Just entered the cryptocurrency world as a novice, can I turn 500,000 into 2,000,000?
In the cryptocurrency world, you don't need 500,000, you don't need 100,000, you don't even need 50,000.
You only need 20,000 to potentially earn 2,000,000;
But, but, but
As a novice just entering the cryptocurrency world, if you take 500,000 to trade, it is no different than a sheep entering a tiger's den, 100% you will lose it all. Don’t think you are a once-in-a-million genius; you are nothing!
Therefore, as a novice, if you start with 500,000 just to practice, it can only be said that you are truly wealthy, but the result will definitely be a total loss.
If I had 50 to enter the cryptocurrency world, I would arrange it like this:
First time: bring in 1, with the goal of understanding the rules
Second time: bring in 2, because the first time will definitely blow up, this time, establish your own trading thoughts, set up a regular position, etc.
Third time: bring in 3, the second time will still explode, because you will experience various unreasonable price spikes, this will help you understand how to configure your positions
Fourth time: bring in 4, the third time will still blow up, because even if you rationally configure your positions, issues of mentality and character will naturally lead to losses.
After experiencing 4 liquidations, what can you gain?
Gain 1: Clearly know how much position and leverage to use under different market conditions
Gain 2: Overcome your own mentality and character, treat profits and losses rationally, able to decisively cut losses, increase positions, etc.; rationally maximize benefits at every stage
Gain 3: Know which coins to trade and which not to, know how to control your hands, think critically, and avoid the bad habits of impulsively trading
Gain 4: Be able to analyze trends with high quality, rationally analyze market news, understand the thoughts of major players, etc.
Gain 5: Also the most important point, establish your own trading system; if you spend so much money without even having your own trading system, you are still speculating rather than investing.
After going through all of this, you will gradually become a qualified trader, and this is the beginning of your journey to success!
So, with the remaining 400,000, isn't it just a matter of course to earn 2,000,000?
In the cryptocurrency world, if you don't have a good circle and no first-hand news, then I suggest you follow me, find me, and I will help you profit without investment; welcome to join the team!!!