Every day, as you watch people in the cryptocurrency group share their profit screenshots, don't you feel envious? But when you try to operate, you either buy high and get stuck or sell at the lowest point, working hard for half a year, not only not making money but also losing quite a bit of capital. It's not that you aren't working hard enough; it's that you are putting in useless effort! Making money in the crypto world doesn't rely on frequent trading but on finding the right methods. Today, I will share 4 lazy tips that allow you to profit steadily without staring at the market every day, making it easy for beginners to get started.
The first tip: Dollar-cost averaging in mainstream coins, letting time help you make money. Many people think dollar-cost averaging is too slow and want to make quick money through short-term trading, but the busier they get, the more they lose. A friend of mine started dollar-cost averaging in mainstream coins in 2018, investing 2000 yuan every month regardless of market fluctuations. During the bull market in 2021, he directly earned 10 times his investment. The core of dollar-cost averaging is to lower costs and avoid timing risks. For beginners without time to monitor the market and without experience, this is the safest way. I recommend choosing 2-3 mainstream coins and investing regularly every month. When the market drops significantly, add an extra investment, and by sticking to it long-term, the returns will definitely exceed your expectations.
The second tip: Learn to look at on-chain data and avoid traps. Many beginners only look at candlestick charts, unaware that candlesticks can be faked, but on-chain data cannot. I usually pay attention to several core on-chain data: the number of active addresses, the number of transactions, and the situation of large transfers. If the number of active addresses for a cryptocurrency continues to grow and the number of transactions remains stable, it indicates real demand; if there is a sudden large amount of transfers, it may be a sign that large holders are offloading, and one should avoid it in time. Beginners do not need to study in-depth; just learning to look at these basic data can help avoid many traps.
The third tip: Choose the right platform and safeguard the security of your funds. The platform is the 'safe box' for your assets; choosing the wrong platform can lead to a total loss of principal. I have three criteria for selecting a platform: First, prioritize platforms with regulatory licenses, avoiding unlicensed platforms that attract users with high commissions; second, check the platform's liquidity; the 24-hour trading volume should rank in the top 20 of the industry to avoid situations where you want to sell but can't; third, always enable two-factor authentication and withdrawal address whitelisting to reduce the risk of account theft. Remember, the security of your funds is always the top priority; don’t put your principal at risk for a small profit.
The fourth tip: Stay away from 'noise' and maintain independent thinking. The crypto space is filled with various messages, both true and false, and many people lose money just by following others' calls. I never listen to community calls or look at so-called 'KOL recommendations'; instead, I have my own judgment logic. When I encounter a piece of news, I first ask myself: Is this news true? What is the value of this project? Can I withstand a 50% drop? By thinking through these three questions, many traps will automatically be avoided.
Making money in the crypto space doesn't require you to be very smart or very hardworking; the key is finding the right methods and avoiding futile efforts. If you find these tips useful, follow me @链上标哥 so you don't lose your way! I will regularly share more lazy earning tips and pitfall avoidance guides.
