If an ordinary person has 3000 yuan in capital (about 420 USD) and wants to enter the cryptocurrency market, the first thing to clarify is: don't expect to 'turn your life around' with this little money.
If you think you can turn 420 USD into 100,000 or a million, it's basically a fantasy. There are always some bloggers on Twitter who say '500 USD can turn into 1 million USD', but I've never seen anyone post a complete live account from start to finish—such stories need verification, and even if they are true, they are very rare exceptions of luck and not representative.
For ordinary people, my advice is to first do these things well:
1. Prioritize making money outside the market and accumulate stable cash flow.
There are very limited things you can do with 3000 yuan in capital. Instead of focusing on 'getting rich quick' in the cryptocurrency market, you might as well dig deep into work that has compound interest benefits in reality. For example, engage in e-commerce, self-media, or sales industries—over time, your income can steadily increase, and your skills can continuously improve.
Stable cash flow is the foundation of investment. Many people think that 'it's hard to make money outside, so they come to the cryptocurrency market for a gamble,' which actually reverses the logic: investing is much harder than working. It's not as simple as 'buying and waiting for a rise'—if the capital is too small, even if you endure until the market rises, you won't earn much; trying to rely on high selling and low buying, leveraging for a big win, just hands your fate over to luck, and there's a high chance you'll lose faster.
2. If you want to try, use a very small proportion of funds to practice.
If you really want to enter the market for an experience, it's recommended to use a small portion of it (like 100-200 USD) to test the waters, with the core purpose being to accumulate knowledge, not to make money.
For example, I occasionally short some small cryptocurrencies, investing only under 500 USD each time: first look at the market cap, find those that are obviously overvalued, and if the platform has limits, open multiple accounts to diversify operations (like investing 500 USD from two accounts). But this requires a lot of experience—how to judge whether the market cap is high or low? It relies on long-term comparisons, estimates, and statistics; there are no shortcuts.
I once turned 1800 USD into 4600 USD in just over a month, which isn't particularly impressive, more so relying on some information asymmetry: many junk coins are likely to have their issuers distribute chips (dumping for profit) after going online, rather than pushing the price up. However, before operating, you must check the on-chain chips: if most of the chips are locked, with extremely high concentration, or if the market cap has no obvious bubble, then decisively give up and move on to the next.
The significance of having 3000 yuan in the cryptocurrency market shouldn't be 'gambling for a turnaround', but 'using small money to make mistakes and gain experience'. What can truly allow you to go far in investing is the ability to continuously make money outside the market—when your capital and knowledge increase in sync, you will be able to seize opportunities when they arise.