【How to Earn Your First Million with Small Capital】
First, you need to have some starting capital 💰, around 30,000 to 50,000. If you don’t have that amount, the only option is to work and save money. This money must not be debt; that is very important.
Regarding how to save this money 💰, you must be a bit tough on yourself. For example, if you have a salary of 10,000, you should aim to spend only 2,000 a month, 1,000 for food, 1,000 for accommodation, and force yourself to save 8,000. Avoid socializing, eating takeout, dating, and traveling. In this way, you can save 50,000 in three to five months as your starting capital.
Once you have this capital, wait for an opportunity, a rolling warehouse opportunity. This opportunity does not come from technical indicators but from market sentiment. You will definitely feel the widespread cries in the crypto circle during certain days like 94, 312, 519, which are doomsday days for the crypto market.
Such days basically occur every year, with the market full of bloodied chips. At this time, it is when you should enter the market, go long on Bitcoin 📈, and then open a 5x position to roll the warehouse. At this point, there is basically no supply, and it’s almost mindless to go long 📈.
If you enter the market at this time, you must hold your position. If you are in profit, use the profits to increase your position, but ensure the position remains at 5x. The more profit you make, the larger your position can grow, but the leverage will always be 5x to control risk.
This rolling warehouse strategy can likely yield 3-5 times return (with good luck, it could be over 10 times). Your capital will reach a scale of 100,000 to 200,000. At this time, what you need to do is withdraw the principal and continue playing with the profits. As long as you seize 2-3 such opportunities, you can accumulate your capital to 1 million.
For most people, this is the most feasible plan to earn 1 million in the crypto circle. Although it may not be the fastest, it is definitely the most reliable; slow is fast.
Wish everyone can earn their first million as soon as possible.