There is the dumbest way to trade cryptocurrencies

Someone asked me how to turn 3000 into 100 times?

Why not try to earn 10% every month? Are you trying to imagine making a million with compound interest thinking?

That's just a fantasy. I tell you the reality is that you can only earn 100 times by relying on multiples of 10, 5, and 3 each time.

Compound interest is one of the eight wonders of the world...

You only need to get liquidated once, and you will never listen to this toxic motivational talk again!

Trading cryptocurrencies to climb the social ladder absolutely does not rely on compound interest, but rather on cycles, liquidity, and price action.

Using cycles to make contracts:

The larger the cycle you observe, the higher your chances of winning. Essentially, the cryptocurrency market is a global financial market. You are playing a trading game with people from all over the world, and now you need to take money from their wallets.

How do you take it?

Use slow money to earn quick money, use smart money to earn dumb people's money.

The vast majority of people in this world are impatient, lack strategy, and are reckless. Most people open positions based on a “frenzy” without paying attention to their positions, entry timing, or risk value.

They only focus on how to make quick profits, leading to fast in and out, risking big for big rewards, and getting liquidated.

They make trades with profits or losses of dozens of points; if you extend your trades a bit, making 200 points for profit and stop-loss, your chances of winning will increase.

Your capital will consume such funds, and it's not about how smart or patient you are; in fact, you are leveraging a very key factor—“cycles.”

When Bitcoin's price was at 3000 USD, it fluctuated about dozens of points daily; at 10000 USD, it was 200 points; at 30000 USD, it fluctuated 1000 points daily; now at 58000 USD, it fluctuates around 2500 points daily.

And your liquidation price can only bear... a fluctuation of 300 points. I understand your ambition, but you can't treat fluctuations lightly!

This knowledge doesn't need to be understood after getting liquidated; you need to understand it right now!

Control your risk well; it doesn't matter if your contract is 1000 times; you just need to care about where your risk value lies.

You need to judge where the low point of a small cycle is at this moment, and that this low point is unlikely to be broken, then trade within this cycle without looking at resistance, support, or pressure levels. Your trades within this small cycle will be the strongest.