What can you do with 5000 bucks in the crypto world?
You can make 100,000 by trading contracts in the crypto world.
When trading contracts, you can only trade mainstream currencies like BTC because other coins are too volatile, akin to gambling, with a high chance of losing.
If you find the right opportunity and take a long position with rolling contracts, it is possible to achieve 20 times your investment.
For example, if you go long and roll contracts around 75,000 and reach 110,000, you can achieve that.
Such opportunities are rare, maybe once a year or once every two years!
But can you withstand the big fluctuations in between?
The hardest part about long positions is finding the right exit point; it's very difficult to determine the market top.
For instance, right now, many people are saying we are facing a double top and a significant correction is imminent.
But some say we are far from the top, predicting it won't stop until 150,000, 200,000, or even 500,000.
If Bitcoin can return to around 80,000, then you might consider going all in for a two or three times long position, holding long-term, and aiming for a new high.
However, stay away from altcoin contracts; the volatility is too high, retail investors can't manage it, and it's purely gambling with too much risk.
Just focus on Bitcoin, and open a small leverage position.
Newbies are not recommended to trade contracts; the high returns come with high risks. If you really want to trade, you should find an experienced person to guide you for stability.
