What can you do in the crypto world with 5000?
With this amount of money, you can earn 100,000 by trading contracts in the crypto world.
You can only trade BTC contracts because other cryptocurrencies are too volatile, like gambling, with nine losses out of ten bets.
If you find the right opportunity and take a long position with rolling contracts, it is possible to achieve 20 times returns.
For example, if you take a long position around 75,000 and roll it to 110,000, that could be achievable.
Such opportunities are rare, appearing maybe once a year or once every two years!
But can you endure the big fluctuations in between?
The hardest part of a long position is finding the exit point; it's very difficult to determine the market top.
Take now as an example: many people say we are about to hit a double top and there will definitely be a big correction.
But others say we are still far from the top, not reaching 150,000, 200,000, or even 500,000.
If Bitcoin can return to around 70,000, then it might be worth going all in for a two or three times long position, holding it long-term, and aiming for a new high.
But it's better to avoid altcoin contracts; the volatility is too high, and retail investors can't grasp it, it's purely gambling with too much risk.
Just stick to Bitcoin and open small multiple positions.
