I am 36 years old this year, started trading crypto at 22, and by 2024-2025, my assets will reach eight figures. I have hardly experienced any quarrels in business and have fewer worries. I patiently summarize my insights; the most important aspect of trading crypto is a good mindset, while technical skills are secondary.
1. In most cases, Bitcoin is the leader of price movements in the crypto world; Ethereum and other strong coins may sometimes break away from Bitcoin's influence to create their own trends, while altcoins generally cannot escape its impact.
2. Bitcoin and USDT move in opposite directions; if you find that USDT is rising, you need to be cautious that Bitcoin might be falling. When Bitcoin rises, it is a suitable time to buy USDT.
3. Between 0 and 1 AM, there is a tendency for price spikes to occur. Therefore, domestic crypto friends can set low buy prices for their desired coins and high sell prices before going to bed, you might just get a transaction while lying down.
4. Every morning from 6 to 8 AM is a time to judge buying or selling, and it is also the point to assess the day's rise or fall. If it has been falling from 0 to 6 AM and continues to fall during this time, it is a good opportunity to buy or add to positions, and it will likely rise for the day. If it has been rising from 0 to 6 AM and continues to rise during this time, it’s a selling opportunity, and the day will likely see a drop.
5. 5 PM is an important point to watch; due to time zone differences, American crypto friends are waking up to start working, which might cause fluctuations in coin prices. Some significant rises or drops have indeed occurred at this point, so pay special attention.
6. In the crypto world, there is a saying about 'Black Friday', with a few instances of significant drops coincidentally occurring on Fridays, but there are also cases of substantial rises or sideways movements, making it not particularly reliable; just pay a little attention to the news.
7. If a coin with a certain trading volume drops, there's no need to worry. Holding it patiently will definitely allow you to break even, whether in 3 or 4 days or up to a month. If you have spare USDT, you can average down in batches to lower the price, which will allow you to recover faster. If you don’t have spare funds, just wait; it won’t let you down. Unless you really bought a bad coin.
8. Holding the same coin for spot trading long-term with fewer transactions yields greater returns than frequent trading; it all depends on whether you have the patience to hold.
I bought Dogecoin at 0.1, and it has increased more than 20 times since then💡 The key to future wealth is often hidden in cognitive gaps—trends come first, followed by positioning.
Hello everyone, I am Guiyan. I have navigated the market for many years and deeply understand the opportunities and traps within it.
Being deeply trapped in a full position, unable to cut losses or add to positions, one can only wait passively. As long as it is your own money, not borrowed or loaned, you can wait patiently. One must not act emotionally, blindly average down, or easily cut losses and make hasty decisions.
Even the most diligent fisherman, during the stormy season, will choose to calmly protect his boat and patiently wait for the storm to pass; sunny days will eventually come. Follow me, I will not only give you fish but also teach you how to fish. The door to the crypto world is always open for you. Embrace the trend to embrace a smooth life. Remember, this is your wealth guide!
