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Event ends: August 9, 16:00 UTC
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Practical tips for doubling small funds: Step-by-step strategy to turn 10,000 into 100,000:
Many people believe that trading cryptocurrencies relies on "insider information" or "precise predictions," but in fact, ordinary people can make money just by following simple discipline. The "Five-Step Gradual Method" that I have summarized is suitable for all players with limited capital:
1. Split the funds into 5 parts, dividing 10,000 into 5 parts of 2,000 each, using only one part at a time, and never touch the remaining money - this is to avoid the impulse of "going all in."
2. Use 2000 blocks to test the water.
Choose a cryptocurrency you are optimistic about and first buy $2000 worth of spot. Remember, beginners should never touch leverage; the volatility of spot trading is already enough to double small investments.
3. Buy more after a 10% drop. If the price drops 10% after buying, add another 2000. At this point, your cost has decreased by 5%, and you only need a 5% rebound to break even, which will significantly reduce your psychological pressure.
4. If it rises by 10%, sell half to take profit. No matter how much it rises afterwards, sell half to lock in profits. For example, if it rises from 2000 to 2200, sell 1000, and even if the remaining 1000 drops back, you still made a profit of at least 100.
5. Cycle operations to let profits roll in. Use the money from taking profits to find new coins and repeat the previous steps. Using this method with 10,000, it's not difficult to multiply it by 5-10 times in a year; the key is not to be greedy, be satisfied with a 10% profit each time.