Several Major Methods to Make Money in the Crypto World
Several Major Methods to Make Money in the Crypto World: Mastering three of them can easily earn you U!
1. Coin Hoarding Method: Suitable for Bull Markets and Bear Markets
The coin hoarding method is the simplest yet also the most challenging strategy. The simplest part is to buy certain cryptocurrencies and hold them for more than six months or a year without any operations. Typically, the minimum profit can reach ten times.
2. Buying the Dip in a Bull Market: Suitable Only for Bull Markets
Use no more than one-fifth of your total funds as spare cash. This strategy is suitable for cryptocurrencies ranked between 20 and 100 in market cap, as they are less likely to be stuck for long periods. For example, if you buy an altcoin and it rises by 50% or more, you can exchange it for another coin that has plummeted, and continue this cycle. If your first altcoin gets stuck, just wait; the bull market will surely release it. However, the selected coins should not be too poor, and this strategy is actually not easy to control. In a bull market, almost all cryptocurrencies rise, and funds flow like a huge hourglass, slowly seeping into each coin, starting from the larger ones.
3. Pyramid Bottom Buying Method: Suitable for Predictable Major Drops. Bottom buying method: Place buy orders at 80%, 70%, 60%, and 50% of the coin price, using one-tenth, one-fifth, one-third, and one-fourth of your position proportions respectively.
4. Moving Average Method: Requires some basic knowledge of candlestick patterns. Set indicator parameters MA5, MA10, MA20, MA30, MA60, and choose daily chart levels. If the current price is above the MA5 and MA10 lines, hold steady. If the MA5 drops below the MA10, sell the coin; if the MA5 breaks above the MA10, buy and establish a position.
5. Aggressive Coin Hoarding Method: Suitable for high-quality long-term coins you are familiar with. If you have some liquid funds, for example, if a coin is currently priced at $8, buy it at $7. Once successfully purchased, sell it at $8.8. Profits are used for hoarding coins. Liquid funds are reserved for waiting for the next opportunity. Adjust dynamically based on the current price. If there are three such opportunities in a month, you can accumulate a considerable amount of coins. The formula is: the buying price equals 90% of the current price, and the selling price equals 110% of the current price. Unless the price rises by 3-5 times, do not sell; I believe you will gain some insights after reading this.
