In the cryptocurrency circle, trying to turn a few thousand yuan into 1 million is no small feat. To put it bluntly, there is basically only one way to go—rolling over positions. I have tried it myself, using 3,000 yuan to earn 110,000 in two days, and now I will share with you how I did it.
At that time, my principal was 500 USDT, which is approximately 3,500 yuan. Throughout the process, I made a total of 3 trades.
In the first trade, I opened a position of 60% using 100x leverage, holding about 30,000 USDT, and went long on Ethereum. That night, there happened to be breaking news: an official in the United States stated that the probability of the SEC approving an ETF had risen to 75%. When this news broke, the price of Ethereum skyrocketed, increasing by nearly 20% in a single day. Luckily for me, I captured almost the entire rise, and my funds jumped from 500 USDT to nearly 6,000 USDT.
In the second trade, I was even bolder, using 6,000 USDT to open a position of 50%, still with 100x leverage, continuing to chase the rise. The next day, Ethereum rose again by nearly 1.5%, and I earned 4,500 USDT. Adding my principal, I already had close to 11,000 USDT in my account.
In the third trade, I switched to a smaller cryptocurrency. At that time, this small coin was in an upward channel, so I seized the opportunity, using 11,000 USDT to open a position of 20% with 20x leverage, holding nearly 70,000 USDT. In this trade, I earned nearly 5,000 USDT.
After these three trades, my funds increased from 500 USDT to 15,000 USDT. Having been in the cryptocurrency space for so long, I have seen my fair share of ups and downs. From being cautious at the beginning to now being a bit more adept, every step has not been easy, but the rewards have been significant.
