In the cryptocurrency world, I have probably earned around 50 million, with an initial capital of 50,000. I have never worked since graduating from university. I have been traveling everywhere, and I don't have to worry about hotel prices when I go out. I can tell you from personal experience:
In the cryptocurrency world, if you want to find a way to first earn 1 million in capital, and to turn several thousand into 1 million in capital, there is only one way, which is contract rolling.
A few points to note about rolling:
1. Sufficient patience; the profits from rolling are huge, as long as you can successfully roll a few times, you can at least earn hundreds of millions, so you shouldn't roll easily; look for opportunities with high certainty.
2. Opportunities with high certainty refer to a sharp drop followed by sideways consolidation, and then a breakout upwards. At this time, the probability of following the trend is very high, find the point of trend reversal, and get in from the start.
3. Only roll long;
Risks of rolling.
Let's talk about rolling strategies; many people think this is risky. I can tell you that risk is proportional to reward.
Let's talk about rolling strategies; many people think this is risky. I can tell you that the risk is very low, much lower than the logic of futures trading you are playing.
If you only have 50,000, how to start with 50,000? Firstly, this 50,000 should be your profit; if you are still losing, then don't look.
If you open a position when Bitcoin is at 10,000, with leverage set to 10 times, using isolated margin mode, only opening 10% of your position, which is only 5,000 as margin, this is equivalent to 1x leverage, with a 2% stop loss. If you stop loss, you only lose 2%, only 2%? 1,000. How do those who get liquidated actually get liquidated? Even if you get liquidated, isn't it just a loss of 5,000? How can you lose everything?
If you are correct, and Bitcoin rises to 11,000, you continue to open 10% of your total capital, similarly setting a 2% stop loss; if you stop loss, you still make 8%. What about the risk? Didn't they say the risk is very high? And so on...
If Bitcoin rises to 15,000 and you successfully add to your position, in this wave of 50% market movement, you should be able to earn around 200,000. Grabbing two such market movements would give you around 1 million.
There is no such thing as compound interest +; 100 times is achieved through 2 times 10 times, 3 times 5 times, and 4 times 3 times, not through 10% or 20% compound interest every day or every month; that's nonsense.