Nine ways to make money by speculating in cryptocurrencies (I):

1. Hoarding: Applicable to both bull and bear markets. Hoarding is the simplest but also the most difficult strategy. The simplest part is that you just need to buy certain currencies and then hold them for half a year or more without doing anything. Usually, the minimum return can be up to ten times. However, novices often want to change or sell their currencies because they see high returns or a sharp drop in the price of the currency. It is difficult for many people to stick to not doing anything for a month, let alone a year, which is why this is the most difficult part.

2. Bull market chasing method: Applicable only to bull markets. Use idle money that does not exceed one-fifth of the total funds. This strategy is suitable for currencies ranked between 20 and 100 in market value, because at least they will not be stuck for a long time. For example, if you buy a copycat coin, you can wait for it to rise by 50% or more, and then you can change it to another coin that has plummeted, and so on. If your first copycat coin is stuck, then keep waiting, and the bull market will definitely unblock it. But the premise is that the selected currency cannot be too bad. This strategy is actually not easy to control, and novices need to operate with caution.

3. Hourglass car-changing method: Applicable to bull market.

In a bull market, almost all currencies will rise, and funds will slowly penetrate into each currency like a huge hourglass, starting with the big currencies. There is an obvious pattern in the rise of currency prices: first, the leading currencies rise, such as BTC, ETH, DASH, ETC, etc., and then the mainstream currencies begin to rise, such as LTC, XMR, EOS, NEO, QTUM, etc. Then the currencies that have not risen generally rise, such as RDN, XRP, ZEC, etc., and then various small currencies rise in turn. If Bitcoin rises, choose the next level of currency that has not risen to start building a position.

4. Pyramid bottom-picking method: Applicable to foreseeable big crashes.

Bottom-picking method: Entrust to buy at 80%, 70%, 60%, and 50% of the currency price respectively, and carry out according to the position ratio of one-tenth, two-tenths, three-tenths, and four-tenths.

5. Moving average method: You need to understand some basic knowledge of K-line.

Set indicator parameters MA5, MA10, MA20, MA30, MA60, and select the daily level. If the current price is higher than the MA5 and MA10 lines, hold it steady. If MA5 falls below MA10, sell the coin; if MA5 breaks through MA10, buy and open a position.