Eight years of accumulated experience in the crypto world
Recently, many people have asked me: Can you really turn a small amount of money into a large amount in the crypto world?
I can say for sure: Yes!
But the process is definitely not as simple as a feel-good novel; there are joys of doubling and also the collapse of losing everything overnight.
Today, I will share my insights on how I turned 20,000 into 1,000,000
1. Execution: Dare to think, but even more, dare to actThe crypto world is filled with information explosions; every day there are countless messages and opportunities.
But most people only stop at watching and do not take real action.
The reason I could turn 20,000 into 1,000,000 is largely because:
1. Understand the trend and dare to act, no longer hesitating.
2. Set goals and stick to them strictly, such as buying in batches and continuous dollar-cost averaging.
3. When opportunities arise, be bold in making heavy bets.
Execution power determines whether you can seize the first wave of profits.
🧠 2. Cognition: Before making big money, first learn to understand the rules.
Cognition is the core of closing the gap.
Those with insufficient cognition will only chase highs and sell lows, being led by emotions. Those with upgraded cognition can see the flow of capital and understand narrative logic.
For example:
1. I positioned myself in advance before the ETH ETF was approved, as I recognized that capital would inevitably flow in.
2. After experiencing significant losses in contracts, I understood that the crypto market is a marathon, not a gamble, so I turned to spot trading, which truly stabilized my situation.
The higher the cognition, the further you see, and the more money you earn.
3. Control: Whether you can hold on is key.
Many people are not unable to make money, but rather cannot hold on to the money they earn.
Some people make 5 times the profit but end up losing it back. Some are greedy, always thinking about making 10 times, only to be cut in half. I have also experienced such lessons.
Later I learned:
1. Gradual profit-taking: Take the profit when you see it, and secure it.
2. Position control: Don't put all your chips on one bet.
3. Emotional management: Don't get carried away when making money, and don't panic when losing.
Control is the confidence to survive in turbulent times.
📌 Summary: From 20,000 to 1 million, my biggest gain is:
1. Execution power → Be decisive when opportunities arise, without procrastination.
2. Cognition → Understand market rules, see trends.
3. Control → Don't be swayed by emotions, learn to hold onto profits.
Finally, I want to say that my experience is not a 'copy-paste' tutorial, but I want to tell you: The wealth code in the crypto world is not about blind wealth, but a combination of cognition + execution power + control. If you can integrate these three points, even with a small principal, you have the chance to seize your own 1 million.
There are many opportunities in the crypto world, but very few can seize and hold onto them. Remember this: Quick money relies on luck, while big money relies on cognition and execution power.
If you are still confused in the crypto world, lacking firsthand news and professional guidance, you might as well follow Ming Ge by clicking on his profile. Ming Ge has been deeply involved in the crypto world for many years, sharing rich experiences and real operational insights every day!#韭菜