I've always attempted to create content that is educational for my friends, so they may profit from my postings. My posts are mostly on cryptocurrencies because many of the individuals here are involved with it and have made excellent investments.
I have written multiple articles about how to profit from the cryptocurrency market by introducing many aspects that allow you to earn good money quickly and effortlessly.
In this posting, I'll share another approach for making good money in any market condition. Whether the market is bullish or bearish, you can profit from this method.
You may have heard of diversification, in which you split your investments across multiple coins to reduce risk and increase returns.
However, simply diversifying your portfolio is insufficient; you must also manage it on a consistent basis. Check your assets for passive income as well.
This method applies to both investors and swing traders. This method is not suitable for very short-term investors or day traders.
First and foremost, you must select approximately 30 crypto coins that are fundamentally strong, as well as coins that have a high potential for future growth and are undervalued.
After locating 30 coins, you choose only ten of them for investment. Assume I have $10,000 and wish to invest. I'll chose 30 coins and invest in 10 of them with an equal part of my investment, say $1000 apiece.
Now we'll wait for any coin to pump only 5%. You may have noticed that each coin has its own movement, which occurs at any time with any coin.
When you see that your coin "A" has pumped roughly 5%, withdraw your money from it and invest in the remaining 20. But you must invest in one of the remaining 20 coins.
The advantage of doing this is that you have immediately booked a 5% return on your investment and switched it to another cheap coin. This can help you increase your profits by investing in an undervalued coin that has a higher probability of pumping in the future days.
Check for another coin to pump 5% and repeat the process. The post's summary is that you should check to see if any of your currencies have moved more than 5%, and if so, swap to another coin you've chosen for investment.
This is a method that can provide you with good profits on occasion while also serving as a long-term investment. I hope this technique helps you earn decent money.
I hope you find this post interesting and I hope you will like it. If you like the post, please leave feedback in the comments section so that the next one will be even better. Thank you for sticking with me until the end.
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Thanks
The idea is nice, I hope it works... I'll try it when I have enough funds and made my research.
Thanks for the information.
Yup bro, you can give a try, will work perfectly