In the cryptocurrency world, you need to find a way to earn 1 million in principal first. The only way to turn tens of thousands into 1 million is through rolling capital.
Once you have 1 million in principal, you'll find that your entire life seems different. Even if you don't use leverage, a 20% increase in spot trading yields 200,000, which is already the income ceiling for most people in a year.
Moreover, when you can turn tens of thousands into 1 million, you'll grasp some strategies and logic for making big money. At this point, your mindset will also be much calmer, and from then on, it's just a matter of copying and pasting.
Don't always think in terms of tens of millions or hundreds of millions; start from your actual situation. Bragging only makes the braggers comfortable. Trading requires the ability to identify the size of opportunities. You can't always trade with a light position, nor can you always go heavy. Usually, play with small positions, and when a big opportunity arises, then bring out the heavy artillery.
For example, rolling capital can only be executed when a big opportunity arises. You can't keep rolling; it's okay to miss out sometimes, because you only need to roll successfully three or four times in your life to go from zero to tens of millions. Tens of millions is enough for an ordinary person to graduate to the ranks of the wealthy.
A few points to note about rolling capital:
1. Sufficient patience; the profits from rolling capital are enormous. As long as you can roll successfully a few times, you can earn at least tens of millions or even hundreds of millions. Therefore, you can't roll easily; you need to find high-certainty opportunities;
2. High-certainty opportunities refer to a significant drop followed by sideways consolidation and then an upward breakout. At this time, the probability of trending upward is very high. Identify the point of trend reversal and get on board from the beginning.
In the cryptocurrency space, if you earn 1 million, and want to transfer this money back to a domestic bank account, you need to operate carefully. A direct transfer may attract the attention of regulatory authorities and could be regarded as illegal income, possibly leading to legal issues. However, there is no need to worry, as there are several legal ways to solve this problem.
The following content is for reference only, not personally tested, please make your own judgment.
The first method is: withdraw USDT to the BiyaPay wallet, which has obtained relevant licenses in the United States. Through BiyaPay, you can exchange USDT for US dollars, and then transfer through banks such as Wise or OCBC. Although there may be certain fees and exchange rate losses along the way, the entire process is transparent and legal. When using Wise, funds can be transferred back to domestic Alipay, WeChat, or Bank of China accounts, but there will be an annual limit. The OCBC 360 account is very convenient for withdrawals in the domestic market and is not subject to the $50,000 limit.
The second method is to use the Kraken exchange to withdraw USDT to iFAST's UK bank. Kraken also has a legal license, which is another legal avenue. However, you will also need to pay fees and face exchange rate losses.
It should be particularly noted that while these methods are legal, it is best to consult a professional legal advisor before proceeding to ensure that every step complies with regulations.
Overall, the most important thing is that you can make money!
If nothing unexpected happens, Trump will take office on time next month. The following cryptocurrency brothers, hold on tight, and those who haven't boarded might want to consider getting on board now💵
1. DOGE (Dogecoin) Current price: $0.43. Due to Musk's continued support and Dogecoin's strong liquidity, it is expected to further rise after Trump takes office, potentially experiencing explosive growth.
2. PNUT (Squirrel Coin) It surged 400% during Trump's election period, currently priced at $1.24, making it suitable for positioning. With Trump's inauguration, a second wave of increases may come, and averaging down could be a good strategy.
3. PEPE (PEPE Coin) Besides being a popular meme coin, PEPE has huge potential on DeFi and NFT platforms and is expected to build its own ecosystem in the future. Although it may not be the best time to accumulate now, if the timing is right, it could achieve a tenfold appreciation.
4. XRP (Ripple) Ripple received donation support during Trump's election period, and its price rose to $2.9 after the election, setting a three-year high. If Trump promotes XRP as a means of crypto payment, its price could increase significantly.
No wonder people say Trump is amazing! He truly is the guiding deity of the crypto world, whatever coin he gets involved with skyrockets! Indeed, the crypto world is all about celebrity influence; 1 million dollars can make a token's value increase by 30%-50%! Trump said, making money is too slow, I'm going to the crypto world to grab some cash! The whales are directly being fried back and forth in the frying pan; anyway, I've entered, whether you pull or not is the end of the story!!!
It is inevitable that ETH will break $10,000 in the next two years. As long as BlackRock wants to, they can drain the liquidity of ETH in the market. They have the strength to do this. It's just a matter of whether they want to or not. But how many people in the crypto world can truly accept becoming rich slowly? Frequent opening of positions, frequent increasing and decreasing leverage, in the end, the money in the account has nothing to do with the bull or bear market. Human nature.
Things are getting more and more interesting 😋 2100: Damn the foundation is still delivering 2500: The failures of Ether are all those eunuchs 2800: ZK and L2 are the pubic hair of VCs 3000: Solana makes a strong comeback, while ETH is still... 3300: The living V God is the biggest bearish signal 3500: Bottom rebound, the advantage is in SOL 3600: Ethereum 3.0 is here! 3700: ETH is a civilization-level innovation! 3800: The golden age of SOL is over, ETH is holding up the pillars 4000: Bitcoin is digital gold, Ethereum is digital silver 4500: Ethereum is a human-level palace! 4800: ZK and L2 are the wisdom of humanity 5000: New highs are not a dream, Brother V takes me to the universe! 5500: In the future, 1 ETH = 1 villa 6000: No ETH, not a crypto person 8000: Master V is always right 10000: No ETH means no future
In 2017, the peak of the bull market was BTC20,000, ETH1440
In 2021, the peak of the bull market was BTC69,000, ETH4800
BTC is currently up about 40% from the previous high point, and the price of ETH to catch up with this increase is 7,000. It's time to open up your mindset. Where does the pressure point of ETH come from? They are just cheap chips.
The recent market is really heart-pounding. Bitcoin rushed to nearly $100,000 in one breath, just one step away, but suddenly retreated by more than $8,000, and a wave of bearish voices followed. Yes, the market's "bear crow" has started to sing again. But look again, it took only a few days for Bitcoin to rise back to over $95,000. Friends, behind this is actually a "hundred-thousand-dollar drama" that is bound to happen, but both inside and outside the drama, we who hoard cakes need to keep a calm mind. Why is under $100,000 a thing of the past? The scarcity of pie is the foundation
ETH reveals the strange 1. From the perspective of natural ecological niches, the first and second places will account for over 80% of the market share. However, Bitcoin is currently far ahead of Ethereum. Large funds are flowing into BTC, not into Ethereum. Bitcoin breaks its previous high, SOL is about to break its previous high, and Ethereum is far from its previous high. Is this phenomenon normal? Personally, I think it’s abnormal. I believe Bitcoin is normal, but Ethereum is abnormal, and the abnormality of Ethereum is artificially suppressed in the market with so much criticism, neither falling nor rising. 2. Bitcoin has ETF, ETH also has, SOL also has. Assuming you are an institution, Bitcoin institutions started building positions around 40,000. Would new funds be willing to take 100,000 BTC? Institutions charge management fees, gold standard/coin standard Ethereum will capture the overflow from BTC funds. Do you still remember the crazy friction of Bitcoin around 40,000 in the last round? Ethereum’s major players were building positions, not wanting to raise holding costs, so they were hesitating and absorbing the selling pressure. #Blockchain #web3 #Bitcoin
1. Hoarding is a long-term thing, which has nothing to do with the bull or bear market. There is no such thing as hoarding in a bear market and selling in a bull market. Hoarding is hodl, and it is not hoarding after selling. There is only one result of trying to make waves: you can't hold it. 2. It is never too late to hoard, because the printing press is always the ally of the cake. Of course, the later you find this, the lower your upper limit is. This is what is called, when a person really decides to hoard cake, he can hoard it to the maximum level. 3. The voice of "the cake will not rise much more" is the mainstream at any time. This has been the case for more than ten years, and the result of these voices is still: you can't hold it. 4. People who can't hold cake are either Muggles or losers in the eyes of hodlers.
A 50% interest rate cut didn't make the market soar, doesn't it mean that the market has begun to digest the funds?
There are only two types of interest rate cuts in the United States. One is to proactively cut interest rates to prevent future crises; the other is to be forced to cut interest rates when the economy is in a downturn. Obviously, this interest rate cut belongs to the second type, and the economy is in recession.
It is said that after the interest rate cut, capital should be given some time to react and wait for funds to flow into the crypto market. Can't those capitalists predict that the interest rate cut will happen and will not exit in advance?
Since this can't pull the market, then let it fall, short, rebound short!
I placed a short order at 65,100 last night, but I didn't expect it to go up. I went short at 63,000 and saw 59,900
In the morning, I placed an order at 61938 for short position, and set the stop profit at 400 points.
I thought that I would have time to stop profit manually, and a small profit is also a profit. When I opened my phone in the evening, it had risen to 63200.
Because it was 25 times the full position, the forced liquidation price was 64330, and the highest price of $BTC had risen to more than 63400. There was not much room to carry it down. There was no way to do anything else. Either stop loss or wait for the position to explode.
I chose to stop loss, and it was not that I had not thought about it falling, but the bulls were still relatively strong at present, so I didn't dare to gamble.
I listened to the advice of others and had a full meal. I was ready to listen to the opinions of the big guys and place a short order at 64930-65100😰
Every day in the cryptocurrency world, some people return to zero, and some people are free.
Is it the loss that is terrible, or the desire that is infinitely growing?
Cryptocurrency is just like gambling. Some people have said that Bitcoin has increased more than 2 million times since its birth. Is it terrible?
Like most people, I sneered at Bitcoin when I knew about it. However, if I had bought a little bit at that time, I would have tens of millions or even hundreds of millions of assets now. You say, who wouldn't want to make a small profit with such a big profit?
Money is very important. It is difficult to move forward without money, but you can make money again if you lose it, as long as you are alive! But if a person has a monthly salary of 5,000 and suddenly enjoys a daily income of 10,000 one day, how can he accept a monthly income of 5,000?
It is easy to go from frugality to luxury, but it is difficult to go from luxury to frugality!
DOGE rises! Whales swept $800 million in 24 hours, DOGE bull market may be imminent! Dogecoin has become popular again recently, and whales are optimistic about it. The trading volume in 24 hours has soared to $812 million, many times more than the previous day! They want to push up the price of Dogecoin, but they have not succeeded in the past few months. Specifically, these big players have traded a total of 8.1 billion Dogecoins, which is an astonishing number and growing very fast. Each of their transactions averages several million coins, and the amount is huge. Such large-scale transactions are often a signal that the market is going to be hot. #狗狗币大涨 #狗狗币崛起
Musk, who has 170 million fans, directly attacked Taylor Swift, who has 280 million fans. Taylor Swift announced her support for Harris, saying that she is a woman with a cat and no children. Musk responded: OK, I will give Taylor a child and protect your cat. The world's richest man and the world's female star are fighting. #霉霉宣布支持哈里斯 #美国大选如何影响加密产业?
Come on, Ethereum, if it drops another $700, you will be back to the starting point. If Ethereum returns to below $1,500, the Bitcoin premium will be a bit high. It is not an exaggeration to say that it will return to more than $30,000.