How to make your first million in the crypto world?
If you have 10,000 in capital, a very simple and not exaggerated method can earn you 1 million. I have traded crypto for 10 years, entering the market with 68,000 saved from my job, and now my assets exceed 20 million. I quit my job to trade crypto full-time, relying solely on trading for my livelihood, focusing only on spot trading and occasionally playing contracts. Today, I will share the 'ultra-short-term trading skills+' and how to no longer fear losses in crypto trading. Although I haven't achieved some people's goal of turning 10,000 into two small targets, I am very satisfied and stable, dreaming that by the end of this year my account can exceed 100 million, and next year I can have more capital to earn more money.
Ten years ago, I entered the crypto world with only 50,000 yuan. After experiencing various pains, confusion, and self-doubt, I finally had a great realization: simplify trading techniques, reduce complexity to achieve stable profits. Now life is relatively comfortable; in my spare time, I fish, play soccer, and occasionally meet friends for drinks! Today, I share my methods with you! Before enlightenment, it's as difficult as climbing to the sky. After enlightenment, it's as easy as turning your hand. Successful trading = philosophy + mathematics + psychology + clever gaming! (Use philosophical thinking for the big picture, logical thinking for topics, human nature thinking for emotions, and gaming thinking for viewing trading.)
Do trading experts need to watch the market every day?
At the beginning, I focused on watching the market every day for about 6-7 years, writing daily trading journals and summarizing. Once I learned, I still watched the market daily and recorded the trends, but I didn't trade every day. The market feel is very difficult to teach; it can only be accumulated through extensive observation over a long time. Gradually, you can use the relationship between volume and price to predict the market, repeatedly validating your predictions, and you can usually lead the market by several days. However, you still need to watch the market. Trading is a process of forming hypotheses, presenting viewpoints, validating the market conditions, making money, paying attention to risks, and exiting profitably.
Affected by Bithumb's launch of the KRW trading pair, HAEDAL briefly rose over 24% BlockBeats news, on May 2, according to market information, affected by Bithumb's launch of the KRW trading pair, HAEDAL briefly rose over 33%
The current trend of ETH is still good, are the coin friends still holding?
Ethereum (ETH): The Bollinger Bands on the 4-hour chart are narrowing. If it breaks above $1,850, it will open up space to $1,900; if it falls below $1,760, it may trigger a pullback to the $1,725 support.
Add positions after stabilizing at $1,850, with a target of $1,900-2,000 and a stop-loss at $1,810.
Target 1900-2000
If you have any questions, feel free to contact me for consultation...
A few years ago, I earned around 4 million, with a principal of 50,000. I haven't worked since graduating from university. I've been playing in Kunming and Dali, not buying a house or a car. Monthly expenses are 1500. Why enter the circle. If you want to change your fate, you must try the crypto space. If you can't make money in this circle, ordinary people will have no chance in their lifetime. How I make money: With a principal of 50,000, I did projects in university, participated in Taobao affiliate marketing, completed tasks, delivered packages, and took up various small jobs, which helped me save up 50,000. When entering the crypto space, I thought BTC was too expensive, so I kept playing with ETH, which has leverage, and then moved to altcoin spot trading. Choosing coins and managing positions well.
How difficult is it to make a living from trading?
Difficult, difficult to the point that you can't imagine. However, it's not that there are no paths to take. First, let's talk about why it is difficult --- From an objective environmental perspective, in the market, there are seven losses, two breakeven, and one profit. How to become that one? How to equip yourself with the ability and skills? This is the first challenge. From a family environment perspective, most people equate trading with gambling. How to gain family support is the second challenge. If the above two challenges are overcome, there is still a problem of capital volume. To trade for a living, the money earned must at least cover family living expenses. If annual returns can reach 20%, for a family with an annual expenditure of 100,000, at least 500,000 is needed. For singles, with an annual expenditure of 40,000-50,000, 200,000-300,000 is required... This is already a very ideal state. Honestly ask yourself, do you have that spare money? Even if you do, facing survival pressure, you may feel constrained and anxious. This may not guarantee a 20% annual profit; this is the third challenge.
What methods are left for turning around in the crypto world now?
To be honest, by 2025, those who can still turn around in the crypto world rely primarily on - cognition and execution power, not on random guessing or gambling. The methods to turn things around are actually just these few paths, nothing new, but achieving them is truly not easy: ✅ 1. Mainstream Spot Dollar-Cost Averaging , enduring the time dividend. Suitable for ordinary people, suitable for those who don't have much time to watch the market. Bitcoin, Ethereum, when stretched over a 3-5 year horizon, still have a high win rate. Dollar-cost averaging is not about chasing highs and lows every day, it's about not caring about short-term fluctuations, gradually buying in batches, heavily investing at lows, and reducing positions at highs.
In the cryptocurrency circle, is it a bull market or a dead cat bounce, or a dead cat bounce followed by a bull run?
Once again aiming for historical peaks, the frenzy of soaring prices and the specter of plummeting prices are caught in a deadly struggle in the candlestick meat grinder—Is this the new world tearing open the cracks of the old financial system, or is it a bloody bait thrown by dark pool giants? The sudden emergence of billion-level chips on-chain data has formed a death resonance with the explosive short positions in exchanges: is it the last blood-red firework above the corpses of retail investors, or a symbolic totem inscribed by giant whales using massive contracts before a monthly trend reversal? In the vast ocean of virtual currency, from the initial caution to the current ease, every step is filled with challenges and rewards.
Bitcoin fluctuates at high levels! Arizona bill to be voted on today, can key support levels hold?
I. Market news: Policy and technical game **
1. Arizona bill vote: This afternoon at 1 PM (local time), the Arizona House of Representatives will conduct a final vote on SB1373 and SB1025. If passed, it may encourage the state government to include Bitcoin in its strategic reserves, strengthening institutional allocation demand.
2. Bitcoin price resilience: Despite the Dallas Fed manufacturing index plummeting to -35.8 (the lowest since May 2020), Bitcoin remains stable in the $94,000-$95,000 range, with a 24-hour volatility of 3.2% and a total liquidation amount of $480 million (72% long positions).
How much future potential does the cryptocurrency market have?
In early 2017, I unexpectedly encountered cryptocurrency In the bull market of 2017-2018, I invested 60,000 yuan and finally earned more than 1 million yuan. In the bull market of 2020-2021, with a capital of about 1000w, the maximum floating profit was more than 2000w. Now people are still making money from cryptocurrency. Once you have an epiphany about cryptocurrency trading, it will be like you have turned on a cheat code. At the end of last year, I started playing with 200,000 yuan, and now I have 20 million yuan, which is a 100-fold profit easily (suitable for everyone). A new round of bull market in cryptocurrency is ready to take off, and the goal of this round is to achieve true financial freedom.
The Secret of Cryptocurrency Circle Enlightenment | 8 Moments of Enlightenment from Leek to Hot Money
Why Ordinary People Should Avoid Frequent Trading?
As an ordinary person, how can you learn the essence without frequent trading? How can you learn to avoid pitfalls and develop market intuition without failing a few times? On the contrary, seasoned players should avoid frequent trading; continuous losses can affect one's mindset and lead to a loss of market judgment. The Four Major Laws and Ten Realms of Blockchain B Circle I. Cryptocurrency Rules - The Four Major Laws 1. [First Law: Consensus Law] A thousand fools form a consensus; they can all become millionaires. A fool's consensus is still a consensus. 2. [Second Law: Smash Law] Retail investors smash prices, while big players accumulate! Once they have accumulated enough, they raise the price, and those who sold in a panic come back to buy, driving the price higher!
Are there still opportunities in the crypto world in 2025? Can there still be a bull market?
Whether there are still opportunities in the crypto world in 2025 and whether there can still be a bull market is a question involving multiple factors. Here is a detailed answer based on the latest analysis and predictions: 1. The foundation of Bitcoin's bull market Halving Effect: Bitcoin's halving is an important factor driving price increases. After the halving in April 2024, miners' daily output will drop to 450 coins, while the average daily purchase volume of institutional spot ETFs is as high as 1,000 coins, leading to demand far exceeding supply, which may trigger liquidity tightening and push prices soaring. Global Monetary Easing: The market generally expects the Federal Reserve to cut interest rates in mid-2025, and a global liquidity turning point is approaching. Historical data shows that Bitcoin prices are highly correlated with the growth rate of global M2 money supply, with an approximate two-month lag effect.
Why do I always lose money when trading cryptocurrencies?
I have made a total of more than 40 million yuan from the cryptocurrency industry, starting with less than 100,000 yuan in capital. I did not look for a job for 9 years and traded in cryptocurrencies full-time. During this period, I experienced drastic market fluctuations, but the key was to seize several bull market opportunities. Big data push is not accidental. Encountering this message indicates that your good luck is coming. Please leave a message "good luck, everything goes well, and the future is promising". In the next three months, let us witness the miracle together.
If you have less than 500,000 yuan in funds and are eager to quickly make a name for yourself in the field of digital currency through short-term operations, then please pay attention to the following content. After reading it, you may suddenly understand the true meaning of short-term operations!
Important Updates: 1. Binance announces listing and delisting standards; 2. Trump: Russia and Ukraine are 'very close' to reaching an agreement; 3. Trump: It is unlikely to suspend tariffs for another 90 days, hopes to reach an agreement; 4. Bitcoin records the largest weekly gain since the U.S. elections, outperforming U.S. stocks; 5. U.S. Trade Representative's Office: Negotiating alternatives for reciprocal trade; 6. Coinbase: The legality of staking should be protected, only five states in the U.S. oppose staking services; 7. U.S. Senator Lummis: The Federal Reserve's withdrawal of cryptocurrency regulatory guidance is just talk; 8. SEC Chairman Paul Atkins: Will focus on the regulatory handling of digital assets and distributed ledger technology.
In recent days, Bitcoin has been testing the 96k-96.5k level, which has been tested multiple times without breaking. Although it's a new high, the RSI did not peak at the same time and instead declined, indicating weak upward momentum. Ultimately, it fell to around 95.7k-95.2k, with a target by the end of the month likely at 93k-92k. The second coin is also the same; the new high is just a trap for bulls, consider entering in batches, target 17.5
Why does the cryptocurrency market decline slowly but rise rapidly?
This is because downturns in the cryptocurrency market are very slow. The specific situation might be like this: you bought for 1 million, it rises to 3 million, then falls to 2.7 million. You don’t want to sell, thinking of the 3 million, but it rebounds to 2.8 million, and then continues to drop to 2.5 million. You think of selling at 2.8 million, but it goes straight to 2 million, so you decide not to sell. Finally, 2 million turns into 1 million, and then it rises to 1.5 million, and you can only pretend not to see it. 1 million becomes 500,000, then back to 700,000, and you feel helpless, thinking it’s better to just let it be. Throughout this process, with each rebound, you hope to return to the original price, but the market is no longer what it used to be.
What does the trading system of top trading experts look like?
If you can achieve the following, you'll naturally understand:
1. If you can largely control the risk of losses (defense) 2. The trading system has a certain positive growth (attack) 3. Seize every certainty, maintain a large cash position Time (increase attack power, enhance defense) 4. Move stop loss and take profit; while most people in the market lose and get trapped, and run away after making a little money, you do the opposite (both defense and attack need to be high) 5. No more showing off; discovering that such things are really boring, there's nothing to flaunt, doing the same thing over and over again
Gradually, you'll notice that in your trading, losses are minimal, and gains aren't much either; occasionally, a single gain can exceed the total recent losses, and the capital curve mysteriously starts to stabilize upwards. Doubling your money in a year is relatively simple and conservative, as achieving a monthly interest rate is not difficult, but do you take this profit seriously? I just want to say that most people look down on it; they want to make a lot of money but haven't thought about being grounded.