If you don't trade contracts now, it's impossible to get rich.
Trading contracts with 100x, 50x, a few hundred U, or a few thousand U might be possible, but making continuous money with over ten thousand U at 100x leverage is impossible. Just think about it; the funds you can use to play with 100x leverage over ten thousand U are not much, and it’s essentially gambling your entire wealth. Newbies don’t start off this way; that number is something you can’t bear. Do you know how much margin you need? I believe there aren't that many fools in this world, so stop asking if there's a way to make a million overnight. Typically, with contracts, I use 5 to 20 times leverage, continuously trading 200 U to reach 10,000 U over about two months. I don't know if my method will still work after this market phase. My strategy is to find out which coins are being hyped through social media and then look at the market and the dealer's volume. I predict larger trading volumes around 11-12 PM or 2-3 AM. When I have a long-term bullish outlook, I set positions during sharp drops. For example, if you have 100 dollars, your margin is 100, and the position is 20 dollars with 20x leverage. Generally, 1 to 4 hours is one point; if it continues to drop, I keep making positions. When social media traffic decreases, you can tell it will drop. It’s a very simple theory. Social media traffic can be monitored using plugins to view data. This method can easily lead to blindly following the trend because of overconfidence, so staying calm is crucial. During continuous declines, I would trade a few dozen dollars with 100x leverage adjustments.
In the past, I actually played with 100x leverage on 5-10 minute trades, but I got scared because continuous profit can make you overconfident. However, every now and then, you could get wiped out in 5 minutes. Beginners should stay away from cryptocurrency now; those days of buying altcoins for hundreds of times returns are gone. When you hear about making a million dollars from a thousand, it's basically a scam. After so many years, besides making contracts during a bull market and the few miners in places like Sichuan and Harbin, not many people have made big money. Most are early players who had faith, believing that one Bitcoin would someday be worth 10 million. Now there are many holding around a hundred coins; back in 2017, I laughed at them for being foolish, thinking they could just buy coins if they had money.
I am Xiao O, a professional analyst and educator, a mentor and friend on your investment journey! As an analyst, the most basic thing is to help everyone make money. I will help you solve confusion and issues; let my abilities speak for themselves. When you feel lost and don’t know what to do, follow Xiao O who will guide you in the right direction.