I am 38 years old this year, and my assets will reach 8 figures in 2024-2025. I have hardly experienced any business disputes and have few worries. I have the patience to summarize my insights; the most important point in trading cryptocurrencies is having a good mindset, while technology is secondary.
1. In most cases, Bitcoin is the leader of the cryptocurrency market's fluctuations. Strong coins like Ethereum can sometimes deviate from Bitcoin's influence and create a unilateral trend, while altcoins generally cannot escape its impact;
2. Bitcoin and USDT move in opposite directions. If you notice USDT rising, be cautious about Bitcoin falling; when Bitcoin is rising, it’s a suitable time to buy USDT;
3. Between 0:00 and 1:00 AM, there is a tendency for sudden price spikes, so domestic crypto enthusiasts can try to place a low buy order for their desired coins and a high sell order before going to bed; who knows, it might get executed while they sleep;
4. Between 6:00 and 8:00 AM is a critical time to judge whether to buy or sell, and also to assess the day's fluctuations. If the price has been falling from 0:00 to 6:00 AM and continues to decline, it’s a good time to buy or average down, and the price is likely to rise that day. Conversely, if the price has been rising from 0:00 to 6:00 AM and continues to rise, it’s a selling opportunity, and there’s a high probability it will fall that day;
5. 5:00 PM is an important time to pay attention to. Due to time zone differences, U.S. crypto enthusiasts are waking up to work, which may cause fluctuations in coin prices. Significant increases or decreases often happen at this time, so it requires special attention;
6. There is a saying in the crypto community about 'Black Friday,' as there have been instances of significant drops coincidentally on Fridays, but there are also cases of significant rises or market consolidation. It’s not particularly accurate, just pay attention to news;
7. If a coin with a certain trading volume drops, there’s no need to worry. Holding on patiently will definitely allow you to break even, whether it takes 3-4 days or up to a month. If you have surplus USDT, average down in batches to lower the price, and you will break even faster. If you don’t have extra funds, just wait; it won't disappoint you, unless you really bought I coin;
8. Holding the same coin for long-term in spot trading with fewer transactions yields greater returns than frequent trading, depending on whether you have the patience to hold.
I bought Dogecoin at 0.1 and have held it until now, multiplying over 20 times 💡 The future wealth code often lies in the gaps of understanding—trends come first, layouts follow.
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