Can you really make money in the cryptocurrency world?

Can trading cryptocurrencies really be profitable?

Having spent 5 years in the cryptocurrency world, I've pretty much tried every type of method, and I've summarized my own methodology on this question.

In fact, if you've been in the cryptocurrency space for a long time, you'll know that there are waves of small market trends every year, and every four years there is a halving event that leads to a major bull market. If you grasp the market trend well, there are really good opportunities to make money. For us ordinary people, it’s a very good chance to turn things around!

Cryptocurrency trading is simply divided into two types: spot and contracts!

First, let's talk about spot trading, which is about holding coins. When entering a bear market, most coins have already been halved and are at low prices, you can choose the right moment to enter the market, buy in batches, and then just hold until the bull market doubles your investment. The method is straightforward, but whether you can hold it or not depends on the individual!

Next is contracts. Most people say it’s difficult to play with, and indeed, there’s no fixed method, and coupled with self-discipline, it’s really hard to play. Many people end up losing everything! Here, I want to highlight three points:

1. Choose the right time to enter the market

2. Control your position well

3. Understand how to take profits and stop losses!

4. Don’t hold onto losing positions!

If you get these points right, you will profit more and lose less in the contract market!