Suppose you have 1 million in capital in the crypto world; even if you don’t use leverage and by simply holding on the spot, you can make another million, and it is a great income for any person. If you don’t have it, then you have to use some tricks and apply logic to make big money. Before moving on, you should learn to always trade in the rising trend. This strategy only works in the rising trend; if you are not able to validate the trend, this strategy never yields the 1 million in profit.
Suppose you will open a position when Bitcoin is at $10,000. Now set the leverage 10 times. You will also make sure to only open 10% of the position, and only takes $5,000 as a margin. This trade configuration is equivalent to 1x leverage. Now set your stop loss to 2 points, which means when the Bitcoin falls, you only lose 2%, which is equivalent to $1,000.
If the Bitcoin meets your expectation and rises to $11,000, then you should take out 10% of total funds and open a new position with a 2% stop loss. If the Bitcoin falls, you will make 8%. If the Bitcoin rises again, you will make more money.
The real reason to make a million is to meet the Bitcoin price movement, which is constantly increasing its price level. So in our strategy, if the Bitcoin rises again and reaches $15,000, and you are constantly adding positions, you’re accumulating the 50% price increase. If you have found this market condition two times in a year, you are accumulating 1 million.
To make a million in the crypto world, the true logic is to yield twice, 10 times, or more if you are dependent on the stable 10% or 20% compound interest; it is like your salary, not the million-dollar returns.
Finally, 2x or 3x leverage is enough to make a decent income daily, but 10x is used for high returns. If you can catch the best market conditions, you can increase your profit to 100 times. However, it is the general idea to make a million in the crypto world if you think that this strategy is better than use with your own risk.
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