What kind of people can make money in the crypto space?
These three types of people can make big money in the crypto space!
1. Long-term holders: These individuals buy during the low points of the crypto market and hold for the long term, waiting for prices to rise before selling. Holders often build a diversified portfolio, focusing on mainstream cryptocurrencies like Bitcoin and Ethereum, hoping to profit when prices increase significantly in the future;
2. Technical investors and participants: This group earns returns through methods such as cryptocurrency staking, liquidity mining, or decentralized finance. They have a deep understanding of the technical workings of blockchain and financial products, for example, earning returns by staking ETH or becoming liquidity providers to earn trading fees on decentralized exchanges;
3. Short-term traders: These individuals primarily profit through day trading and market fluctuations. They excel in technical analysis and are skilled at seizing opportunities from short-term price fluctuations in cryptocurrencies. Due to the high volatility of the crypto market, proficient short-term traders can use charting techniques and trading tools to profit in a short time.