If there are crypto millionaires, it's because there are a lot of beginners who lose money 💸, and they recover. It is impossible to generate a dollar, or even 2 dollars, on Binance without having experience, at least knowing how to do an analysis. In reality, the one who arrives saying "I want to make money" and who brings nothing will lose everything.
Stop pretending to be beginners 😅, . We lull them with the idea of easy money, we write "crypto millionaire", to bait them
For example, he's going to bet on a token in a launchpool, he's going to lose everything, and he's going to come and cry 😢 on Square saying: "I lost $600". That's normal! We have to remind him that there are crypto millionaires, and that if there are winning millionaires, it's because there are losers. And he's one of those losers. So if there are millionaires, it's because they manage to capture the liquidity of losers who don't know how to analyze, who don't know how to invest properly, who don't know how to split their investment into several lots so as not to risk everything, who ultimately know nothing. And all they know is wanting money like on TV 📺.
👉 cryptos are not made for those on welfare
To begin to become someone who is no longer like the others, while still being like the others, since we are all constrained by the market, the first thing to do,
This is to do spot trading, therefore with several small lots in USDC.
Once... better to have a reserve of USDC (around 15%).
Then, put a part in spot to do daily trading. So we will convert the USDC into a currency that is at its lowest level. This is where you need to know the levels. This is the only thing to know about trading: the levels 📈.
We can have indicators that set the levels, but they are not necessarily all reliable. The strategy is to keep informed of the news and invest little by little, instead of investing massively. That way, if we make a mistake, we have not lost everything.
Next, we're going to make limit orders. That is, the order must be triggered at a certain price to reduce fees. Binance offers very competitive fees, and there will be a lot more profit taking. It's the same for sell orders: generating assets to USDC. If we've done it right, in principle, we should end up with a few more USDC. The goal is to do this again as much as possible, knowing that we can limit losses if we choose an asset that goes up or if we invest in a bull market 📊.
In a bear market, there are other strategies to implement, like betting on tokens that can go up or tokens that are the inverse of Bitcoin. They exist. But you can't come in and say, "How do I make money?" and copy and paste articles that promise to make $15 a day. What happens here is that people think that making $1,000 in crypto is super easy, since there are millionaires. So, they say to themselves, "Making $100 must be even easier." In total, they invest $600 thinking that it takes a lot to make $100. Result: the $600 is devoured by crypto millionaires, who have the means.
Here's the thing: there absolutely must be no beginners. Every beginner here on Square is losing money 💔. None of them are going to make any.
These are dreams, tricks used by traders or investors to make them believe that it is very easy.
While it is a job, and the hardest job. If we compare in terms of performance, being a trader is the hardest job in the world 🌍. There is less risk in breaking stones all day for 10 dollars an hour than in trading, since in the end, you can lose everything.
This is not a job for beginners, although some beginners are lucky. Those who don't want to take risks to earn $10 a day... that's not wanting to take risks.
And in trading, not taking risks is the same as greed 💎. Always wanting to keep your money leads to ruin, just like greed. Overconfidence too. There should be no more beginners asking "How to turn $10 into $1000?", because it exposes their weaknesses to those who will take advantage of them.
Small tip: when you do spot, always make a limit order. This allows you to have less fees, because obviously, there are fees. We do not buy at the same price as we sell 😉.