investors cannot do. This is the fundamental reason why most people lose money. If you can sell at a relatively high point and not be influenced by analysts in the market or by various positive news at high positions, and persist in holding cash, then you have truly secured your profits; that is real earning.#香港加密概念股 #上市公司山寨币财库 #下一任美联储主席人选 #币安Alpha上新 #币安钱包TGE
