Speculating in cryptocurrencies may seem simple, but it is not easy. Without a certain amount of experience, it is difficult to make stable money on this road. The essence of the cryptocurrency circle is the redistribution of interests. To make a profit, you need patience and vision.
Teach you some simple and easy-to-learn methods to get you started easily.
First, carefully select good coins. How to select potential coins? This requires an in-depth understanding of market trends and a comprehensive evaluation of the technology, team, application scenarios and other aspects of the coin.
Secondly, buy in when the daily line diverges after a sharp drop. This sounds simple, but it actually requires certain skills and patience. You need to learn to observe market trends, judge the timing of the bottom divergence, and act decisively.
In addition, not watching the market and not doing short-term trading is also an important principle of cryptocurrency speculation. Because short-term trading is often accompanied by high risks, long-term holding of coins can reduce risks and obtain more stable returns.
Finally, when the daily line rises sharply, sell when the top diverges, which is also an indispensable step in cryptocurrency speculation. But it should be noted that the timing of selling also requires skills and experience.
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