At 20, I entered the circle, and now it has been 10 years.
From the initial debts to now having an eight-figure sum, the numbers in my account have allowed me to completely bid farewell to the early difficult times.
In 2023 and 2024, it seems like overnight, the whole world has changed.
Looking back, compared to my elders who are in e-commerce and factories, my life is truly too easy: no worries about the supply chain, no contract disputes, no clients defaulting, and very few troubles.
You ask me: What does trading crypto rely on?
To be honest, the answer is quite simple—mindset first, skills second.
In recent years, I have summarized some "mental strategies" to share with those brothers who are also struggling in the crypto space:
$BTC is always the big brother.
If you want to mix in the crypto space, you must keep an eye on it. When it rises, altcoins can soar; when it falls, altcoins have to follow.
Occasionally, $ETH can perform independently, but remember: without the support of $BTC, altcoins simply cannot withstand the market.
You must understand the relationship between $BTC and USDT.
Remember this: when USDT rises, be careful with Bitcoin; when Bitcoin rises sharply, quickly stock up on USDT for safety.
There are two critical time periods:
From 0-1 AM, it’s easiest to "spike"—set orders before sleep, and you can easily pick up some gains;
From 6-8 AM, it’s a wind vane that determines the day’s trend:
If it drops in the first half of the night, and these two hours continue to drop, then close your eyes and buy more, there's a good chance it will recover that day;
If it rises in the first half of the night, and these two hours continue to rise, then run fast, there’s a high probability it will drop today.
At 5 PM, you absolutely cannot lose focus.
American funds have just entered the market, which usually brings a big wave of volatility.
Black Friday can sometimes rise and sometimes fall, don’t be too superstitious.
It’s crucial to look at the news and not be led by temporary market emotions.
As long as it’s not a worthless coin, any coin with trading volume, don’t panic if it drops.
In three to five days, or a month, it will always return to the starting point.
If you have spare cash, buy in batches to lower the cost and quickly break even; if you don’t have spare cash, just hold on tight, it’s not a big problem.
As long as you can stabilize yourself and maintain your mindset, you will definitely be able to ride out this cycle in the end.
The market is still brewing, keep up with Uncle Nan's precise grasp of the market, and hurry up to lay out the next round of market with me!
