To be honest, there are indeed a group of people living a 'digital nomad' life thanks to the crypto world. But don't be fooled by those flaunting luxury cars and mansions; those who can make steady profits are playing the simplest tactics.
Take myself as an example: I started with a principal of 50,000, and now I steadily earn over 20,000 each month. You might not believe the method I use—it's just the simplest 'buy low, sell high + position management.' The specific operation is divided into three steps:
Step 1: Choose coins that are stable, don't be reckless
Only trade BTC, ETH, and BNB, the three mainstream coins; ignore any other enticing altcoins. Mainstream coins have low volatility and good liquidity, and most importantly, they won't suddenly drop to zero. Remember, living long is ten times more important than earning quickly.
Step 2: Build positions slowly, don't rush
Divide the 50,000 principal into 20 parts, investing only 2,500 each time. If it drops by 5%, buy one more part; if it drops again, buy more. This way, even in extreme market conditions, you always have ammunition. Many people get liquidated because they go all in at once, leaving no chance to recover.
Step 3: Take profits quickly, don't be greedy
Sell half when you make 5%, sell all when you make 10%. Don't think about riding out the entire market trend; what the crypto world has the most is opportunities. I've counted, and according to this strategy, the success rate can reach over 80%. If you get it right 10 times in a month, you'll have 20,000 in profits.
Of course, this method has two prerequisites:
You need to have more than 50,000 in spare cash (the less money, the harder it is to operate)
Be able to control yourself and not touch contract leverage (9 out of 10 who play contracts lose money)
Now you understand why some people can make a living from the crypto world, right? In simple terms, it's about using the principal to exchange for stable returns. Although you can't earn a hundred or a thousand times, it's much freer than working a job. Want to know how to hedge risks specifically? Follow me for a detailed explanation next time. Remember, in the crypto world, surviving long is the real skill.
