How to turn a small investment of 10,000 into 100,000, then 100,000 into 1,000,000..
The power of compounding, 2*10 for example equals 1024. In other words, 20,000, doubling each time for ten times becomes 10,000,000. In reality, no one can keep going long that many times.
In the crypto world, making a large amount from a small investment actually means getting a few waves right, 1-2, 2-4, 4-8; basically getting three times right quickly leads to nearly 10 times, 8-16, 16-32-64, and you're close to a million.Altcoins can make money. But it's basically a gamble. Compounding is not possible; mainstream coins like Bitcoin can compound, but you shouldn't use such high leverage. If you use 10-20 times leverage, your margin for error is very low, and the probability of being right three times in a row is quite poor, plus if you are wrong, you can easily lose everything! Using 3-5 times leverage on mainstream coins allows for full investment, higher safety, and easier stop-loss.
In the crypto world, making a large amount from a small investment actually means getting a few waves right, 1-2, 2-4, 4-8; basically getting three times right quickly leads to nearly 10 times, 8-16, 16-32-64, and you're close to a million.Altcoins can make money. But it's basically a gamble. Compounding is not possible; mainstream coins like Bitcoin can compound, but you shouldn't use such high leverage. If you use 10-20 times leverage, your margin for error is very low, and the probability of being right three times in a row is quite poor, plus if you are wrong, you can easily lose everything! Using 3-5 times leverage on mainstream coins allows for full investment, higher safety, and easier stop-loss.
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