In the cryptocurrency circle, you need to find a way to make 1 million first. If you only have tens of thousands or hundreds of thousands, it is really meaningless to trade every day. It is better to work properly. This means making 1 million by trading, not investing 1 million. Without sufficient knowledge, you will lose all if you invest 1 million.
Only when you have 1 million, your perspective on trading will be different, because once you have 1 million capital, even if you double your profit in a year, you will have 1 million profit. If you have a house in a first-tier city, you can make 1 million a year. For an ordinary person, you can never spend it all.
To make 1 million, you only need to invest 50,000, and this 50,000 can also be risk-free. You can invest 100,000 first, wait for an opportunity to kill retail investors in the B circle, you can buy spot and make 100,000 profit, and then use 50,000 of the 100,000 profit to gamble. If you want to make a lot of money, you must gamble. When a good opportunity comes, roll the position, and use two or three times leverage once or twice to roll it out.
If you lose 50,000 BTC and lose all your profit, you can invest another 50,000 BTC. When all your profit is lost, you can stop gambling and continue to make profits with 100,000 BTC.
It's easy to say, but it requires unimaginable patience. Only in this way can you avoid the risk of losing money in the bitcoin circle when there is a possibility of getting rich overnight. Don't believe in hoarding bitcoin. Hoarding bitcoin without sufficient off-market earning ability is just cheating retail investors. If someone hoards 100 bitcoins and you also hoard a few bitcoins, isn't it nonsense? The volatility of bitcoin has been greatly reduced. You must use leverage to get rich overnight. Those who hoarded bitcoin two years ago have just recovered their investment. Those who invest regularly will not get several times the return at the peak of the bull market.