4 Little-Known Facts About the Crypto World That No One Tells You (Recommended to Read Repeatedly)
1. The Cost of Averaging Down Is Not What You Think
Assuming you bought $10,000 worth of a coin at $10, and then it drops to $5, you buy another $10,000. You think your average cost is $7.5? Wrong, it's actually $6.67. Why? Because you bought more coins at $5, which brings down the overall average cost. Many people get this calculation wrong, don’t be deceived by surface numbers.
2. Earning 1% Daily, Doubling in a Year Is Not a Dream
If you have $100,000 and only aim for a 1% profit each day, after 250 trading days, through compounding, you can reach $1.32 million. Keep it up for another year, and that’s over $10 million. Sounds ridiculous? You can calculate it yourself; this is the power of compounding. But the real challenge isn’t the calculation, it’s the discipline of “taking 1% and walking away.”
3. A 60% Success Rate in Investing Can Still Lead to Huge Profits
If you make 100 trades with a 60% win rate, taking profits of 10% and losses of 10% each time, you can make 300%. It sounds like a math game, but in reality, many people can’t even follow “take profit and cut loss.” Relying solely on luck leads to extreme ups and downs, making money quickly but losing it even faster.
4. Turning $10,000 into $100 Million? Theoretically Possible, But Don’t Count on It
If you could consistently make 10% profit each time, after 49 trades, you could turn $10,000 into $1 million, after the 73rd trade into $10 million, and after the 97th into over $100 million. Sounds exhilarating, right? But in reality, you may not find even one person out of 10,000 who can actually do it. The root cause? Two words: Greed.
