In today's financial environment, virtual currency trading is increasingly attracting attention, and whether cryptocurrency trading is legal and what risks are associated with buying and selling USDT have become core concerns for many investors.

1. Analysis of the Legality and Risks of Cryptocurrency Trading

Since 2013, the domestic government has recognized virtual currency as a virtual commodity, which to some extent has granted initial legitimacy to individuals buying and selling Bitcoin. However, over time, regulatory authorities have been continuously strengthening control measures and have introduced various regulatory measures. Notably, in 2017, six ministries jointly issued relevant management solutions, emphasizing certain inappropriate behaviors in Bitcoin trading. It is worth noting that these measures did not impose restrictions or prohibitions on individuals holding virtual currencies or engaging in normal transfer activities.

Before stepping into the volatile realm of the crypto market, let's abandon those inherent notions. Take a moment, and let us delve into the market landscape that is about to unfold.
From a macro perspective, the investment scope of Web3 can roughly be divided into two main sectors: underlying infrastructure (infra) and application scenarios (apps). Essentially, there are two types of investment models: one appears mundane at first but hides the potential for long-term substantial returns; the other is thrilling in the short term but may ultimately prove illusory. Many cryptocurrency investors flock to the market, primarily driven by the allure of quick and significant profits, and are willing to take risks for it. This has led to a preference for cyclical investments—such investments tend to be short-term actions and only work during specific bull market cycles.

Is it really that difficult to make 1 million RMB in the cryptocurrency world? What are the ways?
In the cryptocurrency world, if you want to achieve the capital target of 1 million, especially if you start from tens of thousands of yuan, there is only one way to go, and that is rolling positions.
When you accumulate 1 million yuan in capital, your whole life seems to be completely renewed. Even without using leverage, you can earn 200,000 yuan just by relying on a 20% increase in spot prices, which is the annual income limit for most people.
In addition, in the process of making tens of thousands of yuan from one million, you will gradually understand some ideas and logic of making money. At this time, your mentality will become more peaceful, and the next operation will become copy and paste.

It is essentially a form of leveraged cryptocurrency trading. This high-risk investment method is very likely to cause a crisis of liquidation under extreme market conditions, which will bring heavy blows to investors. When investors choose a higher leverage for cryptocurrency trading, although they can leverage more coins with less funds, thereby amplifying potential returns, at the same time, the risk of liquidation also increases exponentially. For example, if Xiao Li uses 10 times leverage, once he makes the wrong direction, his loss rate will soar to 100% as long as the price of the underlying asset fluctuates by 10%, and his position will be liquidated instantly; while Xiao Wang uses 5 times leverage. If he makes the wrong direction, the price of the underlying asset needs to fluctuate by 20%, which will cause the loss rate to reach 100% and cause liquidation. In view of this, investors should be cautious about contract transactions during cryptocurrency trading, be sure to set stop loss and take profit positions, and be highly sensitive to changes in the market and track and observe in real time. When there are signs of a reversal in the market, close the position decisively to avoid greater losses due to indecision. Do not hold blindly and take chances.

1. [New to the cryptocurrency world]

When I first came into contact with the cryptocurrency circle, I was like everyone else, relying on luck to buy whatever coin I liked. I don’t know if it was because of good luck or the protection period for novices, but in the first six months, my assets increased by more than ten times. At this time, I was inflated!

However, it turns out that when a person is too proud, he may fall, and reality will mercilessly slap you in the face. When my assets were cut in half in one order, I realized that the trading market is ruthless and good luck will not always favor you!

As for Bitcoin (BITCOIN), the current situation is still unclear, and there is a downside risk in its price trend. The key points of 92000, 88000, and 85000 are worth paying close attention to. Once the price falls to these points, we can consider adopting a strategy of buying spot in batches with small amounts, and gradually lay out the layout with the concept of winning in stability.
The price of BNB fluctuates between 670 and 710. Participating in its launchpool activity is quite cost-effective. Not only can you get airdrop rewards by locking positions, but the market selling pressure is relatively small. It has many loyal users and the price performance is relatively stable. In fact, launchpool is also a disguised support and protection mechanism for long-term holders by the exchange to a certain extent, providing investors with a relatively stable investment option.

Take your time to read, and you will gain unexpected rewards, making your journey in cryptocurrency trading more powerful and unstoppable.

In today's society, financial freedom has become a goal that many people dream of, and cryptocurrency trading, as a new investment method, attracts countless ordinary people yearning to change their fate due to its potential high returns, like a magnet radiating an enticing glow. But can ordinary people really turn their fortunes around through cryptocurrency trading? This is a question worth exploring in depth.
It is undeniable that there are indeed some eye-catching wealth myths in the cryptocurrency world. Investors who got involved in Bitcoin and other digital currencies early saw their assets multiply geometrically in just a few years, leaping from ordinary individuals to wealthy new elites. Their stories spread quickly through the internet and media, igniting the dreams of getting rich in many others' hearts. These success stories seem to announce to the world that the cryptocurrency world is a golden mountain filled with endless treasures, where stepping in can uncover one's own wealth.

My family and children were separated because of the cryptocurrency speculation. The past is unbearable to look back on. I still survived. The experience along the way was like a roller coaster. In the first three years after entering the market, I plunged into this seemingly infinite world of cryptocurrency with 200,000 yuan of capital with great expectations, fantasizing that I could easily make a lot of money. However, the reality dealt me ​​a heavy blow. In just three years, my capital was only 10,000 yuan left.

Have you guys in front of the screen experienced this? Please read my story patiently.

At that time, my relatives and friends all ridiculed me, saying that my cryptocurrency trading was the stupidest thing to do, accusing me of neglecting my family and having no ambition. They poured all kinds of ugly words into my ears. To be honest, I really felt that I was useless at the time and almost gave up completely. However, deep in my heart, there was a strong unwillingness. How could I give up so easily? So, I gritted my teeth and swore to my family that I would use the last 10,000 yuan to fight again and give myself one last chance to turn over.

There are indeed strategies for trading cryptocurrency that guarantee profits. My trading method is very simple and practical; I managed to accumulate eight figures in just one year by focusing on one pattern, only entering the market when the opportunity arises, and not trading without a pattern. For five years, I have maintained a win rate of over 90%!

Tested method: From May 2023 to June 2024, 502 days and nights, turning 3000 into 3 million, with a return rate of 14838%. In the crypto world, if you want to turn small capital into large amounts, the only way is to roll the position!

Today I am sharing this method with those who are destined to find it. If you also want to get a piece of the pie in the crypto world, take a few minutes to read carefully, then gradually absorb and practice it to form your own stable profit system in crypto!

Family, take a few minutes to read this article and gain some insights. You don’t have to feel so lost in the cryptocurrency world.

But I was unwilling to sink into despair. After deep reflection, I resolutely decided to start over in my fourth year with the remaining 300,000. With unwavering perseverance and in-depth research of the market, I gradually explored a trading strategy that suited me and achieved steady growth in profits. Now, this 300,000 has transformed into over 34 million, and I can maintain stable profits. Over the past decade, I have summarized ten crucial trading rules and a unique method for trading cryptocurrencies. Today, I wish to share them without reservation, hoping to help those who are lost in the cryptocurrency world avoid detours and not repeat my mistakes.

In the cryptocurrency industry, which is full of opportunities and challenges, contract trading is like a double-edged sword. If used properly, it can bring great rewards, but if not used carefully, it may lead to losses. If you are in the dilemma of contract losses, then the following key points that have been tempered by actual combat will become the cornerstone for you to turn things around and move towards profitability.

1. Accurately control stop-profit and stop-loss - the survival foundation of trading
Stop profit and stop loss are the core skills of contract trading, and their importance cannot be overemphasized. The market situation is like the ever-changing wind and clouds, changing in an instant. The rise and fall of the currency price follows the inherent cycle law, whether it is rising or falling, it will not be endless.

Funds within 100,000 US dollars are not suitable for buying ETH and BTC, as it is indeed impossible to rely on BTC and ETH to turn around. Above 100,000 US dollars, you can allocate 10% to BTC and ETH. As the capital size increases, for example, reaching 1 million US dollars allows allocation up to 90%, and further up to 10 million US dollars can allocate up to 95%. Each funding stage has different gameplay and survival strategies. Do not blindly learn from anyone.

In the stage from 10,000 dollars to 100,000 dollars, if the market is not good or too good, you will attempt to short contracts and may end up failing midway. Because they see hope and want to achieve greater success, yet do not want to waste a downward market, believing they are trading geniuses, or that the direction pointed out by a big influencer regarding Bitcoin is a 100% truth for trading contracts. Then, unexpectedly, things do not go as planned, and they may suffer a liquidation scare. You still firmly believe that the direction you identified is correct, continuing to add margin until you have transferred all the US dollars in your spot account to the US dollar-denominated contract account, only to realize you have no way out. All you need to do is endure this most difficult market phase, convinced that all losses will eventually come back. You are no longer thinking about making money, just hoping to break even. Watching the contract with a -266% yield, you can’t even sleep, checking your account every few minutes, afraid of liquidation. Nervously, you just want to smoke a cigarette and have a sip of water to calm your anxiety, your back tense. This torment has gone on for several nights near your liquidation price, and you feel that dawn is approaching. Your gaze is dazed; you just woke up, opened your account, and thankfully, you haven’t been liquidated. You got up to relieve yourself and washed your face, fearing that the contract might really liquidate. While washing your face, you glanced at the account again, thankfully, still okay. At the moment you closed the bathroom door, your phone buzzed three times in your pocket. You hurriedly opened your phone; the screen showed three messages, two prompting you to add margin and one a liquidation warning. Your mind goes blank, and you still can’t believe it. Unwilling to open that app that kept you awake all night, you see nothing—no open positions on the contract interface, just a blank screen. Not wanting to accept this reality, you smack your head and tug at your hair, switching to total assets: 0.3 US dollars... You smoke a cigarette and refresh the app again: 0.3 US dollars... You opened a borrowing app, recalling there might still be a limit to borrow, but the online loan had no limit. Switching to WeChat, you checked the micro-loan, which said you had a limit of 15,000 left. Unwilling, you applied, but the response was that this product could not serve you at the moment. Just thinking about the various loans to be repaid this month totaling 26,000, with a monthly salary of 7,000, you lowered your head and asked your good friends and older siblings. You didn’t dare to say you were trading coins, just telling them you were renovating and needed a few thousand dollars. You successfully borrowed 30,000. You thought after repaying this money you would still be broke, and you jumped back in. Looking at the 5,000 US dollars in your account, which was originally a 10x contract, you thought that if you quickly regained the lost money, you could directly open a 20x position, feeling it absolutely couldn’t go up anymore. After placing the order, you pretended to be calm chatting in the group. Suddenly, a Twitter notification popped up: BlackRock has added another 20,000 BTC today. You immediately switched to the app and saw a nearly 4% big bullish candle, and your phone vibrated three times again. You knew it was too late; everything was over... Countless debt collection messages, calls from various loan platforms, and inquiries from your parents asking if you owe a lot of money... Regret, self-blame... You searched through all the accounts and addresses you had used in the past, looking for any overlooked funds, rummaging through bank cards to see how much was left. You started to make up excuses to people around you, began to deceive... In the group, your once active presence was gone. You, who could talk nonstop in a day, never appeared again, nor did you comment on the upcoming market. They even thought you made a profit on some coin, no longer trading coins. Well, indeed, you no longer traded coins... and had no money to trade. Years later, after a cycle of bull and bear, you finally caught your breath outside. Debts were mostly resolved, but you were still obsessed with the losses in the crypto circle, still believing this was the only place to turn things around. "I must get back what I lost!" Here you are again... carrying the lessons learned from past losses, accepting the baptism of this market anew! Cautiously, after many tribulations, you finally stand back on 100,000 US dollars! You have become that confident crypto trader again, but the fear of contracts still lingers in your mind, a sense of reverence!