The post Expert explains how he turned $40,000 into $10 million last cycle appeared on BitcoinEthereumNews.com.

The last cryptocurrency trading cycle started between 2019 and 2020, reaching its peak in November 2021 and triggering a retracement. During its bull rally, an expert has allegedly turned a $40,000 initial investment into $10 million, speculating on altcoins. This is the story Michaël van de Poppe told on September 27 through a post on X, encouraging his followers. According to the CIO and founder of MNConsultancy, MNCapital, and MNAcademy, investors can achieve “ridiculous returns” during a bull cycle. “You need to assure yourself that during a bull cycle, ridiculous returns can be made. If I can do it, then you can do it too.” – Michaël van de Poppe As van de Poppe explained, he achieved the 250-fold return mainly by trading and investing in altcoins, with good timing. Besides knowing the best time to buy and sell each cryptocurrency, the expert relied on “compounding through staking.” Last cycle I went from $40K to $10M. How? Mainly by trading & investing in #Altcoins and timing it well + compounding through staking. You need to assure yourself that during a bull cycle, ridiculous returns can be made. If I can do it, then you can do it too. — Michaël van de Poppe (@CryptoMichNL) September 27, 2024 Timing the market well and staking compound However, “timing [the market] well” is not easy, even for experienced players who try to navigate the price action through educated guesses. The longer the time frame and the more information available, the better the chances of making profitable decisions. Overall, traders will look for signals and indicators forecasting a trend shift or an impulsive movement while avoiding uncertain scenarios. These could manifest in diverse forms and shapes, requiring time in the market to learn how to identify them. While some metrics can offer valuable insights,…

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Filed under: News - @ September 28, 2024 6:13 pm