How to turn 3000 into 3 million through cryptocurrency trading!
1. It's crucial to properly manage your funds by diversifying, very important, very important!!! For example, if you have 10,000 USDT, divide it into 5-6 parts, and use only 2,000 USDT for each trade.
2. Take out one portion of USDT for spot trading.
3. If the coin price drops by 10%, buy another portion.
4. When the coin price rises by 10%, sell one portion.
5. Repeat the above until all USDT is used up or sold out.
According to this strategy, even if the coin price drops after buying, there’s no need to worry because we will continue to buy when the price drops.
In fact, if all five portions of funds are used up, the coin price has likely dropped by nearly 50% at least.
Unless faced with a major crash, the coin price won't drop that quickly. However, from the perspective of the past three years, the probability of a major crash is very low. From a profit perspective, each portion sold can yield a 10% profit.
For example, if the total funds are 100,000, and if 20,000 is used each time, each sale will yield a profit of 2,000.
However, this strategy also has bugs.
A 10% volatility range is relatively large, which may make trades difficult to execute and increase the waiting time cost significantly.
During this period, you cannot engage in other trades.
But!!! This issue can be resolved by reducing the volatility range.
For instance, you can choose to buy more stable cryptocurrencies and invest in Binance financial products when funds are idle. This way, you can earn additional income while waiting for price changes.
