How ordinary people can make money in the crypto market is actually a concern for most retail investors. After talking to many retail investors about their losing experiences and the very few who made money, I believe if you achieve the following points, you can basically make money in the crypto market:
1. Quit contracts
This is actually the first step. To be honest, I've talked to over a thousand retail investors, and not a single one has made money through contracts. Most of the significant losses are due to contracts, regardless of the size of the funds. If you touch contracts, there will basically be no good outcome. You might make some money at certain stages, but in the long run, retail investors cannot make money through contracts.
Some people have lost too much and think they need a long cycle to recover their losses through spot trading, so they have no choice but to play contracts. This kind of thinking is very foolish. You are here to make money, not to lose money. If you could make money through contracts, then you wouldn’t have lost so much. Whether you trade on your own or find so-called teachers to guide you, it’s all the same. If you don’t want to continue to expand your losses, just quit contracts in time.
2. Spot trading for more than two cycles
If you want to truly achieve freedom in the crypto market, my advice is that you must experience at least two bull markets. Never think you can be free after just one bull market. There are two reasons for this:
First, if the capital size is very large, even if you make money in the first round of the bull market, if you can't sell in time, most retail investors with large funds cannot escape the peak in time. So my advice is not to play with too large a capital amount. It's enough to make 5-10 times in the first round of a bull market. If you have 50,000 in capital, then by the end of the first bull market, your capital should be around 250,000 to 500,000. If the capital is too large and you get stuck, it will be very uncomfortable.
Second, in the second bull market, you can basically learn to buy at relatively low points. So if you want freedom, you must seize the second bull market. Our goal in the second bull market is to achieve 10-15 times, without thinking too much about the multiples. By the end of the second round, your capital should be around 2.5 to 7.5 million.
If you are an ordinary person and can only invest 50,000 in trading, then I think 2.5 million is actually a considerable amount of money for you. Although it won't make you truly free, with this amount, you can achieve semi-freedom. You won't need to work, and if you can make over 20% in one or two waves in the crypto market each year, you'll earn more than an average person working. At that point, during the third round of a bull market, you'll basically be able to achieve freedom quite easily.
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