Usually, such questions are raised either by big players or by novices.
Is it difficult to earn a million?
Not difficult.
First, look at how much capital you have.
If your capital is sufficient, you can earn this money through spot trading or leverage.
If your capital is only around ten to twenty thousand yuan and you want a hundredfold return, I think that’s a bit unrealistic. The probability of losing everything in contracts is high.
The money in the cryptocurrency space is relatively easier to earn compared to other industries, but those times of mindlessly buying and getting a hundredfold return are rare now.
The first option is to buy mainstream coins, whether Bitcoin or altcoins. For spot trading, it doesn't matter what the buying price is. Just wait slowly. My consistent advice is to trade cryptocurrencies with your savings, not borrowed money. It's best to have a stable income, allowing you to invest a little each month. This approach has almost no risk and still offers quite high returns.
The second option is mining new coins. Binance usually has a few opportunities for this each year. The new coins mined often yield returns of dozens of times; this requires patience.
The third option is to study the rune market. This should only be done with about ten percent of your capital. It has a higher risk. You should only do it if you can accept a hundred percent loss. Generally, high-risk investments also have larger profit expectations. Last year's rune market had quite a few coins that increased by dozens of times.
In general, to earn money, you need to first look at your capital. It doesn't matter the size of the capital; larger amounts can earn more. Smaller amounts will earn less.
Control your position well. Don't blindly stop losses. Generally, you can make some profit.
An average annual return of 150% is quite easy.
