With a small principal, if you want to earn your first million in the cryptocurrency world, you can only use this method!!! If you have enough capital, then earning a million is not difficult at all. If the capital is really too small, the only thing I can help you with is contract rolling. Usually, if a popular cryptocurrency increases by 30% in a day, and you only have a small amount of $50 to $100, you can choose to go long with 20x leverage when the price is low and continuously roll the profits.
(Using profits to buy again). If the daily increase really reaches 30%, then your earnings could be between $5,000 and $10,000. For example, recently strong-performing cryptocurrencies like turbo, not, and people are very suitable for rolling positions. However, the risk of 20x leverage is high, and even a slight market correction can lead to losses. Therefore, using 10x leverage might be a better choice; although the expected return will decrease, the fault tolerance will significantly increase. Once rolling positions are successful, even if mistakes occur later, your losses will be limited.
are limited to the initial $50. If you have a certain market perception or skills, and you are lucky, then even with just $50, you might successfully double your investment. Conversely, if you lack luck and skills, even with $500 million, you could lose it all. Therefore, even when starting from trial and error, you should only invest $50 rather than blindly pouring in a large amount of money.