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Can my last 10,000 USD1 help me turn it into 200,000 USD?
Yes, over the past three years, because of my faith in the "diamond hand" (a cryptocurrency trading strategy), I bought into worthless coins that I shouldn't have, ultimately exchanging my hard-earned USD for worthless coins.
I currently only have 10,000 USD1 in hard-earned cash, which I plan to use entirely to buy Bitcoin. I hope to sell when Bitcoin reaches 1 million USD, but I don't know how long that will take or if it's even possible.
A couple of days ago, I tried to do some arbitrage with USD1, but I found that the exchange rate has been above 1 recently. However, I discovered that even with 10,000 USD, I would only make a few dollars in profit, so I decided to keep it in my futures account.
Recently, the USD1 exchange rate has been very stable. I think this is related to the ecosystem behind WLFI (Worldwide Interactive Financial Services). The application scenarios for USD1 have increased significantly since its initial promotion.
A couple of days ago I shared that my investment in Morpho Vault yielded about 13%. Now, the Lauchpool savings and contract collateral on the MEXC exchange also supports USD1. If you have funds on MEXC, you might want to give it a try; the returns are significantly higher than other stablecoins.
In a bear market, avoid chasing so-called hot trends. Losing money over the past three years is not a matter of ability. The market is currently extremely competitive; only wait for Bitcoin to reach a suitable price before making any moves.
#DYOR



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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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