How did those in the cryptocurrency circle turn 10,000 into one million? 10,000 is recommended for rolling positions; before doing so, first understand what rolling positions are. For example, if you only have 10,000, how to start with 10,000? First, this 10,000 must be your profit; if you are still losing, then don't look further. $WET
1. If you start with a capital of 10,000 in Bitcoin, leverage + set at 10 times, using the isolated margin mode, only open 10% of the position, which is only using 5,000 as margin. This is actually equal to 1 times leverage, with a 2% stop loss. If you hit the stop loss, you only lose 2%, only 2%? That's 1,000.
How do those who get liquidated actually get liquidated? Even if you get liquidated, okay, don't you just lose 5K? How can you lose everything? If you're right, and Bitcoin rises to 11,000, you continue to open 10% of the total funds, and similarly set a 2% stop loss. If you hit the stop loss, you still make 8%. What about the risk? Isn’t it said that the risk is very high?
2. Rolling positions sound scary, but in different terms, adding to your position with floating profits sounds much better. Adding to your position with floating profits is just a common method in futures trading. You do not need to maintain 5-10 times leverage; you only need two to three times. The goal is to maintain the total position at two to three times with floating profits, which makes playing with Bitcoin relatively safe.
You must have enough patience; time is your friend. The profits from rolling positions are huge; as long as you can successfully roll a few times, you can at least earn tens of millions or even hundreds of millions. Therefore, you cannot roll lightly; you need to find high-certainty opportunities. High-certainty opportunities refer to situations where, after a sharp drop, there is sideways consolidation with multiple tests of the bottom, followed by a breakout upwards. At this point, the probability of trending is very high.
3. To earn 1 million, you only need to invest 50,000, and this 50,000 can also be done with no risk. You can first invest 100,000, wait for an opportunity when the cryptocurrency market kills retail investors, and then buy spot to earn 100,000 in profit. Then use 50,000 of the 100,000 profit to speculate. To make big money, you must take risks. When good opportunities arise, roll over, using two to three times leverage a couple of times to roll out.