From 50,000 to 30 million in the crypto world, your turnaround only requires keeping the following points in mind!
1. Divide your available funds into five equal parts. For example, if you have $10,000, split it into five parts, using $2,000 for each trade.
2. Use one part of the funds to buy a cryptocurrency at the current price.
3. If the price of the cryptocurrency drops by 10%, buy another part.
4. When the price of the cryptocurrency rises by 10%, sell one part.
5. Repeat the above steps until all funds are used up or all cryptocurrencies are sold.
With this strategy, once you buy in, you do not need to worry even if the price drops because we will continue to buy when the price falls.
In fact, if all five parts of the funds are used up, the price has already dropped by nearly 50%. Unless there is a market crash, the price will not drop that quickly. From the perspective of profit, each time you sell, you can achieve a 10% profit.
Taking a total fund of 100,000 as an example, if you use 20,000 each time, then each sale will yield a profit of 2,000.
However, this strategy also has certain issues. A 10% fluctuation is relatively large and may make transactions difficult, leading to longer waiting times. This can affect the efficiency of fund usage, as funds may remain idle for extended periods or be consistently occupied by certain cryptocurrencies.
However, this issue can be resolved by narrowing the fluctuation range. For example, you can choose to buy cryptocurrencies with high stability and opt for Binance wealth management products for investment while funds are idle. This way, you can earn additional income while waiting for price changes.