I categorize the levels in the cryptocurrency world into these four levels: (2)
A 100x goal can be achieved in 2 or 3 stages, as long as you complete 2 stages of 10x each, or one stage of 5x and another stage of 5x, and then one stage of 4x. This can all lead to a 100x path. The time required is 2 or 3 cycles. This is the true progression from easy to difficult.
Many people overlook the power of time, overestimating their abilities, thus missing out on great opportunities. They miss the chance for 100x.
Now many people know that Bitcoin can rise, possibly to 1 million, maybe to 10 million, or even 100 million. Indeed, there are people who believe in all of this.
However, there is an unresolvable contradiction here; reaching these prices requires a large amount of time.
And the time people enjoy money is extremely limited, with the best years being between 18 and 50.
So after the age of 50, having a lot of money no longer holds much significance for pure enjoyment; it just means living without pressure.
This is the reason they are anxious to make money. This is also the root cause of why the miracle of compound interest is consistently hard to achieve.
So you wouldn’t envy Warren Buffett, who is over 90 and has hundreds of billions. But you would definitely envy a 20-year-old who has tens of millions.
So if you were in that position, how would you choose?
My suggestion is to try to choose methods that progress from simple to difficult. Start by accumulating coins, think of every possible way to increase your holdings, accumulate enough coins, and sell during a bull market. In a bull market, look for other hot concepts, jump on a bit, and earn a little more.
This is something you can actually control and grasp.
As for the path of trading, it lies in the heart; people's desires are generally similar, while the market is ever-changing. To seize the market’s changes based on human desires and make profits is truly difficult.
If you are really determined to undertake this challenging task, you should still start with simple things first. There is no mistake in this.
By doing simple things, if you achieve good results in the end, you may end up abandoning this difficult task. You might end up happily repeating simple tasks. That moment indicates your enlightenment.
If you are currently losing and don’t know what to do, you can click to follow me, tap my avatar to find me anytime, as I share all contract and spot trading strategies. Just to gain followers.