From 10,000 to 1,000,000! What do you need to do?
In the cryptocurrency world, it's a fast track to wealth but also a minefield for beginners! Want to turn 3,000 into 1,000,000? You need to understand the game! Spot trading, contracts, DeFi—choosing the right path is essential for winning; following blindly will only make you a 'leek.' In 2025, with bull-bear cycles, high volatility hides opportunities! I have summarized 6 major strategies + 3 mental techniques to help you avoid pitfalls and hit your first bucket of gold!
6 Major Strategies:
1. Buying the dip: If it falls for 9 consecutive days, buy with your eyes closed on the 10th! This signal often appears with BTC and ETH when the market is being shaken out.
2. Selling the rally: If it rises for 2 consecutive days, sell immediately to secure profits! Recent pullbacks in SOL and AVAX validate this rule.
3. Breakout from sideways: If it consolidates for 6 days, follow up with increased volume on the 7th day, ARB and OP often show this trend.
4. Stop loss the next day: If you haven’t made a profit by the second day, cut your losses decisively! Time cost is an invisible killer.
5. The 3-5-7 Rule: If a coin is in the top 3 of the gainers, it will push into the top 5; if it’s in the top 5, it will push into the top 7—don’t wait to break even!
6. The curse of avoiding pits: If it rises for 4 consecutive days, be cautious of a sell-off at 3 PM on the 5th day, a tactic of quantitative machines!
3 Mental Techniques:
• Dollar-cost averaging: Buy a bit each week to average your cost; BTC and ETH are stable.
• Long-term holding: Don’t chase highs or panic sell, hold onto mainstream coins for big swings.
• Risk management: Only invest spare money; don’t exceed a 10% position in a single coin!
From 10,000 to 1,000,000, catch 10x coins in a bull market, and dollar-cost average mainstream coins in a bear market; 8 years of compound interest is to be expected! Want to learn more? Follow me for continuous insights!