As someone who has experienced entering the cryptocurrency world with 8000 and earning 20 million, I will tell you two plans you can execute. If you can carry them out, earning 1 million is achievable.
First plan:
When Bitcoin's weekly price is above MA20, buy coins, buying two to three, and they must be new coins, trending coins in a bear market, such as APT before it rises. It comes out of the bear market, and as soon as Bitcoin rises a bit, it takes off, like OP. Just remember, it needs to have heat, and there should be a story to tell. Third, if Bitcoin drops below MA20, stop-loss, and during the buying or waiting period, continue to make money. Give yourself two to three chances to fail. If you have 20,000 in savings, invest 10,000, you can afford to fail three times. Fourth, if you buy coins like APT, aim to exit around 4-5 times the investment. Keep executing your strategy, remember you are dealing with small funds, and you must buy new coins. Don't buy ETH or BTC; their growth cannot support your dreams. Fifth, if you transition from a bear market to a bull market, achieving three times 5 times your investment would give you about 125 times your initial investment. This period usually lasts from a minimum of one year to a maximum of three years.
You have three chances to fail. If you fail all three times, it indicates you lack the ability, stay away from this circle, avoid investments, and especially steer clear of contracts. Invest your energy in work, cultivate your hobbies, improve your skills, earn well in your job, and live a good life. When you are relatively mature and stable, around your 30s, if you encounter a bear market like in 2022 again, take out 20,000 and try again using the methods above. If you still do not succeed, then settle down to work and stay away from cryptocurrency. The most important thing about the methods above is to have patience. If you lack patience and lose your composure, exit as soon as possible, and do not engage in contracts. In short, remember to enter when you should, stop-loss when you should, and have patience.
The second plan:
In the cryptocurrency world, three thousand coins are about 400 US dollars! Recommended optimal strategy: contracts. Use 100 US dollars each time to gamble on trending coins, and make sure to set take-profit and stop-loss. 100 to 200, 200 to 400, 400 to 800. Remember a maximum of three times! Because the cryptocurrency world requires a bit of luck, gambling like this can easily result in 9 wins and one explosion! If you pass the three barriers with 100, then your principal will reach 1100 US dollars! At this point, it is recommended to use a three-pronged strategy. Trade two types of orders a day: ultra-short orders and strategic orders. If the opportunity arises, then proceed with trend orders. Ultra-short orders are for quick strikes, at a 15-minute level. Advantages: high returns. Disadvantages: high risks. Only do with major coins. The second type of order, strategic orders, is to use small positions, such as using 10 times leverage with 15 US dollars for contracts around the four-hour level. Save the profits and invest in major coins weekly. The third type is trend orders, mid to long-term trades. Once you identify the right points, go for it. Advantages: substantial gains. Identify suitable price points and set a relatively high risk-reward ratio. Once the contracts rise, manage your positions, 70% in spot trading and 30% in contracts.
This is the trend and rhythm of the upcoming bull-bear cycle in the cryptocurrency world. If you grasp this, you basically won’t have any problems; the rest is about your faith in cryptocurrency!
Continue to use the above method for contracts.
As for spot trading, I will inform everyone in the next article.
