Making money in the cryptocurrency space boils down to these 7 major secrets, which are effective!

1. HODL Method: Suitable for both bull and bear markets.

The simplest yet most challenging approach is the HODL method. The simplicity lies in selecting your favorite mainstream coins and quietly holding them for half a year, a year, or even longer.

Avoid frequent trading; even the lowest returns can lead to astonishing multiples!

2. Bull Market Buy the Dip Method: Applicable only during bull markets.

Crypto friends can use a small amount of idle funds, with the optimal proportion not exceeding one-fifth of total assets. This investment strategy favors cryptocurrencies with a market cap between 10 and 100, as these assets are less likely to be stuck for long periods during a bull market.

Assuming you buy a altcoin and wait for its price to rise by 50% or more, you can then switch to another cryptocurrency that is experiencing a price pullback, and continue this process.

Of course, if the first altcoin unfortunately encounters trouble, you need to remain patient, as being stuck during a bull market will eventually resolve. However, for such indecisive choices, novice players must act cautiously.

3. Hourglass Switching Method: Especially suitable for bull market conditions.

In a bull market, buying any new coin will see it flow with the tide, with funds slowly participating in every popular coin like a giant hourglass.

The price surge of coins follows a significant pattern, where leading coins like Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB) first gain momentum, followed by second-tier mainstream coins like SOL, LTC, QTUM, etc.

4. Pyramid Bottom Buying Method: Used when anticipating a large-scale price drop.

The bottom-buying technique includes buying in batches, with each order price taking up 80%, 70%, 60%, 50%, and 20% of the current price.

5. Moving Average Method: Requires basic knowledge of candlestick charts.

Set to track the indicators for the 5-day, 10-day, 20-day, 30-day, and 60-day moving averages, and use the daily line as the trading level.

When the spot price is above the MA5 and MA10 moving averages, you should hold firmly; conversely, you should sell promptly.

If the MA5 fails to break through the MA10, we should sell the relevant assets; if the MA5 breaks upwards through the MA10, it means we have sufficient reasons to start building our position.