Many people ask me how to turn 3000 u into 10 u in the cryptocurrency market. In fact, there is nothing mysterious about it; understanding 'how to play' is ten times more important than rushing to invest money.
The ways to play in the cryptocurrency market may seem numerous, but there are actually just a few core types. Spot trading is the most basic, just like buying things in a market. You spend money to buy coins, and when the price goes up, you sell them, earning the difference. This method has relatively low risk and is suitable for people with limited capital and little experience. I started with spot trading myself.
Contracts are different; they involve leverage, which is like borrowing money from the platform to trade. You can make quick profits when prices rise, but you also face significant losses when they fall. I’ve seen people open contracts with 3000 u and double it in half a day, but within two days, they lost everything — leverage magnifies the risk. Newbies can easily lose all their capital. I have never touched contracts; it’s not about being timid, but knowing that I can't handle that level of volatility.
After choosing the right way to play, a fixed investment strategy is the key to my stability. At first, I set aside 500 u from my paycheck each month to buy, regardless of whether the coin price went up or down that day. Once, when the price dropped by 20%, people around me urged me to wait, but I still bought according to my plan. Later, I realized that this 'not looking at short-term fluctuations' approach averaged out my costs well. For instance, I bought a coin at 10 u and again at 8 u; my average cost was significantly lower than those who chased high prices. When it later rose to 15 u, while others just broke even, I was already in profit.
Long-term holding sounds simple, but it really requires patience. There was a time when the coin I held dropped for half a month; every day I opened the app, it pained me, and I considered selling to cut my losses multiple times. But looking back at the reasons I bought it — the project had real application, and the team was consistently working without issues — I stubbornly held on. Three months later, the coin suddenly surged to three times my initial purchase price. If I had sold out of impatience, where would my future profits have come from? Remember, chasing highs and cutting losses is a big taboo; real returns are often hidden in 'being able to wait.'
The key is still to control risk. I never invest my living expenses; the 3000 u was spare money I specifically set aside. Even if I lose it all, it won’t affect my ability to eat and sleep. I've seen people invest their rent and salary, and when the coin price drops, they become anxious and can't sleep at night. Even if they occasionally make a profit, their mindset collapses, and they will eventually pay the price. You must think clearly: if you lose this money, can you accept it? If you can accept it, then invest; if you can’t, then don’t touch it.
Looking back now, going from 3000 to 100,000 was not based on luck, but on choosing the right path, staying calm, and maintaining my bottom line. The cryptocurrency market indeed offers opportunities, but don't think about getting rich overnight. Learning steadily and doing things reliably is far better than anything else. If you want to give it a try, first establish these basics, avoid unnecessary detours, and you will gradually find your own rhythm.
