I am an old draftsman who has been engaged in CAD drawing for more than ten years after graduating from college. However, I was laid off recently and I have three children to feed. This made me start to think whether I can find a way to make a fortune in the cryptocurrency circle. After some research and attempts, I have developed an actionable plan, hoping to help friends like me find opportunities in the cryptocurrency circle.
**1. Accumulate initial funds**
First, I took on some part-time and temporary jobs to increase my initial capital from 5,000 yuan to 10,000 yuan. Although the process was difficult, it was necessary for the future of my family.
**2. Choose the right time to invest**
During the market recovery, I selected some promising new coins for investment. The key is to enter the market when the weekly line of the market (such as Bitcoin) is above MA20. I selected two or three new coins, especially those that performed well in the bear market but have not yet risen sharply. For example, APT and OP performed well during the bear market, and these coins are expected to rise sharply once the market recovers.
**3. Strict stop loss**
I set a stop loss to exit the market immediately once the market falls below MA20 to avoid greater losses. While waiting or re-entering the market, I continue to accumulate funds through part-time and temporary jobs to ensure that I have enough capital for multiple attempts. Each operation is allowed to fail two or three times, setting a reasonable upper limit for losses.
**4. Target increase**
For each investment, I set a reasonable growth target, such as exiting when it reaches 4-5 times. Continue to implement this strategy and use the compound interest effect to gradually increase the principal.
**V. Opportunities in a bear market**
If the market is transitioning from a bear market to a bull market, sticking to this strategy may yield great gains. Three successful investments, each with a 5-fold return, can achieve a total growth of about 125 times. Assuming an initial investment of 10,000 yuan, after three successful operations, it will be close to 500,000 yuan.
**Summarize**
The core of this plan is patience and discipline, and strict implementation of the strategy. The market is risky and needs to be operated with caution. If I fail after multiple attempts, I will return to a stable job and investment to accumulate experience and wealth.
