Hello, readers and friends, I am Mumu. Today I will talk about some common dry goods in this circle. As an old leek who entered the circle in 2016, I remind all the newbies in the cryptocurrency circle that it is a must-read!
Blockchain technology is changing the financial industry, and cryptocurrency, as a core element, is gaining more and more attention from participants. However, for novices, how to earn opportunities in this turbulent market requires certain strategies.
The Cat Queen will introduce two methods suitable for beginners: the coin hoarding method and the bull market chasing method.
1. Hoarding Coins: Suitable for Bull and Bear Markets
The coin hoarding method is the simplest and the most difficult way to play. The simplest way is to buy a certain coin or several coins and then hold them for half a year or more without doing anything. Basically, the minimum return is ten times. However, it is easy for novices to change or get out of the market when they see a high return or a coin price cut. It is difficult for many people to hold on for a month, let alone a year. So this is actually the most difficult.
The coin hoarding method is suitable for both bull and bear markets, because in a bear market, patient waiting and accumulation may bring unexpected gains. The bull market is a good time for the coin hoarding method to show its prowess, because the coin price tends to show a rapid upward trend.
2. Bull market chasing decline method
The bull market chasing method is an active offensive strategy. Use a portion of your spare money, preferably no more than one-fifth of your Z gold. This method is suitable for playing with coins with a market value of 20-100, because at least you won't be stuck for too long. For example, if you buy the first altcoin, and it rises by 50% or more, you can switch to the next coin that plummets, and so on. If you are stuck with the first altcoin, then continue to wait, and the bull market will definitely get you out of it. The premise is that the coin you choose cannot be too bad.
Okay, that’s all for this sharing by the Cat Queen. If you have any questions in this circle, you can ask me. See you next time.
