How can an ordinary person in the crypto world challenge 1 million with 3000?
In the crypto world, 3000 is about 400 USD! Recommended optimal strategy: Use 100 USD for each contract, gamble on hot coins, and set a take-profit and stop-loss at 100 to 200, 200 to 400, and 400 to 800. Remember, no more than three times! Because the crypto world requires some luck, each time you go all in like this, it’s easy to win 9 times and lose once! If you clear three rounds with 100, then your principal will rise to 1100 USD! At this point, it’s time to settle down.
In-depth research: Spend time studying and understanding the cryptocurrency market, focusing on the fundamentals, technology, team, and market trends of projects. Understand the risks and potentials of different projects.
Diversified investment: Spread your funds across multiple promising cryptocurrency projects to reduce the risk of individual investments. Choose projects with long-term growth potential and good fundamentals.
Long-term holding: Consider adopting a long-term investment strategy, holding tokens of quality projects, and believing in their long-term appreciation potential. The cryptocurrency market is highly volatile and requires patience and a long-term perspective.
Active trading: Actively participate in trading and capture market fluctuations. Understand technical analysis tools and indicators, learn trading strategies, but be cautious of market risks and volatility.
Continuous learning and adaptation: The cryptocurrency market changes rapidly, so keep learning about the industry and market, and adjust investment strategies flexibly according to market conditions.
Risk management: Ensure that appropriate risk management strategies are in place, including setting take-profit and stop-loss levels, reasonably controlling position sizes, and maintaining sufficient cash flow.
At this time, it is advisable to use a triple strategy to play two types of trades in one day: ultra-short trades and strategic trades. If opportunities arise, then go for trend trades; ultra-short trades are for quick strikes, targeting 15-minute levels.
Advantages: High returns
Disadvantages: High risk; only do major trades like Bitcoin and Ethereum for the second type of trade, which is the strategic trade, using small positions like 10 to 15 USD for contracts around the 4-hour level and saving the profits for weekly investments in Bitcoin. The third type, trend trades, are for medium to long-term trading; enter directly when you see the right opportunity.
Recently, while observing the primary market in the crypto world, I feel that the Elon Musk dog on the Ethereum chain, puppies, has a lot of potential and may have a chance to become the next Shiba Inu; it’s worth keeping an eye on.
