The problem with many crypto investors is the unrealistic expectation of turning a small initial investment into a fortune. Seeing others earn significant profits, they believe that a $10 investment might grow into $1,000 or even $10,000. This mindset often attracts small players who lack substantial liquidity and frequently overextend themselves by using leverage. They think they’re only risking a small amount, but by taking on leverage, they expose themselves to greater risk. In a volatile market like crypto, these small players often find themselves scrambling for liquidity.
If you're considering investing in crypto, it's crucial to start with a reasonable amount and develop a solid strategy. Entering the market blindly or relying on random "signals" will not lead to sustainable success. While your initial trades might yield profits, consistently following poor strategies will eventually lead to losses. As the saying goes, the house always wins.
Instead of aiming for overnight success or massive returns, consider targeting steady growth—like 1% daily—with a realistic investment. Over time, this approach can yield significant results. On the other hand, expecting to double or quintuple your money quickly, especially with a small initial investment, is a losing game nine times out of ten. That’s why it’s often said that growing $10,000 to $100,000 in crypto is easier than turning $1,000 into $10,000.