The significant fluctuations in the cryptocurrency market currently provide ordinary people with opportunities to change their fate.
However, making money in the cryptocurrency market with small funds is not reliant on contracts, leverage, or short-term trading.
These actions will only lead to losing the little principal one has, and with a mindset of not wanting to lose, one may mobilize all resources, borrow money, take loans, and mortgage assets, transforming from being financially comfortable to being heavily in debt. This is the reality for most people in the cryptocurrency market.
To gradually grow small funds in the cryptocurrency market, one must use the correct methods and have a proper understanding of the industry and investments. The cryptocurrency market is not a place for easy money.
The best approach is to invest in valuable potential cryptocurrencies, take a long-term view, and use time compounding to achieve value returns. This can bring stability and relatively high multiplied returns, allowing one to turn 10,000 into 100,000, and 100,000 into 1,000,000.
The preliminary step is to understand whether you know this industry, whether you understand the financial market, whether you grasp the trends, and the fundamentals of the cryptocurrencies.
If you cannot understand these issues, it will be impossible to achieve profitability, regardless of whether you are trading short, medium, or long-term. One must learn; you cannot rely solely on others and be lazy about learning. This will only lead to endless pitfalls. Learning while investing alongside professionals can also help seize market opportunities, which is a good approach. This is what I have personally validated after entering the cryptocurrency market; it is the method with the lowest cost and the highest returns.