Many fans ask: Can you make 1 million from 10,000 in the cryptocurrency world?

The answer is: You definitely cannot!

You must have heard stories of people who have made money, but that is a survivor bias, leading you to mistakenly believe that you can achieve the same through your own hard work and learning, which is actually extremely difficult. Just like you hear about those legendary figures who have risen from poor rural backgrounds and achieved success in business on their own.

There will certainly be some, but it won't be you.

Do you know that turning 1 into 100 is 100 times? What a concept! In any investment market in the world, doubling your profit is a remarkable feat. In the cryptocurrency world, turning 1 into 2 is achievable with good luck, it’s not unusual, but turning 2 into 10 is very difficult, requiring you not to make a single mistake; just one misstep and you lose everything. To turn 10 into 100, unless you are a genius trader or your ancestors are blessing you, and the coins you bought skyrocket overnight, it’s unlikely, as you will definitely take profits along the way.

First, ask yourself, are you that person?

Definitely not, otherwise you would not be trading with only 10,000. Exceptional people excel at everything they do, but if you’re trading with 10,000, it shows you don’t have much savings and are at the bottom of society. With your current knowledge, not only will you not make 1 million, but there's a high probability you will end up with only 1,000!

So in the cryptocurrency world, how can you turn 10,000 into 1 million?

What does the signal look like?

First, it’s a long-term sideways movement after a sharp decline, suddenly breaking upwards with significant volume; a trend reversal is considered stable.

Second, the daily line stands above the key moving average, with both volume and price rising, and the market sentiment clearly warming.

Third, when there's no movement on hot searches and retail investors are still complaining, the big players have quietly started accumulating.

How specifically to operate?

Taking 50,000 as an example:

First, this 50,000 must be from previous profits; stop-loss to recover first, then talk about rolling the position.

Use a gradual position model, with a maximum total position of 10%, leverage not exceeding 10 times, which actually calculates to a leverage of 1 time, with a stop-loss set at 2% for safety.

After the breakout, wait for the price to rise 10% before adding to the position, taking 10% of the new profit to open a position, while keeping the stop-loss at 2%.

Throughout the process, never go all in, never average down, never hold onto a losing position. When it hits the stop-loss point, shut down and preserve your bullets for the next opportunity.

A wave of 50% in the main upward trend could compound to reach 200,000; capturing two rounds is enough for 1 million. In fact, as long as you roll it over 3 to 4 times in your lifetime, turning 50,000 into 1 million and then into 10 million, you can retire.