Five Ways to Make Money in Cryptocurrency:
1. Holding Method: Suitable for Bull and Bear Markets.
The holding method is the simplest yet the most difficult strategy. It is the simplest because it involves buying a specific coin or several coins and holding them for more than six months or a year without any trading. Generally, the minimum return is ten times. However, beginners often get tempted by high returns or panic when the coin price drops significantly, and they consider selling or switching. Many find it hard to resist trading for even a month, let alone a year. So, this is actually the most difficult.
2. Buying the Dip in a Bull Market: Only Suitable for Bull Markets.
Use a portion of idle funds, preferably no more than one-fifth of your total capital. This strategy is suitable for coins with a market cap between 20-100, as you won't be stuck for too long. For example, if you buy a first altcoin and it rises by 50% or more, you can then switch to the next coin that has dropped sharply, and continue this cycle. If your first altcoin gets stuck, just wait; the bull market will eventually free you. The condition is that the chosen coin should not be a bad investment; this strategy is also difficult to control, and beginners need to be cautious.
3. Hourglass Switching Method: Suitable for Bull Markets.
In a bull market, nearly any coin you buy will rise. Capital flows like a giant hourglass, slowly seeping into each coin, starting from larger coins. There is a clear pattern in price rises: leading coins rise first, such as BTC, ETH, DASH, ETC, etc., followed by mainstream coins like LTC, XMR, BNB, NEO, DOGE, SHIB, etc. Then, coins that haven't risen will experience a widespread increase, such as RDN, XRP, ZEC, etc., followed by various smaller coins taking turns to rise. However, if Bitcoin rises, you should look for the next tier of coins that haven’t risen yet and start building your position.
4. Pyramid Bottom Buying Method: Suitable for Predictable Major Drops.
Bottom buying method: Place orders to buy one-tenth of your capital at 80% of the coin price, one-fifth at 70%, one-third at 60%, and one-fourth at 50%.
5. Aggressive Holding Method: Stick to Coins You Know, Only Suitable for Long-term Quality Coins.
If you have some liquid funds and a coin is currently priced at $8, place an order to buy at $7. When the buy order is successfully executed, place a sell order at $8.8. Profit comes from holding coins.
