How can ordinary people make 1 million yuan with 3,000 yuan in the cryptocurrency circle?
We have to take steady steps and don't think about making a big move at the beginning. Divide 3,000 yuan into four parts, and take out one part each time, which is about 100U, to play contracts, and specifically choose those popular currencies. Remember, don't be greedy when you make money, and don't hold on when you lose money. Set a stop-profit and stop-loss line for yourself. For example, if you make 200U from 100U, you will leave, and 200U will turn into 400U, and 400U will become 800U. That's it. Play at most three times and stop when you see the good. Because the cryptocurrency circle is a thing, luck is very important. Winning nine times is not enough to lose once. If it is so smooth, the principal will soon rise to about 1,100U, and we have to stabilize and think about the next step.
Next, we have to spend more time to study this market. See which projects are reliable, have good technology, strong teams, and good prospects. These must be figured out. Don't follow the trend blindly, you have to have your own judgment.
Then, remember to diversify your investments, don't bet all your money on one project, if it fails, it will be terrible. Find a few promising projects and divide your money, so that the risk is reduced.
Also, patience is very important. Once you have chosen a project, don't rush to sell it, hold it for a long time, and believe that its value will rise. The currency circle fluctuates greatly, you have to be patient and wait.
Leveraged trading? This thing is risky, you have to know the business before you dare to touch it. If you really want to use it, you have to be careful, set a stop loss point, and don't let yourself fall into despair.
For trading, you have to take the initiative to see what the market is doing, and take action when you get the chance. You have to learn technical analysis and trading strategies, but don't forget that the market is risky and trading needs to be cautious.
Finally, you have to keep learning and keep up with the pace of the market. The currency circle changes quickly, and what is popular today may be cold tomorrow. You have to flexibly adjust your strategy to survive in this circle.
Don't forget risk management, set a bottom line for yourself, and don't lose all your hard-earned money because of a momentary impulse.
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