Someone asked me how to turn 6000 into 100 times?
Try earning 10% every month; are you trying to fantasize about making a million with compound interest thinking?
That can only be a fantasy. I tell you, the reality is that you can only earn 100 times by relying on each time's 10 times, 5 times, or 3 times.
Compound interest is one of the eight wonders of the world...
You only need to blow up your account once, and you will never listen to these toxic motivational speeches again!
Crossing social classes by trading cryptocurrencies absolutely does not rely on compound interest, but on cycles, liquidity, and price action.
Use cycles to trade contracts:
The larger the cycle you look at, the higher your chances of winning. Essentially, the cryptocurrency market is a global financial market; you are playing a trading game with people from all over the world, and now you need to take money from their wallets.
How to take it?
Use slow money to earn quick money, use smart money to earn dumb people's money.
Most people in this world are impatient, do not understand strategy, and are reckless. Most people rely on being 'aggressive' to open positions, rarely paying attention to their positions, entry timing, or risk levels.
They only focus on how to profit quickly, so they enter and exit fast, betting big for big, and blowing up their accounts.
They trade for profits and losses of dozens of points. If you hold your position longer, making profits and losses of 200 points, your chances of winning will be greater.
Your funds will consume such funds, and it's not about how smart or patient you are; actually, you utilized a very critical factor—'cycles.'
When Bitcoin was priced at 3000 USD, it fluctuated by about dozens of points daily. At 10000 USD, it was 200 points; at 30000 USD, it fluctuated 1000 points daily; at 58000, which is the current price, it fluctuates around 2500 points daily.
And your liquidation price can only withstand... a fluctuation of 300 points. I understand you have ambition, but you can't treat fluctuations lightly!
This knowledge doesn't require you to understand it only after blowing up your account, but rather you need to understand it at this very moment!
If you control your risk well, it doesn't matter if you open a 1000x contract; you only need to care about where your risk level is.
Let me give you an example. For instance, this bull market is a large cycle, and within the large cycle, there are countless small cycles. Small cycles are nested within cycles, and these small cycles oscillate back and forth, always moving toward the peak of a bull market.
You should judge where the low point of a small cycle is at this moment; this low point is unlikely to be broken. Then, trade within this cycle without looking at resistance levels, support levels, or barrier levels. In this small cycle, your position is the strongest.
As long as you make the right judgment, feelings like anxiety and panic do not exist. I believe the bottom of Ethereum's small cycle is around the 2600 position. As long as it falls within the range, I will add to my position without thinking twice. If it drops, I will add to my position, and I will sell at a price above 3000.
