Beginner's Guide to Cryptocurrency Trading: How to steadily move towards 100,000 yuan with 5,000 yuan?
Imagine that you have 5,000 yuan in your hand and want to make a living in the cryptocurrency circle. The goal is to double it quickly and reach a height of 100,000 yuan. This is not an unattainable dream, but it requires you to have strategy, patience, and a little luck.
Step 1: Don't be greedy, take your time
First of all, don't think about reaching the sky in one step. 5,000 to 100,000 sounds like a 20-fold increase, but in fact it takes time and strategy. Every month, the cryptocurrency circle will fluctuate, and this is your trading opportunity. Don't pursue too high leverage. The risk of more than 5 times is too great, and you may lose all your money.
Step 2: Learning first, supplemented by practice
When you first enter the cryptocurrency circle, the most important thing is to learn. Learn how to read the market, how to analyze the market, and how to choose the right time to trade. No one can steadily increase 20 times at the beginning, even with small funds.
Step 3: Pay attention to BTC and ETH
BTC and ETH are the two giants in the currency circle. Recently, BlackRock's Bitcoin ETF surpassed GBTC to become the world's largest ETF. And BlackRock is still applying for Ethereum ETF, which means that Ethereum's market position is also constantly improving.
Market news, don't miss it
In the currency circle, news is money. For example, the global BTC ETF's holdings hit a new high, with a value of more than 68 billion US dollars. There is also ether.fi to launch a new event, and Uniswap's transaction fees are also soaring. These may be good opportunities for you to trade.
Options market, learn about it
The options market is a battlefield for masters, but you can also learn about it. Ethereum's implied volatility continues to decline, but the market is still bullish on the inflow of funds to the Ethereum ETF. Bitcoin's expectations are not as good as Ethereum, so when choosing a trading product, you must consider carefully.
The global macro situation also needs to be considered
Although the currency circle is an independent market, the global macro situation will still affect its trend. For example, although the three major US stock indexes fell last week, the monthly line still closed higher. This may affect the sentiment of investors and thus the trend of the cryptocurrency market.
Cryptocurrency trading is not an easy task, but as long as you have patience, strategy and luck, you may be able to move from 5,000 yuan to 100,000 yuan step by step.
