What do you mean by hoarding coins? Buying any coin is just a matter of luck. If you think you can win the lottery, then go ahead.
To be more scientific, take contracts as an example; there are only two directions: going long or short. You could just ask an old lady to call it or flip a coin infinitely, which still gives you a 50% win rate. There's really no rebuttal to this. If you are willing to study hard and spend half a year digesting most trading books to build your own trading system, can you increase your win rate by just 1%? Just 1%, nothing more. So now you have a 51% win rate, and each time strictly stop loss and take profit, you must exceed a ratio of 1:1.5 each time. This means that every time you open a position, if you lose 1,
If the profit ratio is 1.5, then over the long term, not counting transaction fees, you only need a 40% win rate to ensure no profit or loss. If you have a 50% win rate, you can achieve a 50% profit after 100 trades. Even if your profit and loss ratio is 1:1, a 50% win rate also results in no profit or loss. For example, in 5-minute short-term trades, there are many opportunities in a day. Let's assume you make 5 trades a day, totaling 50 trades in 10 days and 100 trades in 20 days. With a profit and loss ratio of 1:1.5, a 50% profit in 20 days would yield a return of 50%, assuming you have 1000u. After mechanically calculating for 240 days, you could exceed 1 million.
If the profit and loss ratio is only 1:1, and the win rate is only 51%, then after 3 years your 1000u can become 1 million. Of course, those who know how to do this will definitely not go for a 1:1 profit and loss ratio. In the case of contract trades with a profit and loss ratio of 1:1.5, a 50% win rate, and 10x leverage on the whole position, the risk of liquidation is 0.8%. However, if you add the extra 1% win rate gained through hard study, there will be no liquidation risk, provided that every trade strictly adheres to take profit and stop loss.
So keep studying hard, study like for the college entrance examination, and then do it scientifically and mechanically. Don't be influenced by what others say; anything sustained over the long term can be achieved, and the same goes for the cryptocurrency market.
In the end, you will find that the hardest part is not the skills, not whether you are right in going long or short, and not how much capital you have. 1 million is not a luxury. The hardest part is how to overcome your own humanity. When you have 1000u or 10000u, can you maintain your mindset? What about 50000u, 100000u? Even a second's fluctuation will make you nervous. If you can remain calm and composed in the face of huge fluctuations in money, then congratulations, you are not far from success, and the target of 1 million is small.
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