How to turn 3,000 into 1 million in the crypto world?
Recently, many people have asked this question: how to make 1 million with 3,000 in the crypto world?
The emergence of this question can roughly suggest the grand “ideal” of newcomers entering the crypto space.
Making a million from three thousand, what lucrative businesses do you think exist in this world?
For complete beginners, take your 3,000 and play with contracts, starting from 5x to 100x, but allow yourself to lose only 50 at a time (you need some basic knowledge of position management).
Seeing the above statement, there will definitely be someone cursing me.
The reason is simple: 3,000 will help you understand what contracts are, which is much better than taking 30,000 or 300,000 to experience contracts. No one, not a single person in the crypto world can avoid contracts, I mean those who have never touched them with a finger from start to finish. So sooner or later, you will have to play with contracts; only by trying will you understand why it’s not worth it. Otherwise, if someone tells you that playing with contracts is just gambling, you wouldn’t really believe it. One day, when someone you know tells you he made 200,000 from contracts (whether true or false), you will immediately dive in.
Moreover, the threshold for playing with contracts is very low; it can be said to be the lowest entry point into the crypto world. If you really want to enter the space, contracts are the simplest path to get you started.
Finally, and most importantly, you will lose money playing with contracts, even if beginners can make money during their initial phase, but how you earn is how you will lose, because you are a novice, you know nothing, so what makes you think you can make money? ... However, once you lose money, you will start to ponder how to earn, you will begin to learn trading, learn technical analysis, learn to evaluate projects, and slowly you will join some quality communities, following some worthy role models, and you will eventually grow on your own.
There’s nothing wrong with the tools, it all depends on how you use them, what kind of person you want to become
