Let me share with you an executable plan. If you can stick to it, it is possible to make 1 million.
1. Increase the principal
First, find a part-time or temporary job, such as moving bricks, and work for two months to increase the principal to about 10,000. This step is to increase your starting capital.
2. Choose the right currency
Buy coins when Bitcoin is above MA20 (20-week moving average) on a weekly basis, and choose two or three new coins with potential, especially hot coins in a bear market. For example, coins like APT that did not rise sharply during the bear market but have potential are likely to rise rapidly once the price of Bitcoin recovers slightly. Choose new coins that have popularity and stories to tell, and don't choose ETH or BTC, because their gains make it difficult to achieve your goals.
3. Stop Loss Strategy
When the price of Bitcoin falls below MA20, stop loss and sell immediately. Whether buying or waiting, continue to increase income through part-time jobs or other means, leaving yourself two or three chances of failure. If you have a deposit of 20,000 yuan, invest 10,000 yuan and you can fail three times.
4. Lock in profits
If you buy a coin like APT, sell it when its price rises 4-5 times. Keep executing this strategy, remember that you have a small fund, so you must choose new coins, and don't buy mainstream coins with smaller increases.
5. Patience and Strategy
In the cycle from bear market to bull market, three successful 5x trades can achieve a return of about 125x. This cycle can be as short as one year or as long as three years. You have three chances to fail. If you fail all three times, it means that you do not have the ability to make money in the cryptocurrency world for the time being. At this time, you should stay away from the cryptocurrency world and focus on work and personal development. When you are around 30 years old, if you encounter a bear market again, you can try again. If you still don’t succeed, then concentrate on work and stay away from the cryptocurrency world.
important hint
The most important thing is to be patient. If you don't have patience, you will easily lose your composure. Exit as soon as possible and don't get involved in contract trading. Remember to enter the market when it's time to enter, stop loss when it's time to stop loss, and stay patient. The secrets have been given to you, and whether you can succeed in the cryptocurrency circle depends on your execution.
If you don't want to go through such a long cycle and want to see profits in a short period of time, I am planning to ambush a spot in the near future, and I expect an increase of 40-60. If you are interested, you can follow me.