From 50,000 to 30,000,000 in the crypto world, remember the following points for your turnaround!
1. Divide your available funds into five equal parts; for example, if you have $10,000, split it into five parts, using $2,000 for each trade.
2. Use one part of the funds to buy a cryptocurrency at the current price.
3. If the coin price drops by 10%, buy another part.
4. When the coin price rises by 10%, sell one part.
5. Repeat the above steps until all funds are used up or all coins are sold.
With this strategy, once you buy, there’s no need to worry even if the coin price drops, because we will continue to buy when the price falls.
In fact, if all five parts of funds are used up, the coin price has likely dropped by nearly 50%. Unless a major market crash occurs, the coin price will not drop that quickly. From a profit perspective, each time you sell, the funds can bring 10% profit.
Taking a total fund of $100,000 as an example, if you use $20,000 each time, you will earn $2,000 in profit for each sale.
However, this strategy also has certain issues. A 10% volatility range is relatively large, which may make trading not very easy to execute, thus requiring a longer waiting time. This can affect the efficiency of fund utilization, as funds may remain idle for a long time or be constantly occupied by specific coins.
Nonetheless, this issue can be resolved by narrowing the volatility range. For instance, you can choose to buy more stable cryptocurrencies and invest in Binance wealth management products when funds are idle. This way, you can earn additional profits while waiting for price changes.
