Journey to Your First Million Dollars in Crypto: Practical Experiences from Insiders

I am Nam – someone who has been immersed in the crypto market for many years, witnessing all kinds of scenes: some people change their lives after just one cycle, but many others lose their entire accounts with just a few clicks. Today, I’m not talking about the dream of quick wealth, but sharing the most practical path to reach the first million dollars – not by luck, but by managing opportunities and capital wisely. Crypto is not a casino. Anyone who treats it as a casino will eventually become “fuel” for the market.

1. Don’t Rush All-in – The First Step Is Survival The biggest mistake newcomers make is entering the market with the mindset of “playing a game to change their life.” They use high leverage, jump into junk coins, FOMO on hot trends. The ones who survive the longest are those who are patient. Survival principles: Use only 5–10% of your capital for tradingKeep the rest in stablecoins waiting for big opportunitiesThe market trend is unclear → better to miss out than to enter wrong Discipline in cutting losses: Every order must have a clear stop-lossReach the point and cut, don’t prayCapital is ammunition – shoot it all and leave the game Making money comes later. First, you must survive.
2. Big Opportunities Are To Be Waited For – Not Chased In a year, real opportunities only happen 2–3 times. The rest is noise. Wise traders stay still when the market is chaotic, and only act when a trend has been established. Signs of a big opportunity: Long-term price decline then sideways movement, no new bottomVolume gradually increases in silenceBreaks strong resistance on the weekly chartMarket sentiment is pessimistic, community is silent When everyone is shouting “to the moon,” it’s usually too late.
3. Capital Rolling Strategy: Use Profits to Make Bigger Moves I never enter a position with all my capital. Everything follows a step-by-step process: Standard procedure: Step 1 – Enter a probing position (20%) When seeing good signals, enter a small portion to test the trend. Step 2 – Confirm the trend (add 30%) When the price breaks out of accumulation, use profits to increase the position. Step 3 – Protect capital Move stop-loss up to ensure no loss of the principal. Step 4 – Take partial profits When the price doubles, withdraw the principal, let the profits run. Survival rule: Don’t risk real money – only use market funds.
4. Don’t Try to Be a Genius – Just Follow the Trend Many people lose because they try to catch the bottom or predict the top. The market doesn’t need you to be a genius. It just needs you to go in the right direction. Simple rules: Market up → only go longMarket down → stay outNever trade against the trend Avoid FOMO: A coin rising 50% in a day is not an opportunity – it’s often a trap. Real opportunities appear when the market is dull and no one cares.
5. Truths from Those Who Have Gone Through Many Cycles Making 1 million dollars in crypto is not about super skills, but about: Right mindset: Capital management is more important than choosing coinsA steady psychology is even more important than analysisDaring to buy when the majority are fearfulDaring to sell when the crowd is crazy Don’t believe in magic tricks: Bots, AI, airdrops… are not badBut don’t touch them if you don’t understandOnly trade within your capacity zone Conclusion The market is always changing, but greed and fear never do. Long-term survival is not about predicting every peak and bottom, but about: Making profits when the market is goodLosing less when the market is badNot letting emotions break your discipline If you truly want to go far in crypto, start with these fundamental principles. Money can be earned again, but a burned account means lost opportunity forever. Wishing you enough clarity to survive, patience to wait for the right moment, and courage to seize opportunities when they come.