How can ordinary people make money in the cryptocurrency bull market?
In the field of investment, choice is often more important than hard work. Many people are optimistic about the development trend of the blockchain industry and choose to enter the cryptocurrency circle, hoping to achieve wealth growth, improve the quality of life, and even change their wealth and destiny and cross classes by investing in cryptocurrencies.
These goals are not out of reach, and I can tell you responsibly that they are indeed achievable. However, to make money in the bull market, you must first recognize the characteristics of the current market: this round of bull market is mainly a bull market for Bitcoin, a bull market for Meme coins, and a bull market for some altcoins.
To make money during this period, the focus should be on the coins that rebound strongly, especially those with clear stories and strong positives, rather than the so-called "value coins" you imagine. The reason why many people lose money is that they buy the wrong coins. If you want to make money, first avoid buying coins that will cut leeks.
Here are some suggestions on which types of coins are best to stay away from:
Coins with too high a market value Coins with too high a market value may lack room for growth and are not suitable for investment.
Obsolete coins Coins that have lost market attention usually perform poorly.
Coins with high market capitalization but low liquidity may be difficult to trade in the market, which may easily cause liquidity problems.
Domestic Meme coins are often high-risk and lack stability.
Coins that have seen their prices rise sharply in the short term may face the risk of a pullback.
If there are problems with the project itself, the risk is higher.
The credibility and ability of the project team of the unreliable project party are crucial to the long-term development of the currency.
Old coins that do not fit the current model may not be able to keep up with innovation and changes in the market.
Coins defined as securities by the SEC may face stricter regulatory and legal risks.
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Four Rules for Successfully Trading Memecoin
Here are four key rules Iâve learned from trading Memecoin that will help you succeed in this fast-moving market.
1. Celebrity Effect Celebrity effect plays a significant and direct role in promoting Memecoin. The most famous example is DOGE. As a global celebrity, Elon Musk posted positive remarks about DOGE on Twitter, which quickly attracted the attention of the entire Internet and directly promoted the surge in the price of DOGE. Similarly, currencies such as SHIB, PEPE, and WIF have also experienced huge gains because they are considered "Musk concepts." Celebrity effect can trigger market enthusiasm in a short period of time, thereby bringing about potential investment opportunities.
2. Follow the trend In the Memecoin market, trends are an important factor. Innovative or easily spreadable topics can drive projects to a wider audience and spread quickly on social media. If Memecoin on the Solana chain performs well, then look for projects on the Solana chain; if Memecoin on the Base chain starts to soar, then focus on opportunities on the Base chain. The key is to be flexible and not limit yourself to a specific public chain or project. To make money in this market, you must go with the flow and follow the trend.
3. Short-term volatility and high risk The Memecoin market is full of short-term volatility and high risk. Understanding this is the key to success. Prices may fluctuate dramatically in a short period of time, which means you may need to make quick decisions and enter and exit the market in a timely manner. Learn to identify potential high-risk coins and avoid falling into the trap of a sharp drop. At the same time, pay attention to protecting your investment principal and don't be affected by market fluctuations.
4. Community Power The success of Memecoin is often closely related to the community power behind it. A strong community can promote the popularity of the currency on social media and bring more trading volume. When choosing a Memecoin, pay attention to the size, activity and participation of the community behind it. A strong community means greater market potential.
By following these four rules, you can find investment opportunities that suit you in the Memecoin market and take advantage of market fluctuations to make a profit. However, please remember that investing in cryptocurrencies always comes with risks, so be sure to do sufficient research and risk management before making an investment decision. #BIBIç±ćșäșBSCéŸäžçæšĄć ćžBIBIçćć±ç€Ÿćș
