In the cryptocurrency world, only a few people can make money. Why is that? Because they are unwilling to patiently accumulate capital and are always thinking about getting rich overnight. Indeed, there are many stories of overnight wealth in the crypto space, but those are very rare, much like winning the lottery. The ones who can truly make money in the crypto world are those who have patience and can wait, waiting for trading opportunities and learning trading strategies. When I first entered the crypto space, I also thought about using high leverage and large positions; I was indeed very happy when I made profits. However, when I faced liquidation, it felt like all my strength was drained away, and I didn’t want to think about anything. There is no person who can become fat by eating just one meal; stable profits and low-multiple compounding are the true essence of trading. High leverage is no better than going to a casino and making a big bet. Some people can start with just a few thousand and turn it into millions over the years. Why can’t that person be you? Surviving is far more important than making big money. Once you grow bigger, have your own trading system, and then use profits for high-stakes bets, that would be without any psychological burden.
Eight dollars turned into two thousand dollars in a week. I was studying seriously for a while and adjusted my mindset to start over. Now I only play small positions with low-risk operations, not rolling positions. Although I can't say I can turn eighty thousand into twenty million, I indeed turned eight dollars into two thousand dollars.
On the first day, earned 20u, maintaining this pace for a month could yield several thousand. The only word in my dictionary is stability, keep it up, working towards 100k🥳