Several major methods to make money in the cryptocurrency market: mastering three of them can easily earn you U!
1. Holding Method: Applicable in both bull and bear markets.
The holding method is the simplest but also the most challenging strategy. The simplest part is just to buy certain cryptocurrencies and hold them for more than half a year or a year without any operations. Usually, the minimum return can reach ten times. However, beginners often want to swap coins or sell when they see high returns or significant price drops, and many find it hard to stick to not operating for a month, let alone a year, which is why this part is the most difficult.
2. Buying the Dip in a Bull Market: Applicable only in a bull market.
Use no more than one-fifth of your total funds as spare money. This strategy is suitable for cryptocurrencies ranked between 20 to 100 in market capitalization, as they are less likely to be stuck for long periods. For example, if you buy a altcoin and it rises by 50% or more, you can swap it for another coin that has dropped significantly, and continue this cycle. If your first altcoin gets stuck, just keep waiting; the bull market will definitely release it. But the premise is that the chosen coins cannot be too poor; this strategy is also not easy to control. In a bull market, almost all cryptocurrencies will rise, and funds flow like a giant hourglass, slowly seeping into each cryptocurrency, starting from the large coins.
3. Pyramid Bottom Fishing Method: Applicable for foreseeable major price drops. The bottom fishing method: place buy orders at 80%, 70%, 60%, and 50% of the coin price, using position ratios of one-tenth, one-fifth, one-third, and one-fourth respectively.
4. Moving Average Method: Requires understanding some basic K-line knowledge. Set indicator parameters MA5, MA10, MA20, MA30, MA60, and choose daily level. If the current price is above MA5 and MA10, hold steady. If MA5 drops below MA10, sell the coin; if MA5 breaks above MA10, buy in.
5. Aggressive Holding Method: Suitable for high-quality long-term coins you are familiar with. If there is a liquid fund available, for example, if a coin's current price is $8, buy at $7, and after successfully buying, sell at $8.8. The profit is used to hold coins. The liquid funds are used to wait for the next opportunity. Adjust dynamically according to the current price. If there are three such opportunities in a month, you can accumulate a significant 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 increase reaches 3-5 times, do not sell, and there will be gains after reading.