Like many people, I come from a rural area, and the cryptocurrency world has completely changed my destiny.
From an initial capital of 100,000 to now about 37 million in financial freedom, this path is fraught with thorns, but it has allowed me to complete a transformation in life. When I just graduated from university, I worked in a state-owned enterprise, earning a salary of over 5,000 per month, and my life was monotonous with no end in sight.
By chance, I came into contact with cryptocurrency contracts, and with a burst of energy, I operated blindly, resulting in a complete loss and accumulating a debt of 100,000. That period was really despairing. But the rural kid's spirit of not giving up never collapsed.
I started frantically adding contacts of community teachers and seniors, joining one group after another, absorbing knowledge from the cryptocurrency world like a sponge, gradually consolidating myself and enhancing my understanding, then applying what I learned step by step in practice. After experiencing two rounds of bull market baptism, my assets finally broke through 8 digits in 2024. Today, besides sharing trading insights, I also want to share nine solid methods for making money without reservation (whether you are a beginner or an experienced trader, I suggest taking a screenshot to save).
I. My Core Trading Insights Most people in the cryptocurrency world are short-term traders, often unable to stick to ideal exit points and not skilled in position control, nor will they rely on fluctuations to adjust averages. For these traders, a good entry price outweighs everything: once there is profit, first exit part of the position to secure profits, and set the cost price for stop-loss on the remainder. This is what I repeatedly emphasize in my community.
The essence of contract trading strategies:
(1) Identify the main trend and enter the market according to the main trend; otherwise, do not touch it at all.
(2) When trading with the trend, select these three entry points: 1. New breakout point of the trend; 2. Breakout point after sideways consolidation in a certain direction; 3. Pullback point of the upward trend or rebound point of the downward trend.
(3) A position that follows the trend can bring hefty profits, so never exit early;
(4) If the position building aligns with the major trend and the paper profit proves the judgment is correct, use the pyramid method to increase the position (refer to the second entry point);
(5) Maintain the position until the trend reverses and then close the position.
(6) If the market trend is opposite to the position building, stop loss and run quickly. In addition to these strategies, remember three qualities: discipline, discipline, and discipline! The way of trading lies in accumulating little by little and compounding interest. After breaking even, do not let it turn into a loss again; if there is profit, be sure to take some off the table to prevent it from being in vain. In summary: If you earn, take bold steps, and let the remaining part bear the original loss.
II. Nine Methods for Making Money in the Cryptocurrency World 1. Coin Hoarding Method (Applicable in Bull and Bear Markets)
The simplest yet most difficult strategy: After buying one or several coins, hold them for half a year or even over a year without moving. Usually, the minimum return can reach ten times. However, beginners often rush to switch coins or exit when they see high returns or face a halving, and very few can hold for a month, let alone a year; therefore, persisting is very difficult.
2. Buying the Dip Method (Applicable Only in Bull Markets) Use no more than one-fifth of total funds as idle money for operations, selecting coins with a market cap between 20 and 100 (the holding time will not be too long). For example, buy the first altcoin, and when it rises over 50%, switch to the next coin that has plummeted, cycling operations. If trapped, just wait patiently; there is a high probability of breaking even in a bull market (as long as the coin is not bad). However, this method is hard to control, so beginners should try cautiously.
3. Hourglass Switching Method (Applicable in Bull Markets) In bull markets, almost all cryptocurrencies will rise, with funds flowing in continuously like a giant hourglass from small to large. The upward trend usually starts with leading coins (BTC, ETH, etc.), followed by mainstream coins (LTC, BNB, etc.), then coins that have not risen (RDN, XRP, etc.), and finally, small coins take turns to rise. After Bitcoin rises, choose the next level of coins that have not yet started to build positions.
4. Pyramid Bottom-Fishing Method (Applicable for Predicted Major Crashes) Bottom-fishing steps: When the coin price drops by 20% (80% of the current price), buy one-tenth of the total funds; when it drops by 30% (70% of the current price), buy one-fifth; when it drops by 40% (60% of the current price), buy one-third; when it drops by 50% (50% of the current price), buy one-half.
5. Moving Average Method (Requires Understanding of Basic K Lines) Set the indicator parameters to MA5, MA10, MA20, MA30, MA60, and look at the daily level: If the current price is above MA5 and MA10, hold without action; if MA5 falls below MA10, sell; if MA5 breaks above MA10, buy and build a position.
6. Aggressive Coin Hoarding Method (Applicable for Long-term Quality Coins) Prepare a liquid fund; if a coin's current price is 8 dollars, place an order to buy at 7 dollars. After the transaction, place an order to sell at 8.8 dollars. The profit is used to hoard coins, and the liquid funds continue to wait for the next opportunity (the buying price is 90% of the current price and the selling price is 110% of the current price). Assuming there are three opportunities each month, it can hoard quite a few coins.
7. ISOs Aggressive Compound Interest Method The core is to frequently participate in small cryptocurrency markets: When a new coin rises 3-5 times in a short period, withdraw the principal and invest in another potential small coin, leaving the previous extra earnings to continue appreciating, accumulating substantial returns through rapid fund turnover.
8. Cyclical Band Method (Applicable for Non-Mainstream Coins like ETC) Gradually increase positions as the coin price continues to drop; the more it drops, the more you add to your position; after the market rebounds and the coin price rises to profit, gradually sell. Repeatedly operate for profit during price fluctuations, which requires strong market judgment and risk control awareness, as well as patience to wait for opportunities.
9. Small Coin Aggressive Play If you have 10,000 yuan, divide it into 10 parts to buy 10 different types of low-priced coins (each preferably under 3 yuan), and after buying, do not operate frequently; just hold on. Market conditions and the diversity of coins will give rise to different strategies, and it is inevitable that one person working alone will have omissions. Joining our family allows us to share views and trading ideas with each other, moving more steadily and further in the cryptocurrency world.
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