Let me tell you from personal experience: two methods!
The first method:
You only need three 10x investments to make 10 million.
First, a basic theorem: In a lifetime, a person only needs to continuously invest in three 10x coins to achieve financial freedom.
Step one, prepare 10,000 yuan.
10,000 - 100,000
100,000 - 1,000,000
1,000,000 - 10,000,000
Break down 10 million into three 10x opportunities, look for corresponding opportunities in the first, second, and third 10x, and repeat the profitable operation 100 times in each 10x investment; then 10 million can basically be achieved.
Of course, this also applies to earning 1 million or even 100 million; the underlying methodology is the same.
So your next task is to find three 10x coins. The second method: In the crypto world, you need to find a way to earn 1 million yuan in principal, and from several tens of thousands to earn 1 million, there is only one way, which is to roll over.
Once you have 1 million in principal, you will find that your whole life seems different. Even if you don't use leverage, a 20% increase in spot trading will give you 200,000 yuan; 200,000 is already the income ceiling for most people in a year.
Moreover, when you can turn several tens of thousands into 1 million, you will grasp some ideas and logic for making big money. At this point, your mindset will calm down a lot, and from then on, it's just about copying and pasting.
Don't always aim for millions or hundreds of millions. Start from your actual situation; bragging only makes the braggers feel good. Trading requires the ability to identify the magnitude of opportunities; you cannot always be in light positions nor always in heavy ones. Typically, just play with small amounts, and when a big opportunity comes, then pull out the big guns.
For example, rolling over is something you can only do when a big opportunity arises; you can't keep rolling. Missing out is fine because you only need to roll successfully three or four times in your life to go from zero to tens of millions, which is enough for an ordinary person to become wealthy.
A few points to note about rolling over:
1. Sufficient patience; the profits from rolling over are enormous. As long as you can roll successfully a few times, you can earn at least tens of millions or even hundreds of millions, so you cannot easily roll; you need to find high-certainty opportunities.
2. High-certainty opportunities refer to sideways fluctuations after a sharp decline, followed by upward breakthroughs. At this point, the probability of following the trend is very high; find the trend reversal point and get on board early.
3. Only roll long;
Rolling over risks
Let’s talk about rolling over strategies. Many people think this is risky; I can tell you, the risk is very low, much lower than your futures trading logic.
If you only have 50,000 yuan, how to start with 50,000? First, this 50,000 should be your profit; if you are still losing, don’t bother looking.
If you open a position in Bitcoin at 10,000 with a leverage set to 10 times, using a marginal mode, only opening 10% of the position, which is just 5,000 yuan as margin, this actually equals 1x leverage, with a 2% stop loss. If you stop loss, you only lose 2%, just 2%? 1,000 yuan. How do those who blow up their accounts actually blow them up? Even if you blow up your account, okay, you only lose 5,000, right? How can you lose everything?
If you are right, and Bitcoin rises to 11,000, you continue to open 10% of the total funds, and also set a 2% stop loss. If you stop loss, you still earn 8%. Where's the risk? Isn’t it said that the risk is very high? And so on…
If Bitcoin rises to 15,000 and you have successfully increased your position, in this 50% market, you should be able to earn around 200,000. Catching two such markets is about 1 million.
There is no such thing as compounding; 100 times is made through two 10x and three 5x and four 3x, not by compounding 10% or 20% every day or month; that’s nonsense.
This content not only has operational logic, but also contains the core principles of trading, position management; as long as you understand position management, you cannot lose everything.
I have been trading cryptocurrencies for about seven or eight years now, from account blowouts to achieving financial freedom through cryptocurrency trading. By 2024, my capital multiplied by 50 times. If it weren't for two withdrawals to buy a house, it should have been 85 times.
I have also tested the above two methods with a small account: starting with 1,000 yuan, it is about to reach 2 million.
Today, I will share my trading strategies and insights with fellow traders.
There is a saying, standing on the shoulders of giants can save you ten years of struggle.
At the end of the article, I will also talk about the most important profit system.
For those who are fortunate enough to see this and want to improve their cryptocurrency trading skills, you must read more, study carefully, and I suggest you save it! Key points for retail traders in the crypto world.
1. Keep a close eye on Bitcoin's trend.
In the crypto world, Bitcoin often leads the rise and fall. Although Ethereum can sometimes be strong and show independent trends, most altcoins are influenced by it.
2. Pay attention to the relationship between Bitcoin and USDT.
Bitcoin and USDT often move in opposite directions. When USDT rises, be alert to Bitcoin's decline; when Bitcoin rises, it is an opportunity to buy USDT.
3. Seize trading opportunities in the early morning.
From 0:00 to 1:00 every day, price spikes are likely to occur. Domestic traders can place low-price buy orders for their desired coins before bedtime and high-price sell orders, or be surprised by transactions and profit easily.
4. Observe the rise and fall trends in the early morning.
From 6 to 8 in the morning is a critical time to judge buying or selling. If it has been continuously falling from 0 to 6, and it is still falling, it is advisable to buy or add positions, as it is likely to rise that day; if it has been continuously rising and is still rising, it is advisable to sell, as it is likely to fall that day.
5. Pay attention to fluctuations in the afternoon.
At 5 PM, special attention is needed because of the time difference, as American traders begin to operate, which may trigger fluctuations in coin prices. Many significant rises and falls occur at this time.
6. Be careful of 'Black Friday'.
There is a saying in the crypto world about 'Black Friday'. While there may be significant drops on Fridays, there can also be large rises or sideways movements; just pay attention to the news.
7. Treat falling coins with patience.
If a coin with a certain trading volume falls, don't worry; holding on patiently may help you break even. It could take 3 to 4 days at the shortest, or up to a month. If you have extra funds, you can add positions gradually to speed up breaking even, unless it's a worthless coin.
8. Stick to long-term spot trading.
Engage in long-term holding of the same coin with fewer trades; the returns are often higher than frequent trading. It all depends on your patience.
9. Pay attention to external influencing factors.
The crypto world is volatile and influenced by various factors, such as countries' attitudes towards cryptocurrencies, negative news leading to drops; U.S. financial policies; opinions from big players on cryptocurrencies, such as Musk's statements. Keep an eye on financial news.
10. Maintain a good mindset for trading.
The trading mindset is crucial—don't panic during significant downturns and don't get arrogant during substantial rises; securing profits is key.
Guide to Avoiding Pitfalls in Crypto Trading: Practical Insights for Beginners.
Let's be clear: don’t fantasize that you can easily make money in the crypto world without any experience. Be it trading or speculation, without extensive practical training and experience accumulation, making a profit is as difficult as climbing to the sky. If you know nothing and dive in, trying to get rich overnight is not a wise move; to put it bluntly, it's not much different from gambling, with a high chance of returning empty-handed.
For example, if you want to sell snacks or grilled skewers at a roadside stall, don’t you have to run around for advice? You need to study the traffic flow in the area, understand the surrounding consumer level, and keep an eye out for law enforcement inspections. Product selection must follow trends, and for grilling, you need secret recipes. After a busy day, if you’re lucky, you make a few hundred. Now look at crypto trading; while placing an order with a finger may seem simple, do you really think making money is that easy, that you can casually earn a fortune and become a millionaire? Don’t dream; now let’s move on to the main content.
I. Technical Indicators: The Key 'Navigator' in Practice.
Technical indicators are indeed useful, very useful! Many crypto big players who focus on news often boast that following news will guarantee profits. News about major capital purchases of Bitcoin or Ethereum, institutions massively offloading, or significant net inflows or outflows from ETFs is rampant. But here’s a warning: news has a fatal weakness—timeliness!
Everyone, think calmly: isn’t it true that every time you find out the institution has sold off, the market has already crashed? Even if luck is on your side, and your entry direction happens to align with good or bad news, when will you take profits and leave? How do you judge when the institution has finished selling? And how do you know when they have finished buying? After all that, you will find that technical indicators are like a beacon in the dark. They can help you keenly capture signs of declining trading volume and clearly see the ebb and flow of buying and selling forces, allowing you to see which side is about to exhaust itself, and which side is on the verge of collapse.
As for learning technical indicators, there is an abundance of tutorial videos online, and everyone can choose to learn. However, it is essential to combine this with your own practical trading experiences and summarize a set of indicators and parameter combinations that best fit your trading style; that is the key. The indicators I commonly use are MACD and RSI, which have proven to be practical for me through real-world testing.
Let me elaborate more. In my process of learning indicators, I really took many detours, almost learning all the so-called high-win-rate indicators that various experts boast about on YouTube. In the end, I concluded that those expert indicators often perform worse in practice than the simple and rough Martingale strategy. If you want to get started quickly, you might as well directly refer to some basic quantitative or Martingale strategy parameter settings and delve into the operation principles of the Martingale strategy. Only by understanding it can you truly step into the trading arena.
II. Position Management: The 'Safety Valve' That Determines Life or Death.
Position management is an even more crucial aspect than taking profits and cutting losses; it directly affects how far you can go in the crypto world. Let me share my personal insights: I consistently stick to half-position trading, regardless of whether I’m using 20x leverage or 10x leverage. My stop-loss position is set quite extreme, directly at -100%, but this method is not suitable for everyone, as I have been in the crypto world for many years and can be considered an old player, choosing my entry points quite carefully.
The core purpose of position management is to leave you a way out to rise again in unfavorable situations or when accounts are blown. Just like the market conditions after the CPI data was released on August 30; because I was operating with half a position, I was likely able to withstand the initial volatility. If I had gone all-in, I would probably have had to stop loss in panic and end up losing everything. Reasonable position management can enhance your psychological resilience and expand your profit potential when the market reverses.
For example, if an all-in position suffers a loss of 50%, you break into a cold sweat, your hands become unresponsive, and you want to stop loss but fear the market might reverse immediately, bringing you back to break even; if you don’t stop loss, you constantly worry about a potential account blowout. But if it’s half a position, the mindset is entirely different; you might even calmly shout in the group, 'Bring it on!' because you have a cushion and a backup plan.
Don’t you suddenly feel that position management is almost a tool to cope with the severe volatility in the crypto market? Thus, those who always go all-in are either ignorant of the risks or purely have a gambler’s mindset, which is very unwise.
Additionally, position management has another advantage: if you are in profit, consider adding to your position. This way, even if you incur losses, you still have half of your principal as a cushion, and if you earn, you can expand your gains. This is much better than going all-in and being left helpless, waiting for fate.
III. Holding Period: The 'Biological Clock' That Controls Rhythm.
I am a short-term trader, accustomed to opening positions with 10 to 20 times leverage, and my personal holding period rarely exceeds two hours. However, based on my observations, those who actually make big money in the crypto world generally have an average holding period exceeding 24 hours. For beginners or new players, I still recommend starting with short-term trading for practice; there are two benefits: first, you can quickly accumulate experience in applying indicators and practical experience; second, starting with small amounts can control risks and avoid being blinded by desire, leading to significant losses.
I usually open positions at regular times, mainly between 7:30 AM - 10:30 AM and 7:30 PM - 12:00 AM. Why do I choose these two time periods? Because data shows that during these times, the price fluctuations are relatively large, and the market is more active. The reason is not hard to understand; in the past two years, Bitcoin's movements have become more correlated with the U.S. stock market, and the trading hours of U.S. stocks have a significant impact on the crypto market; this is a little tip.
In other words, my trading strategy mainly relies on 5-minute, 15-minute, and 30-minute K-line charts for decision-making, while larger timeframe K-line charts are primarily used to gauge the general direction of the market.
My philosophy is that Bitcoin trades 24/7, and with the leverage effect, the volatility is beyond imagination, so I generally do not recommend holding overnight. After all, the news in the crypto world is too crazy; significant news can strike at any moment, turning the market upside down. I prefer relying on technical analysis for trading rather than making blind guesses based on luck.
I am not afraid of making little profits; I fear losing money without understanding why. Some may think my trading style is too cautious, or perhaps I am still in the growth stage of a trader, or maybe my asset foundation cannot compare with the big players. But I represent the vast majority of ordinary players. For players with small capital, following my approach generally won't lead to significant mistakes.
Those big players in the crypto world, holding millions in USDT, open a 100,000 USDT position with five times leverage, their mindset is stable as a mountain, holding for the long term, believing the market will eventually reverse in their favor. But us ordinary players are different; we have limited funds and must proceed cautiously, accumulating capital gradually, and being extra careful in our operations. I hope everyone can earn more and avoid pitfalls in the crypto world and have a smooth journey!
Why does the crypto market fall slowly but rise rapidly?
This is because declines in the crypto market are very slow. The specific situation may be like this: you buy for 1 million, it rises to 3 million, and then falls to 2.7 million. You don’t want to sell, thinking of 3 million, but the price rebounds to 2.8 million, then continues to drop to 2.5 million. You think you can sell at 2.8 million, but it directly drops to 2 million. After that, it rises to 1.5 million, and you can only pretend not to see it. 1 million becomes 500,000, and then it rises to 700,000. You are helpless, thinking, let's just leave it as it is. During this process, with each rebound, you hope to return to the original price, but the market is no longer the market it was before.
Why doesn’t the market drop quickly? Because if the major players dump all at once, they won’t get good prices. Their volume is too large; they can only sell gradually, using every rebound and various positive news to exit.
Disastrous market conditions are actually caused by chain reactions; such opportunities are money-making chances. After a sharp decline, it won’t take long for a rebound to occur, and many bold people will instead seek to profit from emotional trading.
So, falling prices can be very tormenting, especially for altcoins. If there is a panic sell-off, you may really be afraid and cut your losses, but in fact, they rarely fall sharply; they just oscillate up and down.
Price fluctuations can pull back and forth; for example, if the price is 10, and half a year later it suddenly becomes 1, that’s a 90% drop. During this process, you seem to be blinded by something and have no idea.
Actually, you just haven’t trained deliberately, so your perception of the downward price trend is not clear. This is the fundamental reason why newcomers cannot make money in the first cycle.
The market operates according to human nature; it’s all about human nature. People desire rapid increases, so the market will inadvertently spike quickly. People want the declines to slow down, to rebound, to come back, so it falls very slowly.
However, those who see through human nature remain calm in the face of rapid increases and are vigilant during slow declines. At the first sign of trouble, they have already left.
Those left behind are just the bag holders, and they are still hoping that the next wave of their altcoins can rise again, but in reality, that’s impossible.
The market has already completed a wealth transfer through a wave of market movements. And this process is very quiet. Only those who have trained deliberately can feel it and make money from the bubbles within.
I’m done writing. Keep it up! I am a cryptocurrency trader, an old player mainly focused on arbitrage and holding coins.
If you are a beginner wanting to delve into the crypto world, you can comment '168' for a quick start.
I sincerely suggest that everyone study crypto knowledge, as its value far exceeds just simple cryptocurrency profits; it enhances our cognitive abilities. Whether or not you are directly involved in crypto-related work, exploring this field can help broaden your horizons, promote wealth growth, and bring positive impacts to your life.
Let’s directly talk about cryptocurrency trading secrets.
Six don'ts, four don'ts:
Six don'ts:
1. Avoid coins that have been continuously falling without stabilizing at the 60-day moving average. Let's follow the trend; for coins that keep falling, let's wait and see. When will they turn around?
2. Don't buy coins that rise sharply after good news comes. When good news arrives, it often serves as a signal to sell. Coins that have already risen significantly may indicate that the main players want to cash out.
3. Avoid coins that rise too sharply and are far from the 5-day moving average. Coins that rise too quickly carry high risks; chasing highs can easily lead to getting trapped.
4. Be cautious with coins that jump suddenly at high levels. A sudden jump at a high position carries significant risks; it might indicate the main players are quietly offloading.
5. Avoid coins with a turnover rate exceeding 30%. A high turnover rate indicates intense battles between buyers and sellers; let's avoid this volatile situation for now.
6. Don't fall for coins that are struggling despite a poor market. Coins that are still trying to hold up in a bad market are likely just a form of 'smoke and mirrors'.
Four don'ts:
1. Hold on to coins with RSI between 50 and 80. An RSI in the middle to high range indicates that the coin still has momentum, so hold on to it for more gains.
2. Don't rush to sell coins that jump up from low levels. An upward jump indicates strong bullish momentum; see if it can continue to rise.
3. Hold tight to coins that are trending upward. Following the trend, the longer you hold the coins in an upward trend, the more you earn.
4. Don’t easily sell coins that are concentrated in one place. When chips are stacked together, the main players may still want to push prices higher, so waiting for a peak before selling isn’t too late.
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