$BNB Is it possible for $100 to turn into millions through crypto trading or investing?

I write about Bitcoin and Cryptocurrencies1y

Originally Answered: Can crypto turn $100 to $1 million?

Making money in the financial markets is a lot like poker.

You have to make the best of the cards you’re dealt.

And if you know the game well enough you can still win even if you start out with a weak hand.

But the crypto game is high stakes. You have to know when to fold them and when to hold them and when to run.

But can you turn $100 into $1 million?

If you’re trying to reach a million dollars with that hand, you’re probably more willing to take risks and have a more short term investment strategy. I hate to say it, but when you’re in this position, you’re going to have to go full throttle into mean coins and NFTs and low market cap assets out the top 100, and maybe that’ll be you’re smartest/best bet.

However if you’re just going to go out and buy whatever’s trending in the news, you’re more likely to just run out of money pretty fast. Everyone who plans to win needs an edge in these markets. So if you don’t have deep pockets, you’ll need to use your brain and determination.

Don’t put in you’re not willing to loose, PERIOD. If you’re struggling to pay bills, crypto is not a game you should be playing. get a firm foundation first.

But if you have lots of spare cash or disposable income, the only way to do this is to EAT, SLEEP and BREATH crypto. Stay up to date with the latest trends and seasons about crypto.

This means seeking out any information you can about the projects you’re in. And that means going beyond just news articles. And with so many projects coming out everyday, this is more than a full time job!

Set yourself an exit level, and don’t get cute with your gains. Watching profits is the key to winning crypto and this first stage. Set a level and then GET OUT!

Once you’ve backed some gains, then you set them aside, and then you can start taking risks with the house money you are playing with.