[How to Earn Your First 1 Million with Small Capital]
First, you need to have startup capital 💰, around 30,000 to 50,000. If you don’t have this amount, the only way is to work and save money. This money must not be debt; this is very important.
Regarding how to save this money 💰, you must be strict with yourself. For example, if you have a salary of 10,000, you should aim to only spend 2,000 a month. Spend 1,000 on food, 1,000 on accommodation, and force yourself to save 8,000. Avoid socializing, takeout, dating, and traveling. This way, in three to five months, you can save 50,000 as startup capital.
After having this capital, wait for an opportunity, a rolling position opportunity. This opportunity does not come from technical indicators, but from market sentiment. You will definitely feel the widespread wailing in the cryptocurrency market during special days like 94, 312, and 519, which are days of reckoning in the cryptocurrency world.
Such days happen almost every year, and the market is full of bloody chips. This is the time for you to enter the market, go long on Bitcoin 📈, and then open a 5x position to roll over. At this time, there is basically no supply, so it's essentially mindlessly going long 📈.
At this time, if you enter the market, you must hold your position. If there is a profit, use the profit to increase your position, but ensure that the leverage is 5 times. The more profit you have, the larger your position will become, but the leverage will always be 5 times to control risk.
This time, a rolling position can likely yield a return of 3-5 times (if lucky, it could be more than 10 times), and your capital will grow to 100,000-200,000. At this point, you should withdraw your capital and continue playing with the profit. As long as you seize 2-3 such opportunities, you can accumulate your capital to 1 million.
For most people, this is the most feasible way to earn 1 million in the cryptocurrency market. Although it may not be the fastest, it is definitely the most stable; slow is fast.
Wishing everyone to earn their first 1 million as soon as possible.
