$POWER How to turn 5000U into 100,000 with a steady and solid strategy?
Everyone might ask, is such a goal achievable?
The answer is: yes, but the prerequisite is that you need to understand one thing: take away the 'quick' from quickly making 100,000.
In the cryptocurrency world, wanting to turn 5000 into 100,000 sounds enticing, but you must know that this is not something that can be achieved overnight.
You may need 3 bull and bear cycles, each lasting about 4 years, totaling 12 years. You need to stick to a clear methodology, step by step, to achieve such a goal.
First, ask yourself, can you do it?
When you have confirmed within yourself that you can, and you genuinely want to turn 5000 into 100K, and can persist for over 10 years with a clear and logical methodology.
You only purchase $BTC and ETH, building positions in a bear market. If you don’t know how to build positions, then you just do passive DCA in a bear market, can you understand that?
Then hold until the bull market peak. How to identify the bull market peak?
I will tell you the simplest method: it's the 120-day moving average.
If it falls below the 120-day moving average, it can be seen as a transition from bull to bear, and combine it with time judgment. For example, in this bull and bear cycle, the expected peak is in 2025.
After one cycle, your assets should have a return of 2-3 times. If you persist through 3 cycles, your assets would yield a return of 20 times.
The most difficult part of this methodology is actually the unwavering persistence, the focused persistence. No indecision, no discouragement.
It’s quite challenging, to say the least.
In any case, for all methodologies, the hardest part of achieving success is persistence, but the success rate is quite high.
There is also another option: contracts.
Of course, if you are not willing to wait 12 years and want to achieve wealth growth in a shorter period through a faster method, then contract trading is an option.
However, if you are a beginner, I do not recommend jumping straight into contract trading.
This is not only a process of paying tuition but also, without familiarity with the market, the risks will be greater.
But if you have experience or can follow experienced people, contracts can achieve relatively higher returns in a shorter time.
Whether you choose spot investment or contract trading, the key to success is: patiently execute, control emotions, and persist in the methodology.
If you are still wandering in the cryptocurrency world, why not follow me and take a look? I will pass this lamp to you!
