Unlocking Wealth: 6 Proven Strategies to Make a Million in Cryptocurrency — No Trading Experience Needed!

Coin hoarding

It is the most simple and easy way to make money in the cryptocurrency world. What you are required to do is just buy a coin that has a strong community and wider support. You need to keep hoarding this coin for a minimum of half a year. For many people, keeping a coin for one month is not possible because they have a fear of value loss due to high volatility. However, if you keep a coin for a minimum of half a year, the chances of coin value increases are high, and you will get better results from this type of holding.

Chasing the bull market

In my opinion, this method is tried by many people. In reality, this method is well suited to those types of coins with a value between 50 and 100. What you want to do is use your extra funds, and when the bull market is in motion, invest your money in the first altcoin. When you have successfully withdrawn profit, check out other altcoins that look increasing. You can repeat this method as many times as you want until the bull market is over. If you fail with the first or second altcoin, do not withdraw urgently but wait until you recover your primary principle. The precaution here is to choose those types of currencies that have strong market influence. In addition, during the bull market, the funds always flow from layer to layer, like first entering into the BTC, then ETH, then DOGE, and SHIB. You only need to pick those coins that have not gone up yet in the bull run.

Moving average

In this method, use 5 types of indicators: MA5, MA10, MA20, MA30, and MA60, and select the one-day line. If the coin price is above the MA5 and MA10 lines, hold it until you achieve the highest return. If the price falls below MA10, sell immediately. In case MA5 rises above the M10 line, buy this coin and hold until you get the results.

Violent buy and sale

In this method, you are going to buy a coin with a strategy. For example, if a coin has a $10 value, just add your buy order with 8 dollars. If the purchase is successful, create a sell order with $9.5. You can arrange this strategy according to price fluctuations. In summary, you need to buy a coin with 90% value and sell it with 110% value.

Compound interest

Buy multiple altcoins and put them aside for the long term. If one coin raises its value by three times. Withdraw the principal and invest in another coin. Repeat this method until you have bought dozens of coins. This method will bring compound income, but you need to select low-price coins. In case of coin value declines, don’t sell, but wait for a suitable time.

Cyclic

In this method, you are required to buy the coin when its prices fall and continue to buy until it stops falling. When the coin value increases, sell the coin the same way as you have bought.

Pyramid bottom

In this method, first, select multiple coins in which you have trust. In the bear market, when these coins fall, allocate your funds to these coins. When the market condition changes, sell them and make a profit.