How many times have you turned around in the crypto world? Can you turn a thousand dollars into a hundred thousand in crypto?
Let me tell you from personal experience: two methods!
First method:
You only need three 10x gains to make 10 million.
First, a basic theorem: in a person's lifetime, you only need to continuously gamble on three 10x coins to achieve financial freedom.
Step one, prepare 10,000 dollars.
10,000 - 100,000
100,000 - 1,000,000
1,000,000 - 10,000,000
Break down 10 million into 3 tenfolds, find corresponding opportunities in the first, second, and third tenfolds, and repeat the profitable operations 100 times in each tenfold; you can basically achieve 10 million.
So your next task is to find 3 tenfold coins.
Second method:
In the crypto world, you need to find a way to first earn 1 million in capital, and the only way to turn tens of thousands into 1 million is through rolling positions.
Some points to note about rolling positions:
1. Sufficient patience; the profits from rolling positions are huge. As long as you can successfully roll a few times, you can earn at least tens of millions or even hundreds of millions, so you should not roll easily; seek high-certainty opportunities.
2. High-certainty opportunities refer to situations where the price drops sharply, then consolidates sideways, and then breaks upward. At this point, the probability of following the trend is very high, so you need to find the reversal point of the trend and get in at the beginning.
3. Only roll long;
Rolling position risks.
Let’s talk about rolling position strategies. Many people think this is risky, but I can tell you that the risk is very low, far lower than the logic you use in futures trading.
If you only have 50,000, how do you start with 50,000? First, this 50,000 should be your profit. If you are still at a loss, then don’t bother.
If you open a position in Bitcoin at 10,000 with a leverage of 10 times, using the incremental position mode, only opening 10% of the position, which means only opening 5,000 dollars as margin, this is actually equivalent to 1x leverage with a 2% stop loss. If you hit the stop loss, you only lose 2%, just 2%? 1,000 dollars. How did those who got liquidated end up getting liquidated? Even if you were liquidated, isn't it just a loss of 5,000? How can you lose everything?
If you were correct and Bitcoin rose to 11,000, you continue to open 10% of the total capital, also set a 2% stop loss, if you hit the stop loss, you still earn 8%, where's the risk? Isn't it said that the risk is very high? And so on...