This is a realistic issue that many people care about. 1 million is not a lot, but it is not a number that can be easily earned. Especially in the crypto world, a market with high volatility, high risk, and high returns coexisting, earning 1 million has its tricks and pitfalls.
Step one, first determine how much capital you can invest
If you only have one or two thousand yuan, then don't think about turning it into 100 times in a month; that is gambling, not trading. Earning 1 million depends on strategy and execution, not on unrealistic expectations.
Common capital structures and target expectations are as follows:
Capital of 10,000, target of 100 times return
Capital of 20,000, target of 50 times return
Capital of 50,000, target of 20 times return
You need to be clear about the logical gap between your starting point and expectations; otherwise, you will keep operating blindly and fall into the vicious cycle of losing more and earning less.
Step two, choose a suitable path to profit
There are many ways to make money in the crypto world, but they can mainly be classified into these categories:
Trend holding
Suitable for ordinary people who do not understand short-term trading. Choose a mainstream coin, such as BTC or ETH, accumulate at relatively low points, and hold until the bull market explodes. Although the cycle may be long, the win rate is high, and the risk is manageable. In the last bull market, many people made several times or even ten times by holding onto one coin.
Swing trading
Suitable for those with some experience and an understanding of technical analysis. By judging trends and setting reasonable profit-taking and stop-loss points, one can earn intermediate to short-term profits in volatile markets. For example, capturing 30% of the profits in each round of price increases, steadily accumulating. A stable swing trading approach, with 2-3 successful trades a month, can easily result in earning 100,000 a year.
High volatility arbitrage
Suitable for energetic individuals with good market sense. For example, arbitrage through manual labor, futures-spot arbitrage, and cross-platform arbitrage rely on information differences and reaction speed; it's not about talent, but execution.
Investing in undervalued coins
Suitable for those with a good eye and a willingness to do research. Find undervalued, potential projects and accumulate a portion of your position when they are undervalued. Every year in the crypto world, a few coins may explode by dozens or even hundreds of times; the question is whether you can hold on to them.
Small funds risking everything to turn over their position
This method carries extremely high risks. For example, if you only have 5000 yuan but want to quickly turn it into 1 million, you can only use high leverage, heavy positions, and fully execute strategies, or participate in new coins for a short-term explosion. You can make money, but the failure rate is also high. Not recommended for inexperienced individuals.
Step three, learn risk control and profit-taking
Many people have already made 20,000 to 30,000, but thinking of pushing further, end up losing both principal and profit. The most common thing in the crypto world is not being unable to earn, but earning only to lose it back.
It is advisable to set clear stage goals, such as withdrawing the principal after earning 50,000, halving the position after earning 200,000, and reassessing the market after reaching 1 million. Protecting the profits you have already made is more important than fantasizing about the next wave.
Step four, choose a stable strategy and execute it thoroughly
Earning 1 million depends on execution, not opportunity. Many people know they are operating erratically, but still cannot control frequent trading, chasing highs and cutting losses, ending up with a mess.
Set rules for yourself, such as a maximum of two operations per day, no leverage, no chasing hot trends, and reviewing trading behavior once a month. These behaviors determine whether you can go from earning a little to earning 1 million.
Lastly, a word of reality
If you really want to earn 1 million from the crypto world, don't fantasize about becoming rich overnight through luck; instead, solidly take each step, using capital, time, knowledge, and strategy to accumulate. Those who can earn 1 million are not necessarily the smartest, but the most stable and disciplined.
If you have little capital and want to earn 100,000 through trading, you need to understand strategy even more. If you have considerable capital and want to steadily do value investing, you must be patient in waiting for opportunities.
The crypto world is not short of opportunities; what it lacks is people who can seize those opportunities.