Can you make 1000% profit from cryptocurrency?
After looking into the world of cryptocurrency trading , you must have come across a lot of material that shows that it is possible to make gains of 1000% or more overnight, and while it is definitely not common to actually make it in 24 hours, there is a straightforward method. . - sort of - to reach that percentage of profit in just a few hours a day, below we explain in detail how to do it.
Earnings take time when trading cryptocurrencies
The first basic principle to know when trading cryptocurrencies is the time factor, as many people think that trading is a game with two possibilities; Either you get rich overnight, or you lose everything, but this is not the case, most traders can get high profits accumulated over a long period of time, i.e. months or even years.
Therefore, beginners should not expect to earn 1000% in a month, because this will be a very rare possibility, although it is theoretically possible, as long as some principles, steps and goals are followed, the method is as follows.
How to make 1000% profit when trading cryptocurrency?
access secret 1000% profit when Cryptocurrency trading is the way a trader deals with this imaginary number, keep in mind that this annual profit (1000%) is only about 3% per day, not taking into account the compounding calculations; 3% profit per day for just one year 1000 dollars means that your account of $ 1000 will turn into a profit of approx 11,000 dollars , or 1100% of the profit , and if you decide to reinvest the profit , this value can grow exponentially to truly astronomical numbers.
In fact, reaching 3% profit per day for a year is harder than you think, because most novice investors find themselves unable to reach the end, so we recommend that you start with a modest but decent goal, so that you can achieve it every day.
1000% vs 100%: What is the most realistic profit? Why?
Let's look at the comparison 1000% and 100% profit profit in one year. Small winnings may be more realistic for novice traders . For starters , it is obviously much easier to make 100% profit than 1000% profit . This only requires an increase in the trading index at a rate of about 0.3% per day. This amount can be successfully achieved through cryptocurrency trading , and most investors can easily achieve it as long as they spend 1 hour at a time. .
For those who think 100% winning is nothing special; We recommend that they follow and analyze the performance of one of the S&P 500 ETFs , one of the most popular investments in the world with an average annual return of about 8%, now you still believe 100% Simple profit ?
In short, 1000% gains may be realistic when trading cryptocurrencies , but the key to success is the time it takes to actually make a profit , so forget about astronomical profits overnight, give yourself some time before trading , go ahead and make a move. Over time , you will eventually find that what you thought was an unattainable goal will become an inevitable reality in the near future.