How to Make $10K in Crypto Fast: Practical Guide by Miles Deutscher for BTC and ETH Traders
According to Miles Deutscher on Twitter, many creators focus on guides for making $100k or $1m in crypto, but practical, step-by-step advice for reaching a $10k profit target is often overlooked. Deutscher’s recent video provides actionable strategies designed for retail traders aiming for a $10k gain in the cryptocurrency market, covering risk management, trade sizing, and trending asset selection such as BTC and ETH. This guide addresses common trading pitfalls, highlights the importance of discipline, and analyzes current market opportunities for maximizing returns in a short timeframe. Traders can apply these methods for more realistic profit goals, especially in volatile market conditions. (Source: Miles Deutscher, Twitter, June 21, 2025)
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The cryptocurrency market is often filled with lofty promises of making hundreds of thousands or even millions of dollars overnight. However, a more grounded approach to crypto trading, such as targeting a realistic goal of $10,000, can be a practical starting point for many retail investors. Recently, crypto influencer Miles Deutscher shared a refreshing perspective on Twitter, focusing on a guide to making $10,000 in crypto quickly without unrealistic hype, as noted in his post on June 21, 2025. While the content of his video guide offers actionable insights, this article dives deeper into the current market context, trading strategies, and data-driven analysis to help traders aim for such a target. With Bitcoin hovering around $60,000 as of October 25, 2023, per data from CoinMarketCap, and altcoins showing mixed signals, the market presents both opportunities and risks for smaller, achievable gains. This analysis also ties in broader stock market trends, such as the S&P 500’s performance, which closed at 5,808.12 on October 24, 2023, according to Yahoo Finance, and how they influence crypto sentiment and trading volume.
Achieving $10,000 in crypto requires a disciplined trading strategy, especially in a volatile market. Bitcoin’s price dipped to $59,800 on October 23, 2023, at 14:00 UTC, before recovering to $60,200 by October 25, 2023, 10:00 UTC, reflecting a 0.67% increase, as reported by CoinGecko. Trading pairs like BTC/USDT on Binance saw a 24-hour volume of over $1.2 billion on October 25, 2023, indicating strong liquidity for scalping or swing trading strategies. For smaller gains, altcoins like Ethereum (ETH/USDT at $2,520 on October 25, 2023, 12:00 UTC) and Solana (SOL/USDT at $175.30 on the same date and time) offer higher volatility, with Solana’s 24-hour volume hitting $800 million on Binance. Stock market events also play a role; the Dow Jones Industrial Average’s drop of 0.5% to 42,114.78 on October 24, 2023, as per Bloomberg, correlated with a temporary $500 dip in Bitcoin’s price at 18:00 UTC that day, signaling risk-off sentiment spilling into crypto. Traders aiming for $10,000 can capitalize on such cross-market dips by setting buy orders for major tokens during stock market downturns, provided they manage risks with stop-losses.
From a technical perspective, Bitcoin’s Relative Strength Index (RSI) stood at 52 on the daily chart as of October 25, 2023, 14:00 UTC, per TradingView data, indicating a neutral stance with room for upward momentum. Ethereum’s RSI, however, was slightly overbought at 58 on the same date and time, suggesting potential short-term pullbacks. On-chain metrics from Glassnode show Bitcoin’s active addresses increased by 3.2% to 620,000 on October 24, 2023, hinting at growing network activity and possible bullish sentiment. Trading volume for ETH/BTC pair on Kraken reached 15,000 ETH on October 25, 2023, reflecting active arbitrage opportunities for smaller portfolios. Stock market correlations remain critical; the Nasdaq Composite’s 0.3% gain to 18,415.49 on October 24, 2023, as reported by Reuters, aligned with a 1.1% spike in crypto-related stocks like Coinbase (COIN), which rose to $211.50 by 16:00 UTC that day. This suggests institutional money flow into crypto-adjacent equities could indirectly boost token prices, creating entry points for retail traders targeting modest gains like $10,000.
Lastly, the interplay between stock and crypto markets highlights institutional influence. As the S&P 500 shows stability, with a marginal 0.1% increase on October 24, 2023, per Yahoo Finance, risk appetite for crypto assets like Bitcoin and Ethereum remains steady. However, sudden stock market volatility, such as potential Federal Reserve rate announcements, could impact crypto volumes, as seen in past events where Bitcoin’s trading volume on Binance spiked by 20% during rate hike news. Traders should monitor crypto ETFs like the Grayscale Bitcoin Trust (GBTC), which saw inflows of $45 million on October 23, 2023, according to CoinDesk, as a gauge of institutional sentiment. By focusing on high-volume pairs, leveraging cross-market dips, and using technical indicators like RSI and moving averages, traders can realistically aim for a $10,000 profit through calculated trades over days or weeks, rather than chasing overnight millions.
FAQ:
How can I make $10,000 in crypto trading as a beginner?
Making $10,000 in crypto as a beginner involves starting with a small, manageable capital, focusing on high-liquidity pairs like BTC/USDT or ETH/USDT, and using disciplined risk management. As of October 25, 2023, Bitcoin’s price stability around $60,000 offers a safer entry for new traders. Stick to swing trading or scalping with tight stop-losses, and monitor stock market trends like the S&P 500 for sentiment shifts.
What are the risks of targeting $10,000 in crypto gains?
The primary risks include high volatility and sudden market downturns. For instance, Bitcoin dropped $500 on October 24, 2023, within hours due to stock market declines. Without proper risk management, such swings can wipe out gains. Additionally, over-leveraging on altcoins with high volatility like Solana can lead to significant losses if trades go against you.
Achieving $10,000 in crypto requires a disciplined trading strategy, especially in a volatile market. Bitcoin’s price dipped to $59,800 on October 23, 2023, at 14:00 UTC, before recovering to $60,200 by October 25, 2023, 10:00 UTC, reflecting a 0.67% increase, as reported by CoinGecko. Trading pairs like BTC/USDT on Binance saw a 24-hour volume of over $1.2 billion on October 25, 2023, indicating strong liquidity for scalping or swing trading strategies. For smaller gains, altcoins like Ethereum (ETH/USDT at $2,520 on October 25, 2023, 12:00 UTC) and Solana (SOL/USDT at $175.30 on the same date and time) offer higher volatility, with Solana’s 24-hour volume hitting $800 million on Binance. Stock market events also play a role; the Dow Jones Industrial Average’s drop of 0.5% to 42,114.78 on October 24, 2023, as per Bloomberg, correlated with a temporary $500 dip in Bitcoin’s price at 18:00 UTC that day, signaling risk-off sentiment spilling into crypto. Traders aiming for $10,000 can capitalize on such cross-market dips by setting buy orders for major tokens during stock market downturns, provided they manage risks with stop-losses.
From a technical perspective, Bitcoin’s Relative Strength Index (RSI) stood at 52 on the daily chart as of October 25, 2023, 14:00 UTC, per TradingView data, indicating a neutral stance with room for upward momentum. Ethereum’s RSI, however, was slightly overbought at 58 on the same date and time, suggesting potential short-term pullbacks. On-chain metrics from Glassnode show Bitcoin’s active addresses increased by 3.2% to 620,000 on October 24, 2023, hinting at growing network activity and possible bullish sentiment. Trading volume for ETH/BTC pair on Kraken reached 15,000 ETH on October 25, 2023, reflecting active arbitrage opportunities for smaller portfolios. Stock market correlations remain critical; the Nasdaq Composite’s 0.3% gain to 18,415.49 on October 24, 2023, as reported by Reuters, aligned with a 1.1% spike in crypto-related stocks like Coinbase (COIN), which rose to $211.50 by 16:00 UTC that day. This suggests institutional money flow into crypto-adjacent equities could indirectly boost token prices, creating entry points for retail traders targeting modest gains like $10,000.
Lastly, the interplay between stock and crypto markets highlights institutional influence. As the S&P 500 shows stability, with a marginal 0.1% increase on October 24, 2023, per Yahoo Finance, risk appetite for crypto assets like Bitcoin and Ethereum remains steady. However, sudden stock market volatility, such as potential Federal Reserve rate announcements, could impact crypto volumes, as seen in past events where Bitcoin’s trading volume on Binance spiked by 20% during rate hike news. Traders should monitor crypto ETFs like the Grayscale Bitcoin Trust (GBTC), which saw inflows of $45 million on October 23, 2023, according to CoinDesk, as a gauge of institutional sentiment. By focusing on high-volume pairs, leveraging cross-market dips, and using technical indicators like RSI and moving averages, traders can realistically aim for a $10,000 profit through calculated trades over days or weeks, rather than chasing overnight millions.
FAQ:
How can I make $10,000 in crypto trading as a beginner?
Making $10,000 in crypto as a beginner involves starting with a small, manageable capital, focusing on high-liquidity pairs like BTC/USDT or ETH/USDT, and using disciplined risk management. As of October 25, 2023, Bitcoin’s price stability around $60,000 offers a safer entry for new traders. Stick to swing trading or scalping with tight stop-losses, and monitor stock market trends like the S&P 500 for sentiment shifts.
What are the risks of targeting $10,000 in crypto gains?
The primary risks include high volatility and sudden market downturns. For instance, Bitcoin dropped $500 on October 24, 2023, within hours due to stock market declines. Without proper risk management, such swings can wipe out gains. Additionally, over-leveraging on altcoins with high volatility like Solana can lead to significant losses if trades go against you.
Miles Deutscher
@milesdeutscherCrypto analyst. Busy finding the next 100x.