7 Ways to Play with Cryptocurrency and Strategies for Earning While Lying Down!! Here are the essentials:
1. Mainstream Coin Holding Method
The holding method is relatively simple, but difficult to execute. First, buy a few mainstream coins in spot, then hold them for a year or several years without any operation, and the returns are generally several times (it is not recommended to buy small coins, as small coins may go to zero). However, beginners often see high returns or encounter a price drop, and plan to switch or exit. Many people find it difficult to hold for 3 months, let alone several years.
2. Buying the Dip in a Bull Market
This method is suitable for buying mainstream coins in a bull market, as mainstream coins generally won't be stuck for long. For example, if you buy Bitcoin and it rises by 30% or more, you can switch to the next declining mainstream coin and continue this cycle. If you buy in the wrong direction and get stuck, just wait; a bull market will definitely free you. The prerequisite is not to buy small coins, as Bitcoin and Ethereum fluctuate quickly, making this method easier to control.
3. Hourglass Switching Method
In a bull market, buying any coin usually results in gains. Funds act like a giant hourglass, slowly seeping into every coin, with a clear pattern of growth: Bitcoin rises first, followed by mainstream coins, and then a general rise in small coins that haven't increased. However, if Bitcoin rises, you should pick the next category that hasn't risen yet to start building your position.
4. Pyramid Bottom Buying Method:
When predicting that a coin will plummet, set up 4 positions: place an order to buy one-tenth of the position at 80% of the coin price, buy two-tenths at 70%, buy three-tenths at 60%, and buy four-tenths at 50%. Once a rebound starts, you can progressively take profits.
5. Moving Average Method
You need to understand some basic K-line indicators and parameter settings, selecting a daily chart. If the current price is above the MA5 and MA10, hold steady. If the MA5 falls below the MA10, sell; if the MA5 rises above the MA10, buy and build a position.
6. Rolling Position Holding Method
This is suitable only for long-term mainstream coins. For example, if Ethereum's current price is 1658, place an order to buy at 1458. Once the purchase is successfully executed, place an order to sell at 1958, using the profits to hold coins, and take out liquid funds to continue waiting for the next opportunity, adjusting dynamically based on the current price. If there are three such opportunities in a month, you can accumulate a lot of coins.
7. Compound Interest Method
Continuously participate in doubling investments. When a new coin rises by 3-5 times, take out the principal and invest in the next doubling investment, while keeping the profits. This process continues to cycle.