Is it reliable to turn 500,000 into 2 million in the crypto space? Let me tell you a real story.

In 2017, I met an Old Zhang from Beijing, who sold a small house and took 500,000 to enter the market. At that time, Bitcoin had just broken 10,000 USD, and everyone was shouting it would go to 100,000. What happened? In 2018, it directly dropped to 3,000 USD, and Old Zhang's 500,000 became 80,000. During the worst times, he sat at the exchange entrance smoking every day, with half of his hair turned white.

But Old Zhang didn't give up; he began researching trading strategies. He gets up at 4 a.m. every day to watch the market and has drawn the past ten years' charts hundreds of times. During the crash in March 2020, while others were panic selling, he gritted his teeth and bought the last 80,000 worth of Bitcoin. By the bull market in 2021, that 80,000 turned into over 2 million.

Now Old Zhang has summarized a few hard rules:

1. Don't believe in any nonsense like 'this time is different'; the crypto space is always about ups and downs.

2. Be bold to buy during crashes, and willing to sell during surges.

3. Always leave at least 30% of your funds as a reserve; never go all in.

Recently, Old Zhang has started dollar-cost averaging again, investing 50,000 each month to buy Bitcoin. He said: "Making money in the crypto space is like farming; you have to rely on the weather. When a bull market comes, everyone makes money; the key is whether you're still in the game during a bear market."

It's not that there are no shortcuts. Last year, a young guy from the '90s specifically studied airdrop activities from exchanges. He registered 200 accounts and made 800,000 in half a year by grabbing airdrops. But this work is exhausting; you need to know how to write scripts, understand English, and stay up late to grab quotas. Most people give up after not being able to last a month.

My own experience is even more painful. At the peak of the bull market in 2021, my account had 1.8 million. I thought about stopping when I reached 2 million, but a wave of correction halved it immediately. Now I understand: in the crypto space, greedy people end up being the fodder.

So back to the original question: is it difficult to turn 500,000 into 2 million? It's hard if you say it's hard, and easy if you say it's easy. The key is whether you can survive the bear market and control your hands from making reckless trades. Remember, in this market, living long is a hundred times more important than making quick profits.