In the cryptocurrency world, there are some lesser-known tips that can help you achieve more with less effort. Today, let's reveal a few practical tricks!

Cost averaging is far more complex than you might think*

Assuming you buy a cryptocurrency for 10 dollars, spending a total of 10,000 dollars. Then, the price drops to 5 dollars, and you invest another 10,000 dollars.

At this point, you might think the average cost is 7.5 dollars, but in reality, it is 6.67 dollars. This calculation method is especially important when the market experiences significant fluctuations, and mastering it can help you manage your position more precisely.

The power of compound interest should not be underestimated

Imagine you have 100,000 dollars in capital, earning a 1% return every day; after a year, your capital will grow to 1.32 million. If you persist for another year, the dream of becoming a millionaire is just around the corner.

Although this is an ideal situation, the compounding effect can indeed make your wealth grow rapidly.

Probability and stop-loss/stop-profit strategies are key

Assuming you have a 60% probability of making a profit on each trade, taking profits at a 10% gain and cutting losses at a 10% loss.

After 100 trades, your money could triple! Of course, the prerequisite is that you must strictly adhere to the plan like a robot, avoiding emotional influences from market fluctuations.

Greed is your greatest enemy

Starting from 10,000 dollars, earning 10% each time, you will soon approach a million, or even tens of millions in wealth.

However, the problem is that almost no one can resist greed; many people become overconfident with even slight profits and may ultimately lose everything. Therefore, controlling greed is the long-term strategy, and remember not to lose big for small gains.