The easiest way to make money by speculating in cryptocurrencies
$BTC Speculating in cryptocurrencies is not an easy task. Once you have mastered the tricks, making money is as natural as drinking water.
Here are some rules for making money in a bull market:
1. The upward trend is hard to stop: Once the upward trend starts, it often does not end easily. Therefore, in the face of a large correction that may occur in the early stage, do not panic too much and be brave to enter the market. However, do not blindly pursue a lower point, otherwise you may miss out all the way.
2. The bull market is volatile and the position should be flexible: In a bull market, the market often fluctuates rapidly. If your position is not full, you can wait patiently for a suitable opportunity to return to kill, and then decisively increase your position. But remember, do not operate frequently to avoid affecting your mentality and income.
3. Diversify your investment and reduce risks: When speculating in cryptocurrencies, it is best to diversify your funds into multiple key sectors. This can avoid affecting the overall income due to the short-term immobility of a certain sector. Of course, you should also reasonably allocate funds according to your risk tolerance and market conditions.
4. Hold firmly and wait for rotation: Once you decide to buy a certain currency, you must hold it firmly and not be easily affected by short-term market fluctuations. Because in the bull market, every currency has the opportunity to rotate, as long as you can hold it, there will always be a chance to gain benefits.
5. Market divergence is an opportunity: When there are divergences in the market, opportunities are often bred. The currency that a bunch of people scold may be a potential investment opportunity. When everyone is optimistic, it may be a sign of the coming risk.
6. Avoid short-term operations: When speculating in coins, try not to frequently carry out short-term high-sell and low-buy operations. Because once you get off the bus halfway, you may find that you can no longer go up. On the contrary, long-term holding often can get more stable returns.
7. Stay calm and wait patiently: In the bull market, callbacks are inevitable. However, as long as you can hold it and it is not a junk coin, even the worst coin may get five or ten times the return in the bull market. Therefore, stay calm and wait patiently for the market rotation.
8. Maintaining a good attitude is the most important thing! Don't be happy with the currency, don't be sad with yourself!
