Binance Square

巨鲸钱包苏醒

236 views
2 Discussing
分析师卓航
--
See original
Understand the crypto world and navigate it successfully.1. Speculating on cryptocurrencies: The thrilling game of speculating on cryptocurrencies is the most common way to make money in the crypto world, with the core idea being to buy low and sell high, profiting from price fluctuations. It's exciting, but the risks are high. 1. Short-term trading: Quick in and out. Short-term trading involves closely monitoring candlestick charts to capture short-term fluctuations. For example, buy Bitcoin at $60,000 and sell at $65,000, making a few thousand in profit. You need to understand technical indicators (like RSI, MACD) and market sentiment. A friend of mine chased high prices in 2021, only to see the price crash and suffered huge losses. Short-term trading requires discipline; set stop-loss orders and avoid greed. 2. Long-term holding: Zen-like HODL. Long-term means buying coins and holding them for a few years until they double in value. Choose mainstream coins like Bitcoin or Ethereum, or potential projects like Solana or Polkadot. In 2018, when Bitcoin was at $3,000, a friend bought 5 coins; by 2021, they rose to $60,000, making a 30x profit. For long-term holding, research the project's white paper, team, and community; avoid buying 'worthless tokens.'

Understand the crypto world and navigate it successfully.

1. Speculating on cryptocurrencies:
The thrilling game of speculating on cryptocurrencies is the most common way to make money in the crypto world, with the core idea being to buy low and sell high, profiting from price fluctuations. It's exciting, but the risks are high.
1. Short-term trading: Quick in and out. Short-term trading involves closely monitoring candlestick charts to capture short-term fluctuations. For example, buy Bitcoin at $60,000 and sell at $65,000, making a few thousand in profit. You need to understand technical indicators (like RSI, MACD) and market sentiment. A friend of mine chased high prices in 2021, only to see the price crash and suffered huge losses. Short-term trading requires discipline; set stop-loss orders and avoid greed.
2. Long-term holding: Zen-like HODL. Long-term means buying coins and holding them for a few years until they double in value. Choose mainstream coins like Bitcoin or Ethereum, or potential projects like Solana or Polkadot. In 2018, when Bitcoin was at $3,000, a friend bought 5 coins; by 2021, they rose to $60,000, making a 30x profit. For long-term holding, research the project's white paper, team, and community; avoid buying 'worthless tokens.'
Login to explore more contents
Explore the latest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number