A fan asked me if it is possible to earn 2 million from 500,000 in the cryptocurrency circle?
Whether it is possible or not depends on your own efforts and the general trend. If you work hard to learn and practice in the financial market, the probability will be much higher than that of a gambler. There are excellent people in every industry. You have to work hard first. It is definitely not okay to be a gambler.
I have been trading in cryptocurrencies for 6 years. In the first two years, I lost 70%. I only had 50,000 left from 700,000 to 800,000. I experienced all kinds of pressure, pain, and confusion. Finally, I realized that I subtracted the trading technology and simplified it. Finally, I achieved 4 years of continuous and stable profits. If you do not plan to leave the cryptocurrency circle in the next three years and are determined to make cryptocurrency trading your second career, you must read these 8 iron laws. They are all dry goods for cryptocurrency trading to support your family. It is recommended to collect them!
1-Spot fixed investment accounts for the main position, at least 70%. About 30% of the funds can be used to buy new stocks or layout projects with higher risks and higher winning rates!
2-There are many projects. For projects with cost requirements, you should watch more and do less most of the time. When you participate, you must hit it.
3- Fixed investment in the spot secondary market, from the bear market to the bull market, only buy and don't sell, buy when it falls, and buy a lot when it falls sharply. From the bull market to the bear market, only sell and don't buy, sell when it rises, and sell position by position.
4- Don't play with contract leverage and participate in some domestic risk projects
5- Eat fish theory, from the various skirts you join, judge the stage of the project you are planning. If the skirts are all shouting orders, and eight out of ten skirts are shouting, then this project has reached its peak in stages, and you can consider selling some.
6- For some short-term projects, if the increase is too large, the way to sell is to sell your cost + some profit first, and keep the remaining profit in it without panic.
7- The logic of buying is also judged from the skirts you join. It is found that the voice of this project in the skirt is almost everyone scolding, and it is also scolding on the Internet, then this project has basically reached the bottom of the stage.
8- Regardless of short-term hot spots or long-term narratives, the project you participate in must be the leader or at least the second dragon in this segmented track or protocol, because they have stronger consensus, more narratives, and are easier to hype!