I just read an article. Is it possible? With such a small investment?

Beginner's Guide to Cryptocurrency Trading: How to Steadily Move from 5,000 Yuan to 100,000 Yuan?

Imagine that you have 5,000 Yuan in your hand and want to make a living in the cryptocurrency circle. The goal is to double it quickly and reach the height of 100,000 Yuan. This is not an unattainable dream, but it requires you to have strategy, patience, and a little bit of luck.

Step 1: Don't be greedy, take your time

First of all, don't think about reaching the sky in one step. 5,000 to 100,000 sounds like a 20-fold increase, but in fact it takes time and strategy. Every month, the cryptocurrency circle will fluctuate, and this is your trading opportunity. Don't pursue too high leverage. The risk of more than 5 times is too great, and you may lose all your money.

Step 2: Learning first, practice second

When you first enter the cryptocurrency circle, the most important thing is to learn. Learn how to read the market, how to analyze the market, and how to choose the right time to trade. No one can steadily increase 20 times at the beginning, even with small funds.

Step 3: Pay attention to BTC and ETH

BTC and ETH are the two giants in the cryptocurrency circle. Recently, BlackRock's Bitcoin ETF surpassed GBTC to become the world's largest ETF. BlackRock is also applying for an Ethereum ETF, which means that Ethereum's market position is also constantly improving.

Market news, don't miss it

In the currency circle, news is money. For example, the global BTC ETF's holdings hit a new high, with a value of more than 68 billion US dollars. There is also ether.fi to launch a new event, and Uniswap's transaction fees are also soaring. These may be good opportunities for you to trade.

Options market, learn about it

The options market is a battlefield for masters, but you can also learn about it. Ethereum's implied volatility continues to decline, but the market is still bullish on the inflow of funds to the Ethereum ETF. Bitcoin's expectations are not as good as Ethereum, so when choosing a trading product, you must consider it carefully.

The global macro situation also needs to be considered

Although the currency circle is an independent market, the global macro situation will still affect its trend. For example, although the three major US stock indexes fell last week, the monthly line still closed higher. This may affect investors' sentiment and thus affect the trend of the currency circle.

Cryptocurrency trading is not an easy thing, but as long as you have patience, strategy and luck, it is possible to move from 5,000 yuan to 100,000 yuan step by step.