Can you really make money easily in the cryptocurrency world?

In the cryptocurrency world, can you really make money easily? Many people believe that as long as they are not greedy, making a profit in cryptocurrency is as easy as pie. Take myself as an example; in 2024, I fully invested in trading cryptocurrencies, and in just 11 months, my initial capital of 1500U soared to over 1.8 million U, achieving an astonishing growth of a thousand times. If you want to truly achieve financial freedom and compound growth in the cryptocurrency world, an effective method, exquisite skills, and a dedicated profit system are indispensable key elements. Once you master these, the cryptocurrency world seems like your own “ATM,” making money becomes effortless!

Looking back at my more than ten years of trading experience, the journey of wealth accumulation has been full of challenges.

The first ten million was the most difficult; the trading system underwent repeated reconstruction and refinement, taking a whole year and a half.

The second ten million took only 4 months;

The third ten million was shortened to 50 days;

By the fourth ten million, it took just a mere 10 days.

What’s astonishing is that 80% of my wealth was accumulated within half a year.

Let’s first talk about those who have succeeded in making profits in the cryptocurrency world:

In the cryptocurrency world, contract players find it almost impossible to make money. Many contract players I know, even if they make a profit during a short phase, generally end up losing everything. Essentially, contract trading is no different from gambling; both rely on probability to gain profits. Although the odds are slightly better than simply betting on high or low, fundamentally, there is not much difference. Those who can truly profit from contracts are often the ones operating contract communities, who understand that contract trading is hard to profit from and instead let experienced players harvest new players through the community.

Here, I want to remind friends who hope to recover losses or make profits through contract trading. Many people in the cryptocurrency world are deeply trapped in losses but still unwilling to leave, hoping to recover their losses. But the harsh reality is that the vast majority cannot recover their losses, let alone make a profit. Especially for those wanting to recover losses through contracts, it's simply wishful thinking. In this market, those who make money through contracts are truly rare. Don't fantasize about becoming that lucky one. To be honest, if you want to recover losses through contracts, you are really not cut out for it; no matter how much you lose, even if you go bankrupt, it is difficult to recover through contracts. Therefore, I sincerely advise those who want to recover losses through contracts to quit contracts as soon as possible. In simpler terms, it’s about quitting the gambling mentality.

So, how should spot traders respond if they experience losses?

If the loss is not significant and the capital is sufficient, that is, the capital is roughly equal to the loss amount, or you only need to achieve a profit within five times to recover, then recovering is not difficult. However, the most critical point is to accurately grasp the timing of buying and selling. If you are stuck at a high position, it can be tricky. Most people can make profits at the beginning of a bull market or during the main upward wave, but once they don't know when to sell, they can easily keep entering during the main selling phase and ultimately get harvested at a high point. Therefore, for retail investors, choosing where to sell is crucial, but this is not the most critical part. The real key is that after selling, being able to firmly stay in cash and wait is precisely what 95% of retail players find difficult, and it is the root of most people's losses. If you can successfully sell at a relatively high position, and are not swayed by market analysts' comments or tempted by various positive news at high points, and persist in staying in cash, truly securing profits, then you can be considered to have genuinely made money in the cryptocurrency world.

If you like contracts, enjoy researching charts, and studying techniques, click on my avatar. With years of experience and tips in the cryptocurrency world, I will share them freely. I am online in the circle, waiting for you. Welcome to discuss and improve together.