How to make money in the crypto world and earn your first million!

1. Hold mainstream coins for the long term

Bitcoin (BTC) and Ethereum (ETH) are the 'big shots' in the crypto world. Bitcoin is like digital gold, with great long-term appreciation potential; Ethereum is the leader in smart contracts, with a rich ecosystem. Buy in bear markets and sell in bull markets; historical data shows that this strategy often yields good returns.

2. Regular investment (DCA)

If you don't want to be anxious about market fluctuations, you can try regular fixed investment. For example, invest $500 each month to buy Bitcoin, regardless of price increases or decreases. Over the long term, costs will average out, and returns will gradually accumulate.

3. Diversify investments, don’t go All-in

Don’t put all your money on one coin. You can diversify into Bitcoin, Ethereum, stablecoins (like USDT), and add some promising small coins (like SOL, XRP). This can reduce risk and capture more opportunities.

4. Leverage market cycles

The crypto market has bull and bear cycles, usually every 3-4 years. Buying at low prices in bear markets and selling at high prices in bull markets is key to making big money. For example, Bitcoin may drop to low levels in a bear market but can increase several times during a bull market.

5. Learn market dynamics

The crypto world changes quickly, so continuous learning is important. Keep an eye on industry news, professional articles, and join some investment communities to enhance your judgment. Don’t invest without understanding; avoid following the crowd.

6. Control risks, don’t be greedy

Set stop-loss and take-profit levels: decide how much you are willing to lose before entering and how much to sell for profit.

Avoid high leverage: while leverage can lead to quick gains, it can also lead to faster losses; beginners should definitely avoid it.

7. Earn passive income through staking and mining

If you hold coins, you can earn additional income through staking or liquidity mining. For example, you can put your coins into DeFi protocols and earn interest while resting.

8. Patience and discipline

The most important qualities for investing in the crypto world are patience and discipline. Don’t be frightened by short-term fluctuations; stick to long-term strategies. By holding mainstream coins, investing regularly, diversifying, and leveraging market cycles, you can gradually accumulate wealth. The crypto world offers opportunities, but risks are also high; don’t be greedy and take steady steps to succeed.

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