Three commonly used money-making methods:
First method, dollar-cost averaging.
This method is simple and practical. No matter whether the market is rising or falling, regularly invest a fixed amount of money weekly or monthly into buying quality assets. This way, your costs are averaged out, and the risks of chasing highs and cutting losses are greatly reduced. This method is particularly suitable for those who are optimistic about cryptocurrencies in the long term. Isn't it nice to make money steadily?
Second method, risk diversification.
Never put all your eggs in one basket; learn to spread your eggs into different baskets. In the cryptocurrency space, you need to distribute your funds across different projects. This way, if one project runs into trouble, it won't affect your overall returns. For example, you might want to try BTC, ETH, and add a few promising new coins. This way, the risk is greatly reduced.
Third method, the iron rule of taking profits and cutting losses.
This method must be remembered. Set your profit and loss exit points in advance. Once you reach them, execute decisively and don't let emotions sway you. Remember, know when to take profits; not being greedy is the key to making money!
These three methods sound easy, but very few can actually stick with them. Will you be the one who can persist until the end and become a winner?
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