Ways for Ordinary People to Make Money in the Cryptocurrency World and Avoid Pitfalls
First, honestly hold onto coins, and keep the spot for 3-10 years. Accumulate the right assets. There are no poor people if you hold the right assets. What are the best assets in the cryptocurrency world? Everyone in the crypto community knows, there's really no need to choose. This may seem like the simplest method, but in reality, very few people take this path, so the competition is minimal. There are completely no concepts of overwork or internal strife; I also don't care about the rise and fall of coin prices because it is against human nature. I personally follow this path, and I find it suits me very well, possibly due to my personality. I have also made money by taking this route.
Second, use cryptocurrencies as your asset base. Use existing coins to participate in high-quality activities, such as Binance exchange’s IEOs, staking in Bored Ape Yacht Club, liquidity mining, etc. These can all earn money, but small funds are meaningless. This is suitable for large funds.
Third, trading is the most difficult, but it is also what ordinary people aspire to; it often appears to be the simplest. For example, opening contracts is as easy as clicking the mouse; a certain expert tells you what point to enter, and that's it. In reality, ordinary people typically don't make money; they just serve as fuel.
Ways to Avoid Pitfalls.
If someone is tempting you with benefits, telling you what coin to buy to earn how much, or that following them to buy contracts will make you money, they are definitely a scammer.
In the financial market, if you are trading, you must have your own trading system. I personally trade with a system: exit if it falls below the 60-day moving average, buy if it rises above the 60-day moving average, and sell if it exceeds 25% away from the 60-day moving average. Set the take-profit point at 25%. If it’s a bull market for altcoins, then other moving average rules apply. There are many methods, but they must be simple. I also share with my group friends how to trade altcoins and how to sell. If you use discipline to restrain human nature and explain the simplest methods in the simplest language, trading cryptocurrencies will no longer be a source of confusion, and you won't miss selling opportunities.
Still, the same saying: Bulls have their strategies, bears have their ways to play.
They won't lead fans to liquidation or blindly open orders.
It’s all about seeking stable victories, advancing steadily. Those who want to make money, keep up!
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