Can you make 1 million yuan by trading in the cryptocurrency circle with 10,000 yuan?

It is challenging to make a living by trading in the cryptocurrency circle with 10,000 yuan, because the principal is small, and the cryptocurrency market is volatile and risky. It is not very difficult just to survive.

The principal of 10,000 yuan is small and takes time. It is recommended to accumulate funds first, set a monthly profit target of 20%-24%, and gradually expand the principal.

Arbitrage trading: low-risk arbitrage using price differences in different exchanges, but the profit is thin and requires a large amount of funds.

Fixed investment strategy: regularly buy promising cryptocurrencies and hold them for a long time, suitable for people with low risk tolerance.

Diversified investment: do not invest all your funds in one currency, spread them into 2-3 potential currencies.

Choose high-potential currencies, 🔥 Mainstream currencies (such as BTC, ETH, SOL): relatively small fluctuations, suitable for stable trading.

🔥 Altcoins (small-cap currencies): large fluctuations, high potential returns, but also extremely high risks.

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Reduce transaction costs. Choose exchanges with low handling fees (such as Binance, etc.) to reduce frequent transactions and avoid erosion of profits due to handling fees.

Gradually expand the principal. Extract part of the monthly profit as living expenses, and reinvest the remaining part to expand the principal. For example, if the monthly profit is 40% (4000), extract 2000 as living expenses and reinvest the remaining 2000.

The cryptocurrency market is volatile and you may face huge losses in a short period of time.

Keep calm and avoid emotional trading.

Capital: 10,000

Risk of a single transaction: 3% (300) Monthly target income: 30%-40% (3,000-4,000)

70% for mainstream coins (BTC, ETH) 30% for altcoins (select 1-2 potential coins)

Stop loss setting: stop loss immediately when the loss of each transaction reaches 3%.

Reinvestment: 50% of the monthly profit is reinvested, and 50% is used as living expenses