Turning $10 into $8,000 means achieving an 80,000% return. While a few cryptocurrencies have delivered gains like this in the past, it’s crucial to recognize the high level of risk involved.
Here are some broad guidelines to keep in mind:
Do your homework: Learn how the market works and understand the assets you’re considering ($BTC
.
Start small: Only invest what you’re prepared to lose.
Diversify: Don’t rely on a single asset—spread your exposure.
Stay updated: Follow market news, trends, and on-chain developments.
Common approaches include:
Long-term holding: Buying and holding through market cycles.
Swing trading: Capitalizing on short- to medium-term price moves.
Dollar-cost averaging (DCA): Investing a fixed amount at regular intervals.
Keep in mind that crypto investing is inherently volatile, and profits are never guaranteed. Always conduct your own research and consider professional financial advice before investing.
XRP: 1.8549 (-3.48%)
BTC: 86,123.59 (-1.56%)
ZECUSDT Perp: 374.23 (-7.13%)