The image illustrates a concept known as the "doubling strategy," where you start with a certain amount (in this case, 500$ ) and double it at each step or "flip" until you reach over a million dollars after 11 doublings.

Can it be applied in cryptocurrency trading?

Theoretically:

Yes, this strategy can be applied if you can achieve 100% profit on each trade, meaning you double your capital with every trade.

Practically:

This is very difficult due to the following reasons:

1. The market is unpredictable: cryptocurrencies are very volatile, and you may experience significant losses in any trade.

2. Consecutive success in 11 trades is rare: the probability of achieving 11 consecutive successful trades at 100% is very slim.

3. Psychological factors: as the amount increases, so does the psychological pressure, which may lead to poor decision-making.

4. Liquidity and market size: you may not find a market large enough to move significant amounts as effectively as with smaller amounts.

5. Fees and taxes: trading requires paying fees on each trade, which may reduce profits.

A more realistic strategy:

Divide your capital into several parts to reduce risks.

Aim for small recurring profits (like 5-10%) instead of trying to double every time.

Don’t fall victim to the greed of social media influencers.

(Note)...

For critics without thinking about what is written, the image is shared for clarification, as I clarify in this post that I criticize the strategy and am not one of its proponents.