Advice against trading cryptocurrencies... because it's really too... too easy to make money! Trading cryptocurrencies from 50,000 to 20,000,000! Thanks for these experiences!
Funds are divided into five parts, with each part used for one transaction.
Initially, buy a cryptocurrency at the current price; if the price drops by 10%, use the next portion of funds to buy again; conversely, if the price rises by 10%, sell one portion.
This process repeats until funds are exhausted or all cryptocurrencies are sold. This strategy smooths out the impact of price fluctuations through batch buying and selling, so even if the price drops, there's no need to worry too much, as purchases will continue during the downturn.
Taking 100,000 yuan as an example, invest 20,000 yuan each time, and each sale can yield a profit of 2,000 yuan. However, a 10% fluctuation can be significant and may reduce trading opportunities, affecting the turnover of funds.
To improve the efficiency of fund utilization, it is advisable to choose cryptocurrencies with smaller fluctuations and to invest in Binance's financial products during periods of idle funds, thereby increasing additional income.