Do you have 5,000 yuan and want to make 100,000 yuan in the world of cryptocurrency trading? It sounds tempting, but we have to analyze rationally and see which ways are more reliable.
Buy spot Bitcoin?
Well, 5,000 yuan to buy Bitcoin is only enough to buy a fraction, about 0.01. According to the current increase, even if the bull market comes, it will only double to about 10,000 yuan, which is still far from 100,000.
Invest in large-cap altcoins?
Although the large-cap altcoins are large in size, there is still hope that they can double 10 times in the bull market, and a few can even rush more than 20 times. Investing 5,000 yuan in it and making 50,000 or 100,000 yuan is not a dream. However, this depends on luck and cognition, both of which are indispensable. Luck depends on the sky, and cognition depends on yourself.
Playing contracts?
Come on, playing contracts is like walking on a tightrope, and you will fall down if you are not careful. 5,000 yuan in, there may be only a fraction left in 3 months. Contracts, like commodity futures, are very risky. I have been doing futures for more than ten years, and I am only now barely making a stable profit. If you want to make 100,000 from 5,000, it will take a long time according to my system. There are very few people who can make long-term profits in contracts. Do you think you are the chosen one?
Bet on Meme coins?
Meme coins rely on consensus. How do you get consensus? Rely on community building and cultural communication. You have to understand culture, be able to identify, and personally build a community and spread culture. Just like Zhu Yuanzhang, everyone knows him, but the fifth emperor of the Ming Dynasty? Who remembers him? People only remember the representatives of innovation, which is the power of cultural innovation. The same is true for Meme coins. Without culture and community, 90% of them will return to zero. But if you bet right, Dogecoin and Shitcoin will increase by hundreds or thousands of times, and 5,000 yuan will become 100,000, or even 1 million or 10 million. Recently, Musk's dog Marvin (7055) has become popular in the primary market. Invest $100 in it, and maybe your dream will come true. November 1 is the dog's birthday. In the past, it was celebrated on Twitter, and this time there may be new tricks.
In short, the road of cryptocurrency speculation has both risks and opportunities. You have to make rational choices based on your own situation and don't be blinded by temporary greed.
