What do you need to learn when entering the cryptocurrency world? Actually, you don't need to study too many complex things; mastering some basic tools for the cryptocurrency world is enough.

There are a variety of digital currencies in the cryptocurrency world, and you need to be clear about which one to buy and how to buy it. Otherwise, relying on intuition to trade cryptocurrencies is not a sustainable strategy.

I have been struggling in the cryptocurrency world for over ten years, initially starting with a capital of 50,000, and have now grown it to 20 million. If your capital is small and you want to earn your first 1 million in cryptocurrency, there is only one method.

If you have ample funds, making 1 million is not difficult. However, if your funds are extremely limited, my advice to you is to use contract rolling. Generally, when a popular coin increases by 30% in one day and you only have 50 to 100 dollars in small funds, you can choose to go long with 20x leverage when the price is low, and continuously reinvest profits, which is rolling profit.

If the daily increase can truly reach 30%, your profit would probably be between 5,000 to 10,000 dollars. For instance, recently performing cryptocurrencies are particularly suitable for rolling positions.

However, the risk of 20x leverage is quite high. As long as the market slightly adjusts, it can easily lead to losses. Therefore, choosing 10x leverage might be a better solution. Although expected profits will be slightly lower, the margin for error will significantly increase. Once you successfully roll positions, even if you make mistakes later, your loss will at most be the initial investment.

If you have a certain sense of the market or understand some technical analysis, coupled with some good luck, even with only 50 dollars in capital, there is a chance to double it. Conversely, if you have neither luck nor skills, even if you have 500 million in funds, you could still end up losing everything. Therefore, even if you start with a trial-and-error mindset, you only need to invest 50 dollars and never blindly invest a large amount of money.

How can I make money by trading cryptocurrencies? My thought process is like this: during the trading process, position management and mindset control are crucial.

Assuming I have ten thousand yuan in funds, I usually divide it into three parts, investing 3k each time. Once I see the right direction, I will act decisively. Many people get tangled up in whether to go long or short, and this tests your self-control. When the market is down, consider going long; when it's up, consider going short, while maintaining patience. If you open positions frequently, the probability of losing money can be as high as 70%.

The principles of trading are actually not complicated, and there is no need to engage in high-leverage operations. This is the core of position management: only use one-third of your funds for trading, so even if one operation fails, you still have enough capital to continue. Never hold the idea that you can get rich overnight through high leverage; ask yourself honestly, do you really have that kind of ability and skill?