How do people make money trading cryptocurrencies?
The survival rule of the 21st century is not to work in factories, nor to be white-collar workers, and definitely not to enter the system.
Many people have made fortunes by trading cryptocurrencies.
There are people around me who bought Dogecoin for 30,000, and when its market value peaked at 10 million, they cashed out when it dropped to 5 million, which can be considered making money.
I also trade contracts, using tens of thousands of dollars.
I multiplied it by dozens of times, which can also be seen as making money.
From August 2023 until now, I've made nearly 800, does that count as making money?
Do you enjoy hearing these stories?
But I have to tell you, aside from a few people making money, most people are losing. After losing money, they regret it, and those who trade contracts blame themselves for not being able to control their hands, not stopping losses, and always being greedy.
Those who trade spot will regret why they trusted others and bought those worthless coins, becoming bag holders.
The cryptocurrency market is the same as other capital markets; here's my advice: first try with 5,000 to 10,000 yuan, a small amount to test the waters. Once you lose that money, you can consider it your initial entry.
Then learn more, understand what information will affect the cryptocurrency market, what project parties are, what addresses are, what blockchain is, what points of speculation exist for this coin, and how capable the team is in controlling the market, etc.
All circles of making money are the same; without learning, you cannot make money at all. Those sudden wealth news you see are real, but they are also meant to attract new hands like you; lucky ones are everywhere.
Once you can avoid losing money, or even make small profits, wait for opportunities like a hunter, and when the opportunity arises, act decisively, and you will very likely get rich.
Keep it up, learning is essential in any field.
Friends who are currently confused and directionless in trading, leave a comment 1, this bull market will help you get on shore.
