To achieve financial freedom in this circle, two conditions need to be met.


First is your original principal, and second is how much money means financial freedom to you.
If your principal is 10,000 to 30,000, then during a bull market, you could earn 5 times that amount, and if you're lucky, even 10 times. So after one cycle, if you're very fortunate, you might make 500,000, but you could also end up with just 50,000. In short, you need two rounds of bull markets to possibly achieve financial freedom.
If your principal is 200,000 to 300,000. The same reasoning applies, if luck is not on your side, it could be 1,000,000 after one round, and if luck is good, it could be 5,000,000.
Most people need to reach this level to achieve financial freedom.
According to the average person's perspective, achieving financial freedom seems quite difficult.
If the principal is small, at least two bull markets are needed to achieve it; if the principal is larger, one round may be enough.
Of course, there are also skilled traders who can make money regardless of bull or bear markets, profiting from the volatility.
There is a trading system of its own, steadily and gradually built up.
Wealth freedom is not that simple; it needs to be considered from three unique aspects: personal ability, time, and capital.
If personal abilities and capital are insufficient, then one can only extend the time.
If there is not enough time, then we can only rely on capital and ability to achieve it.
Achieving financial freedom is difficult in any industry; it's just that the cryptocurrency sector offers more opportunities and greater volatility.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
0/400
SailorSambavip
· 08-11 03:07
Hold on tight, we are about to To da moon 🛫
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)