If someone walked up to you.
Gave you $1.
Then told you to turn it into $2 for them within 24 hours.
Could you do it?
Not would you do it!
The question is whether or not you "could" turn $1 into $2 for this certain someone.
And do it overnight, guaranteed, no matter what.
How would you do it?
Step 1.
Take their dollar, take your own dollar, and hide them.
Yes, that means take this person's dollar, take a dollar of your own, and put it somewhere safe.
$1 from them and $1 from you.
That's the first step a reliable expert trader would make!
Problem Solved!
Not so fast.
You may have already doubled the $1 using your own money but this is more than that.
This was a guarantee and you want to show how to trade Crypto within 24 hours
Step 1 is to solve the problem early in the easiest way possible to avoid sour grapes.
The easiest way to do that is to pitch in your own dollar!
However!
If you want to take it a step further, move onto Step 2.
Step 2.
Now that we have the assurance that the problem is already solved so-to-speak
The plan now is to make $2 within 24 hours that you can use to replace the $2 from Step 1.
To do that with trading Crypto you know you must invest a little bit of money to make that happen.
With Crypto trading, the markets for most coins usually move between 1% to 3% a day.
About 2% is enough for most traders to make a profit.
Reasonably you can assume that In order to make a $2 profit you will need to take advantage of this 2% swing
In order to make $2 off of a 2% price increase, Traders like you need to invest at least $100 before the price rises.
That is $100 of your own money betting that the market will rise 2% on your crypto investment within 24 hours.
When the price rises 2% you sell for $102 and congratulations!
You banked an additional $2 and got to keep all of your original money.
Nice work!
Problem solved!
Nope.
That's only 2 steps and relying on just that would be leaning towards lucky.
However!
From that step, you know that $100 is the least amount you need to take that chance.
This certain someone "did" say you had 24 hours.
So whether you increased it soon or not.
You could increase your chances if you had an additional $100 to spend.
Step 3.
Take the full 24 hours!
If the $100 was all you had that's okay just try and wait it out.
You shouldn't be investing with every last dollar you have anyways.
Start small!
It is okay to start small just as long as you start somewhere.
Meanwhile, step 3 involves investing another $100 to increase the chances you earn a $2 profit.
After an hour if the price decreases.
Give it a good hard think and throw another $100 at it if you can.
If you can do it every hour more power to yeah!
Be smart with your money though. Please don't go in over your head!
In 24 hours if you spent $100 every hour that would be $2400 dollars.
So if you don't have $2400 to lose to make sure you make $2.
That confidence to double someone else's money overnight needs readjusting.
Last Step.
There is no last step really!
If you made it to Step 1 or even 2 you already doubled the dollar someone gave you.
The last step now would be to wait patiently and try to double it once.
Then double it twice.
Then double it three times!
Increase your trading confidence!
The worst that is going to happen after 24 hours is you meet this someone and give them $2 from Step 1.
So don't throw your last $100 at something just to make a bet.
But if you have $100 to spare then it could be a good bet to make.
Whether you end up profiting $2 or not, the point is you kept your word, saved within your means, and won a bet!
Set yourself up to win simple bets first that you know you can win.
Practice your trading with simple goals like these.
After that, you can continue to steps 4 and 5 and beyond.
Why?
Because those are the steps that YOU create!
Turning $1 into $2 trading Crypto is not as easy overnight as it seems.
This should put into perspective how much someone would truly need to invest.
Do you have the confidence to turn $1 into $2 trading Crypto overnight yet?
To turn $1 into $2 you need at least another $1 of your own.
To do that trading crypto overnight you would need at least $100 no matter what.
Conclusion
Taking $1 and investing it into something like Bitcoin is not a bad thing to do at any time.
However, there is no possible way for that $1 to turn into $2 simply by buying $1 and waiting to sell when it gets to $2.
Sure it IS possible but.
That would take you a LONG time.
What you do instead is learn how to how to trade.
To make a $2 profit off of $100 you know that a 2% rise needs to occur.
The more money you have to invest going into that profit goal, the better chances you have at turning $1 into $2.
Someone who has $100 versus someone who has $1,000 who do you think has a better chance of making a $2 profit?
The person with $1000 of course.
The person with $100 can too!
They can both get to Step 1.
But will they both get to Step 2 or 3 and so on?
The chances are just not as likely because they have not enough time or money to invest in making a profit of $2 overnight.
The only way to fix that is to start Step 1 and never stop.
The longer you hodl, learn to invest, and live smart.
Life will become enjoyable and profitable!
Eventually turning $1 into $2 overnight will be easy-peezy
Maybe then you will be learning how to turn $10 into $20 overnight!
Thank you for reading!
https://www.trevorbalthrop.com
Blockfi - Earn Interest HODL'ing your cryptos
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