How to turn a few thousand into the first bucket of gold, 1 million? Let’s talk about several practical methods used in the crypto world! See what method I used to earn over 10 million!
The core is just one sentence: Leverage your profits through contract trading! But don’t rush in, let’s first turn this 2000 into 300 USDT, and we’ll take it step by step:
Step 1: Small capital rolling snowball (100 USDT - 300 USDT)
Take out 100 USDT each time to play, focusing on the most popular coins recently. Remember two things:
① Run when you double your money (for example, turn 100 into 200 and cash out immediately)
② Cut losses immediately if it drops to 50 USDT. If luck is on your side and you win three times in a row, you can roll it up to 800 USDT (100-200~400~800). But take your profits! Play no more than three rounds and stop when you earn around 1100 USDT; this stage relies heavily on luck, so don’t be greedy!
Step 2: With more money, use a combination of strategies (starting from 1100 USDT)
At this point, split the money into three portions to play different strategies:
1. Quick in and out type (100 USDT)
Focus on 15-minute price movements, stable coins like Bitcoin/Ethereum. For example, if you see Bitcoin suddenly spike in the afternoon, jump in and make a quick profit of 3-5 and then cash out, like street vendors, low profit but high turnover.
2. Buddha-style dollar-cost averaging (15 USDT weekly)
Every week, consistently put aside 15 USDT to buy Bitcoin contracts (for example, if it’s currently 50,000 dollars, and you believe it can go up to 100,000 in the long term). Treat it like a piggy bank; don’t panic if it drops, wait for six months to a year, suitable for those who don’t have time to monitor the market.
3. Main event trend trades (put the rest in)
Grasp the big trends and go all in! For instance, if you discover the Fed is going to cut interest rates, Bitcoin might skyrocket; go long immediately. But you must think ahead: how much will you take when you profit (for example, double your investment), and how much will you accept as a loss (maximum 20%). This strategy requires keeping up with news and understanding technical analysis; beginners, don’t rush in!
The most important thing about contracts is to control your psychological qualities. If you accomplish the above points along with these useful methods, you will become the next millionaire!