Several Major Methods to Make Money in the Cryptocurrency Market!
1. Holding Coins Method: Suitable for Bull and Bear Markets.
The holding coins method can be said to be both simple and extremely challenging. It's simple in that you only need to buy a certain coin or a few coins and hold them for more than six months or a year without any operations. The basic return can be at least ten times. However, the difficulty lies in the fact that beginners often want to switch or sell when they see high returns or encounter a price drop. Many people find it hard to not operate for even a month, let alone a year. Therefore, this holding coins method is actually the most difficult way to play.
2. Buying the Dip Method in Bull Markets: Suitable only for Bull Markets.
Take out a portion of spare cash, preferably no more than one-fifth of the total capital. This method is suitable for coins with a market cap in the 20 - 100 range because they won't be stuck for too long. For example, if you buy the first altcoin and it rises by 50% or more, you can switch to the next coin that has plummeted, and so on. If your first altcoin gets stuck, just keep waiting; you will definitely recover in a bull market. But the premise is that the coin cannot be too risky, and this method is also not easy to control, so beginners should be cautious.
3. Hourglass Switching Method: Suitable for Bull Markets.
In a bull market, essentially any coin you buy will rise, and the capital flows like a giant hourglass, slowly seeping into every coin, starting from large coins. There is a clear pattern in coin price increases: first, the leading coins rise, such as BTC, ETH, DASH, ETC, etc., followed by mainstream coins like LTC, XMR, BNB, NEO, DOGE, SHIB, etc. Then, the coins that haven't risen yet will see a general increase, like RDN, XRP, ZEC, etc., and finally, various small coins will take turns rising. If Bitcoin rises, you should choose the next level of coins that haven't risen yet and start building your position.
4. Pyramid Bottom Fishing Method: Suitable for Predicted Major Drops.
The bottom fishing method is: buy one-tenth of the position at 80% of the coin price, buy one-fifth of the position at 70% of the coin price, buy three-tenths of the position at 60% of the coin price, and buy four-tenths of the position at 50% of the coin price.
